First Gross Profit vs Income Before Tax Analysis

INBKZ Stock

USD 25.30 0.09 0.35%

First Internet financial indicator trend analysis is much more than just examining First Internet Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Internet Bancorp is a good investment. Please check the relationship between First Internet Gross Profit and its Income Before Tax accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Internet Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Internet Bancorp Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.

The correlation between First Internet's Gross Profit and Income Before Tax is 0.85. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of First Internet Bancorp, assuming nothing else is changed. The correlation between historical values of First Internet's Gross Profit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of First Internet Bancorp are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Gross Profit i.e., First Internet's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of First Internet Bancorp minus its cost of goods sold. It is profit before First Internet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on First Internet income statement and is an important metric when analyzing First Internet Bancorp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from First Internet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Internet Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Internet Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Selling General Administrative is likely to rise to about 51.7 M in 2024. Tax Provision is likely to rise to about 3.3 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	47.3M	59.8M	164.5M	172.8M
Depreciation And Amortization	8.8M	8.7M	5.7M	3.6M

Interest Expense Depreciation And Amortization

First Internet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Good Will	Short Term Investments	Property Plant And Equipment Net	Net Tangible Assets	Long Term Debt
Total Assets		0.99	0.63	0.99	0.69	0.94	0.89	0.92	0.27	-0.51	0.79	0.94	0.35	0.86	0.79	0.18	1.0	0.54	0.93	0.86	0.39	-0.55	0.83	0.86	0.92	0.97
Short Long Term Debt Total	0.99		0.58	0.99	0.76	0.93	0.86	0.88	0.29	-0.47	0.77	0.92	0.39	0.89	0.74	0.21	0.99	0.57	0.91	0.88	0.35	-0.49	0.84	0.84	0.93	0.95
Total Current Liabilities	0.63	0.58		0.54	0.19	0.7	0.78	0.61	-0.37	-0.48	0.71	0.49	-0.31	0.22	0.88	0.27	0.64	-0.02	0.84	0.2	0.28	-0.93	0.26	0.72	0.41	0.64
Total Stockholder Equity	0.99	0.99	0.54		0.69	0.94	0.84	0.92	0.35	-0.51	0.75	0.96	0.42	0.9	0.72	0.18	0.99	0.58	0.88	0.9	0.41	-0.45	0.86	0.85	0.94	0.96
Net Debt	0.69	0.76	0.19	0.69		0.58	0.48	0.38	0.26	0.03	0.59	0.56	0.41	0.77	0.33	0.23	0.68	0.6	0.57	0.75	-0.14	-0.07	0.69	0.47	0.74	0.6
Retained Earnings	0.94	0.93	0.7	0.94	0.58		0.88	0.89	0.04	-0.6	0.87	0.86	0.09	0.73	0.73	0.19	0.94	0.28	0.92	0.7	0.49	-0.62	0.67	0.98	0.83	0.95
