Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
INBK logo INBK
Upturn stock ratingUpturn stock rating
INBK logo

First Internet Bancorp (INBK)

Upturn stock ratingUpturn stock rating
$26.9
Last Close (24-hour delay)
Profit since last BUY-3.06%
upturn advisory
Consider higher Upturn Star rating
BUY since 3 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: INBK (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $29.6

1 Year Target Price $29.6

Analysts Price Target For last 52 week
$29.6Target price
Low$19.54
Current$26.9
high$43.09

Analysis of Past Performance

Type Stock
Historic Profit 86.78%
Avg. Invested days 48
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 237.26M USD
Price to earnings Ratio 11.37
1Y Target Price 29.6
Price to earnings Ratio 11.37
1Y Target Price 29.6
Volume (30-day avg) 5
Beta 0.71
52 Weeks Range 19.54 - 43.09
Updated Date 06/30/2025
52 Weeks Range 19.54 - 43.09
Updated Date 06/30/2025
Dividends yield (FY) 0.88%
Basic EPS (TTM) 2.4

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 18.36%
Operating Margin (TTM) 6.07%

Management Effectiveness

Return on Assets (TTM) 0.38%
Return on Equity (TTM) 5.58%

Valuation

Trailing PE 11.37
Forward PE 8.45
Enterprise Value 342722464
Price to Sales(TTM) 2.07
Enterprise Value 342722464
Price to Sales(TTM) 2.07
Enterprise Value to Revenue 5.45
Enterprise Value to EBITDA -
Shares Outstanding 8697080
Shares Floating 8046108
Shares Outstanding 8697080
Shares Floating 8046108
Percent Insiders 7.68
Percent Institutions 76.35

Analyst Ratings

Rating 3
Target Price 29.6
Buy -
Strong Buy 2
Buy -
Strong Buy 2
Hold 3
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

First Internet Bancorp

stock logo

Company Overview

overview logo History and Background

First Internet Bancorp was founded in 1999 as the first state-chartered, FDIC-insured institution to operate solely online. It has grown through organic growth and strategic acquisitions, focusing on commercial real estate, small business lending, and consumer banking.

business area logo Core Business Areas

  • Commercial Real Estate Lending: Provides financing solutions for commercial real estate projects, including construction, bridge, and permanent loans.
  • Small Business Administration (SBA) Lending: Offers SBA loans to small businesses for various purposes, such as working capital, equipment purchases, and real estate acquisitions.
  • Consumer Banking: Provides online banking services to consumers, including checking accounts, savings accounts, and certificates of deposit.
  • Commercial Finance: Offer a variety of financial products and services to businesses, including asset-based lending, factoring, and equipment financing.

leadership logo Leadership and Structure

David Becker is the Chairman and CEO. The organizational structure includes various executive vice presidents overseeing key business lines and support functions. The company has a board of directors that provides oversight and guidance.

Top Products and Market Share

overview logo Key Offerings

  • Commercial Real Estate Loans: Offers various commercial real estate loans. Market share data is not readily available but competes with larger national and regional banks. Competitors include JPMorgan Chase (JPM), Bank of America (BAC), and regional banks like KeyCorp (KEY).
  • SBA Loans: Offers 7(a) and 504 SBA loans to small businesses. Competes with other SBA lenders such as Live Oak Bancshares (LOB) and regional banks. Market share data specific to First Internet Bancorp's SBA lending is not publicly available.
  • High-Yield Savings Accounts: Offer highly competitive rates on high-yield savings accounts to attract deposits. Competitors include Ally Financial (ALLY) and Capital One (COF). Market share data is fragmented and not easily accessible.
  • Commercial Finance: Offer a variety of commercial finance solutions to businesses, including asset-based lending, factoring, and equipment financing. Competitors include Wells Fargo (WFC) and Bank of America (BAC).

Market Dynamics

industry overview logo Industry Overview

The banking industry is undergoing rapid digital transformation, with increasing competition from fintech companies and evolving customer expectations. Interest rate fluctuations and regulatory changes also impact the industry. Community and regional banks compete based on personalized service and local market knowledge.

Positioning

First Internet Bancorp is positioned as a technology-driven bank focused on niche lending segments and online banking. Its competitive advantages include its low overhead due to its online-only model and its expertise in SBA and commercial real estate lending.

Total Addressable Market (TAM)

The total addressable market for online banking and niche lending is substantial, estimated in the trillions of dollars. First Internet Bancorp is positioned to capture a small but growing share of this TAM through its focused strategy.

Upturn SWOT Analysis

Strengths

  • Online-only business model (lower overhead)
  • Expertise in SBA and commercial real estate lending
  • Strong deposit growth
  • Good asset quality
  • Efficient operations

Weaknesses

  • Lack of physical branch network
  • Reliance on interest rate environment
  • Geographic concentration in the Midwest
  • Smaller size compared to larger competitors
  • Dependence on specific lending niches

Opportunities

  • Expansion into new geographic markets
  • Increased adoption of online banking
  • Growth in SBA lending volumes
  • Strategic acquisitions to expand product offerings
  • Leveraging technology for enhanced customer experience

Threats

  • Rising interest rates
  • Increased competition from fintech companies
  • Regulatory changes
  • Economic downturn impacting loan demand
  • Cybersecurity risks

Competitors and Market Share

competitor logo Key Competitors

  • ALLY
  • LOB
  • WAL
  • BAC
  • JPM

Competitive Landscape

First Internet Bancorp benefits from a low-cost operating model through its branchless strategy but operates at a significant disadvantage compared to large players in terms of brand recognition and capital resources.

Growth Trajectory and Initiatives

Historical Growth: First Internet Bancorp has experienced steady growth in its loan portfolio and deposit base over the past few years, driven by its online-only model and focus on niche lending markets. Specific numbers unavailable.

Future Projections: Analyst estimates project continued growth in earnings and assets, driven by expansion into new markets and increased lending activity. Specific numbers unavailable.

Recent Initiatives: Recent initiatives include investments in technology to enhance the customer experience and expansion of its commercial finance division.

Summary

First Internet Bancorp is a niche digital bank that is performing relatively well, with the low overhead inherent in the branchless model driving growth. It should capitalize on niche segments and further expand its product line. The company must focus on managing potential interest rate risks and competitive pressure. Continued investment in cybersecurity and digital infrastructure is key to success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Website
  • Analyst Reports
  • FDIC Data

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About First Internet Bancorp

Exchange NASDAQ
Headquaters Fishers, IN, United States
IPO Launch date 2004-12-28
Chairman & CEO Mr. David B. Becker
Sector Financial Services
Industry Banks - Regional
Full time employees 323
Full time employees 323

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certificates of deposit and brokered deposits. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, single tenant lease financing, public and healthcare finance, small business lending, franchise finance, residential mortgage, home equity, and other consumer loans. In addition, the company is involved in the provision of municipal finance lending and leasing products to government entities, as well as treasury management services; purchase, manage, service, and safekeeping of municipal securities; and offers corporate credit cards. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.