FIRST INTERNET BANCORP (INBK)
US3205571017 - Common Stock
Overall INBK gets a fundamental rating of 3 out of 10. We evaluated INBK against 411 industry peers in the Banks industry. Both the profitability and financial health of INBK have multiple concerns. INBK has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
INBK had positive earnings in the past year.
In the past year INBK had a positive cash flow from operations.
INBK had positive earnings in each of the past 5 years.
INBK had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of INBK (0.16%) is worse than 91.24% of its industry peers.
Looking at the Return On Equity, with a value of 2.32%, INBK is doing worse than 88.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.16% | ||
| ROE | 2.32% | ||
| ROIC | N/A |
ROA(3y)0.7%
ROA(5y)0.68%
ROE(3y)8.23%
ROE(5y)8.37%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
INBK has a Profit Margin of 8.33%. This is amonst the worse of the industry: INBK underperforms 90.02% of its industry peers.
In the last couple of years the Profit Margin of INBK has declined.
The Operating Margin and Gross Margin are not available for INBK so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 8.33% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-34.22%
PM growth 5Y-23.01%
GM growth 3YN/A
GM growth 5YN/A
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 less shares outstanding
INBK has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, INBK has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of INBK is 16.61, which is on the high side as it means it would take INBK, 16.61 years of fcf income to pay off all of its debts.
INBK's Debt to FCF ratio of 16.61 is on the low side compared to the rest of the industry. INBK is outperformed by 83.70% of its industry peers.
INBK has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
INBK has a Debt to Equity ratio (0.29) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 16.61 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.01%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for INBK have decreased strongly by -68.38% in the last year.
The earnings per share for INBK have been decreasing by -14.23% on average. This is quite bad
Looking at the last year, INBK shows a very negative growth in Revenue. The Revenue has decreased by -14.63% in the last year.
The Revenue has been growing slightly by 7.28% on average over the past years.
EPS 1Y (TTM)-68.38%
EPS 3Y-28.27%
EPS 5Y-14.23%
EPS growth Q2Q-29.41%
Revenue 1Y (TTM)-14.63%
Revenue growth 3Y0.08%
Revenue growth 5Y7.28%
Revenue growth Q2Q-0.99%
3.2 Future
The Earnings Per Share is expected to grow by 85.37% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 19.18% on average over the next years. This is quite good.
EPS Next Y158.63%
EPS Next 2Y85.37%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.79%
Revenue Next 2Y19.18%
Revenue Next 3YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 26.17, INBK can be considered very expensive at the moment.
INBK's Price/Earnings ratio is rather expensive when compared to the industry. INBK is more expensive than 89.54% of the companies in the same industry.
When comparing the Price/Earnings ratio of INBK to the average of the S&P500 Index (25.25), we can say INBK is valued inline with the index average.
With a Price/Forward Earnings ratio of 10.12, the valuation of INBK can be described as very reasonable.
INBK's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.67. INBK is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.17 | ||
| Fwd PE | 10.12 |
4.2 Price Multiples
85.16% of the companies in the same industry are cheaper than INBK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
INBK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as INBK's earnings are expected to grow with 85.37% in the coming years.
PEG (NY)0.16
PEG (5Y)N/A
EPS Next 2Y85.37%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.73%, INBK is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.89, INBK's dividend is way lower than its industry peers. On top of this 86.37% of the companies listed in the same industry pay a better dividend than INBK!
Compared to an average S&P500 Dividend Yield of 2.45, INBK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
5.2 History
The dividend of INBK has a limited annual growth rate of 0.27%.
INBK has paid a dividend for at least 10 years, which is a reliable track record.
INBK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.27%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
25.63% of the earnings are spent on dividend by INBK. This is a low number and sustainable payout ratio.
INBK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP25.63%
EPS Next 2Y85.37%
EPS Next 3YN/A
FIRST INTERNET BANCORP
NASDAQ:INBK (4/25/2024, 11:22:10 AM)
30.62
-2.65 (-7.97%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap265.17M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.17 | ||
| Fwd PE | 10.12 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.16
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.16% | ||
| ROE | 2.32% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 8.33% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-68.38%
EPS 3Y-28.27%
EPS 5Y
EPS growth Q2Q
EPS Next Y158.63%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-14.63%
Revenue growth 3Y0.08%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y