Cash flow First Internet Bancorp

Equities

INBK

US3205571017

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2026-02-06 pm EST			5-day change	1st Jan Change
22.00 ^USD	+3.00%		+0.96%	+5.41%

Jan. 29	First Internet Bancorp, Q4 2025 Earnings Call, Jan 29, 2026
Jan. 29	Tranche Update on First Internet Bancorp's Equity Buyback Plan announced on October 22, 2025.	CI

39bcf705b8bb7ba25675c7708dd1fc.3Xvu2iKiqVR2jeSdPMSEhH6CE2GU9SL5C80N1nq-2sk.lQGGv0znzGYkvrHvY4zR5k3DakzdlxGYWvRnhjnsvaqSPLqISuPYJib_pQ

Published financial data: FIRST INTERNET BANCORP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest Income On Loans	121M	123M	141M	192M	234M
Interest Income On Investments	16.23M	10.42M	16.31M	47.1M	58.04M
Interest Income, Total	137M	134M	157M	239M	292M
Interest On Deposits	55.98M	29.82M	41.83M	143M	183M
Total Interest On Borrowings	16.34M	17.5M	17.98M	21.18M	21.36M
Interest Expense, Total	72.32M	47.33M	59.82M	165M	205M
Net Interest Income	64.54M	86.56M	97.09M	74.9M	87.38M
Total Mortgage Banking Activities	24.69M	15.05M	5.46M	76K	-
Gain (Loss) on Sale of Loans	8.3M	11.6M	11.37M	20.53M	33.33M
Gain (Loss) on Sale of Assets	-	2.52M	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	139K	-	-	-	-
Total Other Non Interest Income	3.21M	3.67M	4.42M	5.52M	14.02M
Non Interest Income, Total	36.34M	32.84M	21.26M	26.12M	47.34M
Revenues Before Provison For Loan Losses	101M	119M	118M	101M	135M
Provision For Loan Losses	9.32M	1.03M	4.98M	16.65M	17.07M
Total Revenues	91.55M	118M	113M	84.38M	118M
Salaries And Other Employee Benefits	32.12M	35.83M	39.52M	44.06M	49.94M
Occupancy Expense	5.48M	7.06M	10.69M	10.6M	11.9M
Federal Deposit Insurance	1.81M	1.21M	1.15M	3.88M	5M
Selling General & Admin Expenses, Total	9.72M	11.19M	12.4M	9.28M	10.6M
(Income) Loss on Real Estate Property	2.06M	-	-	-	-
Total Other Non Interest Expense	6.46M	6.34M	9.51M	11.61M	12.67M
Non Interest Expense, Total	57.65M	61.64M	73.27M	79.44M	90.11M
EBT, Excl. Unusual Items	33.9M	56.74M	40.1M	4.94M	27.54M
Total Merger & Related Restructuring Charges	-	-163K	-	-	-
EBT, Incl. Unusual Items	33.9M	56.57M	40.1M	4.94M	27.54M
Income Tax Expense	4.44M	8.46M	4.56M	-3.48M	2.27M
Earnings From Continuing Operations	29.45M	48.11M	35.54M	8.42M	25.28M
Net Income to Company	29.45M	48.11M	35.54M	8.42M	25.28M
Net Income - (IS)	29.45M	48.11M	35.54M	8.42M	25.28M
Net Income to Common Incl Extra Items	29.45M	48.11M	35.54M	8.42M	25.28M
Net Income to Common Excl. Extra Items	29.45M	48.11M	35.54M	8.42M	25.28M
Per Share Items
Net EPS - Basic	2.99	4.85	3.73	0.95	2.91
Basic EPS - Continuing Operations	2.99	4.85	3.73	0.95	2.91
Basic Weighted Average Shares Outstanding	9.84M	9.92M	9.53M	8.84M	8.69M
Net EPS - Diluted	2.99	4.82	3.7	0.95	2.88
