Company Quick10K Filing
First Internet Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 10 $210
10-K 2020-03-12 Annual: 2019-12-31
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-14 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-03-08 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-03 Quarter: 2017-03-31
10-K 2017-03-14 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-02 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-K 2016-03-10 Annual: 2015-12-31
10-Q 2015-11-03 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-12 Quarter: 2014-09-30
10-Q 2014-08-12 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-31 Annual: 2013-12-31
10-Q 2013-11-04 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-15 Quarter: 2013-03-31
10-K 2013-03-28 Annual: 2012-12-31
8-K 2020-03-17 Regulation FD, Exhibits
8-K 2020-03-16 Officers
8-K 2020-02-05 Officers
8-K 2020-01-27 Regulation FD, Exhibits
8-K 2020-01-22 Earnings, Exhibits
8-K 2019-12-17 Regulation FD, Exhibits
8-K 2019-11-01 Regulation FD, Exhibits
8-K 2019-10-23 Earnings, Exhibits
8-K 2019-09-17 Regulation FD, Exhibits
8-K 2019-07-29 Regulation FD, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-06-18 Regulation FD, Exhibits
8-K 2019-06-12 Enter Agreement, Regulation FD, Exhibits
8-K 2019-06-05 Other Events, Exhibits
8-K 2019-05-28 Regulation FD, Exhibits
8-K 2019-05-21 Shareholder Vote
8-K 2019-05-20 Regulation FD, Exhibits
8-K 2019-05-20 Regulation FD, Exhibits
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-03-19 Regulation FD, Exhibits
8-K 2019-01-29 Regulation FD, Exhibits
8-K 2019-01-23 Earnings, Exhibits
8-K 2019-01-04 Leave Agreement
8-K 2018-12-19 Other Events, Exhibits
8-K 2018-12-18 Regulation FD, Exhibits
8-K 2018-11-06 Regulation FD, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-09-18 Regulation FD, Exhibits
8-K 2018-07-30 Regulation FD, Exhibits
8-K 2018-07-19 Earnings, Exhibits
8-K 2018-06-19 Regulation FD, Exhibits
8-K 2018-06-11 Regulation FD, Other Events, Exhibits
8-K 2018-06-07 Enter Agreement, Regulation FD, Exhibits
8-K 2018-06-06 Regulation FD, Exhibits
8-K 2018-05-22 Shareholder Vote
8-K 2018-05-21 Regulation FD, Exhibits
8-K 2018-05-17 Regulation FD, Exhibits
8-K 2018-04-19 Earnings, Exhibits
8-K 2018-03-20 Regulation FD, Exhibits
8-K 2018-01-30 Regulation FD, Exhibits
8-K 2018-01-18 Earnings, Exhibits
8-K 2018-01-10 Other Events

First Internet Bancorp Financials

INBK Metrics, Comps, Filings

Annual | Quarterly

Business

First Internet Bancorp is a bank holding company that conducts its primary business activities through its wholly-owned subsidiary, First Internet Bank of Indiana, an Indiana chartered bank. First Internet Bank of Indiana was the first state-chartered, Federal Deposit Insurance Corporation ("FDIC") insured Internet bank and commenced banking operations in 1999. First Internet Bancorp was incorporated under the laws of the State of Indiana on September 15, 2005. On March 21, 2006, we consummated a plan of exchange by which we acquired all of the outstanding shares of the Bank.

We offer a wide range of commercial, small business, consumer and municipal banking products and services. We conduct our consumer and small business deposit operations primarily through online channels on a nationwide basis and have no traditional branch offices. Our residential mortgage products are offered nationwide primarily through an online direct-to-consumer platform and are supplemented with Central Indiana-based mortgage and construction lending. Our consumer lending products are primarily originated on a nationwide basis over the Internet as well as through relationships with dealerships and financing partners.

