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First Internet Bancorp
Previous close
$33.72
Day range
$33.22 - $34.38
Year range
$9.68 - $34.99
Market cap
287.55M USD
Avg Volume
42.74K
P/E ratio
34.96
Dividend yield
0.72%
Primary exchange
NASDAQ
Market news
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 23.61M | -6.91% |
Operating expense | 18.72M | -1.63% |
Net income | 4.14M | -34.77% |
Net profit margin | 17.54 | -29.95% |
Earnings per share | 0.48 | -29.41% |
EBITDA | — | — |
Effective tax rate | -16.44% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 411.71M | 55.11% |
Total assets | 5.17B | 13.75% |
Total liabilities | 4.80B | 15.00% |
Total equity | 362.80M | — |
Shares outstanding | 8.66M | — |
Price to book | 0.80 | — |
Return on assets | 0.32% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 4.14M | -34.77% |
Cash from operations | 12.30M | 37.52% |
Cash from investing | -109.76M | 54.11% |
Cash from financing | -17.85M | -106.72% |
Net change in cash | -115.31M | -424.81% |
Free cash flow | — | — |
About
First Internet Bancorp is a bank holding company that operates First Internet Bank of Indiana, sometimes called First Internet Bank or First IB, an early state-chartered, Federal Deposit Insurance Corporation-insured institutions to operate without physical branches.
The bank was founded in 1997 by entrepreneur David B. Becker, incorporated on October 28, 1998, and opened to the public on February 22, 1999. It is engaged primarily in online retail banking and investment in securities. Services include interest-bearing checking accounts, regular and money market savings accounts, certificates of deposit, individual retirement accounts, credit cards, and check cards. The bank also offers personal lines of credit, installment loans, real-time transfers between accounts, and the ability to display checking, savings and loan information on a single screen.
First IB is a privately capitalized institution with over 300 private and corporate investors. On March 21, 2006, the bank consummated a Plan of Exchange by which the bank became a wholly owned subsidiary of First Internet Bancorp, a single-bank holding company. Wikipedia
Founded
1996
Headquarters
Employees
289