Financial Ratios First Internet Bancorp

Equities

INBK

US3205571017

Banks

Real-time Estimate Cboe BZX Other stock markets 12:34:25 2025-01-23 pm EST			5-day change	1st Jan Change
31.09 ^USD	-11.85%		-11.80%	-14.00%

Jan. 22	First Internet Bancorp Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2024	CI
Nov. 07	Tranche Update on First Internet Bancorp's Equity Buyback Plan announced on December 20, 2022.	CI

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Published financial data: FIRST INTERNET BANCORP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	122M	121M	123M	141M	192M
Interest Income On Investments	25.19M	16.23M	10.42M	16.31M	47.1M
Interest Income, Total	147M	137M	134M	157M	239M
Interest On Deposits	69.31M	55.98M	29.82M	41.83M	143M
Total Interest On Borrowings	15.13M	16.34M	17.5M	17.98M	21.18M
Interest Expense, Total	84.45M	72.32M	47.33M	59.82M	165M
Net Interest Income	62.97M	64.54M	86.56M	97.09M	74.9M
Total Mortgage Banking Activities	11.54M	24.69M	15.05M	5.46M	76K
Gain (Loss) on Sale of Loans	2.07M	8.3M	11.6M	11.37M	20.53M
Gain (Loss) on Sale of Assets	-	-	2.52M	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	42K	139K	-	-	-
Total Other Non Interest Income	3.13M	3.21M	3.67M	4.42M	5.52M
Non Interest Income, Total	16.79M	36.34M	32.84M	21.26M	26.12M
Revenues Before Provison For Loan Losses	79.76M	101M	119M	118M	101M
Provision For Loan Losses	5.97M	9.32M	1.03M	4.98M	16.65M
Total Revenues	73.79M	91.55M	118M	113M	84.38M
Salaries And Other Employee Benefits	25.33M	32.12M	35.83M	39.52M	44.06M
Occupancy Expense	5.3M	5.48M	7.06M	10.69M	10.6M
Federal Deposit Insurance	1.9M	1.81M	1.21M	1.15M	3.88M
Selling General & Admin Expenses, Total	9.24M	9.72M	11.19M	12.4M	9.28M
(Income) Loss on Real Estate Property	-	2.06M	-	-	-
Total Other Non Interest Expense	4.85M	6.46M	6.34M	9.51M	11.61M
Non Interest Expense, Total	46.63M	57.65M	61.64M	73.27M	79.44M
EBT, Excl. Unusual Items	27.16M	33.9M	56.74M	40.1M	4.94M
Total Merger & Related Restructuring Charges	-	-	-163K	-	-
EBT, Incl. Unusual Items	27.16M	33.9M	56.57M	40.1M	4.94M
Income Tax Expense	1.92M	4.44M	8.46M	4.56M	-3.48M
Earnings From Continuing Operations	25.24M	29.45M	48.11M	35.54M	8.42M
Net Income to Company	25.24M	29.45M	48.11M	35.54M	8.42M
Net Income - (IS)	25.24M	29.45M	48.11M	35.54M	8.42M
Net Income to Common Incl Extra Items	25.24M	29.45M	48.11M	35.54M	8.42M
Net Income to Common Excl. Extra Items	25.24M	29.45M	48.11M	35.54M	8.42M
Per Share Items
Net EPS - Basic	2.51	2.99	4.85	3.73	0.95
Basic EPS - Continuing Operations	2.51	2.99	4.85	3.73	0.95
Basic Weighted Average Shares Outstanding	10.04M	9.84M	9.92M	9.53M	8.84M
Net EPS - Diluted	2.51	2.99	4.82	3.7	0.95
Diluted EPS - Continuing Operations	2.51	2.99	4.82	3.7	0.95
Diluted Weighted Average Shares Outstanding	10.04M	9.84M	9.98M	9.6M	8.86M