Diluted EPS - Continuing Operations	2.99	4.82	3.7	0.95	2.88
Diluted Weighted Average Shares Outstanding	9.84M	9.98M	9.6M	8.86M	8.77M
Normalized Basic EPS	2.15	3.58	2.63	0.35	1.98
Normalized Diluted EPS	2.15	3.55	2.61	0.35	1.96
Dividend Per Share	0.24	0.24	0.24	0.24	0.24
Payout Ratio	7.98	5.02	6.52	25.61	8.22
Supplemental Items
Effective Tax Rate - (Ratio)	13.11	14.95	11.37	-70.38	8.23
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	8.56M	6.02M	-73K	876K	3.62M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-4.12M	2.43M	4.63M	-4.35M	-1.36M
Normalized Net Income	21.19M	35.46M	25.06M	3.09M	17.21M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	2.11M	2.39M	2.04M	1.26M	1.81M
Total Stock-Based Compensation	2.11M	2.39M	2.04M	1.26M	1.81M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	420M	443M	257M	406M	466M
Investment Securities, Total	264M	237M	210M	263M	251M
Trading Asset Securities, Total	3.36M	718K	8.88M	5.82M	200K
Mortgage Backed Securities	302M	426M	369M	439M	586M
Total investments	569M	663M	588M	708M	837M
Gross Loans	3.06B	2.89B	3.5B	3.84B	4.17B
Allowance For Loan Losses	-29.48M	-27.84M	-31.74M	-38.77M	-44.77M
Net Loans	3.03B	2.86B	3.47B	3.8B	4.13B
Gross Property Plant And Equipment	-	66.57M	83.61M	88.32M	90.92M
Accumulated Depreciation	-	-6.72M	-10.9M	-14.86M	-19.47M
Net Property Plant And Equipment	37.59M	59.84M	72.71M	73.46M	71.45M
Goodwill	4.69M	4.69M	4.69M	4.69M	4.69M
Investment in FHLB	25.65M	25.65M	28.35M	28.35M	28.35M
Loans Held For Sale	39.58M	47.74M	21.51M	22.05M	54.7M
Accrued Interest Receivable	47.72M	46.44M	57.05M	72.01M	28.18M
Restricted Cash	30.6M	15.7M	-	-	-
Other Real Estate Owned And Foreclosed	35K	1.22M	42K	392K	484K
Other Long-Term Assets, Total	41.52M	43.6M	46.11M	51.45M	120M
Total Assets	4.25B	4.21B	4.54B	5.17B	5.74B
Liabilities
Accrued Expenses, Total	47.55M	30.53M	14.51M	14.18M	17.74M
Interest Bearing Deposits	2.08B	2.73B	2.78B	3.24B	4.02B
Institutional Deposits	1.09B	327M	485M	704M	777M
Non-Interest Bearing Deposits	96.75M	118M	175M	123M	136M
Total Deposits	3.27B	3.18B	3.44B	4.07B	4.93B
Short-Term Borrowings	-	-	-	-	200K
Current Portion of Long-Term Debt	110M	110M	145M	255M	50M
Current Portion of Leases	423K	-	-	-	-
Long-Term Debt	79.6M	104M	105M	105M	105M
Federal Home Loan Bank Debt - Long-Term	405M	405M	470M	360M	245M
Long-Term Leases	396K	-	-	-	-
Accrued Interest Payable	1.44M	2.02M	2.91M	3.85M	2.5M
Total Liabilities	3.92B	3.83B	4.18B	4.8B	5.35B
Common Stock, Total	221M	219M	193M	185M	186M
Retained Earnings	127M	172M	206M	207M	231M
Comprehensive Income and Other	-17.2M	-11.04M	-33.64M	-29.38M	-32.65M
Total Common Equity	331M	380M	365M	363M	384M
Total Equity	331M	380M	365M	363M	384M
