INBK
First Internet Bancorp
INBK's fundamentals are strong, but it looks expensive: trading at 15x earnings, above its usual 9.9x. Analysts expect strong earnings growth.
INBK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
INBK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like INBK.
INBK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 5.9x | $25.40 | — |
| Cheap | 6.6x | $11.23 | -56% |
| Fair | 9.8x | $16.69 | -34% |
| Expensive | 15x | $25.81 | +1.6% |
| Current | 15x | $25.40 | — |
Historical ranges are pointers, not guarantees.
INBK's PE is in its expensive range at 15x. If earnings grow as analysts expect, today's price would be 5.9x next year's earnings, in its cheap range.
INBK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for INBK, with profitability improving.
INBK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.33 | +155% |
| Q3 2026 | $1.70 | +$5.51 |
| Q2 2026 | -$3.60 | -306% |
| Q1 2026 | -$3.85 | -260% |
| Q4 2025 | -$4.03 | -240% |
| Q3 2025 | -$3.81 | -252% |
| Q2 2025 | $1.75 | -17% |
| Q1 2025 | $2.40 | +28% |
| Q4 2024 | $2.88 | +203% |
INBK has returned to profit: it earned $1.70 per share over the past year, after losing money the year before.
INBK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $43.9M | +670% |
| Q2 2026 | $41.1M | +23% |
| Q1 2026 | $43.1M | +21% |
| Q4 2025 | $41.7M | +5.6% |
| Q3 2025 | $5.7M | -83% |
| Q2 2025 | $33.5M | +3.7% |
| Q1 2025 | $35.5M | +22% |
| Q4 2024 | $39.5M | +45% |
INBK's revenue has grown year over year for four quarters in a row: $44M last quarter, up 670% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +968 points |
| Q2 2026 | 3.9% | +9.4 points |
| Q1 2026 | 4.1% | +4 points |
| Q4 2025 | 13% | -7.9 points |
| Q3 2025 | -956% | -979 points |
| Q2 2025 | -5.5% | -24 points |
| Q1 2025 | 0.1% | -19 points |
| Q4 2024 | 21% | +8 points |
INBK's operating margin was 12% last quarter, up 968 points from the same quarter a year ago.
INBK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $29.4M | -21% |
| Q2 2026 | $24.3M | +$115.1M |
| Q1 2026 | $75.3M | +131% |
| Q4 2025 | $23.4M | +$30.1M |
| Q3 2025 | $37M | +$37.2M |
| Q2 2025 | -$90.8M | -687% |
| Q1 2025 | $32.6M | +1663% |
| Q4 2024 | -$6.7M | -156% |
INBK's free cash flow was $152M over the past year, against −$28M the year before. Free cash flow isn't a meaningful measure for financial services companies like INBK.
INBK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +43.9K shares |
| 1 year | +1.4% | +124K shares |
| 3 years | -7.6% | -729K shares |
INBK has 9M diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $521,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $283,000 |
INBK Net Leverage
INBK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 16.8 | Oversold |
INBK's weekly RSI is 47 (neutral) and its Stochastic is 17 (oversold).
INBK PE vs Financial Services Sector
| Metric | INBK | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 82 | 63 | 19 pts above |
INBK is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.
INBK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.1 | 2.8% below |
| 20 week MA | $27.4 | 7.1% below |
| 50 week MA | $24.3 | 4.4% above |
| 100 week MA | $25.0 | 1.7% above |
| 200 week MA | $25.5 | 0.3% below |
INBK's trend is mixed: it's above two of its five weekly moving averages, and 0.3% below its 200-week average.
INBK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.1 | $28.9 | +20% |
| 2021 | $28.9 | $44.6 | +54% |
| 2022 | $44.6 | $24.6 | -45% |
| 2023 | $24.6 | $24.2 | -1.7% |
| 2024 | $24.2 | $36.6 | +51% |
| 2025 | $36.6 | $20.5 | -44% |
| 2026 YTD | $20.5 | $25.4 | +24% |
INBK has finished lower in three of the last six years. It's up 24% so far in 2026.