Normalized Basic EPS	1.69	2.15	3.58	2.63	0.35
Normalized Diluted EPS	1.69	2.15	3.55	2.61	0.35
Dividend Per Share	0.24	0.24	0.24	0.24	0.24
Payout Ratio	9.58	7.98	5.02	6.52	25.61
Supplemental Items
Effective Tax Rate - (Ratio)	7.06	13.11	14.95	11.37	-70.38
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	6.32M	8.56M	6.02M	-73K	876K
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-4.4M	-4.12M	2.43M	4.63M	-4.35M
Normalized Net Income	16.97M	21.19M	35.46M	25.06M	3.09M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	1.68M	2.11M	2.39M	2.04M	1.26M
Total Stock-Based Compensation	1.68M	2.11M	2.39M	2.04M	1.26M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	326M	420M	443M	257M	406M
Investment Securities, Total	278M	264M	237M	210M	263M
Trading Asset Securities, Total	910K	3.36M	718K	8.88M	5.82M
Mortgage Backed Securities	325M	302M	426M	369M	439M
Total investments	604M	569M	663M	588M	708M
Gross Loans	2.96B	3.06B	2.89B	3.5B	3.84B
Allowance For Loan Losses	-21.84M	-29.48M	-27.84M	-31.74M	-38.77M
Net Loans	2.94B	3.03B	2.86B	3.47B	3.8B
Gross Property Plant And Equipment	23.8M	-	66.57M	83.61M	88.32M
Accumulated Depreciation	-9.16M	-	-6.72M	-10.9M	-14.86M
Net Property Plant And Equipment	14.63M	37.59M	59.84M	72.71M	73.46M
Goodwill	4.69M	4.69M	4.69M	4.69M	4.69M
Investment in FHLB	25.65M	25.65M	25.65M	28.35M	28.35M
Loans Held For Sale	56.1M	39.58M	47.74M	21.51M	22.05M
Accrued Interest Receivable	42.39M	47.72M	46.44M	57.05M	72.01M
Restricted Cash	44M	30.6M	15.7M	-	-
Other Real Estate Owned And Foreclosed	2.14M	35K	1.22M	42K	392K
Other Long-Term Assets, Total	39.48M	41.52M	43.6M	46.11M	51.45M
Total Assets	4.1B	4.25B	4.21B	4.54B	5.17B
Liabilities
Accrued Expenses, Total	13.46M	47.55M	30.53M	14.51M	14.18M
Interest Bearing Deposits	1.79B	2.08B	2.73B	2.78B	3.24B
Institutional Deposits	1.31B	1.09B	327M	485M	704M
Non-Interest Bearing Deposits	57.12M	96.75M	118M	175M	123M
Total Deposits	3.15B	3.27B	3.18B	3.44B	4.07B
Short-Term Borrowings	37.94M	-	-	-	-
Current Portion of Long-Term Debt	-	110M	110M	145M	255M
Current Portion of Leases	867K	423K	-	-	-
Long-Term Debt	69.53M	79.6M	104M	105M	105M
Federal Home Loan Bank Debt - Long-Term	515M	405M	405M	470M	360M
Long-Term Leases	735K	396K	-	-	-
Accrued Interest Payable	3.77M	1.44M	2.02M	2.91M	3.85M
Total Liabilities	3.8B	3.92B	3.83B	4.18B	4.8B
Common Stock, Total	219M	221M	219M	193M	185M
Retained Earnings	99.68M	127M	172M	206M	207M
Comprehensive Income and Other	-14.19M	-17.2M	-11.04M	-33.64M	-29.38M
Total Common Equity	305M	331M	380M	365M	363M
Total Equity	305M	331M	380M	365M	363M
Total Liabilities And Equity	4.1B	4.25B	4.21B	4.54B	5.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.75M	9.82M	9.68M	8.95M	8.66M
ECS Total Common Shares Outstanding	9.74M	9.8M	9.75M	9.07M	8.64M