Total Liabilities And Equity	4.25B	4.21B	4.54B	5.17B	5.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.82M	9.68M	8.95M	8.66M	8.7M
ECS Total Common Shares Outstanding	9.8M	9.75M	9.07M	8.64M	8.67M
Book Value / Share	33.77	38.99	40.26	41.97	44.31
Tangible Book Value	326M	376M	360M	358M	379M
Tangible Book Value Per Share	33.29	38.51	39.74	41.43	43.77
Tangible Book Value Per Share (As Reported)	33.29	38.51	39.74	41.43	43.77
Average Assets	4.26B	4.21B	4.17B	4.97B	5.46B
Average Loans	3.03B	3B	3.14B	3.69B	4B
Total Debt	595M	619M	719M	720M	400M
Deposits at Interest - Cash	412M	435M	239M	398M	457M
Net Debt	172M	175M	454M	308M	-66.26M
Full Time Employees	255	282	314	287	323
Part Time Employees	2	4	5	3	3
Number Of Offices	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	29.45M	48.11M	35.54M	8.42M	25.28M
Depreciation, Depletion & Amortization	7.83M	8.78M	8.73M	5.75M	8.46M
Total Depreciation, Depletion & Amortization	7.83M	8.78M	8.73M	5.75M	8.46M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-31.12M	-29.4M	-17.47M	-21M	-33.33M
(Gain) Loss On Sale of Asset - (CF)	-	-2.52M	-	-	-27K
(Gain) Loss on Sale of Investments - (CF)	-2.21M	1.51M	-2.57M	-384K	4.77M
Total Asset Writedown	2.06M	-	-	-	-
Provision for Credit Losses	9.42M	1.75M	5.16M	16.8M	17.07M
Stock-Based Compensation (CF)	2.11M	2.39M	2.04M	1.26M	1.81M
Net (Increase) Decrease in Loans Originated / Sold - Operating	45.61M	17.42M	39.95M	14.54M	-7.67M
Change in Other Net Operating Assets (Collected)	1.09M	7.18M	7.68M	-8.32M	3.97M
Other Operating Activities	-51.18M	-373K	3.67M	-5.38M	-7.34M
Cash from Operations	13.07M	54.84M	82.72M	11.68M	12.99M
Capital Expenditure	-25.56M	-29.89M	-17.52M	-5.37M	-2.59M
Sale of Property, Plant, and Equipment	-	8.12M	-	-	-
Sale (Purchase) of Real Estate Properties (Collected)	-	-	1.19M	-	623K
Investment in Marketable and Equity Securities, Total	50.62M	-107M	33.91M	-112M	-138M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-69.87M	169M	-612M	-353M	-344M
Other Investing Activities, Total	-	4.43M	-6.21M	-4.46M	-12.85M
Cash from Investing	-44.81M	43.87M	-601M	-475M	-496M
Long-Term Debt Issued, Total	450M	499M	615M	475M	430M
Total Debt Issued	450M	499M	615M	475M	430M
Long-Term Debt Repaid, Total	-440M	-475M	-515M	-475M	-750M
Total Debt Repaid	-440M	-475M	-515M	-475M	-750M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-4.44M	-27.78M	-9.34M	-283K
Common Dividends Paid	-2.35M	-2.42M	-2.32M	-2.16M	-2.08M
Common & Preferred Stock Dividends Paid	-2.35M	-2.42M	-2.32M	-2.16M	-2.08M
Net Increase (Decrease) in Deposit Accounts - (CF)	117M	-91.93M	262M	624M	866M
Other Financing Activities, Total	-152K	-441K	-287K	-153K	-182K
Cash from Financing	124M	-75.56M	332M	612M	544M
