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MARKETS / NASDAQ / INBK
NASDAQ · STATE COMMERCIAL BANKS · MID CAP

First Internet Bancorp INBK

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$-35.2M
▼ 239.1% YoY
$2.2M
▼ 78.6% YoY
In brief

What this company does

First Internet Bancorp is a bank holding company headquartered in Fishers, Indiana that conducts its primary business activities through its wholly-owned subsidiary, First Internet Bank of Indiana, an Indiana chartered bank. The Bank was the first state-chartered, Federal Deposit Insurance Corporation (“FDIC”) insured Internet bank and commenced banking operations in 1999. First Internet Bancorp was incorporated under the laws of the State of Indiana on September 15, 2005. We offer a wide range of commercial, small business, consumer and municipal banking products and services. We conduct our consumer and small business deposit operations primarily through digital channels on a nationwide basis and have no traditional branch offices.

Written from the business description in First Internet Bancorp's annual report to the U.S. Securities and Exchange Commission, filed 11 March 2026. Every sentence was checked against that document before publication.

Growth
—
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2019 · Revenue 11.5 · Net income 25.2
10M20M20122014201620182020202220242025
Compound annual growth
+0.0%
+0.0%
+0.0%
−55.7%
+2.1%
+9.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
—
Operating margin Net margin
FY2019 · Net 218.7%
100%200%300%20122014201620182020202220242025
ROE
FY2025 · ROE -9.5%
5%10%-5%20122014201620182020202220242025
Gross margin—
Operating margin—
Net margin—
Return on assets-0.6%
EBITDAUSD -44.7M

Each USD of equity lost 9 cents this year.

Cash & shareholders
USD 2.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 2.2
25.0M50.0M-20.0M-40.0M20122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends 2.1 · Net buybacks 0.5
20M-20M-40M20122014201620182020202220242025
Dividends paidUSD 2.1M
Net buybacksUSD 521,000.00
Share of profit-7.4%
Consecutive raises—

USD 2.1M in dividends and USD 521,000.00 in buybacks went back to shareholders in a year without profit.

Total assetsUSD 5.6B
EquityUSD 359.8M
CashUSD 456.8M
Gross debtUSD 249.5M
Net debtUSD -207.3M
DepositsUSD 4.8B

The company holds more cash than debt.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B······0.00.00.0·····
Operating income $B−0.10.00.00.00.10.00.0·······
EBITDA $B−0.00.00.00.00.10.00.0·······
Income tax $B−0.00.0−0.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.00.00.00.10.0−0.0−0.00.00.00.00.00.00.0−0.0
EPS, diluted $−4.032.880.953.704.822.992.512.302.132.301.960.961.511.95
Dividend / sh $0.240.240.240.240.240.240.240.240.240.240.240.240.220.17
Payout %−6826758101011101225109
ROE %−9.56.82.39.513.59.38.58.58.19.38.94.66.09.1

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 42 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityState Commercial Banks
Listed onNASDAQ
Incorporated inIndiana
Fiscal year endsDecember 31
Data on record since2012

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