Book Value / Share	31.3	33.77	38.99	40.26	41.97
Tangible Book Value	300M	326M	376M	360M	358M
Tangible Book Value Per Share	30.82	33.29	38.51	39.74	41.43
Tangible Book Value Per Share (As Reported)	30.82	33.29	38.51	39.74	41.43
Average Assets	3.89B	4.26B	4.21B	4.17B	4.97B
Average Loans	2.89B	3.03B	3B	3.14B	3.69B
Total Debt	624M	595M	619M	719M	720M
Deposits at Interest - Cash	322M	412M	435M	239M	398M
Net Debt	297M	172M	175M	454M	308M
Full Time Employees	227	255	282	314	287
Part Time Employees	4	2	4	5	3
Number Of Offices	2	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	25.24M	29.45M	48.11M	35.54M	8.42M
Depreciation, Depletion & Amortization	7.66M	7.83M	8.78M	8.73M	5.75M
Total Depreciation, Depletion & Amortization	7.66M	7.83M	8.78M	8.73M	5.75M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-12.35M	-31.12M	-29.4M	-17.47M	-21M
(Gain) Loss On Sale of Asset - (CF)	-	-	-2.52M	-	-
(Gain) Loss on Sale of Investments - (CF)	-213K	-2.21M	1.51M	-2.57M	-384K
Total Asset Writedown	-	2.06M	-	-	-
Provision for Credit Losses	5.97M	9.42M	1.75M	5.16M	16.8M
Stock-Based Compensation (CF)	1.68M	2.11M	2.39M	2.04M	1.26M
Net (Increase) Decrease in Loans Originated / Sold - Operating	-26.92M	45.61M	17.42M	39.95M	14.54M
Changes in Accrued Interest Receivable	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-39.29M	1.09M	7.18M	7.68M	-8.32M
Other Operating Activities	-5.34M	-51.18M	-373K	3.67M	-5.38M
Cash from Operations	-43.58M	13.07M	54.84M	82.72M	11.68M
Capital Expenditure	-4.1M	-25.56M	-29.89M	-17.52M	-5.37M
Sale of Property, Plant, and Equipment	-	-	8.12M	-	-
Sale (Purchase) of Real Estate Properties (Collected)	554K	-	-	1.19M	-
Investment in Marketable and Equity Securities, Total	-88.46M	50.62M	-107M	33.91M	-112M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-230M	-69.87M	169M	-612M	-353M
Other Investing Activities, Total	9.04M	-	4.43M	-6.21M	-4.46M
Cash from Investing	-313M	-44.81M	43.87M	-601M	-475M
Long-Term Debt Issued, Total	630M	450M	499M	615M	475M
Total Debt Issued	630M	450M	499M	615M	475M
Long-Term Debt Repaid, Total	-605M	-440M	-475M	-515M	-475M
Total Debt Repaid	-605M	-440M	-475M	-515M	-475M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-9.78M	-	-4.44M	-27.78M	-9.34M
Common Dividends Paid	-2.42M	-2.35M	-2.42M	-2.32M	-2.16M
Common & Preferred Stock Dividends Paid	-2.42M	-2.35M	-2.42M	-2.32M	-2.16M
Net Increase (Decrease) in Deposit Accounts - (CF)	483M	117M	-91.93M	262M	624M
Other Financing Activities, Total	-329K	-152K	-441K	-287K	-153K
Cash from Financing	495M	124M	-75.56M	332M	612M
Net Change in Cash	139M	92.44M	23.15M	-186M	149M
Supplemental Items
Cash Interest Paid	81.79M	74.65M	46.75M	58.92M	164M
Cash Income Tax Paid (Refund)	4.56M	5.91M	7.04M	2M	939K
Net Debt Issued / Repaid	25.42M	9.76M	23.66M	100M	0

