OverviewSuggest Edit

First Internet Bancorp provides commercial and retail banking products and services in the United States. The Company offers savings accounts, non-interest bearing and interest-bearing accounts, money market accounts, brokered deposit accounts, and certificates of deposit. It also provides loans to individuals, including residential real estate loans, home equity loans and lines of credit, and consumer loans.
TypePublic
Founded1999
HQFishers, IN, US
Websitefirstib.com
Employee Ratings4.6

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Latest Updates

Employees (est.) (Dec 2018)201(-2%)
Revenue (FY, 2019)$11.5 M(+32%)
Share Price (Dec 2020)$26.5 (+5%)
Cybersecurity ratingAMore

Key People/Management at First Internet Bancorp

David Becker

David Becker

President and Chief Executive Officer
David B. Becker

David B. Becker

President and Chief Executive Officer
Nicole Lorch

Nicole Lorch

Executive Vice President and Chief Operating Officer
Timothy C. Dusing

Timothy C. Dusing

Senior Vice President, Public Finance
Nicole S. Lorch

Nicole S. Lorch

Executive Vice President and Chief Operating Officer
Kenneth Lovik

Kenneth Lovik

Executive Vice President and Chief Financial Officer
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First Internet Bancorp Office Locations

First Internet Bancorp has offices in Fishers and Tempe
Fishers, IN, US (HQ)
11201 USA Pkwy
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First Internet Bancorp Financials and Metrics

First Internet Bancorp Revenue

First Internet Bancorp's revenue was reported to be $11.54 m in FY, 2019
USD

Revenue (Q3, 2020)

12.5m

Net income (Q3, 2020)

8.4m

Market capitalization (2-Dec-2020)

259.7m

Closing stock price (2-Dec-2020)

26.5

Cash (30-Sept-2020)

488.5m
First Internet Bancorp's current market capitalization is $259.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.5m7.2m10.1m14.1m10.5m8.8m11.5m

Revenue growth, %

50%34%41%

Sales and marketing expense

1.9m1.5m1.8m1.8m2.4m2.5m1.8m

R&D expense

916.0k995.0k1.0m1.1m971.0k1.2m1.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

53.7m28.3m25.2m39.5m48.0m188.7m327.4m

Accounts Receivable

495.7m726.6m945.5m13.6m2.1b2.7b2.9b

Inventories

1.3b

PP&E

7.1m7.1m8.5m10.0m10.1m10.7m14.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

4.6m4.3m8.9m12.1m15.2m21.9m25.2m

Depreciation and Amortization

2.3m1.9m1.9m3.8m5.3m5.7m6.9m

Cash From Operating Activities

41.5m2.0m10.9m26.5m24.6m29.4m(43.6m)

Purchases of PP&E

(7.2m)(915.0k)(2.5m)(3.2m)(1.5m)(2.2m)(4.1m)
USDQ1, 2013

Debt/Equity

0.4 x

Financial Leverage

10.4 x
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First Internet Bancorp Operating Metrics

First Internet Bancorp's Total Loans was reported to be $1.7b in Q2, 2017.
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First Internet Bancorp Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

First Internet Bancorp Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

First Internet Bancorp Online and Social Media Presence

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First Internet Bancorp Blogs

Be Sure Your Business is Ready for the Coming Year!

It’s safe to say that virtually nobody will miss 2020. But while you’re probably anxious to jump right into next year, it’s important to assess where your business finances stand now, so you’re ready on January 1. There’s no doubt that 2021 is going to be unlike any year before it, so whether your g…

Building (or rebuilding) your clientele in today’s economy

Whether you’re getting ready to open your business for the first time, or reopening after the economic lockdown, you – like many other business owners – are probably spending a lot of time trying to figure out how to reach potential customers… but where do you start? Here are some simple avenues to …

6 Steps to Creating Strong Passwords You Can Remember

The world gets more and more digital every single day. Consequently, the more personal information you put online, the more vulnerable it is to cyberattacks. Think about it…whether from your social media profiles, streaming subscriptions, emails or shopping accounts, if it’s online, your data is out…

Planning Ahead: Preparing to Apply for Your SBA Loan

There are many reasons to consider a Small Business Administration (SBA) Ioan. An influx of capital can allow greater expansion, secure new real estate for building or finance an upgrade of equipment. It can also provide the cash you need to survive a disaster. But, there are important consideration…

3 Questions to Ask Yourself When Choosing a Checking Account

Are looking to open your first checking account? Have you decided it’s time to switch your checking account from a traditional bank to an entirely online one? No matter the reason, don’t make the decision blindly. Ask yourself these three questions: 1. What kinds of checking accounts are out there? …

Your Mortgage Loan and COVID-19

COVID-19 has had a serious impact on the U.S. economy and the mortgage industry. And while most of the changes have been negative ones, we’re also experiencing historically low mortgage rates. The number of customers taking advantage of these rates for home loans is creating some significant challen…
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First Internet Bancorp Frequently Asked Questions

  • When was First Internet Bancorp founded?

    First Internet Bancorp was founded in 1999.

  • Who are First Internet Bancorp key executives?

    First Internet Bancorp's key executives are David Becker, David B. Becker and Nicole Lorch.

  • How many employees does First Internet Bancorp have?

    First Internet Bancorp has 201 employees.

  • What is First Internet Bancorp revenue?

    Latest First Internet Bancorp annual revenue is $11.5 m.

  • What is First Internet Bancorp revenue per employee?

    Latest First Internet Bancorp revenue per employee is $57.4 k.

  • Who are First Internet Bancorp competitors?

    Competitors of First Internet Bancorp include Investar, Mid Penn Bancorp and Shawbrook.

  • Where is First Internet Bancorp headquarters?

    First Internet Bancorp headquarters is located at 11201 USA Pkwy, Fishers.

  • Where are First Internet Bancorp offices?

    First Internet Bancorp has offices in Fishers and Tempe.

  • How many offices does First Internet Bancorp have?

    First Internet Bancorp has 2 offices.