Logo image of INBK

FIRST INTERNET BANCORP (INBK) Stock Fundamental Analysis

NASDAQ:INBK - Nasdaq - US3205571017 - Common Stock - Currency: USD

19.66  -0.7 (-3.44%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to INBK. INBK was compared to 398 industry peers in the Banks industry. Both the profitability and financial health of INBK have multiple concerns. INBK is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

Quickly go to:

2

1. Profitability

1.1 Basic Checks

In the past year INBK was profitable.
INBK had a positive operating cash flow in the past year.
INBK had positive earnings in each of the past 5 years.
In the past 5 years INBK always reported a positive cash flow from operatings.
INBK Yearly Net Income VS EBIT VS OCF VS FCFINBK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M 80M

1.2 Ratios

INBK has a Return On Assets of 0.44%. This is in the lower half of the industry: INBK underperforms 78.14% of its industry peers.
INBK has a Return On Equity of 6.58%. This is in the lower half of the industry: INBK underperforms 65.33% of its industry peers.
Industry RankSector Rank
ROA 0.44%
ROE 6.58%
ROIC N/A
ROA(3y)0.46%
ROA(5y)0.64%
ROE(3y)6.21%
ROE(5y)8.04%
ROIC(3y)N/A
ROIC(5y)N/A
INBK Yearly ROA, ROE, ROICINBK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

Looking at the Profit Margin, with a value of 18.76%, INBK is doing worse than 65.33% of the companies in the same industry.
INBK's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for INBK so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 18.76%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-22.49%
PM growth 5Y-9.89%
GM growth 3YN/A
GM growth 5YN/A
INBK Yearly Profit, Operating, Gross MarginsINBK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

More info and screens

1

2. Health

2.1 Basic Checks

INBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, INBK has more shares outstanding
The number of shares outstanding for INBK has been reduced compared to 5 years ago.
INBK has a better debt/assets ratio than last year.
INBK Yearly Shares OutstandingINBK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
INBK Yearly Total Debt VS Total AssetsINBK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

INBK has a debt to FCF ratio of 10.11. This is a negative value and a sign of low solvency as INBK would need 10.11 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.11, INBK is doing worse than 77.64% of the companies in the same industry.
A Debt/Equity ratio of 0.27 indicates that INBK is not too dependend on debt financing.
INBK has a worse Debt to Equity ratio (0.27) than 64.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 10.11
Altman-Z N/A
ROIC/WACCN/A
WACC25.91%
INBK Yearly LT Debt VS Equity VS FCFINBK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
INBK Yearly Current Assets VS Current LiabilitesINBK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

More info and screens

9

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 26.84% over the past year.
The Earnings Per Share has been growing slightly by 2.86% on average over the past years.
Looking at the last year, INBK shows a very strong growth in Revenue. The Revenue has grown by 33.35%.
Measured over the past years, INBK shows a quite strong growth in Revenue. The Revenue has been growing by 11.04% on average per year.
EPS 1Y (TTM)26.84%
EPS 3Y-15.14%
EPS 5Y2.86%
EPS Q2Q%-81.36%
Revenue 1Y (TTM)33.35%
Revenue growth 3Y4.11%
Revenue growth 5Y11.04%
Sales Q2Q%62.01%

3.2 Future

Based on estimates for the next years, INBK will show a very strong growth in Earnings Per Share. The EPS will grow by 33.85% on average per year.
INBK is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.42% yearly.
EPS Next Y45.63%
EPS Next 2Y33.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year30.9%
Revenue Next 2Y23.42%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
INBK Yearly Revenue VS EstimatesINBK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M
INBK Yearly EPS VS EstimatesINBK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.16 indicates a reasonable valuation of INBK.
Based on the Price/Earnings ratio, INBK is valued cheaply inside the industry as 88.44% of the companies are valued more expensively.
INBK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.92.
A Price/Forward Earnings ratio of 3.80 indicates a rather cheap valuation of INBK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INBK indicates a rather cheap valuation: INBK is cheaper than 97.24% of the companies listed in the same industry.
INBK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.65.
Industry RankSector Rank
PE 8.16
Fwd PE 3.8
INBK Price Earnings VS Forward Price EarningsINBK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, INBK is valued a bit more expensive than the industry average as 68.09% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 16.45
EV/EBITDA N/A
INBK Per share dataINBK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as INBK's earnings are expected to grow with 33.85% in the coming years.
PEG (NY)0.18
PEG (5Y)2.85
EPS Next 2Y33.85%
EPS Next 3YN/A

