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First Internet Bancorp (INBK)

NASDAQ: INBK · Delayed Price · USD
29.41 -0.83 (-2.74%)
Sep 20, 2021 4:00 PM EDT - Market closed
Market Cap287.74M
Revenue (ttm)113.05M
Net Income (ttm)43.05M
Shares Out9.93M
EPS (ttm)4.33
PE Ratio6.80
Forward PE7.56
Dividend$0.24 (0.82%)
Ex-Dividend DateJun 30, 2021
Volume32,527
Open29.41
Previous Close30.24
Day's Range29.00 - 29.67
52-Week Range14.05 - 41.55
Beta0.82
AnalystsBuy
Price Target43.60 (+48.2%)
Est. Earnings DateOct 20, 2021

About INBK

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accept non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity and improvement, s...

IndustryBanks
Founded1999
CEODavid Becker
Employees255
Stock ExchangeNASDAQ
Ticker SymbolINBK
Full Company Profile

Financial Performance

In 2020, INBK's revenue was $91.55 million, an increase of 24.07% compared to the previous year's $73.79 million. Earnings were $29.45 million, an increase of 16.70%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for INBK stock is "Buy." The 12-month stock price forecast is 43.60, which is an increase of 48.25% from the latest price.

Price Target
$43.60
(48.25% upside)
Analyst Consensus: Buy

News

First Internet Bancorp to Pay Cash Dividend

FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be pay...

7 hours ago - Business Wire

First Internet Bancorp Completes Private Placement of $60 Million of 3.75% Fixed-to-Floating Rate Subordinated Notes

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today the completion of a private placement of $6...

1 month ago - Business Wire

First Internet Bancorp (INBK) Lags Q2 Earnings and Revenue Estimates

First Internet (INBK) delivered earnings and revenue surprises of -8.26% and -7.79%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Recap: First Internet Q2 Earnings

Shares of First Internet (NASDAQ:INBK) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 177.50% year over year to $1.11, which missed th...

1 month ago - Benzinga

First Internet Bancorp Reports Second Quarter 2021 Results

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the s...

1 month ago - Business Wire

First Internet Bancorp (INBK) Earnings Expected to Grow: Should You Buy?

First Internet (INBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

First Internet Bancorp to Announce Second Quarter 2021 Financial Results on Wednesday, July 21

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its second quar...

2 months ago - Business Wire

First Internet Bank Continues SBA Expansion - Adds New Business Development Officers

FISHERS, Ind.--(BUSINESS WIRE)-- #sales--First Internet Bank announced today that two new Business Development Officers, Melissa Fenner and Mike Pedicelli, have joined its Small Business Administration ...

2 months ago - Business Wire

Nicole Lorch Named President of First Internet Bancorp, Bank

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK) announced today that the Board of Directors has appointed Nicole Lorch as President and Chief Operating Officer of t...

2 months ago - Business Wire

First Internet Bancorp to Pay Cash Dividend

FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be pay...

2 months ago - Business Wire

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3 months ago - Zacks Investment Research

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3 months ago - Zacks Investment Research

First Internet Bank Named 2021 Top Workplace by Indianapolis Star

FISHERS, Ind.--(BUSINESS WIRE)-- #firstinternetbank--First Internet Bank is one of the Top Workplaces in Central Indiana, placing third among midsized companies (150-399 employees). This marks the eight...

3 months ago - Business Wire

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4 months ago - Zacks Investment Research

First Internet (INBK) Upgraded to Strong Buy: Here's Why

First Internet (INBK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

4 months ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for May 10th

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4 months ago - Zacks Investment Research

First Internet Bank Expands SBA Team

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank welcomes Samuel Criales, Thomas Hurdman, Laurel McNamara and Ben Woodward to its Small Business Administration (SBA) Lending team as Senior Business D...

4 months ago - Business Wire

Top Ranked Value Stocks to Buy for April 27th

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4 months ago - Zacks Investment Research

First Internet Bank Commits $250,000 to Hamilton County Community Foundation

FISHERS, Ind.--(BUSINESS WIRE)-- #banking--First Internet Bank announced today a contribution of $250,000 to the Hamilton County Community Foundation unrestricted endowment which will be awarded to not-...

4 months ago - Business Wire