First Internet Bancorp (INBK) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, First Internet Bancorp reported revenue of $116.5M, down 13.5% from $134.7M the year before. Net income was -$35.2M (a -30.2% net margin), or -$4.03 per diluted share. Net interest income was $113.8M, and the efficiency ratio (noninterest expense / revenue) was 81.6%. Operating activities generated $3.4M of cash, leaving $2.2M of free cash flow. At fiscal year end, First Internet Bancorp held $5.57B in total assets against $5.21B in total liabilities, including $456.8M of cash and equivalents.
Open the full interactive First Internet Bancorp financials → Quarterly statements, key ratios, valuation history and price charts.
First Internet Bancorp Key Stats
| Share Price | $26.09 |
|---|---|
| Market Cap | $230.2M |
| Dividend Yield | 0.90% |
| Revenue YoY Growth | -13.6% |
| 52-Week Range | $17.08 – $29.87 |
| Shares Outstanding | 8.8 million (basic, 2026 Q2) |
First Internet Bancorp Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $64.5M | $86.6M | $97.1M | $74.9M | $87.4M | $113.8M |
| Provision for Credit Losses | $9.3M | $1.0M | $5.0M | $16.7M | $17.1M | $72.3M |
| Noninterest Income | $36.3M | $32.8M | $21.3M | $26.1M | $47.3M | $2.7M |
| Noninterest Expense | $57.7M | $61.8M | $73.3M | $79.4M | $90.1M | $95.0M |
| Revenue | $100.9M | $119.4M | $118.3M | $101.0M | $134.7M | $116.5M |
| Pre-Tax Income | $33.9M | $56.6M | $40.1M | $4.9M | $27.5M | -$50.9M |
| Income Tax | $4.4M | $8.5M | $4.6M | -$3.5M | $2.3M | -$15.7M |
| Net Income | $29.5M | $48.1M | $35.5M | $8.4M | $25.3M | -$35.2M |
| Diluted EPS | $2.99 | $4.82 | $3.70 | $0.95 | $2.88 | -$4.03 |
First Internet Bancorp Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $5.7M | $41.7M | $43.1M | $41.1M |
| Net Income | -$41.6M | $5.3M | $2.5M | $2.4M |
| Diluted EPS | -$4.76 | $0.61 | $0.29 | $0.27 |
First Internet Bancorp Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $419.8M | $443.0M | $256.6M | $405.9M | $466.4M | $456.8M |
| Loans (Net) | $3.03B | $2.86B | $3.47B | $3.80B | $4.13B | $3.69B |
| Total Assets | $4.25B | $4.21B | $4.54B | $5.17B | $5.74B | $5.57B |
| Deposits | $3.27B | $3.18B | $3.44B | $4.07B | $4.93B | $4.84B |
| Total Long-Term Debt | $514.9M | $514.9M | $614.9M | $614.9M | $295.0M | $249.5M |
| Total Liabilities | $3.92B | $3.83B | $4.18B | $4.80B | $5.35B | $5.21B |
| Shareholders' Equity | $330.9M | $380.3M | $365.0M | $362.8M | $384.1M | $359.8M |
First Internet Bancorp Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $13.1M | — | $82.7M | $11.7M | $13.0M | $3.4M |
| Cash From Investing | -$44.8M | — | -$601.0M | -$474.5M | -$496.2M | $128.7M |
| Cash From Financing | $124.2M | — | $331.9M | $612.2M | $543.7M | -$141.8M |
| Free Cash Flow | -$12.5M | -$29.9M | $65.2M | $6.3M | $10.4M | $2.2M |
| Dividends Paid | $2.3M | $2.4M | $2.3M | $2.2M | $2.1M | $2.1M |
Figures from First Internet Bancorp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full First Internet Bancorp financials page for every line item.
First Internet Bancorp Company Profile
| Ticker | INBK |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Fishers, Indiana |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001562463 |
Frequently Asked Questions
What was First Internet Bancorp's revenue in fiscal 2025?
First Internet Bancorp (INBK) reported revenue of $116.5M for fiscal 2025.
What is First Internet Bancorp's annual revenue history?
First Internet Bancorp's annual revenue by fiscal year: 2020: $100.9M; 2021: $119.4M; 2022: $118.3M; 2023: $101.0M; 2024: $134.7M; 2025: $116.5M.
What was First Internet Bancorp's net income in fiscal 2025?
First Internet Bancorp reported net income of -$35.2M for fiscal 2025.
What was First Internet Bancorp's earnings per share (EPS) in fiscal 2025?
First Internet Bancorp's diluted EPS was -$4.03 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did First Internet Bancorp generate in fiscal 2025?
First Internet Bancorp generated $2.2M of free cash flow in fiscal 2025.
What was First Internet Bancorp's revenue last quarter?
In its most recent reported quarter (2026 Q2), First Internet Bancorp reported revenue of $41.1M.
How much debt does First Internet Bancorp have?
First Internet Bancorp reported $249.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of First Internet Bancorp are outstanding?
First Internet Bancorp reported a weighted average of 8.8 million basic shares outstanding in 2026 Q2.
What is First Internet Bancorp's market cap?
Based on its latest closing price, First Internet Bancorp (INBK) has a market capitalization of about $230.2M.
When does First Internet Bancorp's fiscal year end?
First Internet Bancorp's fiscal year end, as registered with the SEC, is December 31.
Where is First Internet Bancorp headquartered?
First Internet Bancorp lists its business address in Fishers, Indiana in its SEC filings.