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FIRST INTERNET BANCORP (INBK)

Financials · Regional banking / Digital banking · NASDAQ

First Internet Bancorp is a pioneer in digital banking, providing nationwide commercial, small business, and municipal financial services through a branchless, fintech-integrated model.

What FIRST INTERNET BANCORP does

First Internet Bancorp is a bank holding company that operates First Internet Bank, a digital-first institution providing a suite of commercial, small business, consumer, and municipal banking products nationwide without traditional branches. The company utilizes a relationship banking model and strategic partnerships with fintech companies to offer services including commercial and industrial lending, construction and commercial real estate finance, public finance, and treasury management. It is also an active lender in the SBA 7(a) program and leverages a Banking-as-a-Service (BaaS) platform to deliver payment, deposit, and card solutions.

Recent developments

The company reported significant improvements in credit quality during Q2 2026, with declining nonaccrual loans and delinquencies. It also saw a 172% year-over-year increase in fee revenue from its Banking-as-a-Service (BaaS) platform and plans to increase retention of embedded finance small business loans.

From FIRST INTERNET BANCORP's filing of 2026-08-05.

Themes: Digital banking, Fintech partnerships, Banking-as-a-Service (BaaS), Small business lending, Commercial real estate finance, Public finance

Fundamentals

  • Price$26.46 as of 2026-10-08 close
  • Market cap$231M as of 2026-07-31 (share count; price 2026-10-08)
  • 1-year return+19.6% 2025-10-08 close $22.13 → 2026-10-08 close $26.46
  • P/En/a negative earnings
  • ROE-9.8% FY2025, SEC XBRL
  • Debt / equity0.29 as of 2026-09-02
  • Beta1.09 as of 2026-09-02
  • Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)

Dividend: yield +0.9%; at least 14 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.

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How INBK compares in its sector

  • return on equitybottom 10% 559 covered Financials peers, as of 2026-09-02
  • indicated dividend yieldbottom 25% 468 covered Financials peers, as of 2026-09-02
  • free cash flow (absolute dollars, latest fiscal year)bottom 25% 430 covered Financials peers, as of FY2025

Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Dividend coverage (FY2025)

Covered by reported results. In FY2025, INBK's dividend was covered by reported results (free-cash-flow payout 94%). This describes past coverage, not a forecast.

  • Earnings payoutnot assessable earnings were not positive that year
  • Free-cash-flow payout94% dividends / (operating cash flow − capex)

Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.

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How FIRST INTERNET BANCORP looks technically

FIRST INTERNET BANCORP (INBK) is trading 9.0% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 104 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 23 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative). It made a new 20-day low about 11 trading days ago. Trading volume is unusually light — only about 48% of its 30-day average.

Trend

8
Distance from the 200-dayit is trading 9.0% above its 200-day average, the long-term trend line — a longer-term uptrend+9.0%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $28.06$28.06
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $24.27$24.27
Swing structureeach recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes nextlower highs and lower lows
Last swing turnits last significant turn was a swing low 14 calendar days ago — the swings before that are what the structure reading is measured on14 sessions
Wave structureits recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 27.02. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction.possible downward five-wave sequence, in wave 4 (one of several readings)
Since the 50/200 crossits 50-day average crossed above its 200-day average about 104 trading days ago — a "golden cross", a bullish long-term signal104 sessions
Trend strength (14-day ADX)a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 23 (a reading of 25+ marks a strong trend)22.5

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30)42.6
Position in its 14-day rangeit is trading around the middle of its 14-day range ($24.46 to $28.13) — its "stochastic" reading is 55 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions.54.5
Since the MACD crossed zeroMACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative)2 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $31.09$31.09
From the 52-week highit is 14.9% below its 52-week high (its highest price of the past year)-14.9%
Above the 52-week lowit is 54.2% above its 52-week low (its lowest price of the past year)+54.2%
Below the 52-week highit is 14.9% below its highest point of the past year14.9%
Since a 20-day breakoutit made a new 20-day low about 11 trading days ago11 sessions
Since a 55-day breakoutit made a new 55-day high about 48 trading days ago48 sessions
All-time highits highest closing price on record is $53.56 (set on 2022-01-20)$53.56
Given back of the 52-week moveover the past year its closes ranged ($17.26 to $29.94), and it has given back roughly a quarter of its rise from last year’s low — 27% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $21.70 to $22.10. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.27.4%
From the all-time highit is 50.6% below its all-time high-50.6%
Nearest price levelit is trading 1.2% below a resistance level at $26.77 — a price it turned at three times since 2025-04-23, most recently on 2026-08-27. Since 2024-10-08 it has 8 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.+1.2%
All-time lowits lowest closing price on record is $2.84 (set on 2010-02-22)$2.84
Above the all-time lowit is 831.7% above its all-time low+831.7%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are about average versus its own recent 6-month history33rd percentile
Typical daily rangein a typical session it travels about $0.8996 between its high and its low — about 3.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$0.8996
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $25.46 and $28.70 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$25.46 – $27.08 – $28.70
Typical daily range (% of price)its price moves about 3.4% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price3.4%
Stretch from the 200-day averageit is trading 2.4 daily ranges above its 200-day average price (9.0% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale2.4 daily ranges above its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is unusually light — only about 48% of its 30-day average0.48×

