First Internet Bancorp (INBK) Stock

First Internet Bancorp (INBK) is a Financials stock trading at $29.08 (as of 2026-08-21), with a market capitalization of $253.48M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, providing commercial and retail banking products to individuals and commercial customers in the United States. It accepts deposit accounts and offers loans, municipal securities and municipal finance services, and also provides corporate credit card and treasury management services via its firstib.com website.

Understand First Internet Bancorp: how it makes money

First Internet Bancorp operates as a bank holding company for First Internet Bank of Indiana, offering commercial and retail banking products. It earns through customer banking services, including accepting deposit accounts and extending a range of commercial and consumer loans.

The profit model is closely tied to SBA loan activity, with SBA Loan Originations and Loan Sale Volume showing up alongside Adjusted Revenue and Pre-Provision Net Revenue, while servicing and mortgage banking revenue are shown as 0.0 in the provided segment candidates.

Business quality (Weak): We have clear operating KPI labels tied to SBA lending and credit, but the provided segment-like revenue lines are not a clean, mutually exclusive breakdown of total revenue.

Bull case

  • SBA lending activity is sizable: SBA Loan Originations are listed at 0.17 USD_B, with a related SBA Loan Pipeline of 0.26 USD_B.
  • Credit quality has an explicit watch metric: Non-Performing Loans are provided as an operating metric (0.06 USD_B), giving investors a direct lens on credit risk.
  • Multiple banking revenue streams are tracked in the KPIs: KPIs include FinTech Partner Payments Volume (82.0 USD_B) and Portfolio Balances (3.5 USD_B), alongside deposit and loan activity.

Bear case

  • Credit risk is not negligible: Non-Performing Loans are provided as 0.06 USD_B, indicating existing problem loan exposure.
  • Loan and deposit balances are declining in the provided metrics: Loan Balances Decrease (0.73 USD_B) and Deposits Decrease (0.38 USD_B) suggest pressure on funded balance sheet growth.
  • Servicing and mortgage banking revenue are shown as zero in the provided lines: Net Servicing Revenue and Mortgage Banking Revenue appear as 0.0 in the provided segment candidates, limiting visible contribution from those areas.
Valuation — source: SEC EDGAR (first-party)
Price$29.08
Market Cap$253.48M
Price / Book0.70
Price / Sales0.79
FCF Yield17.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$320.16M
Net Margin-11.0%
Revenue Growth (YoY)-1.3%
EPS Growth (YoY)163.6%
FCF Growth (YoY)130.5%
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)13.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($15.87M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEODavid Becker
Employees323
CountryUS
IPO Date2006-04-05

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

  • Oak Valley Bancorp (OVLY)
  • C&F Financial Corporation (CFFI)
  • First National Corporation (FXNC)
  • Franklin Financial Services Corporation (FRAF)
  • Peoples Bancorp of North Carolina, Inc. (PEBK)
  • OP Bancorp (OPBK)
  • Eagle Financial Services, Inc. (EFSI)
  • First Internet Bancorp - Fixed- (INBKZ)
INBK earnings history · INBK institutional & insider holders · INBK KPIs & operating metrics · INBK financials · INBK investor presentations & press releases · INBK SEC filings · INBK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.