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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	250.66	233.84	192.34	140.6	123.47	120.63
Interest Income on Investments	59.81	58.04	47.11	16.31	10.42	16.23
Total Interest Income	310.48	291.89	239.44	156.91	133.88	136.86
Interest Paid on Deposits	190.95	183.15	143.36	41.83	29.82	55.98
Interest Paid on Borrowings	21.13	21.36	21.18	17.98	17.51	16.34
Total Interest Expense	212.07	204.51	164.54	59.82	47.33	72.32
Net Interest Income	98.4	87.38	74.9	97.09	86.56	64.54
Net Interest Income Growth (YoY)	24.17%	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	15.13	14.02	5.52	4.42	3.67	3.21
Total Non-Interest Income	43.95	47.35	26.13	21.26	32.84	36.34
Non-Interest Income Growth (YoY)	28.55%	81.23%	22.90%	-35.28%	-9.61%	116.43%
Revenues Before Loan Losses	142.35	134.72	101.03	118.35	119.4	100.88
Provision for Loan Losses	36.13	17.07	16.65	4.98	1.03	9.33
Revenue	106.22	117.65	84.38	113.37	118.37	91.55
Revenue Growth (YoY)	4.74%	39.44%	-25.58%	-4.22%	29.29%	24.07%
Salaries and Employee Benefits	50.32	49.94	44.06	39.52	35.83	32.12
Occupancy Expenses	12.32	11.9	10.6	10.69	7.06	6.4
Federal Deposit Insurance	5.65	5	3.88	1.15	1.21	1.81
Selling, General & Administrative	10.35	10.6	9.28	12.4	11.36	8.8
Other Non-Interest Expense	13.48	12.67	11.61	9.51	6.34	6.46
Total Non-Interest Expense	92.11	90.11	79.44	73.27	61.8	57.65
EBT Excluding Unusual Items	14.11	27.54	4.94	40.1	56.57	33.9
Pretax Income	14.11	27.54	4.94	40.1	56.57	33.9
Income Tax Expense	-1.35	2.27	-3.48	4.56	8.46	4.45
Net Income	15.46	25.28	8.42	35.54	48.11	29.45
Net Income to Common	15.46	25.28	8.42	35.54	48.11	29.45
Net Income Growth	-16.49%	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)	0.45%	-1.05%	-7.67%	-3.82%	1.36%	-2.01%
EPS (Basic)	1.77	2.91	0.95	3.73	4.85	2.99
EPS (Diluted)	1.76	2.88	0.95	3.70	4.82	2.99
EPS Growth	-16.66%	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	-	8.23%	-	11.37%	14.95%	13.11%

Updated May 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q