INBK
First Internet Bancorp
NASDAQ: INBK · FINANCIAL SERVICES · BANKS - REGIONAL
$22.58
-2.50% today
Updated 2026-04-29
Market cap
$198.39M
P/E ratio
—
P/S ratio
4.49x
EPS (TTM)
$-4.03
Dividend yield
1.07%
52W range
$17 – $28
Volume
0.1M
First Internet Bancorp (INBK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.16M | $34.10M | $33.74M | $31.51M | $28.73M | $28.03M | $34.79M | $34.40M | $37.84M | $50.96M | $72.08M | $94.21M | $123.28M | $163.06M | $171.16M | $162.09M | $173.73M | $259.85M | $333.42M | $322.87M |
| Revenue growth (YoY) | — | +30.4% | -1.0% | -6.6% | -8.8% | -2.5% | +24.1% | -1.1% | +10.0% | +34.7% | +41.5% | +30.7% | +30.9% | +32.3% | +5.0% | -5.3% | +7.2% | +49.6% | +28.3% | -3.2% |
| Cost of revenue | $17.20M | $21.96M | $23.69M | $26.42M | $11.71M | $12.06M | $11.38M | $8.41M | $9.28M | $12.64M | $23.54M | $35.59M | $57.09M | $90.41M | $81.64M | $48.36M | $64.79M | $181.23M | $221.72M | $278.71M |
| Gross profit | $8.95M | $12.14M | $10.05M | $5.09M | $17.02M | $15.97M | $23.41M | $25.99M | $28.56M | $38.32M | $48.55M | $58.62M | $66.19M | $72.65M | $89.52M | $113.73M | $108.94M | $78.62M | $111.70M | $44.16M |
| Gross margin | 34.2% | 35.6% | 29.8% | 16.1% | 59.2% | 57.0% | 67.3% | 75.5% | 75.5% | 75.2% | 67.3% | 62.2% | 53.7% | 44.6% | 52.3% | 70.2% | 62.7% | 30.3% | 33.5% | 13.7% |
| R&D | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $2.46M | $4.58M | $5.85M | $6.23M | $7.43M | $6.95M | $9.88M | $11.61M | $13.93M | $15.93M | $19.67M | $23.55M | $26.36M | $30.25M | $36.04M | $39.44M | $42.70M | $49.20M | $3.74M | $64.70M |
| Operating income | $2.84M | $3.78M | $1.57M | $-4.25M | $6.65M | $3.96M | $7.80M | $6.16M | $6.45M | $13.66M | $17.98M | $22.93M | $23.95M | $27.16M | $33.90M | $56.57M | $40.10M | $4.94M | $27.54M | $-50.87M |
| Operating margin | 10.8% | 11.1% | 4.6% | -13.5% | 23.1% | 14.1% | 22.4% | 17.9% | 17.0% | 26.8% | 24.9% | 24.3% | 19.4% | 16.7% | 19.8% | 34.9% | 23.1% | 1.9% | 8.3% | -15.8% |
| EBITDA | $3.06M | $3.97M | $2.28M | $-3.65M | $7.01M | $4.21M | $10.66M | $8.42M | $8.35M | $15.61M | $21.78M | $28.23M | $29.62M | $34.08M | $41.73M | $65.35M | $48.83M | $10.69M | $36.00M | $-50.87M |
| EBITDA margin | 11.7% | 11.6% | 6.8% | -11.6% | 24.4% | 15.0% | 30.6% | 24.5% | 22.1% | 30.6% | 30.2% | 30.0% | 24.0% | 20.9% | 24.4% | 40.3% | 28.1% | 4.1% | 10.8% | -15.8% |
| EBIT | $2.84M | $3.78M | $1.57M | $-4.25M | $6.65M | $3.96M | $7.80M | $6.16M | $6.45M | $13.66M | $17.98M | $22.93M | $23.95M | $27.16M | $33.90M | $56.57M | $40.10M | $4.94M | $27.54M | — |
| Interest expense | $14.95M | $20.16M | $18.87M | $14.86M | $10.79M | $9.62M | $8.53M | $8.09M | $8.93M | $10.69M | $19.21M | $30.71M | $53.20M | $84.45M | $72.32M | $47.33M | $59.81M | $164.54M | $204.51M | $206.40M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.13M | $2.83M | $1.58M | $-2.12M | $4.95M | $3.19M | $5.61M | $4.59M | $4.32M | $8.93M | $12.07M | $15.23M | $21.90M | $25.24M | $29.45M | $48.11M | $35.54M | $8.42M | $25.28M | $-35.17M |
| Net income growth (YoY) | — | +32.8% | -44.3% | -234.4% | +333.9% | -35.7% | +76.0% | -18.1% | -5.9% | +106.5% | +35.2% | +26.1% | +43.8% | +15.2% | +16.7% | +63.4% | -26.1% | -76.3% | +200.3% | -239.1% |
| Profit margin | 8.1% | 8.3% | 4.7% | -6.7% | 17.2% | 11.4% | 16.1% | 13.4% | 11.4% | 17.5% | 16.7% | 16.2% | 17.8% | 15.5% | 17.2% | 29.7% | 20.5% | 3.2% | 7.6% | -10.9% |