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 7,290 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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$38
27%
upside
Avg. target
$39
30%
upside
High target
$40
33%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Piper Sandler Nathan Race 69% 1-year accuracy 18 / 26 met price target | 27%upside $38 | Neutral Maintained | 27 Jan 2025 |
Keefe, Bruyette & Woods Timothy Switzer 71% 1-year accuracy 17 / 24 met price target | 33%upside $40 | Market Perform Reiterated | 24 Jan 2025 |
Financial journalist opinion
Based on 3 articles about INBK published over the past 30 days
Neutral
Business Wire
5 days 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
3 weeks 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
3 weeks 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
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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 month 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 month 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.
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