Analyst

2
Change in the average price targetanalysts' average price target is unchanged from the prior reading0.0%
Change in the consensus ratingnot available for this company yetn/a

Candlestick patterns

1
Since a bearish engulfing3 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it3 sessions ago

Price gaps

2
Gap at the openit opened on 2026-10-08 1.0% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close-1.0%
Gap filleda 6.2% gap down opened on 2026-09-24 has been "filled" 10 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it10 sessions ago

Price streaks

1
Closing streakit has closed lower 4 sessions in a row, a -4.2% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session4 sessions down

Relative strength

4
vs market, 1 monthover the past 1 month this stock lagged the market by 8.9 percentage points (the stock lost 7.9% while the market gained 1.0%)-8.9%
vs market, 3 monthsover the past 3 months this stock lagged the market by 4.0 percentage points (the stock lost 0.2% while the market gained 3.8%)-4.0%
vs market, 6 monthsover the past 6 months this stock beat the market by 3.8 percentage points (the stock gained 21.3% while the market gained 17.5%)+3.8%
vs market, 12 monthsover the past 12 months this stock beat the market by 4.6 percentage points (the stock gained 19.6% while the market gained 15.0%)+4.6%

Signal agreement

2
Bullish technical signals3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months — these describe past price behaviour, not a forecast3 of 9
Bearish technical signals2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast2 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading 5.9% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.8% of the share price, which is taken to mean a barrier that gives way easily.-5.9%

Volume-weighted price

2
Vs this year’s average price paidthe price is 9% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $24.31 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP.+8.8%
Vs the average paid since it last reportedthe price is 6% below the average price paid since it last reported on 2026-07-30 (its 8-K), so the typical buyer over that stretch is under water. That average is $28.20 — a volume-weighted average of daily closes over 50 sessions, not a true tick-by-tick VWAP.-6.2%

Double top, bearish — broke down · entry $27.34 · 47 sessions in

Price levels it has turned at before

INBK last closed at $26.46 on 2026-10-08. Since 2024-10-08 it has turned at 8 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.

LevelSideDistanceEvidence
$26.77Resistance1.2% above the last closeturned there three times · 2025-04-23 to 2026-08-27
$25.89Support2.2% below the last closeturned there twice · 2025-03-12 to 2025-08-29
$25.41Support4.0% below the last closeturned there five times · 2025-05-15 to 2026-07-24
$24.65Support6.8% below the last closeturned there five times · 2025-06-11 to 2026-09-24
$28.33Resistance7.1% above the last closeturned there twice · 2025-07-03 to 2025-07-15
$30.04Resistance13.5% above the last closeturned there five times · 2025-01-23 to 2026-09-04

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.

This labelling fails — stops being a possible reading at all — if it closes above $27.02.

This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.

On past moves of this shape the leg has usually ended somewhere between $25.81 and $27.02 — that is where it has tended to end if the count holds, not a forecast of where the price goes.

Alternate reading: The same swings also read as a completed three-part correction, which fails on a close below $24.46.

This reading has stood for 3 trading days, since 2026-10-06.

Read from daily closes as of 2026-10-08.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.

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Analyst consensus

  • Consensus ratingBuy (2.20 mean, 1=Strong Buy…5=Strong Sell) — 5 analysts
  • Mean price target$30.70 range $27.00 – $35.00; median $29.50

Analyst estimates, as of 2026-10-09. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for INBK

  • Consensus EPS estimate$0.7775 next reporting period, as of 2026-10-09
  • Estimate change, 30 days+$0.0025 (+0.3%) from $0.775, on 2026-09-04, 35-day window
  • Readings revised upward11% of 9 comparable readings

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["Heavy reliance on communications and information systems for digital banking operations.","Credit quality and risk of loan defaults, particularly in small business and franchise finance portfolios.","Regulatory and capital constraints on the Bank's ability to pay dividends to the parent company."]

