First Historical Income Statement
INBK Stock | USD 41.12 0.25 0.61% |
Historical analysis of First Internet income statement accounts such as Selling General Administrative of 51.7 M or Selling And Marketing Expenses of 1.6 M can show how well First Internet Bancorp performed in making a profits. Evaluating First Internet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Internet's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Internet Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Internet Bancorp is a good buy for the upcoming year.
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About First Income Statement Analysis
First Internet Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Internet shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
First Internet Income Statement Chart
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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 accounts from First Internet's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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 bureau of labor statistics. At this time, First Internet's Net Income Applicable To Common Shares is quite stable compared to the past year. Reconciled Depreciation is expected to rise to about 7.7 M this year, although the value of Total Revenue will most likely fall to about 51 M.
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 |
First Internet income statement Correlations
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First Internet Account Relationship Matchups
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First Internet income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 7.7M | 7.8M | 8.8M | 8.7M | 5.7M | 3.6M | |
Interest Expense | 84.4M | 72.3M | 47.3M | 59.8M | 164.5M | 172.8M | |
Selling General Administrative | 5.0M | 5.0M | 5.7M | 6.8M | 49.2M | 51.7M | |
Selling And Marketing Expenses | 1.8M | 1.7M | 3.3M | 3.6M | 2.6M | 1.6M | |
Total Revenue | 73.8M | 91.6M | 118.4M | 113.4M | 84.4M | 51.0M | |
Gross Profit | 73.8M | 91.6M | 118.4M | 113.4M | 84.4M | 51.0M | |
Other Operating Expenses | 46.6M | 57.7M | 61.8M | 73.3M | 95.3M | 100.1M | |
Operating Income | 27.2M | 33.9M | 56.6M | 40.1M | 8.8M | 8.4M | |
Ebit | 27.2M | 33.9M | 56.6M | 40.1M | 4.9M | 4.7M | |
Ebitda | 34.8M | 41.7M | 65.3M | 48.8M | 10.7M | 10.2M | |
Total Operating Expenses | 46.6M | 57.7M | 61.8M | 73.3M | 79.4M | 83.4M | |
Income Before Tax | 27.2M | 33.9M | 56.6M | 40.1M | 4.9M | 4.7M | |
Total Other Income Expense Net | (1.9M) | (3.9M) | (1.2M) | (1.2M) | (3.9M) | (4.1M) | |
Net Income | 25.2M | 29.5M | 48.1M | 35.5M | 8.4M | 13.6M | |
Income Tax Expense | 1.9M | 4.4M | 8.5M | 4.6M | (3.5M) | (3.3M) | |
Net Income Applicable To Common Shares | 25.2M | 29.5M | 48.1M | 35.5M | 40.9M | 42.9M | |
Net Income From Continuing Ops | 25.2M | 29.5M | 48.1M | 35.5M | 10.6M | 10.1M | |
Tax Provision | 1.9M | 4.4M | 8.5M | 4.6M | (2.4M) | (2.3M) | |
Net Interest Income | 63.0M | 64.5M | 86.6M | 97.1M | 76.8M | 70.2M | |
Interest Income | 147.4M | 136.9M | 133.9M | 156.9M | 218.8M | 133.8M | |
Reconciled Depreciation | 7.7M | 7.8M | 8.8M | 8.7M | 5.0M | 7.7M |
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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Internet. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Internet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.052 | Dividend Share 0.24 | Earnings Share 2.52 | Revenue Per Share 12.546 | Quarterly Revenue Growth 0.331 |
The market value of First Internet Bancorp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Internet's value that differs from its market value or its book value, called intrinsic value, which is First Internet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Internet's market value can be influenced by many factors that don't directly affect First Internet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Internet's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Internet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Internet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.