INBKZNasdaqState Commercial BanksUS GAAP · USD

First Internet Bancorp

First Internet Bancorp is an Indiana-based bank holding company that operates through First Internet Bank of Indiana, a digital-first FDIC-insured bank founded in 1999. It offers commercial, small business, consumer, and municipal banking products, with deposits and much of its lending originated through online channels and partner networks rather than branch offices.

Kysy yhtiöstä
Nettotulos−35,2milj. USD
−239,1 %v/v
Vapaa kassavirta2,2milj. USD
−78,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

01milj. USD202020212022202320242025
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: First Internet Bancorp

Liiketoiminta

Osuus liikevaihdosta
Deposit products25 %

Consumer, small business, commercial, and municipal deposit accounts gathered primarily through digital channels.

Small business lending20 %

SBA 7(a) loans and other small business credit products for entrepreneurs and emerging businesses.

Commercial lending30 %

C&I, construction, investor commercial real estate, and single-tenant lease financing.

Public finance10 %

Lending and leasing products to governmental entities and municipal securities-related activities.

Specialty finance10 %

Healthcare, franchise finance, and equipment finance portfolios plus related lending services.

Treasury and fee-based services5 %

Treasury management, card, payment, and partner-enabled banking services.

Asiakkaat

The bank serves small businesses, entrepreneurs, commercial borrowers, municipalities, and consumers, with a strong emphasis on digitally acquired relationships. Its lending mix also includes specialized borrowers such as healthcare, franchise, equipment finance, and real estate customers, while public finance serves governmental entities across the United States.

Small businesses and entrepreneurs

Buy SBA 7(a) loans, checking, deposits, and related banking services to fund growth and manage cash flow.

Commercial borrowers

Buy C&I loans, owner-occupied CRE, construction, and lease financing for operating and expansion needs.

Municipal and governmental entities

Buy public finance lending and leasing products and related municipal deposit services.

Consumers

Use digital deposit and consumer lending products sourced through online channels and partners.

Fintech and platform partners

Distribute deposit, payment, card, and lending products to broaden reach and acquire low-cost relationships.

Strategia

The company is building around a digital-first banking model that combines nationwide deposit gathering with relationship-based commercial lending. Its stated priorities are to deepen small business relationships, scale SBA lending, and use fintech partnerships to diversify funding, acquire deposits, and expand asset generation.

Scale SBA 7(a) lendingLyhyt aikaväli

Supports the bank's positioning with entrepreneurs and can broaden fee and interest income.

Deepen fintech partnershipsKeskipitkä aikaväli

Partnerships can improve customer acquisition, deposit gathering, and product distribution without branches.

Grow digital deposits and commercial relationshipsKeskipitkä aikaväli

A larger deposit base supports lending growth and reduces reliance on wholesale funding.

Maantiede

First Internet Bancorp is headquartered in Fishers, Indiana and operates without traditional branch offices, using digital channels for nationwide deposit gathering and much of its lending. Commercial lending is concentrated in the Midwest and Southwest for C&I borrowers, while construction, investor CRE, single-tenant lease financing, public finance, and small business lending are largely national in scope.

Riskit

The business depends heavily on technology, third-party systems, and digital channels, so outages, cyberattacks, or obsolescence could disrupt deposits, loan servicing, and customer acquisition. Credit performance is also exposed to economic conditions, commercial real estate cycles, and the success of newer products and fintech partnerships, all of which can create earnings volatility and regulatory scrutiny.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Technology and cybersecurity disruption1Credit deterioration from economic conditions2Execution risk in new products and fintech partnerships3Competitive pressure from digital banks and larger lenders4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Technology and cybersecurity disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Deposits and lending are heavily dependent on communications and information systems.

    KohdistuuDigital deposit gatheringLoan servicingOnline applications
  2. Credit deterioration from economic conditionsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Loan performance can weaken if borrowers face recession, rate pressure, or sector stress.

    KohdistuuC&ICRESBASpecialty financeConsumer portfolios
  3. Execution risk in new products and fintech partnershipsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New channels and products can strain controls, require regulatory approval, and fail to scale profitably.

    KohdistuuPartner-originated depositsPaymentsCardsLending
  4. Competitive pressure from digital banks and larger lendersVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Competitors may have greater funding capacity, technology budgets, and lending limits.

    KohdistuuConsumer bankingSBA lendingC&ICRE
Kysy Clarifolta: First Internet Bancorp

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

Management uses discounted cash flow and market-based methods with subjective assumptions.

Vaikutus: A write-down would reduce earnings and equity

Fair value estimates for loans and securities

Valuation depends on market inputs and model assumptions in a rate-sensitive balance sheet.

Vaikutus: Can affect reported asset values and gains/losses

Derivative and funding-related gains

Gains on swap terminations and FHLB advance prepayments can lift near-term earnings.

Vaikutus: Creates comparability issues across periods

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

First Bancorp, Inc

FNLC · National Commercial Banks

First Financial Corporation

THFF · State Commercial Banks

First Business Financial Services, Inc

FBIZ · State Commercial Banks

S&T Bancorp, Inc

STBA · State Commercial Banks

First Financial Bancorp

FFBC · National Commercial Banks

First Community Corporation

FCCO · State Commercial Banks

Päivitetty: 24.9.2026

First Internet Bancorp (Nasdaq) – State Commercial Banks | Analyysi – Clarifo