First Internet Bancorp

Company Profile

First Internet Bancorp had its IPO on 2004-12-28 under the ticker symbol INBK.

The company operates in the Financial Services sector and Banks-Regional industry. First Internet Bancorp has a staff strength of 314 employees.

Stock update

Shares of First Internet Bancorp opened at $1116.95 at the start of the last trading session i.e. 2023-09-13.

The stocks traded within a range of $1095 - $1119.5, and closed at $1100.75.

This is a -0.96% slip from the previous day's closing price.

A total volume of 2,428,618 shares were traded at the close of the day’s session.

In the last one week, shares of First Internet Bancorp have slipped by -0.1%.

First Internet Bancorp's Key Ratios

First Internet Bancorp has a market cap of $156.39 million, indicating a price to book ratio of 0.6819 and a price to sales ratio of 1.7801.

In the last 12-months First Internet Bancorp’s revenue was $90.71 million with a gross profit of $113.37 million and an EBITDA of $0. The EBITDA ratio measures First Internet Bancorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, First Internet Bancorp’s operating margin was 17.38% while its return on assets stood at 0.35% with a return of equity of 4.35%.

In Q2, First Internet Bancorp’s quarterly earnings growth was a negative -56% while revenue growth was a negative 22.5%.

First Internet Bancorp’s PE and PEG Ratio

Forward PE

12.8041

Trailing PE

10.7425

PEG

0

Its diluted EPS in the last 12-months stands at $1.67 per share while it has a forward price to earnings multiple of 12.8041 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Internet Bancorp’s profitability.

First Internet Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 1.7801.

First Internet Bancorp stock pays annual dividends of $0.24 per share, indicating a yield of 1.34% and a payout ratio of 12.83%.

Balance sheet and cash flow metrics

Total Assets

$4.95 billion

Total Liabilities

$3.34 million

Operating Cash Flow

$-56492000.00

Capital Expenditure

$428000

Dividend Payout Ratio

12.83%

First Internet Bancorp ended 2024 with $4.95 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $4.95 billion while shareholder equity stood at $354.33 million.

First Internet Bancorp ended 2024 with $0 in deferred long-term liabilities, $3.34 million in other current liabilities, 186545000.00 in common stock, $200.97 million in retained earnings and $4.69 million in goodwill. Its cash balance stood at $465.63 million and cash and short-term investments were $845.03 million. The company’s total short-term debt was $0 while long-term debt stood at $719.62 million.

First Internet Bancorp’s total current assets stands at $1.87 billion while long-term investments were $610.00 million and short-term investments were $379.39 million. Its net receivables were $1.02 billion compared to accounts payable of $3.34 million and inventory worth $0.

In 2024, First Internet Bancorp's operating cash flow was $-56492000.00 while its capital expenditure stood at $428000.

Comparatively, First Internet Bancorp paid $0.13 in dividends in 2024.

Other key metrics

Current Trading Price

$1100.75

52-Week High

$36.5572

52-Week Low

$9.6406

Analyst Target Price

$24.9

First Internet Bancorp stock is currently trading at $1100.75 per share. It touched a 52-week high of $36.5572 and a 52-week low of $36.5572. Analysts tracking the stock have a 12-month average target price of $24.9.

Its 50-day moving average was $957.42 and 200-day moving average was $931.51 The short ratio stood at 2.85 indicating a short percent outstanding of 0%.

Around 838.5% of the company’s stock are held by insiders while 7533.5% are held by institutions.