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FIRST INTERNET BANCORP (INBK) Stock Fundamental Analysis

NASDAQ:INBK - Nasdaq - US3205571017 - Common Stock - Currency: USD

22.56  +0.52 (+2.36%)

After market: 22.56 0 (0%)

Fundamental Rating

4

Taking everything into account, INBK scores 4 out of 10 in our fundamental rating. INBK was compared to 397 industry peers in the Banks industry. INBK has a bad profitability rating. Also its financial health evaluation is rather negative. INBK is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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2

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.
In the past 5 years INBK has always 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's Return On Assets of 0.44% is on the low side compared to the rest of the industry. INBK is outperformed by 78.34% of its industry peers.
INBK has a Return On Equity of 6.58%. This is in the lower half of the industry: INBK underperforms 65.24% of its industry peers.
Industry RankSector Rank
ROA 0.44%
ROE 6.58%
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's Profit Margin of 18.76% is on the low side compared to the rest of the industry. INBK is outperformed by 65.49% 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 RankSector Rank
OM N/A
PM (TTM) 18.76%
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.
INBK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, INBK has less shares outstanding
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 to FCF ratio of 10.11. This is a negative value and a sign of low solvency as INBK would need 10.11 years to pay back of all of its debts.
With a Debt to FCF ratio value of 10.11, INBK is not doing good in the industry: 79.09% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.27 indicates that INBK is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.27, INBK is not doing good in the industry: 65.49% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 10.11
Altman-Z N/A
ROIC/WACCN/A
WACC25.48%
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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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 26.84% over the past year.
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.
Looking at the last year, INBK shows a very strong growth in Revenue. The Revenue has grown by 33.35%.
The Revenue has been growing by 11.04% on average over the past years. This is quite good.
EPS 1Y (TTM)26.84%
EPS 3Y-15.14%
EPS 5Y2.86%
EPS Q2Q%-81.36%
Revenue 1Y (TTM)33.35%
Revenue growth 3Y4.11%
Revenue growth 5Y11.04%
Sales Q2Q%62.01%

3.2 Future

INBK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.85% yearly.
Based on estimates for the next years, INBK will show a very strong growth in Revenue. The Revenue will grow by 23.42% on average per year.
EPS Next Y45.63%
EPS Next 2Y33.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year30.9%
Revenue Next 2Y23.42%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
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 50M 100M
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 1 2 3 4 5

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.36, the valuation of INBK can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of INBK indicates a rather cheap valuation: INBK is cheaper than 82.62% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of INBK to the average of the S&P500 Index (28.10), we can say INBK is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.36, the valuation of INBK can be described as very cheap.
Based on the Price/Forward Earnings ratio, INBK is valued cheaper than 96.73% of the companies in the same industry.
INBK is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.36
Fwd PE 4.36
INBK Price Earnings VS Forward Price EarningsINBK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, INBK is valued a bit more expensive than the industry average as 71.79% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 18.87
EV/EBITDA N/A
INBK Per share dataINBK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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 33.85% in the coming years.
PEG (NY)0.21
PEG (5Y)3.27
EPS Next 2Y33.85%
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.13%, INBK has a reasonable but not impressive dividend return.
In the last 3 months the price of INBK has falen by -31.86%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
With a Dividend Yield of 1.13, INBK pays less dividend than the industry average, which is at 3.49. 81.36% of the companies listed in the same industry pay a better dividend than INBK!
With a Dividend Yield of 1.13, INBK pays less dividend than the S&P500 average, which is at 2.43.
Industry RankSector Rank
Dividend Yield 1.13%

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 Years10
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

INBK pays out 8.22% of its income as dividend. This is a sustainable payout ratio.
DP8.22%
EPS Next 2Y33.85%
EPS Next 3YN/A
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 (5/5/2025, 8:18:49 PM)

After market: 22.56 0 (0%)

22.56

+0.52 (+2.36%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-22 2025-07-22/amc
Inst Owners73.22%
Inst Owner Change-0.93%
Ins Owners7.63%
Ins Owner Change-0.22%
Market Cap196.27M
Analysts76.36
Price Target38.35 (69.99%)
Short Float %0.57%
Short Ratio0.88
Dividend
Industry RankSector Rank
Dividend Yield 1.13%
Yearly Dividend0.24
Dividend Growth(5Y)-0.26%
DP8.22%
Div Incr Years0
Div Non Decr Years10
Ex-Date03-31 2025-03-31 (0.06)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.62%
Min EPS beat(2)-11.17%
Max EPS beat(2)-6.07%
EPS beat(4)1
Avg EPS beat(4)-4.21%
Min EPS beat(4)-11.17%
Max EPS beat(4)7.92%
EPS beat(8)4
Avg EPS beat(8)-9.43%
EPS beat(12)5
Avg EPS beat(12)-8.64%
EPS beat(16)8
Avg EPS beat(16)-5.37%
Revenue beat(2)1
Avg Revenue beat(2)18.98%
Min Revenue beat(2)-9.19%
Max Revenue beat(2)47.15%
Revenue beat(4)1
Avg Revenue beat(4)7.61%
Min Revenue beat(4)-9.19%
Max Revenue beat(4)47.15%
Revenue beat(8)2
Avg Revenue beat(8)2.29%
Revenue beat(12)6
Avg Revenue beat(12)4.95%
Revenue beat(16)10
Avg Revenue beat(16)10.92%
PT rev (1m)-7.84%
PT rev (3m)-9.18%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.32%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)11.07%
Valuation
Industry RankSector Rank
PE 9.36
Fwd PE 4.36
P/S 1.46
P/FCF 18.87
P/OCF 15.11
P/B 0.51
P/tB 0.52
EV/EBITDA N/A
EPS(TTM)2.41
EY10.68%
EPS(NY)5.18
Fwd EY22.95%
FCF(TTM)1.2
FCFY5.3%
OCF(TTM)1.49
OCFY6.62%
SpS15.49
BVpS44.15
TBVpS43.61
PEG (NY)0.21
PEG (5Y)3.27
Profitability
Industry RankSector Rank
ROA 0.44%
ROE 6.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 18.76%
GM N/A
FCFM 7.72%
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
ROICexcg growth 3YN/A
ROICexcg 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-Score7
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 10.11
Debt/EBITDA N/A
Cap/Depr 30.64%
Cap/Sales 1.92%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 41.15%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC25.48%
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)26.84%
EPS 3Y-15.14%
EPS 5Y2.86%
EPS Q2Q%-81.36%
EPS Next Y45.63%
EPS Next 2Y33.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)33.35%
Revenue growth 3Y4.11%
Revenue growth 5Y11.04%
Sales Q2Q%62.01%
Revenue Next Year30.9%
Revenue Next 2Y23.42%
Revenue Next 3YN/A
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 1Y64.74%
FCF growth 3Y-25.3%
FCF growth 5YN/A
OCF growth 1Y11.23%
OCF growth 3Y-38.12%
OCF growth 5YN/A