What is First Internet Bancorp's subordinated debt, net?

First Internet Bancorp (INBK) reported subordinated debt, net of $105.47M in Q4 2025.

What does subordinated debt, net mean?

This represents long-term debt obligations that rank below other senior creditors in the event of liquidation. These instruments are often used to bolster regulatory capital ratios, specifically Tier 2 capital. The issuance of such debt reflects the bank's strategy for managing its capital structure and long-term financing costs.

First Internet Bancorp INBK Subordinated Debt, Net

Subordinated Debt, Net at other companies

WesBancoWSBC

$308.68M-14.3%

Horizon BancorpHBNC

$98.26M+76.2%

Fulton FinancialFULT

$367.72M+0.1%

USCB Financial Holdings, Inc.USCB

$9.83M—

Peoples Financial ServicesPFIS

$8.17M+1.3%

Northrim BanCorpNRIM

$15M—

Other financials

Income statement

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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

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Market cap$242.32M+1.5%

Enterprise value-$118.58M-289%

P/S21×—

Profitability

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Net margin218.7%—

FCF margin-413.2%—

Returns & leverage

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Return on equity-9%-15.0pp

Debt / equity0.7×-0.4×

Where this comes from

Reported directly by First Internet Bancorp in its filing.

Tagged under the XBRL concept inbk:SubordinatedDebtNet.

The official record: First Internet Bancorp’s 10-K, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Internet Bancorp's subordinated debt, net?: First Internet Bancorp (INBK) reported subordinated debt, net of $105.47M in Q4 2025.
What does subordinated debt, net mean?: This represents long-term debt obligations that rank below other senior creditors in the event of liquidation. These instruments are often used to bolster regulatory capital ratios, specifically Tier 2 capital. The issuance of such debt reflects the bank's strategy for managing its capital structure and long-term financing costs.