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First Internet Bancorp (INBK)

Company Profile

Company profile

Ticker

INBK, INBKZ

Exchange

Website

www.firstinternetbancorp.com

CEO

Mr. David B. Becker

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

The Bank of New York Mellon Corporation • State Street • Ally Financial • Citizens Financial • Northern Trust • M&T Bank • First Citizens BancShares • East West Bancorp • Associated Banc-Corp • SVB Financial ...

Former names

CHF Solutions, Inc., Sunshine Heart, Inc.

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

First Internet Public Finance • SPF15, Inc. ...

IRS number

203489991

INBK stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$41.50

Low target

$38.00

High target

$45.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

First Internet Bancorp Reports Fourth Quarter and Full Year 2024 Results

First Internet Bancorp to Pay Cash Dividend

Quarterly report

7 Nov 24

First Internet Bancorp Reports Third Quarter 2024 Results

First Internet Bancorp to Pay Cash Dividend

Quarterly report

7 Aug 24

First Internet Bancorp Reports Second Quarter 2024 Results

First Internet Bancorp to Pay Cash Dividend

Submission of Matters to a Vote of Security Holders

Quarterly report

8 May 24

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Kenneth J. Lovik

Kenneth J. Lovik

Nicole S. Lorch

BlackRock, Inc.

BlackRock, Inc.

DIMENSIONAL FUND ADVISORS LP

BlackRock, Inc.

Michele L. Raines

Financial summary

Financial statements Chart INBK financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q3 2024

INBK institutional ownership history Ownership history

72.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	116	100	+16.0%
Opened positions	23	18	+27.8%
Closed positions	7	19	-63.2%
Increased positions	33	34	-2.9%
Reduced positions	28	22	+27.3%

13F shares	Current	Prev Q	Change
Total value	205.79 bn	156.02 bn	+31.9%
Total shares	6.31 mm	6.10 mm	+3.5%
Total puts	3.90 k	3.30 k	+18.2%
Total calls	44.10 k	33.90 k	+30.1%
Total put/call ratio	0.1	0.1	-9.2%

Largest owners	Shares	Value	Change
BlackRock	771.63 k	$26.44 bn	NEW
Dimensional Fund Advisors	500.47 k	$17.14 bn	+2.2%
Vanguard	433.29 k	$14.84 bn	+2.5%
Banc Funds	364.30 k	$12.48 bn	0.0%
Patriot Financial Partners GP	325.48 k	$11.15 bn	0.0%
Geode Capital Management	201.64 k	$6.91 bn	+2.0%
Heartland Advisors	200.00 k	$6.85 bn	0.0%
Hotchkis & Wiley Capital Management	194.56 k	$6.67 bn	-4.0%
Fiduciary Trust	191.60 k	$6.56 bn	-17.2%
Acadian Asset Management	179.84 k	$6.16 mm	+22.1%

Largest transactions	Shares	Bought/sold	Change
BlackRock	771.63 k	+771.63 k	NEW
BLK BlackRock	0.00	-711.58 k	EXIT
IVZ Invesco	126.13 k	+95.31 k	+309.2%
Brandywine Global Investment Management	31.92 k	-46.30 k	-59.2%
NTRS Northern Trust	69.13 k	+45.18 k	+188.7%
Aqr Capital Management	40.47 k	+40.47 k	NEW
Fiduciary Trust	191.60 k	-39.75 k	-17.2%
First Trust Advisors	33.55 k	+33.55 k	NEW
Acadian Asset Management	179.84 k	+32.57 k	+22.1%
Quadrature Capital	10.38 k	-30.31 k	-74.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

INBK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Jan 25	Lovik Kenneth J.	Common Stock	Payment of exercise	Dispose F	No	No	32.57	1,028	33.48 k	47,901
6 Jan 25	Becker David B	Common Stock	Grant	Acquire A	No	No	0	7,075	0.00	411,318
6 Jan 25	Lovik Kenneth J.	Common Stock	Grant	Acquire A	No	No	0	2,601	0.00	48,904
6 Jan 25	Lorch Nicole S.	Common Stock	Grant	Acquire A	No	No	0	4,508	0.00	67,667
13 Dec 24	Becker David B	Common Stock	Gift	Dispose G	No	No	0	15,000	0.00	404,188

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Piper Sandler Maintains Neutral on First Internet, Lowers Price Target to $38

Piper Sandler analyst Nathan Race maintains First Internet (NASDAQ:INBK) with a Neutral and lowers the price target from $42.5 to $38.

Keefe, Bruyette & Woods Reiterates Market Perform on First Internet, Lowers Price Target to $40

Keefe, Bruyette & Woods analyst Timothy Switzer reiterates First Internet (NASDAQ:INBK) with a Market Perform and lowers the price target from $45 to $40.

First Internet Q4 2024 Adj. EPS $0.41 Down From $0.48 YoY, Sales $39.487M Beat $24.332M Estimate

First Internet (NASDAQ:INBK) reported quarterly earnings of $0.41 per share. This is a 14.58 percent decrease over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of

Earnings Scheduled For January 22, 2025

Keefe, Bruyette & Woods Maintains Market Perform on First Internet, Raises Price Target to $45

Press releases

From Benzinga Pro

First Internet Bank Expands Small Business Administration Lending Team

First Internet Bank announced today that Austin Porter has joined the organization as Vice President, Business Development Officer. He joins the Bank's growing Small Business Administration (SBA) Lending team – one

First Internet Bank Named 2024 Online Lender of the Year by Coleman Report

First Internet Bank announced today that it has been named the 2024 Online Lender of the Year by Coleman Report, a leading publication in the small business lending industry. The publication's annual awards celebrate

First Internet Bancorp Reports Fourth Quarter and Full Year 2024 Results

First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (the "Bank"), announced today financial and operational results for the fourth quarter and full year ended December 31,

First Internet Bancorp to Announce Fourth Quarter 2024 Financial Results on Wednesday, January 22

First Internet Bancorp to Pay Cash Dividend

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