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First Internet Bancorp: Sound ship (one warning sign)Sound ship

First Internet Bancorp $INBK

Grew revenue 102% in FY2019 to $12 million, equity 7.4% of assets.

Last filing8-K · Item 2.02 Results of Operations and Financial Condition, 29 Oct 2026

Health watchNo warning filings in 12 months
Follow its filings →
Next year, 80%$14M–$25M
Growth, on the year101.8%
Operating margin—
Equity of assets7.4%
Edgarette’s full reading · exposure, experience, soundness, credibility, range

🫧 Edgar looked up First Internet Bancorp ($INBK). Last filing: 8-K (2.02 Results of Operations and Financial Condition), 2026-10-29. 10 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $11.5M (FY2019), total debt $514.9M. Experience: revenue up 101.8% on the year, up 21.4% a year over 2 years. Soundness: equity 7.4% of assets, return on equity 8.3%, payout 9.6% of profit. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $13.7M and $24.6M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (31 filers, $50M+ revenue, state commercial banks): growth 101.8% against 7.5%.

Read from its own SEC filings · nothing written, nothing inferred

First Internet Bancorp against its own record and its peers
Revenue, on the yearPeer median 7.5%101.8%Equity of assetsPeer median 10.5%7.4%Return on equityPeer median 9.7%8.3%Payout of profitPeer median 37.9%9.6%Gold tick: the median of 29–31 peers with $50M+ revenue in state commercial banks
Handed back now, or kept to compound · of each dollar of profit
9.6% paid out90.4% keptHanded back per share$0.24Growth its own profit can fund7.5%managed 101.8% last year

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

Cash

Cash flow (op · inv · fin · free)−$44M · −$313M · $495M · −$48M
Investment book (cash · short · long)$327M · $0M · $211M · unrealized −$6M

The figures, as filed

Fiscal year end2019-12-31
Revenue$12M
Revenue, on the year101.8%
Revenue, a year over the record21.4%
Operating margin—
Operating margin, prior year—
Net margin218.7%
Research and developmentnot filed separately
Total debt$515M
Equity of assets7.4%
Return on equity8.3%
Payout of profit9.6%
Dividend per share$0.24
Earnings per share$2.51
Book value per share$30.36
Revenue per share$1.15
Shares outstanding10,044,483
Audited years read3

Peers: the median of 31 filers with $50M+ revenue in state commercial banks.

Classic signals · fiscal 2019Altman Z″ not covered: built for industrial balance sheets, not banks or insurersPiotroski F 3 of 9 middling 2000Beneish M not covered: built for industrial filersSloan accruals 1.8% earnings backed by cash 1996DuPont ROE 8.5% = margin 218.7% × turns 0 × leverage 12.87

What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →

Health HarborFirst Internet Bancorp sails as: Sound ship

Health watch · 12 monthsquiet · none of the watched events filed

No growth figure to set the speed.

🌊 Visit the Bay →
  • revenue is hard to predict: its 80% range is ±28%

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Recent filings

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2019, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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Data & Disclosure Notice: Edgar and Edgarette are automated software. Every figure on this page is calculated by software from public filings made by companies and funds with the U.S. Securities and Exchange Commission (EDGAR) and is published without individual human review. The accuracy and completeness of those filings are the responsibility of the filers; reports can contain errors and can be amended. Figures are shown as filed and as of each filing's date, and this page may be corrected or updated without notice. Ranges, expected returns, rankings, boats and other measures are statistical descriptions of past filings, not ratings, price forecasts, company guidance or recommendations; past results do not guarantee future results. This is general information published for all readers, not advice tailored to any person's portfolio, needs or circumstances, and nothing here is financial, investment, actuarial, legal, tax or other professional advice. Actuaries and other professionals who use these figures remain responsible for reviewing them for reasonableness and consistency against the original filings and for disclosing their reliance on them. No company, fund or reinsurer pays to be included or ranked. Provided as is, without warranty of any kind. Not affiliated with or endorsed by the SEC or by any company, fund or reinsurer named. All trademarks remain the property of their owners.