Accounts Payable	0.89	0.86	0.78	0.84	0.48	0.88		0.85	0.01	-0.68	0.77	0.79	0.08	0.67	0.76	0.19	0.89	0.23	0.9	0.62	0.42	-0.64	0.6	0.82	0.76	0.88
Cash	0.92	0.88	0.61	0.92	0.38	0.89	0.85		0.31	-0.72	0.62	0.94	0.33	0.79	0.76	0.11	0.92	0.43	0.84	0.77	0.65	-0.51	0.75	0.83	0.86	0.93
Non Current Assets Total	0.27	0.29	-0.37	0.35	0.26	0.04	0.01	0.31		0.08	-0.26	0.52	0.96	0.58	0.06	-0.07	0.27	0.79	0.0	0.64	-0.03	0.38	0.72	-0.1	0.43	0.27
Non Currrent Assets Other	-0.51	-0.47	-0.48	-0.51	0.03	-0.6	-0.68	-0.72	0.08		-0.33	-0.49	0.1	-0.4	-0.39	0.05	-0.51	0.11	-0.54	-0.3	-0.84	0.35	-0.22	-0.59	-0.5	-0.55
Other Assets	0.79	0.77	0.71	0.75	0.59	0.87	0.77	0.62	-0.26	-0.33		0.6	-0.16	0.51	0.64	0.3	0.79	0.13	0.84	0.5	0.25	-0.67	0.43	0.88	0.61	0.77
Cash And Short Term Investments	0.94	0.92	0.49	0.96	0.56	0.86	0.79	0.94	0.52	-0.49	0.6		0.54	0.88	0.74	0.07	0.94	0.65	0.82	0.9	0.4	-0.42	0.92	0.75	0.9	0.94
Net Receivables	0.35	0.39	-0.31	0.42	0.41	0.09	0.08	0.33	0.96	0.1	-0.16	0.54		0.67	0.13	0.0	0.35	0.88	0.09	0.71	-0.04	0.33	0.74	-0.08	0.5	0.31
Common Stock Shares Outstanding	0.86	0.89	0.22	0.9	0.77	0.73	0.67	0.79	0.58	-0.4	0.51	0.88	0.67		0.48	0.15	0.86	0.74	0.66	0.97	0.34	-0.07	0.9	0.6	0.96	0.82
Non Current Liabilities Total	0.79	0.74	0.88	0.72	0.33	0.73	0.76	0.76	0.06	-0.39	0.64	0.74	0.13	0.48		0.16	0.79	0.42	0.89	0.52	0.27	-0.84	0.58	0.69	0.6	0.76
Other Stockholder Equity	0.18	0.21	0.27	0.18	0.23	0.19	0.19	0.11	-0.07	0.05	0.3	0.07	0.0	0.15	0.16		0.17	0.08	0.18	0.05	0.01	-0.15	0.13	0.25	0.14	0.19
Total Liab	1.0	0.99	0.64	0.99	0.68	0.94	0.89	0.92	0.27	-0.51	0.79	0.94	0.35	0.86	0.79	0.17		0.54	0.93	0.86	0.39	-0.55	0.83	0.86	0.92	0.97
Total Current Assets	0.54	0.57	-0.02	0.58	0.6	0.28	0.23	0.43	0.79	0.11	0.13	0.65	0.88	0.74	0.42	0.08	0.54		0.38	0.81	-0.07	0.04	0.8	0.12	0.62	0.43
Short Term Debt	0.93	0.91	0.84	0.88	0.57	0.92	0.9	0.84	0.0	-0.54	0.84	0.82	0.09	0.66	0.89	0.18	0.93	0.38		0.67	0.36	-0.76	0.65	0.86	0.78	0.89
Common Stock	0.86	0.88	0.2	0.9	0.75	0.7	0.62	0.77	0.64	-0.3	0.5	0.9	0.71	0.97	0.52	0.05	0.86	0.81	0.67		0.25	-0.1	0.93	0.56	0.93	0.8
Other Current Liab	0.39	0.35	0.28	0.41	-0.14	0.49	0.42	0.65	-0.03	-0.84	0.25	0.4	-0.04	0.34	0.27	0.01	0.39	-0.07	0.36	0.25		-0.2	0.1	0.52	0.39	0.43
Good Will	-0.55	-0.49	-0.93	-0.45	-0.07	-0.62	-0.64	-0.51	0.38	0.35	-0.67	-0.42	0.33	-0.07	-0.84	-0.15	-0.55	0.04	-0.76	-0.1	-0.2		-0.17	-0.65	-0.22	-0.55
Short Term Investments	0.83	0.84	0.26	0.86	0.69	0.67	0.6	0.75	0.72	-0.22	0.43	0.92	0.74	0.9	0.58	0.13	0.83	0.8	0.65	0.93	0.1	-0.17		0.54	0.88	0.82
Property Plant And Equipment Net	0.86	0.84	0.72	0.85	0.47	0.98	0.82	0.83	-0.1	-0.59	0.88	0.75	-0.08	0.6	0.69	0.25	0.86	0.12	0.86	0.56	0.52	-0.65	0.54		0.73	0.89
Net Tangible Assets	0.92	0.93	0.41	0.94	0.74	0.83	0.76	0.86	0.43	-0.5	0.61	0.9	0.5	0.96	0.6	0.14	0.92	0.62	0.78	0.93	0.39	-0.22	0.88	0.73		0.89
Long Term Debt	0.97	0.95	0.64	0.96	0.6	0.95	0.88	0.93	0.27	-0.55	0.77	0.94	0.31	0.82	0.76	0.19	0.97	0.43	0.89	0.8	0.43	-0.55	0.82	0.89	0.89

