First Internet Financials

INBKZ Stock  USD 25.30  0.09  0.35%   
Based on the key indicators related to First Internet's liquidity, profitability, solvency, and operating efficiency, First Internet Bancorp may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. At this time, First Internet's Non Current Liabilities Total is fairly stable compared to the past year. Total Liabilities is likely to rise to about 5 B in 2024, whereas Net Debt is likely to drop slightly above 167 M in 2024. Key indicators impacting First Internet's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.180.0998
Way Up
Slightly volatile
Return On Assets0.00150.0016
Notably Down
Pretty Stable
Return On Equity0.0220.0232
Notably Down
Very volatile
Debt Equity Ratio1.071.2811
Fairly Down
Slightly volatile
Operating Income8.4 M8.8 M
Notably Down
Slightly volatile
Current Ratio69.2172.8578
Notably Down
Slightly volatile
The financial analysis of First Internet is a critical element in measuring its lifeblood. Investors should not minimize First Internet's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

13.56 Million

  
Understanding current and past First Internet Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Internet's financial statements are interrelated, with each one affecting the others. For example, an increase in First Internet's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in First Internet's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of First Internet Bancorp. Check First Internet's Beneish M Score to see the likelihood of First Internet's management manipulating its earnings.

First Internet Stock Summary

First Internet competes with RiverNorth Specialty, Royce Micro, First Trust, Voya Global, and Ready Capital. First Internet is entity of United States. It is traded as Stock on NASDAQ exchange.
Specialization
Energy, Energy
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CUSIP320557309
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkDow Jones Industrial
CurrencyUSD - US Dollar

First Internet Key Financial Ratios

First Internet Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets4.1B4.2B4.2B4.5B5.2B5.4B
Net Debt257.1M174.7M176.2M462.9M313.9M167.0M
Retained Earnings99.7M126.7M172.4M205.7M207.5M217.8M
Accounts Payable3.8M1.4M2.0M2.9M3.8M4.0M
Cash327.4M419.8M443.0M256.6M405.9M426.2M
Net Receivables1.1B1.0B928.7M21.1M26.7M25.4M
Total Liab3.8B3.9B3.8B4.2B4.8B5.0B
Total Current Assets1.9B1.9B2.0B428.9M1.3B1.0B
Short Term Debt110.9M110.4M110M145M255.0M267.8M
Common Stock219.4M221.4M218.9M192.9M184.7M139.2M
Other Current Liab(3.8M)48.4M30.5M14.5M14.2M14.9M
Net Tangible Assets219.4M284.0M300.2M326.3M375.2M214.1M
Long Term Debt36.7M33.9M69.5M79.6M91.5M96.1M
Long Term Debt Total36.7M33.9M69.5M79.6M91.5M96.1M
Other Current Assets348.0M437.2M460.2M(1.2B)433.0M321.0M

First Internet Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense84.4M72.3M47.3M59.8M164.5M172.8M
Total Revenue73.8M91.6M118.4M113.4M84.4M51.0M
Gross Profit73.8M91.6M118.4M113.4M84.4M51.0M
Operating Income27.2M33.9M56.6M40.1M8.8M8.4M
Ebit27.2M33.9M56.6M40.1M4.9M4.7M
Ebitda34.8M41.7M65.3M48.8M10.7M10.2M
Income Before Tax27.2M33.9M56.6M40.1M4.9M4.7M
Net Income25.2M29.5M48.1M35.5M8.4M13.6M
Income Tax Expense1.9M4.4M8.5M4.6M(3.5M)(3.3M)

First Internet Key Cash Accounts

Cash flow analysis captures how much money flows into and out of First Internet Bancorp. It measures of how well First is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money First Internet brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money First had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what First Internet has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash138.6M92.4M23.2M(186.4M)149.3M156.8M
Free Cash Flow(47.7M)(12.5M)24.9M65.2M6.3M8.2M
Depreciation7.7M7.8M8.8M8.7M5.7M3.6M
Other Non Cash Items(33.0M)(22.4M)(13.8M)24.9M8.9M9.4M
Capital Expenditures4.1M25.6M29.9M17.5M5.4M5.9M
Net Income25.2M29.5M48.1M35.5M8.4M13.6M
End Period Cash Flow327.4M419.8M443.0M256.6M405.9M426.2M
Dividends Paid2.4M2.3M2.4M2.3M(2.2M)(2.0M)
Investments(896.9M)(626.7M)(320.8M)(66.0M)(59.4M)(62.4M)
Net Borrowings220.2M112M25.4M9.8M11.2M10.7M
Change To Netincome5.9M13.2M(36.4M)22.9M20.6M21.7M

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Internet's current stock value. Our valuation model uses many indicators to compare First Internet value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Internet competition to find correlations between indicators driving First Internet's intrinsic value. More Info.
First Internet Bancorp is currently regarded as number one stock in number of shares shorted category among its peers. It also is considered the number one company in revenue category among its peers totaling about  18,459  of Revenue per Number Of Shares Shorted. At this time, First Internet's Total Revenue is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the First Internet's earnings, one of the primary drivers of an investment's value.

First Internet Bancorp Systematic Risk

First Internet's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Internet volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on First Internet Bancorp correlated with the market. If Beta is less than 0 First Internet generally moves in the opposite direction as compared to the market. If First Internet Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Internet Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Internet is generally in the same direction as the market. If Beta > 1 First Internet moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in First Internet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Internet's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Internet growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.32)

At this time, First Internet's Price Earnings To Growth Ratio is fairly stable compared to the past year.

First Internet December 15, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Internet help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Internet Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Internet Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Internet's daily price indicators and compare them against related drivers.

Additional Tools for First Stock Analysis

When running First Internet's price analysis, check to measure First Internet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Internet is operating at the current time. Most of First Internet's value examination focuses on studying past and present price action to predict the probability of First Internet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Internet's price. Additionally, you may evaluate how the addition of First Internet to your portfolios can decrease your overall portfolio volatility.