First Internet Bancorp (INBK)
| Market Cap | 287.74M |
| Revenue (ttm) | 113.05M |
| Net Income (ttm) | 43.05M |
| Shares Out | 9.93M |
| EPS (ttm) | 4.33 |
| PE Ratio | 6.80 |
| Forward PE | 7.56 |
| Dividend | $0.24 (0.82%) |
| Ex-Dividend Date | Jun 30, 2021 |
| Volume | 32,527 |
| Open | 29.41 |
| Previous Close | 30.24 |
| Day's Range | 29.00 - 29.67 |
| 52-Week Range | 14.05 - 41.55 |
| Beta | 0.82 |
| Analysts | Buy |
| Price Target | 43.60 (+48.2%) |
| Est. Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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...
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...
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?
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...
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...
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.
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...
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 ...
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...
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...
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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...
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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.
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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...
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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-...