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First Internet Account Relationship Matchups

First Internet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.1B	4.2B	4.2B	4.5B	5.2B	5.4B
Short Long Term Debt Total	584.4M	594.5M	619.2M	719.5M	719.8M	755.8M
Total Current Liabilities	3.8M	1.4M	2.0M	2.9M	18.0M	18.9M
Total Stockholder Equity	304.9M	330.9M	380.3M	365.0M	362.8M	380.9M
Net Debt	257.1M	174.7M	176.2M	462.9M	313.9M	167.0M
Retained Earnings	99.7M	126.7M	172.4M	205.7M	207.5M	217.8M
Accounts Payable	3.8M	1.4M	2.0M	2.9M	3.8M	4.0M
Cash	327.4M	419.8M	443.0M	256.6M	405.9M	426.2M
Non Current Assets Total	622.0M	608.1M	727.1M	77.4M	78.2M	74.2M
Non Currrent Assets Other	(622.0M)	(608.1M)	(727.1M)	(579.6M)	(702.0M)	(666.9M)
Cash And Short Term Investments	868.2M	917.4M	1.0B	646.9M	880.8M	924.8M
Net Receivables	1.1B	1.0B	928.7M	21.1M	26.7M	25.4M
Common Stock Shares Outstanding	10.0M	9.8M	10.0M	9.6M	8.9M	6.1M
Liabilities And Stockholders Equity	4.1B	4.2B	4.2B	4.5B	5.2B	5.4B
Non Current Liabilities Total	584.4M	594.5M	619.2M	2.9M	1.4B	1.5B
Other Stockholder Equity	(16.5M)	(14.2M)	(17.2M)	(1.0)	(0.9)	(0.94)
Total Liab	3.8B	3.9B	3.8B	4.2B	4.8B	5.0B
Total Current Assets	1.9B	1.9B	2.0B	428.9M	1.3B	1.0B
Accumulated Other Comprehensive Income	(14.2M)	(17.2M)	(11.0M)	(33.6M)	(29.4M)	(27.9M)
Short Term Debt	110.9M	110.4M	110M	145M	255.0M	267.8M
Common Stock	219.4M	221.4M	218.9M	192.9M	184.7M	139.2M
Other Current Liab	(3.8M)	48.4M	30.5M	14.5M	14.2M	14.9M
Short Term Investments	540.9M	497.6M	603.0M	390.4M	474.9M	402.5M
Property Plant And Equipment Net	14.6M	37.6M	59.8M	72.7M	73.5M	77.1M
Net Tangible Assets	219.4M	284.0M	300.2M	326.3M	375.2M	214.1M
Long Term Debt	36.7M	33.9M	69.5M	79.6M	91.5M	96.1M
Common Stock Total Equity	172.0M	227.6M	219.4M	221.4M	254.6M	161.7M
Retained Earnings Total Equity	57.1M	77.7M	99.7M	126.7M	145.7M	153.0M
Long Term Debt Total	36.7M	33.9M	69.5M	79.6M	91.5M	96.1M
Other Current Assets	348.0M	437.2M	460.2M	(1.2B)	433.0M	321.0M
Long Term Investments	2.2B	3.2B	3.6B	3.6B	4.2B	4.4B
Non Current Liabilities Other	410.2M	525.2M	514.9M	514.9M	592.2M	341.7M
Property Plant Equipment	10.1M	10.7M	14.6M	37.6M	43.2M	45.4M
Current Deferred Revenue	(107.1M)	(109.0M)	(108.0M)	(142.1M)	(3.8M)	(4.0M)

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First Gross Profit vs Income Before Tax Analysis

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

Correlation Coefficient

Gross Profit

Income Before Tax

First Internet fundamental ratios Correlations

First Internet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Internet fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Short Long Term Debt Total	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Total Stockholder Equity

Good Will	- 0.93	Total Current Liabilities
Good Will	- 0.84	Non Current Liabilities Total
Other Current Liab	- 0.84	Non Currrent Assets Other
Good Will	- 0.76	Short Term Debt
Non Currrent Assets Other	- 0.72	Cash
Non Currrent Assets Other	- 0.68	Accounts Payable