First Internet Bancorp (INBK)

NASDAQ: INBK · IEX Real-Time Price · USD
27.73
+0.36 (1.32%)
Feb 3, 2023, 4:00 PM EST - Market closed
1.32%
Market Cap 256.23M
Revenue (ttm) 119.44M
Net Income (ttm) 41.67M
Shares Out 9.24M
EPS (ttm) 4.27
PE Ratio 6.49
Forward PE 12.80
Dividend $0.24 (0.87%)
Ex-Dividend Date Sep 29, 2022
Volume 54,223
Open 27.48
Previous Close 27.37
Day's Range 27.30 - 28.00
52-Week Range 22.01 - 51.21
Beta 0.52
Analysts Buy
Price Target 29.99 (+8.15%)
Earnings Date Jan 26, 2023

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 accepts 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, ... [Read more]

Sector Financials
Founded 1999
Employees 282
Stock Exchange NASDAQ
Ticker Symbol INBK
Full Company Profile

Financial Performance

In 2021, INBK's revenue was $118.37 million, an increase of 29.29% compared to the previous year's $91.55 million. Earnings were $48.11 million, an increase of 63.36%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for INBK stock is "Buy." The 12-month stock price forecast is $29.99, which is an increase of 8.15% from the latest price.

Price Target
$29.99
(8.15% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Internet Bancorp (INBK) Q4 Earnings Miss Estimates

First Internet (INBK) delivered earnings and revenue surprises of -6.85% and 2.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

First Internet Bancorp Reports Fourth Quarter and Full Year 2022 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...

1 week ago - Business Wire

First Internet Bank Continues SBA Team Growth, Adds Senior Business Development Officer

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank announced today that Alan Peterson has joined the organization as Vice President, Senior Business Development Officer. The newest member of the Sm...

2 weeks ago - Business Wire

First Internet Bancorp to Announce Fourth Quarter 2022 Financial Results on Wednesday, January 25

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 fourth ...

1 month ago - Business Wire

First Internet Bancorp Authorizes Stock Repurchase Program

FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has authorized a new stock repurchase program (the “Program”) with an aggregate purcha...

1 month 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...

1 month ago - Business Wire

First Internet Bank Named “Best Bank” for the Tenth Consecutive Year

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank has been named one of the Best Banks to Work For by American Banker and Best Companies Group. This marks the tenth consecutive year the Bank has b...

2 months ago - Business Wire

First Internet Bancorp (INBK) Misses Q3 Earnings and Revenue Estimates

First Internet (INBK) delivered earnings and revenue surprises of -22.61% and 10.55%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

First Internet Bancorp Reports Third Quarter 2022 Results

FISHERS, Ind.

3 months ago - Business Wire

Experienced Senior Credit Officer Joins First Internet Bank Small Business Administration Team

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that David Bybee has joined its Small Business Administration (SBA) lending team as Vice President, Senior Credit Officer. In...

4 months ago - Business Wire

First Internet Bancorp to Announce Third Quarter 2022 Financial Results on Wednesday, October 19

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 third qua...

4 months ago - Business Wire

Business Development Officer Joins First Internet Bank SBA Team

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that Will Tinsley has joined its Small Business Administration (SBA) Lending team as Vice President, Senior Business Developm...

4 months ago - Business Wire

First Internet Bank Executive to Lead Women in Public Finance Indiana Chapter

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank today announced that Vice President, Portfolio Manager, Public Finance Kathryn “Katy” Clayton has been named President of the Board of Direct...

5 months ago - Business Wire

First Internet Bank Launches Do More Business™ Checking

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today it has launched Do More Business™ Checking, an account designed to help small business owners accomplish more in less time. A...

6 months ago - Business Wire

First Internet Bank Adds New Senior Business Development Officer to SBA Lending Team

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today the addition of Paul DePasquale to its Small Business Administration (SBA) Lending team as Vice President, Senior Business De...

6 months ago - Business Wire

First Internet Bancorp (INBK) Q2 Earnings and Revenues Miss Estimates

First Internet (INBK) delivered earnings and revenue surprises of -10% and 3.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

First Internet Bancorp Reports Second Quarter 2022 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...

7 months ago - Business Wire

First Internet Bancorp (INBK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

First Internet (INBK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

Will First Internet (INBK) Gain on Rising Earnings Estimates?

First Internet (INBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

7 months ago - Zacks Investment Research

Does First Internet (INBK) Have the Potential to Rally 44% as Wall Street Analysts Expect?

The consensus price target hints at a 43.6% upside potential for First Internet (INBK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings es...

7 months ago - Zacks Investment Research

First Internet Bancorp to Announce Second Quarter 2022 Financial Results on Wednesday, July 20

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 qu...

7 months ago - Business Wire

New Community Development Officer Joins First Internet Bank

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank has announced the addition of Nicole Woodson as Vice President, Community Reinvestment Act (CRA) and Community Development Officer. In this r...

7 months ago - Business Wire

First Internet Bank Takes Action to Lessen Inflationary Impact for Employees

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank announced today that it has raised its minimum hourly wage for full-time employees to $20.00. The move is in response to rising inflationary economi...

8 months ago - Business Wire

First Internet Bank Named 2022 Top Workplace by Indianapolis Star

FISHERS, Ind.--(BUSINESS WIRE)--For First Internet Bank, the streak of being named one of The Indianapolis Star's “Top Workplaces in Central Indiana” has reached its ninth consecutive year. The bank p...

9 months ago - Business Wire