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Upturn AI SWOT - About
INBK 
First Internet Bancorp (INBK)
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Upturn Advisory Summary
08/28/2025: INBK (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $28.4
1 Year Target Price $28.4
| 2 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 61.74% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 220.35M USD | Price to earnings Ratio 14.37 | 1Y Target Price 28.4 |
Price to earnings Ratio 14.37 | 1Y Target Price 28.4 | ||
Volume (30-day avg) 5 | Beta 0.77 | 52 Weeks Range 19.50 - 43.00 | Updated Date 08/28/2025 |
52 Weeks Range 19.50 - 43.00 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 0.95% | Basic EPS (TTM) 1.76 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 14.55% | Operating Margin (TTM) -1.49% |
Management Effectiveness
Return on Assets (TTM) 0.27% | Return on Equity (TTM) 4.06% |
Valuation
Trailing PE 14.37 | Forward PE 8.45 | Enterprise Value 143800144 | Price to Sales(TTM) 2.07 |
Enterprise Value 143800144 | Price to Sales(TTM) 2.07 | ||
Enterprise Value to Revenue 4.33 | Enterprise Value to EBITDA - | Shares Outstanding 8713090 | Shares Floating 8062139 |
Shares Outstanding 8713090 | Shares Floating 8062139 | ||
Percent Insiders 7.67 | Percent Institutions 76.94 |
Upturn AI SWOT
First Internet Bancorp
Company Overview
History and Background
First Internet Bancorp was founded in 1999 as the first state-chartered, FDIC-insured institution to operate solely online. Initially focused on consumer banking, it has expanded into commercial banking, small business lending, and healthcare finance. Significant milestones include achieving profitability, expanding its lending portfolio, and growing its deposit base.
Core Business Areas
- Commercial Banking: Offers a range of lending and deposit products to businesses, including commercial real estate financing, equipment financing, and working capital loans.
- Small Business Administration (SBA) Lending: Provides SBA loans to small businesses for various purposes, such as expansion, equipment purchases, and working capital.
- Healthcare Finance: Offers financing solutions to healthcare providers and businesses, including equipment financing, working capital loans, and acquisition financing.
- Retail Banking: Focuses on online deposit accounts, including checking accounts, savings accounts, and certificates of deposit.
Leadership and Structure
David Becker is the Chairman and CEO. The company operates with a traditional corporate structure, with various departments reporting to the CEO and senior management team.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Commercial real estate lending forms a significant portion of the loan portfolio. Market share data is not publicly available at a granular level. Competitors include regional and national banks with commercial real estate divisions. Specific revenue contribution to company not publicly available.
- SBA Loans: First Internet Bank is an active SBA lender. Market share data is not publicly available at a granular level but is a major source of revenue for the company. Competitors include other banks and non-bank lenders specializing in SBA loans. Specific revenue contribution to company not publicly available.
- Online Deposit Accounts: Offers competitive interest rates on online savings accounts and certificates of deposit. Unable to acquire market share data; competes with other online banks and traditional banks offering online services. Specific revenue contribution to company not publicly available.
Market Dynamics
Industry Overview
The banking industry is undergoing digital transformation, with increasing competition from fintech companies and online banks. Interest rate environments and regulatory changes significantly impact bank profitability.
Positioning
First Internet Bancorp is positioned as a digital-first bank, leveraging technology to offer competitive products and services. Its competitive advantages include its nationwide reach, cost-efficient operating model, and focus on niche lending markets.
Total Addressable Market (TAM)
The TAM for online banking and specialized lending (SBA, Healthcare) is substantial, estimated to be in the trillions of dollars. First Internet Bancorp, with its niche focus, aims to capture a portion of this market.
Upturn SWOT Analysis
Strengths
- Digital-first operating model
- Nationwide reach
- Focus on niche lending markets (SBA, Healthcare)
- Experienced management team
- Strong capital position
Weaknesses
- Lack of physical branches
- Higher reliance on purchased funding
- Smaller scale compared to larger competitors
- Concentration in certain loan segments
Opportunities
- Further expansion into niche lending markets
- Increased adoption of digital banking
- Strategic acquisitions
- Partnerships with fintech companies
- Organic growth of existing product lines
Threats
- Increased competition from fintech companies and online banks
- Rising interest rates
- Economic downturn
- Regulatory changes
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- ALLY
- HBAN
- CASH
Competitive Landscape
First Internet Bancorp's competitive advantages include its digital-first operating model and focus on niche lending markets. Its disadvantages include its smaller scale and lack of physical branches compared to larger competitors.
Growth Trajectory and Initiatives
Historical Growth: First Internet Bancorp has experienced growth in its loan portfolio and deposit base over the past years, driven by its focus on niche lending markets and online banking platform.
Future Projections: Future growth is expected to be driven by continued expansion into niche lending markets, increased adoption of digital banking, and strategic initiatives.
Recent Initiatives: Recent initiatives include expanding its healthcare finance division, investing in technology upgrades, and focusing on organic growth.
Summary
First Internet Bancorp has carved a niche for itself as a digital-first bank, demonstrating solid growth within the online banking and specialized lending sectors. Its focused approach on commercial real estate, SBA, and healthcare lending, combined with the cost efficiencies of an online model, have been advantageous. However, it must address challenges associated with its lack of physical presence, intense market competition, and potential economic headwinds, particularly concerning interest rates. To sustain its trajectory, the company should capitalize on digital adoption trends and explore partnerships that expand its service offerings and geographic reach.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- SEC filings
- Market research reports
- Financial news outlets
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data are estimates and may not be precise. Financial information is based on available public data and may be subject to change. Please conduct your own research before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.
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