More info and screens

4

5. Dividend

5.1 Amount

INBK has a yearly dividend return of 0.93%, which is pretty low.
In the last 3 months the price of INBK has falen by -39.37%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.63, INBK's dividend is way lower than its industry peers. On top of this 84.17% of the companies listed in the same industry pay a better dividend than INBK!
With a Dividend Yield of 0.93, INBK pays less dividend than the S&P500 average, which is at 2.51.
Industry RankSector Rank
Dividend Yield 0.93%

5.2 History

The dividend of INBK decreases each year by -0.26%.
INBK has paid a dividend for at least 10 years, which is a reliable track record.
INBK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.26%
Div Incr Years0
Div Non Decr Years10
INBK Yearly Dividends per shareINBK Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2

5.3 Sustainability

8.22% of the earnings are spent on dividend by INBK. This is a low number and sustainable payout ratio.
DP8.22%
EPS Next 2Y33.85%
EPS Next 3YN/A
INBK Yearly Income VS Free CF VS DividendINBK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M
INBK Dividend Payout.INBK Dividend Payout, showing the Payout Ratio.INBK Dividend Payout.PayoutRetained Earnings

More info and screens

FIRST INTERNET BANCORP

NASDAQ:INBK (4/25/2025, 12:59:58 PM)

19.66

-0.7 (-3.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-22 2025-07-22/amc
Inst Owners73.22%
Inst Owner Change0.22%
Ins Owners7.63%
Ins Owner Change-0.22%
Market Cap171.04M
Analysts76.36
Price Target38.35 (95.07%)
Short Float %0.5%
Short Ratio0.87
Dividend
Industry RankSector Rank
Dividend Yield 0.93%
Yearly Dividend0.24
Dividend Growth(5Y)-0.26%
DP8.22%
Div Incr Years0
Div Non Decr Years10
Ex-Date03-31 2025-03-31 (0.06)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.62%
Min EPS beat(2)-11.17%
Max EPS beat(2)-6.07%
EPS beat(4)1
Avg EPS beat(4)-4.21%
Min EPS beat(4)-11.17%
Max EPS beat(4)7.92%
EPS beat(8)4
Avg EPS beat(8)-9.43%
EPS beat(12)5
Avg EPS beat(12)-8.64%
EPS beat(16)8
Avg EPS beat(16)-5.37%
Revenue beat(2)1
Avg Revenue beat(2)18.98%
Min Revenue beat(2)-9.19%
Max Revenue beat(2)47.15%
Revenue beat(4)1
Avg Revenue beat(4)7.61%
Min Revenue beat(4)-9.19%
Max Revenue beat(4)47.15%
Revenue beat(8)2
Avg Revenue beat(8)2.29%
Revenue beat(12)6
Avg Revenue beat(12)4.95%
Revenue beat(16)10
Avg Revenue beat(16)10.92%
PT rev (1m)-2.94%
PT rev (3m)-9.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)11.07%
Valuation
Industry RankSector Rank
PE 8.16
Fwd PE 3.8
P/S 1.27
P/FCF 16.45
P/OCF 13.17
P/B 0.45
P/tB 0.45
EV/EBITDA N/A
EPS(TTM)2.41
EY12.26%
EPS(NY)5.18
Fwd EY26.34%
FCF(TTM)1.2
FCFY6.08%
OCF(TTM)1.49
OCFY7.6%
SpS15.49
BVpS44.15
TBVpS43.61
PEG (NY)0.18
PEG (5Y)2.85
Profitability
Industry RankSector Rank
ROA 0.44%
ROE 6.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 18.76%
GM N/A
FCFM 7.72%
ROA(3y)0.46%
ROA(5y)0.64%
ROE(3y)6.21%
ROE(5y)8.04%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-22.49%
PM growth 5Y-9.89%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 10.11
Debt/EBITDA N/A
Cap/Depr 30.64%
Cap/Sales 1.92%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 41.15%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC25.91%
ROIC/WACCN/A
Cap/Depr(3y)108.23%
Cap/Depr(5y)198.31%
Cap/Sales(3y)7.34%
Cap/Sales(5y)14.48%
Profit Quality(3y)99.94%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.84%
EPS 3Y-15.14%
EPS 5Y2.86%
EPS Q2Q%-81.36%
EPS Next Y45.63%
EPS Next 2Y33.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)33.35%
Revenue growth 3Y4.11%
Revenue growth 5Y11.04%
Sales Q2Q%62.01%
Revenue Next Year30.9%
Revenue Next 2Y23.42%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y64.74%
FCF growth 3Y-25.3%
FCF growth 5YN/A
OCF growth 1Y11.23%
OCF growth 3Y-38.12%
OCF growth 5YN/A