INBKNasdaqState Commercial BanksFiscal year ends December 31Also trades as INBKZ
First Internet Bancorp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$25.57−0.09 (-0.35%)
Close on Oct 19, 2026
- Market cap
- $225.58M
- P/E (TTM)
- –
- Dividend yield
- 0.94%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
-30.2%−59.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -13.5% | -0.5% | +2.9% | +11.0% | |
| Free cash flow | -78.6% | -67.6% | – | -12.4% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | 0.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.3% | 9.3% | -9.5% | |
| Return on assets | 0.8% | 0.7% | -0.6% | |
| Capex to revenue | 5.9% | 25.3% | 1.1% | |
| Diluted shares | 5M | 10M | 9M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First Internet Bancorp generated $165.68M from operations and spent $110.01M on capital expenditure, dividends and share buybacks. 51% of that went back into the business.
Generated
$165.68M
Used
$110.01M
Capital expenditure$56.60M51%Dividends$11.05M10%Share buybacks$42.36M39%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-30.2%
×Asset turnover0.02×
×Equity multiplier15.20×
=Return on equity, FY2025-9.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -30.2% | 0.02× | 15.20× | -9.5% |
| FY2024 | 18.8% | 0.02× | 14.60× | 6.8% |
| FY2023 | 8.3% | 0.02× | 13.34× | 2.3% |
| FY2022 | 30.0% | 0.03× | 11.75× | 9.5% |
| FY2021 | 40.3% | 0.03× | 11.89× | 13.5% |
| FY2020 | 29.2% | 0.02× | 13.13× | 9.3% |
| FY2019 | 218.7% | 0.00× | 12.87× | 8.5% |
| FY2018 | 383.0% | 0.00× | 12.30× | 8.5% |
| FY2017 | 194.3% | 0.00× | 12.23× | 8.1% |
| FY2016 | 22.5% | 0.03× | 12.10× | 9.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$35.17M
- Cash generatingOperating cash flow above zero$3.45M
- Return on assets improvedROA up on the prior year0.5% → -0.6%
- Earnings backed by cashOperating cash flow above net income$3.45M vs -$35.17M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise9M → 9M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.03 → 0.02