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.66	0.71	1.14	0.81	0.17
Return On Equity %	8.5	9.26	13.53	9.54	2.31
Return on Common Equity	8.5	9.26	13.53	9.54	2.31
Shareholders Value Added	-10.38M	-8.7M	5.54M	-9.18M	-35.25M
Margin Analysis
SG&A Margin	54.05	51.69	45.69	55.22	75.78
Net Interest Income / Total Revenues %	85.33	70.5	73.12	85.64	88.77
EBT Excl. Non-Recurring Items Margin %	36.8	37.03	47.93	35.37	5.85
Income From Continuing Operations Margin %	34.2	32.17	40.65	31.35	9.98
Net Income Margin %	34.2	32.17	40.65	31.35	9.98
Net Avail. For Common Margin %	34.2	32.17	40.65	31.35	9.98
Normalized Net Income Margin	23	23.14	29.96	22.11	3.66
Asset quality
Nonperforming Loans / Total Loans %	0.22	0.33	0.26	0.22	0.26
Nonperforming Loans / Total Assets %	0.16	0.24	0.18	0.17	0.19
Nonperforming Assets / Total Assets %	0.21	0.24	0.2	0.17	0.2
NPAs / Loans and OREO	0.29	0.33	0.3	0.22	0.27
NPAs / Equity	2.86	3.09	2.27	2.07	2.85
Allowance for Credit Losses / Net Charge-offs %	1.08K	1.75K	1.04K	2.94K	340.75
Allowance for Credit Losses / Nonperforming Loans %	331.91	289.54	376.18	421.53	389.22
Allowance for Credit Losses / Total Loans %	0.74	0.96	0.96	0.91	1.01
Net Charge-offs / Total Average Loans %	0.07	0.06	0.09	0.03	0.31
Provision for Loan Losses / Net Charge-offs %	295.05	554.73	38.53	460.41	146.35
Earning Assets / IBL	108.75	109.57	110.71	110.17	107.73
Interest Income / Average Assets	3.79	3.21	3.18	3.76	4.82
Interest Expense / Average Assets	2.17	1.7	1.13	1.43	3.31
Net Interest Income / Average Assets	1.62	1.51	2.06	2.33	1.51
Non Interest Income / Average Assets	0.43	0.85	0.78	0.51	0.53
Non Interest Expense / Average Asset	1.2	1.35	1.47	1.76	1.6
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.77	7.62	8.41	8.51	7.49
Total Average Equity / Total Average Assets %	7.77	7.62	8.41	8.51	7.49
Total Equity + Allowance for Loan Losses / Total Loans %	11.03	11.78	14.14	11.34	10.46
Gross Loans / Total Deposits %	93.96	93.53	90.84	101.69	94.42
Net Loans / Total Deposits %	93.27	92.63	89.96	100.77	93.47
Tier 1 Capital Ratio %	10.84	11.31	12.93	10.93	9.6
Total Capital Ratio %	13.99	14.91	17.37	14.75	13.23
Core Tier 1 Capital Ratio	10.84	11.31	12.93	10.93	9.6
Equity Tier 1 Capital Ratio	7.33	7.69	8.93	7.94	6.94
Coverage Ratio	151.45	240	254.49	126.22	389.22
Leverage Ratio %	7.64	7.95	9.22	9.06	7.33
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	2.79	3.07	4.23	3.23	1.23
EBT + Interest Expense / Interest Expense	1.32	1.47	2.2	1.67	1.03
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	1.12	2.5	34.11	12.17	-22.85
Non Interest Income, 1 Yr. Growth %	91.66	116.43	-9.61	-35.28	22.9
Provision For Loan Losses, 1 Yr. Growth %	53.29	56.3	-88.95	383.2	234.6
Total Revenues, 1 Yr. Growth %	9.91	24.07	29.29	-4.22	-25.58
Earnings From Cont. Operations, 1 Yr. Growth %	15.25	16.7	63.36	-26.13	-76.32
Net Income, 1 Yr. Growth %	15.25	16.7	63.36	-26.13	-76.32
Normalized Net Income, 1 Yr. Growth %	13.38	24.83	67.37	-29.12	-87.68
Diluted EPS Before Extra, 1 Yr. Growth %	9.13	19.12	61.2	-23.24	-74.32
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Gross Loans, 1 Yr. Growth %	9.11	3.23	-5.61	21.18	9.74
Allowance For Loan Losses, 1 Yr. Growth %	22.04	35	-5.57	13.99	22.17
Net Loans, 1 Yr. Growth %	9.02	2.99	-5.61	21.25	9.63
Non Performing Loans, 1 Yr. Growth %	640.16	54.76	-27.32	1.73	32.32
Non Performing Assets, 1 Yr. Growth %	148.57	17.18	-15.66	-12.15	36.76
Total Assets, 1 Yr. Growth %	15.77	3.56	-0.83	7.89	13.75
Total Deposits, 1 Yr Growth %	18.07	3.71	-2.81	8.25	18.18
Tangible Book Value, 1 Yr. Growth %	5.7	8.67	15.14	-4.09	-0.6
Average Interest Earning Assets, 1 Yr. Growth %	27.65	9.6	-1.94	-1.5	19.25
Average Interest Bearing Liabilities, 1 Yr. Growth %