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/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: 290
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,042% more call options, than puts
Call options by funds: $1.57M | Put options by funds: $137K
283% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 6
28% more capital invested
Capital invested by funds: $169M [Q2] → $217M (+$47.8M) [Q3]
16% more funds holding
Funds holding: 100 [Q2] → 116 (+16) [Q3]
10% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 29
0.84% more ownership
Funds ownership: 72.17% [Q2] → 73.01% (+0.84%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$45
27%
upside
Avg. target
$45
27%
upside
High target
$45
27%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer 85% 1-year accuracy 17 / 20 met price target | 27%upside $45 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 4 articles about INBK published over the past 30 days
Neutral
Zacks Investment Research
19 hours 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.
Neutral
Business Wire
1 week ago
First Internet Bank Recognized in GOBankingRates 2025 Best Banks Awards
FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that it has been included in GOBankingRates' 2025 Best Banks Awards. The bank received accolades in four categories: Best Checking account, Best Money Market, Best CD Rates and Top 10 CD Rates. To formulate its rankings, GOBankingRates evaluates 100 of the largest banks, online banks and neobanks across nine categories, analyzing FDIC data and product offerings to identify industry leaders. “It's an honor to see national media.
Neutral
Business Wire
1 week ago
First Internet Bancorp to Announce Fourth Quarter 2024 Financial Results on Wednesday, January 22
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 fourth quarter 2024 financial results after the market closes on Wednesday, January 22, 2025. A conference call and webcast to discuss the results will be held the following day, Thursday, January 23 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, January 23, 20.
Positive
Seeking Alpha
2 weeks ago
First Internet Bancorp: Floating Debt Securities Offer High Single-Digit Yield
First Internet Bancorp's Q3 results show strong net interest income growth and significant profits from loan sales, despite higher loan loss provisions. The bank's baby bond, now offering a floating rate yield of 3M SOFR +437 bps in total, provides attractive interest payments, surpassing the previous fixed rate. I remain satisfied with my position in the baby bond, expecting the three-month SOFR rate to decrease, reducing the bank's interest expenses.
Neutral
Business Wire
1 month 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 January 15, 2025 to shareholders of record at the close of business on December 31, 2024. 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 operatio.
Negative
Zacks Investment Research
2 months ago
Bears are Losing Control Over First Internet (INBK), Here's Why It's a 'Buy' Now
First Internet (INBK) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Positive
Zacks Investment Research
2 months ago
Wall Street Analysts Believe First Internet (INBK) Could Rally 25.04%: Here's is How to Trade
The mean of analysts' price targets for First Internet (INBK) points to a 25% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Neutral
Seeking Alpha
2 months ago
First Internet Bancorp (INBK) Q3 2024 Earnings Call Transcript
First Internet Bancorp (NASDAQ:INBK ) Q3 2024 Earnings Conference Call October 24, 2024 2:00 PM ET Company Participants Ben Brodkowitz - Financial Profiles, Inc. David Becker - Chairman & Chief Executive Officer Ken Lovik - Executive Vice President & Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group Tim Switzer - KBW Nathan Race - Piper Sandler George Sutton - Craig-Hallum Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Conference Call for the Third Quarter of 2024. At this time, all lines are in a listen-only mode.
Positive
Zacks Investment Research
2 months ago
First Internet (INBK) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for First Internet (INBK) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
2 months ago
First Internet Bancorp (INBK) Q3 Earnings Miss Estimates
First Internet Bancorp (INBK) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.39 per share a year ago.
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