First Internet Bancorp (FRA:45H)

First Internet Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	259.84	233.84	192.34	140.6	123.47
Interest Income on Investments	60.32	58.04	47.11	16.31	10.42
Total Interest Income	320.16	291.89	239.44	156.91	133.88
Interest Paid on Deposits	188.39	183.15	143.36	41.83	29.82
Interest Paid on Borrowings	18.01	21.36	21.18	17.98	17.51
Total Interest Expense	206.4	204.51	164.54	59.82	47.33
Net Interest Income	113.76	87.38	74.9	97.09	86.56
Net Interest Income Growth (YoY)	30.19%	16.65%	-22.85%	12.17%	34.11%
Mortgage Banking Activities	-	-	0.08	5.46	15.05
Gain (Loss) on Sale of Assets	-	-	-	-	2.52
Other Non-Interest Income	11.03	14.02	5.52	4.42	3.67
Total Non-Interest Income	2.71	47.35	26.13	21.26	32.84
Non-Interest Income Growth (YoY)	-94.27%	81.23%	22.90%	-35.28%	-9.61%
Revenues Before Loan Losses	116.47	134.72	101.03	118.35	119.4
Provision for Loan Losses	72.31	17.07	16.65	4.98	1.03
Revenue	44.16	117.65	84.38	113.37	118.37
Revenue Growth (YoY)	-62.47%	39.44%	-25.58%	-4.22%	29.29%
Salaries and Employee Benefits	51.03	49.94	44.06	39.52	35.83
Occupancy Expenses	13.67	11.9	10.6	10.69	7.06
Federal Deposit Insurance	6.11	5	3.88	1.15	1.21
Selling, General & Administrative	9.46	10.6	9.28	12.4	11.36
Other Non-Interest Expense	14.76	12.67	11.61	9.51	6.34
Total Non-Interest Expense	95.03	90.11	79.44	73.27	61.8
EBT Excluding Unusual Items	-50.87	27.54	4.94	40.1	56.57
Pretax Income	-50.87	27.54	4.94	40.1	56.57
Income Tax Expense	-15.7	2.27	-3.48	4.56	8.46
Net Income	-35.17	25.28	8.42	35.54	48.11
Net Income to Common	-35.17	25.28	8.42	35.54	48.11
Net Income Growth	-	200.30%	-76.32%	-26.13%	63.36%
Basic Shares Outstanding	9	9	9	10	10
Diluted Shares Outstanding	9	9	9	10	10
Shares Change (YoY)	-0.41%	-1.05%	-7.67%	-3.82%	1.36%
EPS (Basic)	-4.03	2.91	0.95	3.73	4.85
EPS (Diluted)	-4.03	2.88	0.95	3.70	4.82
EPS Growth	-	203.16%	-74.32%	-23.24%	61.20%
Dividend Per Share	0.240	0.240	0.240	0.240	0.240
Effective Tax Rate	-	8.23%	-	11.37%	14.95%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.