First Internet Bancorp (INBK) Stock Price, News & Analysis

Company Overview

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs). On the lending side, First Internet Bancorp provides residential mortgage loans, home equity lines of credit, personal loans, commercial real estate loans and small business loans. In addition, the company offers credit card services and robust treasury management solutions designed to help businesses optimize cash flow and manage receivables and payables efficiently.

First Internet Bancorp was founded in 1999 with the mission of redefining retail and business banking through innovation and customer-centric technology. The bank is a member of the FDIC and operates under state banking regulations. Its digital-first platform supports both web and mobile interfaces, enabling customers to access account management, payment services and financial tools 24/7. Leadership is headed by founder and Chief Executive Officer Stephen Leighton, whose experience in online banking has guided the company’s growth and product development initiatives.

Key Stats

• Today's Range: $24.07 to $25.02
• 50-Day Range: $21.46 to $27.76
• 52-Week Range: $19.54 to $43.26
• Volume: 34,070 shs
• Average Volume: 31,451 shs
• Market Capitalization: $209.91 million
• P/E Ratio: 13.69
• Dividend Yield: 1.00%
• Price Target: $27.33
• Consensus Rating: Hold

First Internet Bancorp Stock Analysis - MarketRank™

First Internet Bancorp scored higher than 86% of companies evaluated by MarketBeat, and ranked 258th out of 949 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.8 / 5
• Analyst Rating: Hold

Consensus Rating

First Internet Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Upside Potential

First Internet Bancorp has a consensus price target of $27.33, representing about 13.4% upside from its current price of $24.10.

Amount of Analyst Coverage

First Internet Bancorp has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 20.44%

Earnings Growth

Earnings for First Internet Bancorp are expected to grow by 20.44% in the coming year, from $4.11 to $4.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Internet Bancorp is 13.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Internet Bancorp is 13.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 244.43.

Price to Book Value per Share Ratio

First Internet Bancorp has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.98% of the float of First Internet Bancorp has been sold short.

Short Interest Ratio / Days to Cover

First Internet Bancorp has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Internet Bancorp has recently decreased by 14.90%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First Internet Bancorp pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First Internet Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First Internet Bancorp is 13.64%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, First Internet Bancorp will have a dividend payout ratio of 4.85% next year. This indicates that First Internet Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.98% of the float of First Internet Bancorp has been sold short.

Short Interest Ratio / Days to Cover

First Internet Bancorp has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Internet Bancorp has recently decreased by 14.90%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.84

News Sentiment

First Internet Bancorp has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 1.02 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for First Internet Bancorp this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Internet Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.00% of the stock of First Internet Bancorp is held by insiders.

Percentage Held by Institutions

65.46% of the stock of First Internet Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

INBK Stock Analysis - Frequently Asked Questions

How have INBK shares performed this year?

First Internet Bancorp's stock was trading at $35.99 at the start of the year. Since then, INBK shares have decreased by 33.0% and is now trading at $24.10.

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) posted its earnings results on Wednesday, July, 23rd. The bank reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.31. The bank earned $33.55 million during the quarter, compared to analyst estimates of $30.08 million. First Internet Bancorp had a trailing twelve-month return on equity of 3.03% and a net margin of 4.36%.
Read the conference call transcript.

Who are First Internet Bancorp's major shareholders?

First Internet Bancorp's top institutional shareholders include Patriot Financial Partners GP LP (4.60%), Geode Capital Management LLC (2.35%), CSM Advisors LLC (1.68%) and Fourthstone LLC (1.67%). Insiders that own company stock include David B Becker, Nicole S Lorch, John K Keach Jr, Aasif M Bade, Justin P Christian and Ann C Dee.
View institutional ownership trends.

How do I buy shares of First Internet Bancorp?

Shares of INBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of First Internet Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Internet Bancorp investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and e.l.f. Beauty (ELF).

Company Calendar

• Record date for 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Dividend Payable: 7/15/2025
• Last Earnings: 7/23/2025
• Today: 9/17/2025
• Record date for 10/15 Dividend: 9/30/2025
• Ex-Dividend for 10/15 Dividend: 9/30/2025
• Dividend Payable: 10/15/2025
• Next Earnings (Estimated): 10/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:INBK
• CIK: 1562463
• Web: www.firstinternetbancorp.com
• Phone: (317) 532-7900
• Fax: 317-532-7901
• Employees: 290
• Year Founded: 1999

Price Target and Rating

• Average Price Target for First Internet Bancorp: $27.33
• High Price Target: $29.00
• Low Price Target: $26.00
• Potential Upside/Downside: +13.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.76
• Trailing P/E Ratio: 13.69
• Forward P/E Ratio: 5.86
• P/E Growth: N/A
• Net Income: $25.28 million
• Net Margins: 4.36%
• Pretax Margin: 3.98%
• Return on Equity: 3.03%
• Return on Assets: 0.20%

Debt

• Debt-to-Equity Ratio: 0.95
• Current Ratio: 0.93
• Quick Ratio: 0.90

Sales & Book Value

• Annual Sales: $339.23 million
• Price / Sales: 0.62
• Cash Flow: $3.55 per share
• Price / Cash Flow: 6.79
• Book Value: $44.31 per share
• Price / Book: 0.54

Miscellaneous

• Outstanding Shares: 8,710,000
• Free Float: 8,016,000
• Market Cap: $209.91 million
• Optionable: Optionable
• Beta: 0.80