First Internet Bancorp (INBK)

First Internet Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	241.07	233.84	192.34	140.6	123.47	120.63
Interest Income on Investments	59.48	58.04	47.11	16.31	10.42	16.23
Total Interest Income	300.55	291.89	239.44	156.91	133.88	136.86
Interest Paid on Deposits	188.65	183.15	143.36	41.83	29.82	55.98
Interest Paid on Borrowings	20.17	21.36	21.18	17.98	17.51	16.34
Total Interest Expense	208.81	204.51	164.54	59.82	47.33	72.32
Net Interest Income	91.74	87.38	74.9	97.09	86.56	64.54
Net Interest Income Growth (YoY)	20.61%	16.65%	-22.85%	12.17%	34.11%	2.50%
Mortgage Banking Activities	-	-	0.08	5.46	15.05	24.69
Gain (Loss) on Sale of Assets	-	-	-	-	2.52	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.14
Other Non-Interest Income	13.99	14.02	5.52	4.42	3.67	3.21
Total Non-Interest Income	49.43	47.35	26.13	21.26	32.84	36.34
Non-Interest Income Growth (YoY)	70.28%	81.23%	22.90%	-35.28%	-9.61%	116.43%
Revenues Before Loan Losses	141.16	134.72	101.03	118.35	119.4	100.88
Provision for Loan Losses	26.56	17.07	16.65	4.98	1.03	9.33
Revenue	114.61	117.65	84.38	113.37	118.37	91.55
Revenue Growth (YoY)	20.13%	39.44%	-25.58%	-4.22%	29.29%	24.07%
Salaries and Employee Benefits	51.7	49.94	44.06	39.52	35.83	32.12
Occupancy Expenses	12.19	11.9	10.6	10.69	7.06	6.4
Federal Deposit Insurance	5.25	5	3.88	1.15	1.21	1.81
Selling, General & Administrative	10.51	10.6	9.28	12.4	11.36	8.8
Other Non-Interest Expense	12.99	12.67	11.61	9.51	6.34	6.46
Total Non-Interest Expense	92.64	90.11	79.44	73.27	61.8	57.65
EBT Excluding Unusual Items	21.97	27.54	4.94	40.1	56.57	33.9
Pretax Income	21.97	27.54	4.94	40.1	56.57	33.9
Income Tax Expense	0.93	2.27	-3.48	4.56	8.46	4.45
Net Income	21.04	25.28	8.42	35.54	48.11	29.45
Net Income to Common	21.04	25.28	8.42	35.54	48.11	29.45
Net Income Growth	26.62%	200.30%	-76.32%	-26.13%	63.36%	16.70%
Basic Shares Outstanding	9	9	9	10	10	10
Diluted Shares Outstanding	9	9	9	10	10	10
Shares Change (YoY)	-0.18%	-1.05%	-7.67%	-3.82%	1.36%	-2.01%
EPS (Basic)	2.42	2.91	0.95	3.73	4.85	2.99
EPS (Diluted)	2.40	2.88	0.95	3.70	4.82	2.99
EPS Growth	27.37%	203.16%	-74.32%	-23.24%	61.20%	19.12%
Dividend Per Share	0.240	0.240	0.240	0.240	0.240	0.240
Effective Tax Rate	4.23%	8.23%	-	11.37%	14.95%	13.11%

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q