Financial Snapshot

Revenue
$214.1M
TTM
Gross Margin
Net Earnings
$22.09M
TTM
Current Assets
Current Liabilities
$20.35M
Q3 2024
Current Ratio
Total Assets
$5.823B
Q3 2024
Total Liabilities
$5.438B
Q3 2024
Book Value
$385.1M
Q3 2024
Cash
Q3 2024
P/E
16.38
Nov 29, 2024 EST
Free Cash Flow
$28.96M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $239.4M $156.9M $133.9M $136.9M $147.4M $115.5M $84.70M $58.90M $41.45M $31.22M $25.54M $24.37M
YoY Change 52.6% 17.2% -2.17% -7.16% 27.67% 36.33% 43.8% 42.11% 32.78% 22.24% 4.77%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $239.4M $156.9M $133.9M $136.9M $147.4M $115.5M $84.70M $58.90M $41.45M $31.22M $25.54M $24.37M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.748M $8.729M $8.775M $7.831M $6.926M $5.667M $5.299M $3.799M $1.942M $1.904M $2.257M $2.862M $250.0K $360.0K
YoY Change -34.15% -0.52% 12.05% 13.07% 22.22% 6.94% 39.48% 95.62% 2.0% -15.64% -21.14% 1044.8% -30.56%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $164.5M $59.82M $47.33M $72.32M $84.45M $53.20M $30.72M $19.21M $10.69M $8.928M $8.088M $8.532M
YoY Change 175.08% 26.39% -34.56% -14.36% 58.73% 73.21% 59.89% 79.63% 19.78% 10.39% -5.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income $4.940M $40.10M $56.57M $33.90M $27.16M $23.95M $22.93M $17.99M $13.67M $6.450M $6.159M $7.800M $4.000M $6.700M
YoY Change -87.68% -29.12% 66.89% 24.83% 13.38% 4.47% 27.48% 31.61% 111.86% 4.72% -21.04% 95.0% -40.3% -255.81%
Income Tax -$3.477M $4.559M $8.458M $4.445M $1.917M $2.052M $7.702M $5.911M $4.736M $2.126M $1.566M $2.194M $800.0K $1.700M
% Of Pretax Income -70.38% 11.37% 14.95% 13.11% 7.06% 8.57% 33.59% 32.87% 34.66% 32.96% 25.43% 28.13% 20.0% 25.37%
Net Earnings $8.417M $35.54M $48.11M $29.45M $25.24M $21.90M $15.23M $12.07M $8.929M $4.324M $4.593M $5.606M $3.200M $5.000M
YoY Change -76.32% -26.13% 63.36% 16.7% 15.25% 43.83% 26.11% 35.22% 106.5% -5.86% -18.07% 75.19% -36.0% -338.1%
Net Earnings / Revenue 3.52% 22.65% 35.94% 21.52% 17.12% 18.97% 17.98% 20.5% 21.54% 13.85% 17.99% 23.0%
Basic Earnings Per Share $0.95 $3.73 $4.85 $2.99 $2.51 $2.31 $2.14 $2.32 $1.97 $0.96 $1.51 $1.95
Diluted Earnings Per Share $0.95 $3.704M $4.82 $2.99 $2.51 $2.30 $2.13 $2.30 $1.96 $0.96 $1.51 $1.95 $1.103M $1.786M

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

No data

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

No data

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

No data

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $73.46M $72.71M $59.80M $37.60M $14.60M $10.70M $10.10M $10.00M $8.500M $7.100M $7.100M $800.0K $800.0K $900.0K
YoY Change 1.03% 21.59% 59.04% 157.53% 36.45% 5.94% 1.0% 17.65% 19.72% 0.0% 787.5% 0.0% -11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $5.168B $4.543B $4.211B $4.246B $4.100B $3.542B $2.768B $1.854B $1.270B $970.5M $802.3M $636.4M $585.4M $503.9M
YoY Change
Accounts Payable $3.848M $2.913M $2.000M $1.400M $3.800M $1.100M $300.0K $100.0K $100.0K $100.0K $100.0K $100.0K $100.0K $100.0K
YoY Change 32.1% 45.65% 42.86% -63.16% 245.45% 266.67% 200.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Accrued Expenses $14.18M $14.51M $30.50M $48.40M $53.00M $21.50M $11.40M $10.90M $5.700M $5.300M $3.700M $3.500M $2.700M $1.700M
YoY Change -2.26% -52.42% -36.98% -8.68% 146.51% 88.6% 4.59% 91.23% 7.55% 43.24% 5.71% 29.63% 58.82%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.03M $17.43M $32.50M $49.80M $56.80M $22.60M $11.70M $11.00M $5.800M $5.400M $3.800M $3.600M $2.800M $1.800M
YoY Change 3.48% -46.38% -34.74% -12.32% 151.33% 93.16% 6.36% 89.66% 7.41% 42.11% 5.56% 28.57% 55.56%
Long-Term Debt $104.8M $104.5M $104.2M $79.60M $69.50M $33.90M $36.70M $36.60M $12.70M $2.900M $2.800M $0.00 $0.00 $0.00
YoY Change 0.29% 0.32% 30.9% 14.53% 105.01% -7.63% 0.27% 188.19% 337.93% 3.57%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $104.8M $104.5M $104.2M $79.60M $69.50M $33.90M $36.70M $36.60M $12.70M $2.900M $2.800M $0.00 $0.00 $0.00
YoY Change 0.29% 0.32% 30.9% 14.53% 105.01% -7.63% 0.27% 188.19% 337.93% 3.57%
Total Liabilities $4.805B $4.178B $3.831B $3.915B $3.795B $3.253B $2.544B $1.700B $1.166B $873.7M $711.4M $575.0M $530.0M $455.0M
YoY Change 15.0% 9.07% -2.16% 3.16% 16.67% 27.89% 49.59% 45.89% 33.4% 22.81% 23.72% 8.49% 16.48%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $361.88 Million

About First Internet Bancorp

First Internet Bancorp engages in the provision of online commercial and retail banking products and services. The company is headquartered in Fishers, Indiana and currently employs 287 full-time employees. The company went IPO on 2013-02-22. The Bank offers a range of commercial, small business, consumer and municipal banking products and services. The Bank conducts its consumer and small business deposit operations primarily through digital channels on a nationwide basis and have no traditional branch offices. Its consumer lending products are primarily originated on a nationwide basis through relationships with dealerships and financing partners. The Bank's commercial banking products and services are delivered through a relationship banking model and include commercial and industrial (C&I) banking, construction and investor commercial real estate, single tenant lease financing, public finance, healthcare finance, small business lending, commercial deposits, and treasury management.

Industry: State Commercial Banks Peers: AMERICAN NATIONAL BANKSHARES INC. Capital Bancorp Inc CIVISTA BANCSHARES, INC. FARMERS & MERCHANTS BANCORP INC SOUTHERN FIRST BANCSHARES INC MACATAWA BANK CORP PNC FINANCIAL SERVICES GROUP, INC.