Net Change in Cash	92.44M	23.15M	-186M	149M	60.51M
Supplemental Items
Cash Interest Paid	74.65M	46.75M	58.92M	164M	206M
Cash Income Tax Paid (Refund)	5.91M	7.04M	2M	939K	684K
Net Debt Issued / Repaid	9.76M	23.66M	100M	0	-320M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.71	1.14	0.81	0.17	0.46
Return On Equity %	9.26	13.53	9.54	2.31	6.77
Return on Common Equity	9.26	13.53	9.54	2.31	6.77
Shareholders Value Added	-8.7M	5.54M	-9.18M	-35.25M	-19.54M
Margin Analysis
SG&A Margin	51.69	45.69	55.22	75.78	61.57
Net Interest Income / Total Revenues %	70.5	73.12	85.64	88.77	74.27
EBT Excl. Non-Recurring Items Margin %	37.03	47.93	35.37	5.85	23.41
Income From Continuing Operations Margin %	32.17	40.65	31.35	9.98	21.48
Net Income Margin %	32.17	40.65	31.35	9.98	21.48
Net Avail. For Common Margin %	32.17	40.65	31.35	9.98	21.48
Normalized Net Income Margin	23.14	29.96	22.11	3.66	14.63
Asset quality
Nonperforming Loans / Total Loans %	0.33	0.26	0.22	0.26	0.68
Nonperforming Loans / Total Assets %	0.24	0.18	0.17	0.19	0.5
Nonperforming Assets / Total Assets %	0.24	0.2	0.17	0.2	0.5
NPAs / Loans and OREO	0.33	0.3	0.22	0.27	0.69
NPAs / Equity	3.09	2.27	2.07	2.85	7.53
Allowance for Credit Losses / Net Charge-offs %	1.75K	1.04K	2.94K	340.75	349.21
Allowance for Credit Losses / Nonperforming Loans %	289.54	376.18	421.53	389.22	157.52
Allowance for Credit Losses / Total Loans %	0.96	0.96	0.91	1.01	1.07
Net Charge-offs / Total Average Loans %	0.06	0.09	0.03	0.31	0.32
Provision for Loan Losses / Net Charge-offs %	554.73	38.53	460.41	146.35	133.15
Earning Assets / IBL	109.57	110.71	110.17	107.73	106.81
Interest Income / Average Assets	3.21	3.18	3.76	4.82	5.34
Interest Expense / Average Assets	1.7	1.13	1.43	3.31	3.74
Net Interest Income / Average Assets	1.51	2.06	2.33	1.51	1.6
Non Interest Income / Average Assets	0.85	0.78	0.51	0.53	0.87
Non Interest Expense / Average Asset	1.35	1.47	1.76	1.6	1.65
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.62	8.41	8.51	7.49	6.85
Total Average Equity / Total Average Assets %	7.62	8.41	8.51	7.49	6.85
Total Equity + Allowance for Loan Losses / Total Loans %	11.78	14.14	11.34	10.46	10.28
Gross Loans / Total Deposits %	93.53	90.84	101.69	94.42	84.54
Net Loans / Total Deposits %	92.63	89.96	100.77	93.47	83.63
Tier 1 Capital Ratio %	11.31	12.93	10.93	9.6	9.3
Total Capital Ratio %	14.91	17.37	14.75	13.23	12.62
Core Tier 1 Capital Ratio	11.31	12.93	10.93	9.6	9.3
Equity Tier 1 Capital Ratio	7.69	8.93	7.94	6.94	6.62
Coverage Ratio	240	254.49	126.22	389.22	241.72
Leverage Ratio %	7.95	9.22	9.06	7.33	6.9
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	3.07	4.23	3.23	1.23	2.29
EBT + Interest Expense / Interest Expense	1.47	2.2	1.67	1.03	1.13
