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 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
9,436% more call options, than puts
Call options by funds: $1.34M | Put options by funds: $14K
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
7% more capital invested
Capital invested by funds: $217M [Q3] → $231M (+$14.4M) [Q4]
3% more funds holding
Funds holding: 116 [Q3] → 120 (+4) [Q4]
1.03% more ownership
Funds ownership: 73.01% [Q3] → 74.04% (+1.03%) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 37
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$38
60%
upside
Avg. target
$39
64%
upside
High target
$40
68%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Hovde Group Brett Rabatin 75% 1-year accuracy 3 / 4 met price target | 64%upside $39 | Outperform Maintained | 2 Apr 2025 |
Piper Sandler Nathan Race 44% 1-year accuracy 11 / 25 met price target | 60%upside $38 | Neutral Maintained | 27 Jan 2025 |
Keefe, Bruyette & Woods Timothy Switzer 56% 1-year accuracy 14 / 25 met price target | 68%upside $40 | Market Perform Reiterated | 24 Jan 2025 |
Financial journalist opinion
Neutral
Business Wire
2 weeks 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.
Neutral
Business Wire
1 month ago
First Internet Bank Welcomes Blake Sanderson as Commercial Real Estate Leader
FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank today announced that J. Blake Sanderson has joined the organization as First Vice President, Commercial Real Estate Acquisition, Development and Construction. In this position, he will work to further expand relationships and a portfolio currently exceeding $1 billion in commitments. Mr. Sanderson succeeds Nick Campbell, who has been elevated to the role of Senior Credit Officer, assuming responsibility for the bank's commercial credit adminis.
Neutral
Business Wire
1 month ago
First Internet Bank Promotes David Bybee to Lead SBA Lending Team
FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that David Bybee has been promoted to the newly created role of Senior Vice President, Government Guaranteed Lending. In his new role, he will oversee all aspects of First Internet Bank's Small Business Administration (SBA) Lending operation, from origination through servicing. “Since his arrival, David has been a driving force behind our growth, helping us to become one of the nation's Top 10 SBA 7(a) lenders,” noted President.
Neutral
Business Wire
1 month ago
First Internet Bank Expands Small Business Administration Lending Team
FISHERS, In.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that Austin Porter has joined the organization as Vice President, Business Development Officer. He joins the Bank's growing Small Business Administration (SBA) Lending team – one currently among the Top 10 for SBA 7(a) lenders nationwide. “Austin is an important addition,” said First Internet Bank Vice President, National SBA Sales Manager Mark Gibson. “His experience will help our small business partners access the capital they.
Neutral
Business Wire
1 month ago
First Internet Bank Named 2024 Online Lender of the Year by Coleman Report
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank announced today that it has been named the 2024 Online Lender of the Year by Coleman Report, a leading publication in the small business lending industry. The publication's annual awards celebrate financial institutions and individuals who demonstrate exceptional performance in Small Business Administration (SBA) lending. The Online Lender of the Year award acknowledges First Internet Bank's success in combining outstanding customer service wi.
Neutral
Seeking Alpha
2 months ago
First Internet Bancorp (INBK) Q4 2024 Earnings Call Transcript
First Internet Bancorp (NASDAQ:INBK ) Q4 2024 Earnings Conference Call January 23, 2024 2:00 PM ET Company Participants Ben Brodkowitz - Financial Profiles, Inc. David Becker - Chairman & CEO Ken Lovik - EVP & CFO Conference Call Participants Brett Rabatin - Hovde Group Tim Switzer - KBW Nathan Race - Piper Sandler George Sutton - Craig Hallum John Rodis - Janney Montgomery Scott Operator Good day, everyone, and welcome to the First Internet Bancorp's Fourth Quarter and Full Year 2024 Conference Call. [Operator Instructions] Please note that today's event is being recorded.
Positive
Zacks Investment Research
2 months ago
Here's What Key Metrics Tell Us About First Internet (INBK) Q4 Earnings
Although the revenue and EPS for First Internet (INBK) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
2 months ago
First Internet Bancorp (INBK) Q4 Earnings Miss Estimates
First Internet Bancorp (INBK) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.48 per share a year ago.
Neutral
Business Wire
2 months ago
First Internet Bancorp Reports Fourth Quarter and Full Year 2024 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 fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Net income of $7.3 million, an increase of 4.9% from the third quarter of 2024 Diluted earnings per share of $0.83, an increase of 3.8% from the third quarter of 2024 Net interest income of $23.6 million.
Neutral
Zacks Investment Research
2 months ago
First Internet (INBK) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Get a deeper insight into the potential performance of First Internet (INBK) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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