INBK

Company Overview — What Does First Internet Bancorp Do?

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity and improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; franchise finance; and small business lending. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of municipal finance lending and leasing products to government entities. In addition, it offers corporate credit card and treasury management services. The company provides its services through its firstib.com Website. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana. First Internet Bancorp (INBK) is classified as a micro-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO David B. Becker and employs approximately 290 people, headquartered in FISHERS, Indiana. With a market capitalization of $179M, INBK is one of the notable companies in the Financials sector.

First Internet Bancorp (INBK) Stock Rating — Reduce (April 2026)

As of April 2026, First Internet Bancorp receives a Reduce rating with a composite score of 31.3/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.INBK ranks #3,452 out of 4,446 stocks in our coverage universe. Within the Financials sector, First Internet Bancorp ranks #782 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

INBK Stock Price and 52-Week Range

First Internet Bancorp (INBK) currently trades at $23.59. The 52-week high for INBK is $30.00, which means the stock is currently trading -21.4% from its annual peak. The 52-week low is $17.05, putting the stock 38.4% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is INBK Overvalued or Undervalued? — Valuation Analysis

First Internet Bancorp (INBK) carries a value factor score of 22/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.55x, versus the sector average of 1.22x. The price-to-sales ratio is 0.62x, compared to 0.90x for the average Financials stock.

At current multiples, First Internet Bancorp trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

First Internet Bancorp Profitability — ROE, Margins, and Quality Score

First Internet Bancorp (INBK) earns a quality factor score of 25/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -9.3%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.6% versus the sector average of 1.2%.

On a margin basis, First Internet Bancorp reports gross margins of 500.0%. The operating margin is -14.2% (sector: 21.8%). Net profit margin stands at -9.6%, versus 17.7% for the average Financials stock. Revenue growth is running at 160.8% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

INBK Debt, Balance Sheet, and Financial Health

First Internet Bancorp has a debt-to-equity ratio of 69.0%, compared to the Financials sector average of 121.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.07x, suggesting adequate working capital coverage. Total debt on the balance sheet is $250M. Cash and equivalents stand at $11M.

INBK has a beta of 1.00, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for First Internet Bancorp is 51/100, reflecting average volatility within the normal range for its sector.

First Internet Bancorp Revenue and Earnings History — Quarterly Trend

In TTM 2026, First Internet Bancorp reported revenue of $317M and earnings per share (EPS) of $-4.03. Net income for the quarter was $-33M. Gross margin was 500.0%. Operating income came in at $-49M.

In FY 2025, First Internet Bancorp reported revenue of $320M and earnings per share (EPS) of $-4.03. Net income for the quarter was $-35M. Revenue grew 9.7% year-over-year compared to FY 2024. Operating income came in at $-51M.

In Q3 2025, First Internet Bancorp reported revenue of $84M and earnings per share (EPS) of $-4.76. Net income for the quarter was $-42M. Revenue grew 12.5% year-over-year compared to Q3 2024. Operating income came in at $-55M.

In Q2 2025, First Internet Bancorp reported revenue of $81M and earnings per share (EPS) of $0.02. Net income for the quarter was $193,000. Revenue grew 150.0% year-over-year compared to Q2 2024. Operating income came in at $-2M.

Over the past 8 quarters, First Internet Bancorp has demonstrated a growth trajectory, with revenue expanding from $32M to $317M. Investors analyzing INBK stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

INBK Dividend Yield and Income Analysis

First Internet Bancorp (INBK) currently pays a dividend yield of 1.1%. At this yield, a $10,000 investment in INBK stock would generate approximately $$107.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning INBK yields less than the typical sector peer.

INBK Momentum and Technical Analysis Profile

First Internet Bancorp (INBK) has a momentum factor score of 30/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 57/100 reflects moderate short selling activity.

INBK vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, First Internet Bancorp (INBK) ranks #782 out of 891 stocks based on the Blank Capital composite score. This places INBK in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing INBK against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full INBK vs S&P 500 (SPY) comparison to assess how First Internet Bancorp stacks up against the broader market across all factor dimensions.

INBK Next Earnings Date

No upcoming earnings date has been announced for First Internet Bancorp (INBK) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy INBK? — Investment Thesis Summary

The quantitative profile for First Internet Bancorp suggests caution. The quality score of 25/100 flags below-average profitability. The value score of 22/100 indicates premium valuation. Momentum is weak at 30/100, a headwind for near-term performance.

In summary, First Internet Bancorp (INBK) earns a Reduce rating with a composite score of 31.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on INBK stock.

Related Resources for INBK Investors

Explore more research and tools: INBK vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare INBK head-to-head with peers: INBK vs WTM, INBK vs OPY, INBK vs ACT.