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	2.5	34.11	12.17	-22.85	16.65
Non Interest Income, 1 Yr. Growth %	116.43	-9.61	-35.28	22.9	81.22
Provision For Loan Losses, 1 Yr. Growth %	56.3	-88.95	383.2	234.6	2.5
Total Revenues, 1 Yr. Growth %	24.07	29.29	-4.22	-25.58	39.44
Earnings From Cont. Operations, 1 Yr. Growth %	16.7	63.36	-26.13	-76.32	200.3
Net Income, 1 Yr. Growth %	16.7	63.36	-26.13	-76.32	200.3
Normalized Net Income, 1 Yr. Growth %	24.83	67.37	-29.12	-87.68	457.53
Diluted EPS Before Extra, 1 Yr. Growth %	19.12	61.2	-23.24	-74.32	203.16
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Gross Loans, 1 Yr. Growth %	3.23	-5.61	21.18	9.74	8.6
Allowance For Loan Losses, 1 Yr. Growth %	35	-5.57	13.99	22.17	15.46
Net Loans, 1 Yr. Growth %	2.99	-5.61	21.25	9.63	8.53
Non Performing Loans, 1 Yr. Growth %	54.76	-27.32	1.73	32.32	185.29
Non Performing Assets, 1 Yr. Growth %	17.18	-15.66	-12.15	36.76	179.17
Total Assets, 1 Yr. Growth %	3.56	-0.83	7.89	13.75	11.04
Total Deposits, 1 Yr Growth %	3.71	-2.81	8.25	18.18	21.3
Tangible Book Value, 1 Yr. Growth %	8.67	15.14	-4.09	-0.6	5.94
Average Interest Earning Assets, 1 Yr. Growth %	9.6	-1.94	-1.5	19.25	9.88
Average Interest Bearing Liabilities, 1 Yr. Growth %	8.78	-2.95	-1.01	21.94	10.83
Common Equity, 1 Yr. Growth %	8.54	14.93	-4.04	-0.6	5.86
Total Equity, 1 Yr. Growth %	8.54	14.93	-4.04	-0.6	5.86
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	1.81	17.24	22.65	-6.97	-5.14
Non Interest Income, 2 Yr. CAGR %	103.66	39.87	-23.51	-10.81	49.24
Provision For Loan Losses, 2 Yr. CAGR %	54.79	-58.45	-26.94	302.09	85.2
Total Revenues, 2 Yr. CAGR %	16.78	26.65	11.28	-15.57	1.87
Earnings From Cont. Operations, 2 Yr. CAGR %	15.97	38.07	9.85	-58.17	-15.67
Net Income, 2 Yr. CAGR %	15.97	38.07	9.85	-58.17	-15.67
Normalized Net Income, 2 Yr. CAGR %	18.96	44.54	8.76	-70.45	-17.12
Diluted EPS Before Extra, 2 Yr. CAGR %	14.02	38.58	11.24	-55.6	-11.77
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Gross Loans, 2 Yr. CAGR %	6.13	-1.29	6.95	15.32	9.17
Allowance For Loan Losses, 2 Yr. CAGR %	28.36	12.91	3.75	18.01	18.77
Net Loans, 2 Yr. CAGR %	5.96	-1.4	6.98	15.29	9.08
Non Performing Loans, 2 Yr. CAGR %	238.44	6.06	-14.01	16.02	94.29
Non Performing Assets, 2 Yr. CAGR %	70.67	-0.59	-13.92	9.61	95.39
Total Assets, 2 Yr. CAGR %	9.49	1.34	3.44	10.78	12.38
Total Deposits, 2 Yr CAGR %	10.65	0.4	2.57	13.11	19.73
Tangible Book Value, 2 Yr. CAGR %	7.17	11.86	5.09	-2.36	2.61
Average Interest Earning Assets, 2 Yr. CAGR %	18.28	3.67	-1.72	8.38	14.47
Average Interest Bearing Liabilities, 2 Yr. CAGR %	17.93	2.75	-1.98	9.87	16.25
Common Equity, 2 Yr. CAGR %	7.06	11.69	5.02	-2.33	2.58
