First Internet Bancorp

Listed Company

INBKCIK 0001562463NasdaqAcceleratedState Commercial BanksIndianaFY ends Dec 31

Period

FY 2024

Revenue

—

Net Income

$25.28M

Total Assets

$5.74B

Equity

$384.06M

Shares Out

8.72M

Op. Cash Flow

$12.99M

INBK$26.76−3.57% · past yearDBEQ Basic

Daily closing prices

Business

First Internet Bancorp is a bank holding company operating through First Internet Bank of Indiana, an FDIC-insured internet bank. The company provides commercial lending (C&I, construction, commercial real estate, single-tenant lease financing, public finance), small business lending, consumer lending through dealer networks, and deposit and treasury management services. It operates nationwide with no physical branches, serving customers through digital channels and relationship banking partnerships.

Summary from 10-K filed 2026-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Loans	234	192	141	123	121
Securities taxable	27	17	11	8	11
Securities non-taxable	4	4	2	1	2
Other earning assets	28	26	4	1	3
Total interest income	292	239	157	134	137
Deposits	183	143	42	30	56
Other borrowed funds	21	21	18	18	16
Total interest expense	205	165	60	—	—
Interest Income (Expense), Operating, Total	87	75	97	87	65
Provision for credit losses - loans	19	15	5	1	9
Benefit for credit losses - debt securities held-to-maturity	−139,000	−42,000	0	0	—
(Benefit) provision for credit losses - off-balance sheet commitments	−2	1	0	0	—
Net interest income after provision for credit losses	70	58	92	86	55
Gain on sale of loans	33	21	11	12	8
Other	9	2	2	2	2
Total noninterest income	47	26	21	33	36
Salaries and employee benefits	52	45	42	38	34
Marketing, advertising and promotion	3	3	4	3	2
Consulting and professional fees	4	3	5	4	4
Data processing	2	2	2	2	2
Loan expenses	6	6	4	2	2
Premises and equipment	12	11	11	7	6
Deposit insurance premium	5	4	1	1	2
Other	7	6	5	4	4
Total noninterest expense	90	79	73	62	58
Income before income taxes	28	5	40	57	34
Income tax provision (benefit)	2	−3	5	8	4
Net income	25	8	36	48	29
Basic (in dollars per share)	2.91	0.95	3.73	4.85	2.99
Diluted (in dollars per share)	2.88	0.95	3.7	4.82	2.99
Basic (shares)	9	9	10	10	10
Diluted (shares)	9	9	10	10	10
Dividends Declared Per Share (in dollars per share)	0.24	0.24	0.24	0.24	0.24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash and due from banks	9	8	17	7	7
Interest-bearing demand deposits	457	398	239	435	412
Total cash and cash equivalents	466	406	257	443	420
Securities available-for-sale - at fair value (amortized cost of $626,854 and $513,315 in 2024 and 2023, respectively)	587	475	390	603	498
Securities held-to-maturity - at amortized cost, net of allowance for credit losses of $0.2 million and $0.3 million in 2024 and 2023, respectively, (fair value of $228,851 and $207,572 in 2024 and 2023, respectively)	250	227	189	—	—
Loans held-for-sale	55	22	22	48	40
Loans	4,171	3,840	3,499	—	—
Allowance for credit losses - loans	−45	−39	−32	−28	−29
Net loans	4,126	3,801	3,468	—	—
Accrued interest receivable	28	27	21	16	17
Federal Home Loan Bank of Indianapolis stock	28	28	28	26	26
Cash surrender value of bank-owned life insurance	41	41	40	39	38
Premises and equipment, net	71	73	—	—	—
Goodwill	5	5	5	5	5
Servicing asset, at fair value	16	11	6	5	4
Other real estate owned	300,000	400,000	0	1	0
Accrued income and other assets	63	51	45	47	64
Total assets	5,738	5,168	4,543	4,211	4,246
Noninterest-bearing deposits	136	123	175	118	97
Interest-bearing deposits	4,797	3,944	3,266	3,061	3,174
Total deposits	4,933	4,067	3,441	3,179	3,271
Advances from Federal Home Loan Bank	295	615	615	515	515
Subordinated Debt	105	105	105	104	80
Accrued interest payable	2	4	3	2	1
Accrued expenses and other liabilities	18	14	15	31	48
Total liabilities	5,354	4,805	4,178	3,831	3,915
Commitments and Contingencies	—	—	—	—	—
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none	0	0	0	0	0
Retained earnings	231	207	206	172	127
Accumulated other comprehensive loss	−33	−29	−34	−11	−17
Total shareholders equity	384	363	365	380	331
Total liabilities and shareholders equity	5,738	5,168	4,543	4,211	4,246

