First Internet BancorpINBK
INBK
About: First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking or treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.
Employees: 326
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
21% more call options, than puts
Call options by funds: $35K | Put options by funds: $29K
4% more funds holding
Funds holding: 121 [Q4 2024] → 126 (+5) [Q1 2025]
5% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 40
1.62% less ownership
Funds ownership: 74.12% [Q4 2024] → 72.5% (-1.62%) [Q1 2025]
27% less capital invested
Capital invested by funds: $231M [Q4 2024] → $169M (-$62.4M) [Q1 2025]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 1 (-1) [Q1 2025]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$24
3%
upside
Avg. target
$31
33%
upside
High target
$39
67%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer | 29%upside $30 | Market Perform Maintained | 29 Apr 2025 |
Piper Sandler Nathan Race | 3%upside $24 | Neutral Maintained | 28 Apr 2025 |
Hovde Group Brett Rabatin | 67%upside $39 | Outperform Maintained | 2 Apr 2025 |
Financial journalist opinion
Neutral
Business Wire
4 days ago
First Internet Bank Repeats as an Indianapolis Star Top Workplace
FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank was once again named one of Central Indiana's Top Workplaces by The Indianapolis Star, earning a spot on the list for mid-sized companies for the twelfth consecutive year. Top Workplace rankings are based on employee feedback gathered through a third-party survey that measures aspects of workplace culture, including alignment, execution and engagement. “We are proud to once again be recognized as a Top Workplace,” said Nicole Lorch, President.
Neutral
Business Wire
1 month ago
David Becker Named the 2025 Indianapolis Business Journal Mickey Maurer Entrepreneur of the Year
FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--David Becker, Chairman and Chief Executive Officer of First Internet Bank and its parent company First Internet Bancorp (Nasdaq: INBK), has been named the recipient of the 2025 Indianapolis Business Journal (IBJ) Mickey Maurer Entrepreneur of the Year Award. This prestigious honor recognizes his pioneering contributions to digital banking and enduring impact on Indiana's entrepreneurial and philanthropic landscape. Mr. Becker founded First Internet Bank in 1999 a.
Negative
Seeking Alpha
1 month ago
U.S. Banks' Credit Outlooks Show Signs Of Deterioration In Q1 Earnings Reports
US banks' credit quality outlooks dimmed in first quarter earnings calls after President Donald Trump's tariffs on US trading partners drove market volatility and greater economic uncertainty. Several US banks increased their credit loss reserves during the first quarter as rising economic uncertainty and increasing recession odds coincided with softening credit quality at some companies. Simmons First National Corp. increased its allowance for credit losses by 10 basis points during the quarter, according to a company filing.
Neutral
Seeking Alpha
1 month ago
First Internet Bancorp (INBK) Q1 2025 Earnings Call Transcript
First Internet Bancorp (NASDAQ:INBK ) Q1 2024 Earnings Conference Call April 24, 2025 2:00 PM ET Company Participants Ben Brodkowitz - Financial Profiles, Inc. David Becker - Chairman and CEO Nicole Lorch - President, Chief Operating Officer and Corporate Secretary Ken Lovik - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Switzer - KBW Nathan Race - Piper Sandler Brett Rabatin - Hovde Group Logan Lillehaug - Craig Hallum Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Conference Call for the First Quarter of 2025. At this time all lines are in listen-only mode.
Neutral
Zacks Investment Research
1 month ago
Compared to Estimates, First Internet (INBK) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for First Internet (INBK) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 month ago
First Internet Bancorp (INBK) Q1 Earnings and Revenues Lag Estimates
First Internet Bancorp (INBK) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.59 per share a year ago.
Neutral
Business Wire
1 month ago
First Internet Bancorp Reports First Quarter 2025 Results
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Net income of $0.9 million and diluted earnings per share of $0.11 Pre-tax, pre-provision income (“PTPP”) of $12.0 million1 An increase of 10.8% from adjusted PTPP1 for the fourth quarter of 2024 An increase of 48.5% from.
Positive
Zacks Investment Research
2 months ago
First Internet (INBK) Soars 9.4%: Is Further Upside Left in the Stock?
First Internet (INBK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Neutral
Business Wire
2 months ago
First Internet Bancorp to Announce First Quarter 2025 Financial Results on Wednesday, April 23
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its first quarter 2025 financial results after the market closes on Wednesday, April 23, 2025. A conference call and webcast to discuss the results will be held the following day, Thursday, April 24 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, April 24, 202.
Neutral
Business Wire
2 months ago
First Internet Bancorp to Pay Cash Dividend
FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on April 15, 2025 to shareholders of record at the close of business on March 31, 2025. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, f.
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