See INBK's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of INBK's 10-Q filed 2026-05-06 against the prior one filed 2025-11-10.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Newer filing references Form 10-K for year ended December 31, 2025 (older filing referenced December 31, 2024)
    • Newer filing mentions closing $72.5 million in SBA 7(a) loans during three months ended March 31, 2026
    • Newer filing states 'specialty finance team manages our healthcare, franchise finance and equipment finance portfolios' (consolidated language)
    • Newer filing reports Q1 2026 net income of $2.5 million ($0.29 diluted EPS) vs Q1 2025 net income of $0.9 million ($0.11 diluted EPS)
    • Newer filing reports consolidated assets of $5.7 billion, deposits of $5.0 billion, stockholders' equity of $361.0 million as of March 31, 2026
    • Newer filing includes ROAA, ROAE, and ROATCE metrics for Q1 2026 and Q1 2025
    • Newer filing reports PPNR of $18.1 million for Q1 2026 vs $12.0 million for Q1 2025
    • Newer filing includes consolidated average balance sheet and net interest income table with data for three months ended March 31, 2026 and March 31, 2025
  • Removed:
    • Older filing's detailed discussion of third quarter 2025 net loss of $41.6 million and nine-month results removed
    • Older filing's specific disclosure about $836.9 million single tenant lease financing loan sale with $37.8 million pre-tax loss removed
    • Older filing's reference to Provide, Inc. partnership and healthcare finance team history removed
    • Older filing's reference to ApplePie Capital franchise finance partnership removed
    • Older filing's disclosure that company ranked 7th largest SBA 7(a) lender for SBA's 2025 fiscal year removed
    • Older filing's consolidated assets of $5.6 billion, deposits of $4.9 billion, stockholders' equity of $352.2 million as of September 30, 2025 removed
  • Reworded:
    • Commercial banking products language simplified: older filing listed 'C&I), construction and investor commercial real estate, single tenant lease financing, public finance, healthcare finance, small business lending, franchise finance' while newer filing groups as 'C&I lending, construction and investor commercial real estate lending, single tenant lease financing, public finance, specialty finance, small business lending'
    • Reference to fintech partnerships changed from 'We also offer' (older) to 'We offer' (newer), removing the 'also'
    • SBA lending disclosure changed from nine-month period and ranking statement to three-month specific dollar amount without ranking mention
  • Notes:
    • The two filings cover different reporting periods (Q1 2026 vs Q3 2025/9M 2025) which explains most substantive differences
    • The newer filing text appears truncated at the consolidated average balance sheet section, limiting full comparison of financial tables
    • Overview section language is largely identical between filings except for specific business partnership disclosures

Risk Factors

  • Added:
    • Added Item 2 section titled 'Repurchases of Common Stock' describing a $25.0 million repurchase authorization from October 20, 2025 (filed 2026-05-06)
    • Added detailed stock repurchase table showing activity for Q1 2026 with columns for shares purchased, average price, and remaining authorization amount (filed 2026-05-06)
    • Added subsection 'Limitations on the Payment of Dividends' describing restrictions on dividend payments and capital distributions by the Company and the Bank (filed 2026-05-06)
  • Removed:
    • Removed Item 2 content 'None.' (filed 2025-11-10)
    • Removed Item 5 disclosure regarding Rule 10b5-1 trading arrangements: 'During the three months ended September 30, 2025, no directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any non-Rule 10b5-1 trading arrangement (filed 2025-11-10)
    • Removed Exhibit 10.1 'Loan Portfolio Purchase Agreement, dated September 5, 2025' from exhibits table (filed 2025-11-10)
  • Reworded:
    • Item 1A Risk Factors statement changed from 'previously disclosed in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2024' to 'for the year ended December 31, 2025' (filed 2026-05-06 vs 2025-11-10)
    • Item 5 changed from disclosure text to 'None.' (filed 2026-05-06 vs 2025-11-10)
  • Notes:
    • The newer filing represents Q1 2026 (quarter ended March 31, 2026) while the older filing represents Q3 2025 (quarter ended September 30, 2025), so some changes may reflect normal progression between quarterly periods rather than material policy shifts

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.

Most recent open-market transaction: 2026-02-24. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.

View full insider trading history → View SEC Form 3/4/5 filings

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Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

4 institutional 13F filers reported holding INBK as of 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 4
  • Reported shares held 991,007
  • Reported value $27,557,991

reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

INBK had 205,521 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).

INBK had 2.35% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.49 days to cover at the same settlement.

  • Reported short interest (shares) 205,521
  • Short interest (% of shares outstanding) 2.35%
  • Prior settlement (shares) 204,694
  • Reported change 0.4%
  • Days to cover (reported) 3.49

Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does FIRST INTERNET BANCORP (INBK) do?

First Internet Bancorp is a bank holding company that operates First Internet Bank, a digital-first institution providing a suite of commercial, small business, consumer, and municipal banking products nationwide without traditional branches. The company utilizes a relationship banking model and strategic partnerships with fintech companies to offer services including commercial and industrial lending, construction and commercial real estate finance, public finance, and treasury management.

What sector is FIRST INTERNET BANCORP (INBK) in?

FIRST INTERNET BANCORP (INBK) is classified in the Financials sector. Its industry is Regional banking / Digital banking. It trades on NASDAQ.

Does INBK pay a dividend?

Yes — FIRST INTERNET BANCORP (INBK) pays a dividend, with an indicated yield of about 0.86% and at least 14 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-02). Informational only — not financial advice.

Who are FIRST INTERNET BANCORP's (INBK) competitors?

Notable peers of FIRST INTERNET BANCORP (INBK) include Banc of California, Live Oak Bancshares, Axos Financial, Western Alliance Bancorporation and Customers Bancorp. This peer set is informational only — not financial advice.

Is FIRST INTERNET BANCORP (INBK) overbought or oversold right now?

FIRST INTERNET BANCORP (INBK) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 43, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on INBK come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-10-08.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.