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Depreciation and amortization	8	6	9	9	8
Increase in cash surrender value of bank-owned life insurance	−1	−1	−959,000	−948,000	−950,000
Provision for credit losses	17	17	5	1	—
Share-based compensation expense	2	1	2	2	2
Loans originated for sale	−518	−328	−519	−815	−1,009
Proceeds from sale of loans originated for sale	510	343	559	832	1,055
Gain on sale of loans	−33	−21	−17	−29	−31
Gain on sale of other real estate owned	−27,000	0	0	—	—
Decrease in fair value of loans held-for-sale	0	143,000	184,000	718,000	94,000
Loss (gain) on derivatives	5	−384,000	−3	2	−2
Gain on prepayment of FHLB advances	−2	0	0	—	—
Gain on termination of interest rate swaps	−3	0	0	−2	−46
Gain on sale of premises and equipment	−149,000	0	0	—	—
Net change in servicing asset	3	1	2	1	−1
Net deferred income tax	−1	−4	5	2	−4
Net change in other assets	−4	−7	10	7	7
Net change in other liabilities	5	−3	−4	−921,000	−5
Net cash provided by operating activities	13	12	83	55	13
Net loan activity, excluding sales and purchases	−202	−68	−215	316	47
Proceeds from sales of other real estate owned	623,000	0	1	0	0
Net proceeds from sales of portfolio loans	0	0	14	21	207
Maturities of securities available-for-sale	78	53	80	166	180
Purchase of securities available-for-sale	−194	−131	−13	−282	−144
Maturities and calls of securities held-to-maturity	32	19	8	9	0
Purchase of securities held-to-maturity	−54	−54	−41	0	−2
Redemption of Federal Home Loan Bank of Indianapolis stock	0	0	431,000	0	0
Purchase of Federal Home Loan Bank of Indianapolis stock	0	0	−3	0	0
Proceeds from bank owned life insurance	737,000	0	0	—	—
Purchase of premises and equipment	−3	−5	−18	−30	−26
Loans purchased	−142	−285	−412	−168	−324
Purchase of equity investments	−14	−4	−4	4	0
Net cash (used in) provided by investing activities	−496	−475	−601	44	−45
Net change in deposits	866	624	262	−92	117
Cash dividends paid	−2	−2	−2	−2	−2
Repurchase of common stock	−283,000	−9	−28	−4	0
Proceeds from advances from Federal Home Loan Bank	430	475	615	440	440
Repayment of advances from Federal Home Loan Bank	−750	−475	−515	−440	−440
Other, net	−182,000	−153,000	−287,000	−441,000	−152,000
Net cash (used in) provided by financing activities	544	612	332	−76	124
Net increase (decrease) in cash and cash equivalents	61	149	−186	23	92
Cash paid during the year for interest	206	164	59	47	75
Cash paid during the year for taxes	684,000	939,000	2	7	6
Loans transferred to other real estate owned	523,000	375,000	0	1	0
Loans transferred to held-for-sale from portfolio	0	0	14	20	205
Cash dividends declared, not paid	520,000	519,000	544,000	585,000	588,000
Securities purchases settled in subsequent period	0	3	3	0	6
Transfer of available-for-sale mortgage-backed securities to held-to-maturity mortgage-backed securities at fair value	0	0	96	0	0

Filings

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Frequently asked questions

What is First Internet Bancorp's CIK number?

First Internet Bancorp's SEC CIK number is 0001562463 (1562463). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find First Internet Bancorp's SEC filings?

All of First Internet Bancorp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did First Internet Bancorp last report earnings?

First Internet Bancorp (INBK) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001562463-26-000040). This is First Internet Bancorp's most recent earnings filing of record — not a forecast of its next earnings date.

What is First Internet Bancorp's most recent earnings 8-K?

First Internet Bancorp's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001562463-26-000040. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View First Internet Bancorp's latest earnings 8-K →
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