Our commercial banking products and services are delivered through a relationship banking model and include commercial real estate ("CRE") banking, commercial and industrial ("C&I") banking, public finance, healthcare finance and commercial deposits and treasury management. Through our CRE team, we offer single tenant lease financing on a nationwide basis in addition to traditional investor CRE and construction loans primarily within Central Indiana and adjacent markets. To meet the needs of commercial borrowers and depositors located primarily in Central Indiana, Phoenix, Arizona and adjacent markets, our C&I banking team provides credit solutions such as lines of credit, term loans, owner-occupied CRE loans and corporate credit cards. Our public finance team, established in early 2017, provides a range of public and municipal lending and leasing products to government entities on a nationwide basis. Healthcare finance was established in the second quarter of 2017 in conjunction with our strategic partnership with Lendeavor, Inc., a San Francisco-based technology-enabled lender to healthcare practices, and provides lending for healthcare practice finance or acquisition, acquiring or refinancing owner-occupied CRE and equipment purchases. Initial efforts within healthcare finance have primarily focused on the West Coast with plans to expand nationwide. Our commercial deposits and treasury management team works with the other commercial teams to provide deposit products and treasury management services to our commercial and municipal lending customers as well as pursues commercial deposit opportunities in business segments where we have no credit relationships.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Monroe Bank and Trust (MBTF) 232 -6.6 1% 1,327 1,191 0 0 10 16 -107
Chemung Financial (CHMG) 230 3.1 1% 1,753 1,575 0 0 22 37 113
Unity Bancorp (UNTY) 228 1.5 1% 1,627 1,477 0 0 23 49 73
Premier Financial Bancorp (PFBI) 221 3.3 1% 1,704 1,472 0 0 23 38 125
Select Bancorp (SLCT) 221 0% 4.4 1% 1,317 1,100 1 0 16 31 135
MVB Financial (MVBF) 220 0% 7.0 1% 1,833 1,632 2 0 25 57 402
Bankwell Financial (BWFG) 216 2.5 1% 1,860 1,683 0 0 19 54 137
SB One Bank (SBBX) 212 5.1 1% 1,866 1,674 0 0 18 43 218
First Internet Bancorp (INBK) 210 -1.4 1% 3,959 3,663 0 0 22 99 -138
Mid Penn Bancorp (MPB) 209 3.7 1% 2,136 1,905 0 0 15 43 161
Norwood Financial (NWFL) 205 0% 9.0 1% 1,223 1,091 3 0 14 26 230
First Business Financial Services (FBIZ) 204 2.9 1% 2,070 1,881 0 0 22 54 159
Penns Woods Bancorp (PWOD) 201 0% 3.6 1% 1,712 1,560 1 0 16 33 122
Shore Bancshares (SHBI) 200 0% 4.6 2% 1,489 1,297 5 0 25 38 176
Pacific Mercantile Bancorp (PMBC) 197 -2.3 1% 1,419 1,273 0 0 12 30 -68
Bank of Commerce Holdings (BOCH) 191 6.2 1% 1,442 1,274 0 0 15 26 160
DNB Financial (DNBF) 190 5.7 1% 1,154 1,036 0 0 11 25 144
Midsouth Bancorp (MSL) 190 1.5 -2% 1,715 1,494 0 0 -36 -28 -42
Community Financial (TCFC) 189 0% 4.6 1% 1,756 1,593 28 0 15 40 181
United Security Bancshares (UBFO) 187 -4.9 2% 1,006 893 0 0 16 25 -123

Balance Sheet ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash541072948189
Accounts Receivable
Inventory
PP&E75671011
Assets981041211,8542,7683,542
Accounts Payable
Long-Term Debt32107191190410525
Liabilities711717422,5443,253
Stockholders' Equity9197104154224289
Income Statement ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A212222
Tax124682
Net Income549121522
Cash Flow ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating422-0-12529
Cash Investing-185-187-11-45-908-639
Cash Financing165159969892750