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FIRST INTERNET BANCORP (INBK) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:INBK - US3205571017 - Common Stock

19.05 USD
+0.04 (+0.21%)
Last: 11/28/2025, 7:39:19 PM
19.05 USD
0 (0%)
After Hours: 11/28/2025, 7:39:19 PM
Fundamental Rating

3

Taking everything into account, INBK scores 3 out of 10 in our fundamental rating. INBK was compared to 387 industry peers in the Banks industry. INBK has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, INBK is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year INBK has reported negative net income.
In the past year INBK has reported a negative cash flow from operations.
Each year in the past 5 years INBK has been profitable.
Each year in the past 5 years INBK had a positive operating cash flow.
INBK Yearly Net Income VS EBIT VS OCF VS FCFINBK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M 80M

1.2 Ratios

INBK has a Return On Assets of 0.25%. This is amonst the worse of the industry: INBK underperforms 87.60% of its industry peers.
The Return On Equity of INBK (3.96%) is worse than 81.65% of its industry peers.
Industry RankSector Rank
ROA 0.25%
ROE 3.96%
ROIC N/A
ROA(3y)0.46%
ROA(5y)0.64%
ROE(3y)6.21%
ROE(5y)8.04%
ROIC(3y)N/A
ROIC(5y)N/A
INBK Yearly ROA, ROE, ROICINBK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

INBK has a worse Profit Margin (10.86%) than 83.20% of its industry peers.
In the last couple of years the Profit Margin of INBK has declined.
INBK does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 10.86%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-22.49%
PM growth 5Y-9.89%
GM growth 3YN/A
GM growth 5YN/A
INBK Yearly Profit, Operating, Gross MarginsINBK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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1

2. Health

2.1 Basic Checks

INBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, INBK has more shares outstanding
The number of shares outstanding for INBK has been reduced compared to 5 years ago.
Compared to 1 year ago, INBK has an improved debt to assets ratio.
INBK Yearly Shares OutstandingINBK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
INBK Yearly Total Debt VS Total AssetsINBK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

INBK has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of INBK (0.27) is worse than 64.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC25.97%
INBK Yearly LT Debt VS Equity VS FCFINBK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
INBK Yearly Current Assets VS Current LiabilitesINBK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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6

3. Growth

3.1 Past

INBK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -118.50%.
Measured over the past 5 years, INBK shows a small growth in Earnings Per Share. The EPS has been growing by 2.86% on average per year.
INBK shows a decrease in Revenue. In the last year, the revenue decreased by -6.68%.
The Revenue has been growing by 11.04% on average over the past years. This is quite good.
EPS 1Y (TTM)-118.5%
EPS 3Y-15.14%
EPS 5Y2.86%
EPS Q2Q%-278.75%
Revenue 1Y (TTM)-6.68%
Revenue growth 3Y4.11%
Revenue growth 5Y11.04%
Sales Q2Q%44.77%

3.2 Future

INBK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.68% yearly.
The Revenue is expected to grow by 24.71% on average over the next years. This is a very strong growth
EPS Next Y-92.71%
EPS Next 2Y21%
EPS Next 3Y23.68%
EPS Next 5YN/A
Revenue Next Year32.73%
Revenue Next 2Y28.84%
Revenue Next 3Y24.71%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
INBK Yearly Revenue VS EstimatesINBK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
INBK Yearly EPS VS EstimatesINBK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for INBK. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 4.50 indicates a rather cheap valuation of INBK.
INBK's Price/Forward Earnings ratio is rather cheap when compared to the industry. INBK is cheaper than 97.16% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.59, INBK is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 4.5
INBK Price Earnings VS Forward Price EarningsINBK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
INBK Per share dataINBK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

A more expensive valuation may be justified as INBK's earnings are expected to grow with 23.68% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y21%
EPS Next 3Y23.68%

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4

5. Dividend

5.1 Amount

INBK has a Yearly Dividend Yield of 1.26%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of INBK has falen by -24.15%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
INBK's Dividend Yield is slightly below the industry average, which is at 3.33.
With a Dividend Yield of 1.26, INBK pays less dividend than the S&P500 average, which is at 2.40.
Industry RankSector Rank
Dividend Yield 1.26%

5.2 History

The dividend of INBK decreases each year by -0.26%.
INBK has been paying a dividend for at least 10 years, so it has a reliable track record.
INBK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.26%
Div Incr Years0
Div Non Decr Years11
INBK Yearly Dividends per shareINBK Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2

