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First Internet Bancorp

INBK

First Internet Bancorp is a bank holding company that operates primarily through First Internet Bank of Indiana, a pioneer in the digital-only banking space.

Market cap
$235.7M+14.4%
Revenue$124.1M-12.1%
Net income-$37.9M-250%
Free cash flow$44.8M-27.5%
EPS (diluted)-$4.34-250%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Today)
Revenue estimate$43.8M
EPS estimate$0.15

Financials

Q1 2026

Income statement

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Revenue$43.1M+21.4%
Net income$2.5M+166%
EPS (diluted)$0.29+164%

Balance sheet

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Cash & equivalents$601.8M+52.6%
Total debt$240.9M-39.0%
Total equity$361.0M-6.9%
Total assets$5.7B-2.4%

Cash flow

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Operating cash flow$75.6M+130%
CapEx$299.0K+62.5%
Free cash flow$75.3M+131%

Valuation & ratios

Valuation

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Market cap$235.7M+14.4%
Enterprise value-$125.2M-749%
P/S1.9×

Returns & leverage

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Debt / equity0.7×-0.4×

Segments

By product

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Service charges and fees$844.0K+218%
Loan servicing asset revaluation-$1.1M+10.2%

Competitors

Profile

First Internet Bancorp is a bank holding company that operates primarily through First Internet Bank of Indiana, a pioneer in the digital-only banking space. The company provides a comprehensive suite of commercial, small business, consumer, and municipal banking products nationwide without a traditional physical branch network. Its value proposition centers on leveraging a highly scalable digital platform to deliver relationship-based banking and specialized lending solutions.

Competitive position

A leading nationwide digital-only bank and a top-ranked SBA 7(a) lender that competes through technology-driven efficiency and specialized commercial lending niches.

GeographiesUnited States, Midwest US, Southwest US
Customer segmentsSmall and Medium Enterprises (SME), Municipalities, Retail Consumers, Fintech Companies
Business modelDigital-only Banking, B2B Lending, Banking-as-a-Service (BaaS)
SuppliersFederal Reserve System, Federal Home Loan Bank (FHLB), Technology and Core Banking Software Providers, Credit Rating Agencies
CustomersSmall Business Administration (SBA), State and Local Governments, Commercial Borrowers, Retail Depositors, Fintech Platforms
Listed2004
Employees326.0
CEODavid Becker
FilingsSEC EDGAR

Questions, answered.

What is First Internet Bancorp's market cap?
First Internet Bancorp (INBK) has a market capitalization of $235.7M and trades on NASDAQ.
What is First Internet Bancorp's revenue and profitability?
First Internet Bancorp generated $124.1M in trailing twelve-month revenue with a net loss of $37.9M, representing a net margin of 218.7%, with free cash flow of $44.8M. These figures are based on the Q1 2026 filing.
Who are First Internet Bancorp's competitors?
First Internet Bancorp's key competitors include First Financial Bankshares Inc, CUSTOMERS BANCORP INC, First Financial Bancorp, and others. These companies compete in similar markets and product categories.
What subsidiaries does First Internet Bancorp have?
First Internet Bancorp's subsidiaries include First Internet Bank of Indiana, First Internet Public Finance Corp., JKH Realty Services, LLC, and others.
Where is First Internet Bancorp headquartered?
First Internet Bancorp is headquartered in United States of America and employs approximately 326 people. It has been publicly traded since 2004.