Total Equity, 2 Yr. CAGR %	7.06	11.69	5.02	-2.33	2.58
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	6.14	11.6	15.53	5.09	0.32
Non Interest Income, 3 Yr. CAGR %	51.06	55.35	8.18	-10.41	12.96
Provision For Loan Losses, 3 Yr. CAGR %	24.16	-35.8	-5.86	21.32	154.96
Total Revenues, 3 Yr. CAGR %	15.35	20.81	15.39	-2.68	-0.2
Earnings From Cont. Operations, 3 Yr. CAGR %	24.6	30	12.09	-34.13	-19.31
Net Income, 3 Yr. CAGR %	24.6	30	12.09	-34.13	-19.31
Normalized Net Income, 3 Yr. CAGR %	13.92	33.3	13.87	-47.38	-21.33
Diluted EPS Before Extra, 3 Yr. CAGR %	11.97	27.97	13.81	-31.76	-15.77
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Gross Loans, 3 Yr. CAGR %	13.52	2.06	5.7	7.87	13.04
Allowance For Loan Losses, 3 Yr. CAGR %	25.35	15.87	13.27	9.56	17.16
Net Loans, 3 Yr. CAGR %	13.43	1.96	5.64	7.86	13
Non Performing Loans, 3 Yr. CAGR %	129.81	102.67	4.59	-0.73	56.6
Non Performing Assets, 3 Yr. CAGR %	20.14	34.93	-4.6	0.44	49.69
Total Assets, 3 Yr. CAGR %	15.33	5.94	3.48	6.77	10.86
Total Deposits, 3 Yr CAGR %	16.2	5.97	2.95	7.53	15.78
Tangible Book Value, 3 Yr. CAGR %	14.13	9.77	6.27	3.15	0.33
Average Interest Earning Assets, 3 Yr. CAGR %	22.75	11.12	1.92	4.82	8.88
Average Interest Bearing Liabilities, 3 Yr. CAGR %	22.17	10.51	1.48	5.42	10.19
Common Equity, 3 Yr. CAGR %	13.87	9.62	6.18	3.11	0.33
Total Equity, 3 Yr. CAGR %	13.87	9.62	6.18	3.11	0.33
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	15.98	16.88	12.46	3.76	6.77
Non Interest Income, 5 Yr. CAGR %	29.08	18.46	15.06	24.43	23.04
Provision For Loan Losses, 5 Yr. CAGR %	36.8	-24.96	0.43	33.74	23.4
Total Revenues, 5 Yr. CAGR %	18.64	19.08	13.7	4.68	9.78
Earnings From Cont. Operations, 5 Yr. CAGR %	26.96	31.85	18.48	-17.41	0.03
Net Income, 5 Yr. CAGR %	26.96	31.85	18.48	-17.41	0.03
Normalized Net Income, 5 Yr. CAGR %	19.93	25.83	11.83	-27.08	0.28
Diluted EPS Before Extra, 5 Yr. CAGR %	8.81	15.95	11.68	-16.21	2.79
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0
Gross Loans, 5 Yr. CAGR %	26.25	18.22	10.85	7.17	7.07
Allowance For Loan Losses, 5 Yr. CAGR %	28.7	20.45	16.22	16.72	15.44
Net Loans, 5 Yr. CAGR %	26.23	18.19	10.8	7.1	7
Non Performing Loans, 5 Yr. CAGR %	127.53	46.87	55.09	62.14	33.99
Non Performing Assets, 5 Yr. CAGR %	16.61	8.62	5.14	24.17	27.08
Total Assets, 5 Yr. CAGR %	27.31	17.83	10.42	7.85	6.95
Total Deposits, 5 Yr CAGR %	27.89	16.79	10.54	8.77	9.36
Tangible Book Value, 5 Yr. CAGR %	26.77	20.27	10.42	4.74	4.79
Average Interest Earning Assets, 5 Yr. CAGR %	31.1	20.73	12.3	10.01	6.76
Average Interest Bearing Liabilities, 5 Yr. CAGR %	31.23	20.24	11.87	10.25	7.15
Common Equity, 5 Yr. CAGR %	25.97	19.83	10.24	4.67	4.72
Total Equity, 5 Yr. CAGR %	25.97	19.83	10.24	4.67	4.72