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Financials · INBK

First Internet Bancorp (INBK) financials

For the twelve months ended Sep 30, 2026, First Internet Bancorp reported $169.88M of revenue and $14.98M of net income.

Revenue, TTM
$169.88M
Revenue growth, YoY
+48.7%
Net income, TTM
$14.98M
Net margin
8.8%
Free cash flow, TTM
$152.31M
EPS, diluted, TTM
$1.70
Cash
$652.27M
P/E
14.94
P/S
1.32
Market cap
$223.9M
Annual revenue$116.47M
FY2016FY2025
Annual net income-$35.17M
FY2016FY2025
Annual free cash flow$2.22M
FY2016FY2025

INBK revenue and earnings growth

INBK revenueQ3 2026$43.94M

Quarter YoY
+670.2%
QoQ
+6.9%
FY YoY
-13.5%
5Y CAGR
+2.9%
10Y CAGR
+11.0%

INBK revenue was $43.94M in fiscal Q3 2026 (ended Sep 30, 2026), up 670.2% from a year earlier and up 6.9% from the prior quarter. For the full fiscal 2025 it was $116.47M, down 13.5% from fiscal 2024. Compound annual growth was +2.9% over 5 years and +11.0% over 10 years. It rose in 7 of the last 10 fiscal years.

INBK net incomeQ3 2026$4.82M

QoQ
+103.6%

INBK net income was $4.82M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$41.59M a year earlier and up 103.6% from the prior quarter. For the full fiscal 2025 it was -$35.17M, compared with $25.28M in fiscal 2024.

INBK EPSQ3 2026$0.54

QoQ
+100.0%

INBK diluted EPS was $0.54 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$4.76 a year earlier and up 100.0% from the prior quarter. For the full fiscal 2025 it was -$4.03, compared with $2.88 in fiscal 2024.

INBK free cash flowQ3 2026$29.36M

Quarter YoY
-20.6%
QoQ
+21.1%
FY YoY
-78.6%
10Y CAGR
-12.4%

INBK free cash flow was $29.36M in fiscal Q3 2026 (ended Sep 30, 2026), down 20.6% from a year earlier and up 21.1% from the prior quarter. For the full fiscal 2025 it was $2.22M, down 78.6% from fiscal 2024. Compound annual growth was -12.4% over 10 years. It rose in 2 of the last 4 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$116.47M$134.72M$101.03M$118.35M$119.40M$100.88M$79.76M$71.03M$64.52M$53.77M
Interest expense--$164.54M$59.81M$47.33M$72.32M$84.45M$53.20M$30.71M$19.21M
Pre-tax income-$50.87M$27.54M$4.94M$40.10M$56.57M$33.90M$27.16M$23.95M$22.93M$17.98M
Income tax-$15.70M$2.27M-$3.48M$4.56M$8.46M$4.45M$1.92M$2.05M$7.70M$5.91M
Net income-$35.17M$25.28M$8.42M$35.54M$48.11M$29.45M$25.24M$21.90M$15.23M$12.07M
EPS, basic-$4.03$2.91$0.95$3.73$4.85$2.99$2.51$2.31$2.14$2.32
EPS, diluted-$4.03$2.88$0.95$3.70$4.82$2.99$2.51$2.30$2.13$2.30
Diluted shares8.7M8.8M8.9M9.6M10.0M9.8M10.0M9.5M7.1M5.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$456.78M$466.41M$405.90M$256.55M$442.96M$419.81M$327.36M$188.71M$47.98M$39.45M
Goodwill$4.69M$4.69M$4.69M$4.69M$4.69M$4.69M$4.69M$4.69M$4.69M$4.69M
Total assets$5.57B$5.74B$5.17B$4.54B$4.21B$4.25B$4.10B$3.54B$2.77B$1.85B
Total debt$249.50M$295.00M$614.93M$614.93M$514.92M$514.92M$514.91M$525.15M$410.18M$189.98M
Total liabilities$5.21B$5.35B$4.80B$4.18B$3.83B$3.92B$3.80B$3.25B$2.54B$1.70B
Shareholders' equity$359.77M$384.06M$362.80M$364.97M$380.34M$330.94M$304.91M$288.74M$224.13M$153.94M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$3.45M$12.99M$11.68M$82.72M$54.84M$13.07M-$43.58M$29.36M$24.62M$26.47M
Capital expenditures$1.23M$2.59M$5.37M$17.52M$29.89M$25.56M$4.11M$2.22M$1.52M$3.17M
Free cash flow$2.22M$10.40M$6.31M$65.21M$24.95M-$12.49M-$47.68M$27.14M$23.11M$23.30M
Investing cash flow$128.68M-$496.17M-$474.50M-$601.03M$43.87M-$44.81M-$313.27M-$638.71M-$908.15M-$586.72M
Financing cash flow-$141.76M$543.69M$612.17M$331.90M-$75.56M$124.19M$495.50M$750.09M$892.06M$574.55M
Dividends paid$2.09M$2.08M$2.16M$2.32M$2.42M$2.35M$2.42M$2.23M$1.68M$1.20M
Share repurchases$521.0K$283.0K$9.34M$27.78M$4.44M$0$9.78M$216.0K$0$0
Stock-based compensation$1.22M$1.81M$1.26M$2.04M$2.39M$2.11M$1.68M$1.60M$1.04M$736.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-13.5%33.3%-14.6%-0.9%18.4%26.5%12.3%10.1%20.0%31.5%
Net income growth, YoY-200.3%-76.3%-26.1%63.4%16.7%15.2%43.8%26.1%35.2%
EPS growth, YoY-203.2%-74.3%-23.2%61.2%19.1%9.1%8.0%-7.4%17.3%
Net margin-30.2%18.8%8.3%30.0%40.3%29.2%31.6%30.8%23.6%22.5%
Free cash flow margin1.9%7.7%6.2%55.1%20.9%-12.4%-59.8%38.2%35.8%43.3%
Return on equity-9.8%6.6%2.3%9.7%12.7%8.9%8.3%7.6%6.8%7.8%
Return on assets-0.6%0.4%0.2%0.8%1.1%0.7%0.6%0.6%0.6%0.7%
Debt to equity0.690.771.691.681.351.561.691.821.831.23

Source: XBRL data First Internet Bancorp files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

INBK peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
INBK$169.88M+48.7%$14.98M8.8%$223.9M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

INBK FAQ

8 questions
  • What is INBK revenue?
    First Internet Bancorp (INBK) reported $169.88M of revenue for the twelve months ended Sep 30, 2026. That is up 48.7% from the year before. Revenue for fiscal 2025 was $116.47M.
  • Is INBK profitable?
    Yes. First Internet Bancorp earned $14.98M in net income for the twelve months ended Sep 30, 2026, a net margin of 8.8%.
  • How much cash and debt does INBK have?
    First Internet Bancorp reported $652.27M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is INBK revenue growing?
    First Internet Bancorp's revenue changed -13.5% in fiscal 2025, to $116.47M. Its compound annual growth rate was +2.9% over 5 years and +11.0% over 10 years.
  • What is INBK free cash flow?
    First Internet Bancorp generated $152.31M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $152.96M less capital expenditures.
  • What is INBK earnings per share?
    Diluted earnings per share were $1.70 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did INBK last report financial results?
    The latest statements here come from First Internet Bancorp's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this INBK financial data come from?
    Quantisnow builds these statements from the structured XBRL data First Internet Bancorp files with the SEC. It is provided for information only and is not investment advice.