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Upturn AI SWOT - About
INBK 
First Internet Bancorp (INBK)
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Upturn Advisory Summary
04/01/2025: INBK (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 69.79% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 232.91M USD | Price to earnings Ratio 9.3 | 1Y Target Price 39.6 |
Price to earnings Ratio 9.3 | 1Y Target Price 39.6 | ||
Volume (30-day avg) 34001 | Beta 0.73 | 52 Weeks Range 23.99 - 43.09 | Updated Date 03/31/2025 |
52 Weeks Range 23.99 - 43.09 | Updated Date 03/31/2025 | ||
Dividends yield (FY) 0.90% | Basic EPS (TTM) 2.88 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 21.48% | Operating Margin (TTM) 30.33% |
Management Effectiveness
Return on Assets (TTM) 0.46% | Return on Equity (TTM) 6.77% |
Valuation
Trailing PE 9.3 | Forward PE 8.45 | Enterprise Value 166647936 | Price to Sales(TTM) 1.98 |
Enterprise Value 166647936 | Price to Sales(TTM) 1.98 | ||
Enterprise Value to Revenue 4.91 | Enterprise Value to EBITDA - | Shares Outstanding 8697080 | Shares Floating 8075765 |
Shares Outstanding 8697080 | Shares Floating 8075765 | ||
Percent Insiders 7.63 | Percent Institutions 78.18 |
Analyst Ratings
Rating 3.8 | Target Price 43.7 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
First Internet Bancorp
Company Overview
History and Background
First Internet Bancorp was founded in 1999 as the first state-chartered, FDIC-insured institution to operate solely online. It pioneered direct banking, initially focusing on residential mortgages before expanding into commercial lending and other financial services.
Core Business Areas
- Commercial Lending: Offers a range of loan products for businesses, including commercial real estate, construction, and equipment financing.
- Consumer Lending: Provides residential mortgage loans, including conforming, jumbo, and adjustable-rate mortgages. Also offers consumer deposit services.
- Small Business Administration (SBA) Lending: Specializes in SBA loans, helping small businesses access capital for growth and expansion.
- Healthcare Finance: Offers specialized lending solutions to healthcare providers and businesses.
Leadership and Structure
David Becker founded the bank. The company operates with a traditional corporate structure, including a Board of Directors and executive management team overseeing different functional areas. Nicole Lorch is the current President and CEO.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Commercial real estate loans are a core offering, providing financing for various property types. While specific market share data isn't readily available, First Internet Bank competes with regional and national banks in this sector. Competitors: JPMorgan Chase, Wells Fargo, U.S. Bank.
- SBA Loans: First Internet Bank is an active SBA lender, helping small businesses secure funding. Market share fluctuates depending on SBA program volumes and bank participation. Competitors: Live Oak Bank, Celtic Bank, Huntington National Bank.
- Residential Mortgages: The bank offers a variety of mortgage products. Competitors include Rocket Mortgage, United Wholesale Mortgage, and major national banks.
Market Dynamics
Industry Overview
The banking industry is undergoing rapid transformation driven by technology, regulatory changes, and evolving customer expectations. Digital banking and fintech innovation are key trends.
Positioning
First Internet Bancorp is positioned as a technology-driven bank focusing on providing specialized lending solutions and convenient online services. Its competitive advantage lies in its digital platform, nationwide reach, and specialized expertise in niche lending areas.
Total Addressable Market (TAM)
The TAM for the bank's services, including small business loans, commercial real estate loans, and mortgage lending, is multi-billion. First Internet Bancorp is positioned to capture a share of the small and medium-sized business segment.
Upturn SWOT Analysis
Strengths
- Technology-driven platform
- Nationwide reach
- Specialized lending expertise (e.g., SBA, healthcare)
- Efficient cost structure due to online-only model
Weaknesses
- Lack of physical branches may limit customer base
- Reliance on interest rate environment
- Smaller brand recognition compared to larger banks
- Potential concentration risk in certain lending segments
Opportunities
- Expansion into new lending niches
- Increased adoption of digital banking
- Partnerships with fintech companies
- Organic loan growth
Threats
- Increased competition from fintech companies and other online banks
- Rising interest rates impacting loan demand
- Regulatory changes
- Economic downturn affecting loan quality
Competitors and Market Share
Key Competitors
- ALLY
- HBAN
- CASH
Competitive Landscape
First Internet Bancorp's advantages include its technology platform and specialized lending expertise. Disadvantages include its smaller size and brand recognition compared to larger competitors.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: First Internet Bancorp's growth has been driven by its expansion into new lending markets and increasing adoption of digital banking.
Future Projections: Future projections for First Internet Bancorp depend on market conditions, interest rates, and the company's ability to execute its growth strategy. Analyst estimates can vary widely.
Recent Initiatives: Recent initiatives include expanding its SBA lending program, investing in technology upgrades, and exploring partnerships with fintech companies.
Summary
First Internet Bancorp is a digital bank with specialized lending expertise, offering nationwide service. Its technology-driven platform and niche focus are strengths. However, it faces competition from larger banks and fintech firms and should watch for interest rate impacts. Overall, it's a bank with innovative features poised for continued growth.
Similar Companies
- ALLY
- HBAN
- CASH
- LARK
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Company Investor Relations
- Industry Reports
- Analyst Reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Internet Bancorp
Exchange NASDAQ | Headquaters Fishers, IN, United States | ||
IPO Launch date 2004-12-28 | Chairman & CEO Mr. David B. Becker | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 323 | |
Full time employees 323 | |||
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certificates of deposit and brokered deposits. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, single tenant lease financing, public and healthcare finance, small business lending, franchise finance, residential mortgage, home equity, and other consumer loans. In addition, the company is involved in the provision of municipal finance lending and leasing products to government entities, as well as treasury management services; purchase, manage, service, and safekeeping of municipal securities; and offers corporate credit cards. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.
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