5.3 Sustainability

13.47% of the earnings are spent on dividend by INBK. This is a low number and sustainable payout ratio.
DP13.47%
EPS Next 2Y21%
EPS Next 3Y23.68%
INBK Yearly Income VS Free CF VS DividendINBK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M
INBK Dividend Payout.INBK Dividend Payout, showing the Payout Ratio.INBK Dividend Payout.PayoutRetained Earnings

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FIRST INTERNET BANCORP

NASDAQ:INBK (11/28/2025, 7:39:19 PM)

After market: 19.05 0 (0%)

19.05

+0.04 (+0.21%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-22 2025-10-22/amc
Earnings (Next)01-20 2026-01-20/amc
Inst Owners71.78%
Inst Owner Change-2.28%
Ins Owners7.8%
Ins Owner Change1.2%
Market Cap165.93M
Revenue(TTM)114.26M
Net Income(TTM)15.46M
Analysts76.36
Price Target27.23 (42.94%)
Short Float %1.09%
Short Ratio1.4
Dividend
Industry RankSector Rank
Dividend Yield 1.26%
Yearly Dividend0.24
Dividend Growth(5Y)-0.26%
DP13.47%
Div Incr Years0
Div Non Decr Years11
Ex-Date09-30 2025-09-30 (0.06)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-89.55%
Min EPS beat(2)-93.34%
Max EPS beat(2)-85.75%
EPS beat(4)0
Avg EPS beat(4)-49.08%
Min EPS beat(4)-93.34%
Max EPS beat(4)-6.07%
EPS beat(8)3
Avg EPS beat(8)-17.16%
EPS beat(12)4
Avg EPS beat(12)-23.51%
EPS beat(16)7
Avg EPS beat(16)-16.49%
Revenue beat(2)0
Avg Revenue beat(2)-3.23%
Min Revenue beat(2)-3.87%
Max Revenue beat(2)-2.59%
Revenue beat(4)1
Avg Revenue beat(4)7.88%
Min Revenue beat(4)-9.19%
Max Revenue beat(4)47.15%
Revenue beat(8)2
Avg Revenue beat(8)2.84%
Revenue beat(12)4
Avg Revenue beat(12)2.25%
Revenue beat(16)8
Avg Revenue beat(16)6.59%
PT rev (1m)-7.93%
PT rev (3m)-7.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)-87.58%
EPS NY rev (3m)-88.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.62%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-1.51%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 4.5
P/S 1.17
P/FCF N/A
P/OCF N/A
P/B 0.43
P/tB 0.43
EV/EBITDA N/A
EPS(TTM)-0.47
EYN/A
EPS(NY)4.23
Fwd EY22.21%
FCF(TTM)-7.49
FCFYN/A
OCF(TTM)-7.27
OCFYN/A
SpS16.34
BVpS44.8
TBVpS44.27
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.25%
ROE 3.96%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 10.86%
GM N/A
FCFM N/A
ROA(3y)0.46%
ROA(5y)0.64%
ROE(3y)6.21%
ROE(5y)8.04%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-22.49%
PM growth 5Y-9.89%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 25.37%
Cap/Sales 1.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC25.97%
ROIC/WACCN/A
Cap/Depr(3y)108.23%
Cap/Depr(5y)198.31%
Cap/Sales(3y)7.34%
Cap/Sales(5y)14.48%
Profit Quality(3y)99.94%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-118.5%
EPS 3Y-15.14%
EPS 5Y2.86%
EPS Q2Q%-278.75%
EPS Next Y-92.71%
EPS Next 2Y21%
EPS Next 3Y23.68%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.68%
Revenue growth 3Y4.11%
Revenue growth 5Y11.04%
Sales Q2Q%44.77%
Revenue Next Year32.73%
Revenue Next 2Y28.84%
Revenue Next 3Y24.71%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-465.51%
FCF growth 3Y-25.3%
FCF growth 5YN/A
OCF growth 1Y-344.8%
OCF growth 3Y-38.12%
OCF growth 5YN/A

FIRST INTERNET BANCORP / INBK FAQ

What is the fundamental rating for INBK stock?

ChartMill assigns a fundamental rating of 3 / 10 to INBK.


What is the valuation status of FIRST INTERNET BANCORP (INBK) stock?

ChartMill assigns a valuation rating of 3 / 10 to FIRST INTERNET BANCORP (INBK). This can be considered as Overvalued.


How profitable is FIRST INTERNET BANCORP (INBK) stock?

FIRST INTERNET BANCORP (INBK) has a profitability rating of 2 / 10.


How sustainable is the dividend of FIRST INTERNET BANCORP (INBK) stock?

The dividend rating of FIRST INTERNET BANCORP (INBK) is 4 / 10 and the dividend payout ratio is 13.47%.