First Historical Income Statement

INBK Stock  USD 34.93  1.77  5.34%   
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.
 
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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.
  
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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

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

First Internet Bancorp Income Statement is one of the three primary financial statements used for reporting First's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of First Internet Bancorp revenue and expense. First Internet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, First Internet's Operating Income is quite stable compared to the past year. Total Operating Expenses is expected to rise to about 18.7 M this year, although the value of EBIT will most likely fall to 0.00.

Total Revenue

Total revenue comprises all receipts First Internet Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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.
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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, First Internet's Operating Income is quite stable compared to the past year. Total Operating Expenses is expected to rise to about 18.7 M this year, although the value of EBIT will most likely fall to 0.00.
 2021 2022 2023 2024 (projected)
Interest Expense47.3M59.8M21.2M30.4M
Depreciation And Amortization8.8M8.7M5.7M3.6M

First Internet income statement Correlations

0.860.780.790.440.44-0.040.270.620.68-0.50.850.260.90.35-0.140.9-0.010.890.80.760.09
0.860.580.460.250.25-0.120.080.540.59-0.630.720.250.790.22-0.090.79-0.090.710.660.76-0.11
0.780.580.670.890.890.530.780.210.29-0.150.470.280.63-0.14-0.320.61-0.490.90.910.670.6
0.790.460.670.40.40.020.320.680.72-0.090.72-0.060.740.370.020.730.070.790.630.510.14
0.440.250.890.41.00.830.97-0.16-0.090.140.050.240.25-0.49-0.340.23-0.730.690.810.370.86
0.440.250.890.41.00.830.97-0.16-0.090.140.050.240.25-0.49-0.340.23-0.730.690.810.370.86
-0.04-0.120.530.020.830.830.9-0.49-0.450.5-0.460.0-0.27-0.79-0.23-0.29-0.880.260.5-0.070.91
0.270.080.780.320.970.970.9-0.18-0.130.37-0.120.030.08-0.59-0.190.05-0.780.580.710.190.9
0.620.540.210.68-0.16-0.16-0.49-0.181.0-0.150.76-0.390.690.640.420.70.430.520.220.44-0.45
0.680.590.290.72-0.09-0.09-0.45-0.131.0-0.190.8-0.340.740.630.370.750.390.590.290.5-0.41
-0.5-0.63-0.15-0.090.140.140.50.37-0.15-0.19-0.65-0.75-0.62-0.430.33-0.63-0.34-0.24-0.2-0.570.36
0.850.720.470.720.050.05-0.46-0.120.760.8-0.650.290.970.7-0.060.970.440.690.440.77-0.33
0.260.250.28-0.060.240.240.00.03-0.39-0.34-0.750.290.340.04-0.640.340.020.160.240.420.14
0.90.790.630.740.250.25-0.270.080.690.74-0.620.970.340.52-0.151.00.230.820.580.87-0.16
0.350.22-0.140.37-0.49-0.49-0.79-0.590.640.63-0.430.70.040.520.230.530.890.07-0.220.24-0.7
-0.14-0.09-0.320.02-0.34-0.34-0.23-0.190.420.370.33-0.06-0.64-0.150.23-0.150.18-0.23-0.28-0.47-0.29
0.90.790.610.730.230.23-0.290.050.70.75-0.630.970.341.00.53-0.150.250.810.590.84-0.16
-0.01-0.09-0.490.07-0.73-0.73-0.88-0.780.430.39-0.340.440.020.230.890.180.25-0.24-0.530.02-0.8
0.890.710.90.790.690.690.260.580.520.59-0.240.690.160.820.07-0.230.81-0.240.890.780.36
0.80.660.910.630.810.810.50.710.220.29-0.20.440.240.58-0.22-0.280.59-0.530.890.560.63
0.760.760.670.510.370.37-0.070.190.440.5-0.570.770.420.870.24-0.470.840.020.780.56-0.08
0.09-0.110.60.140.860.860.910.9-0.45-0.410.36-0.330.14-0.16-0.7-0.29-0.16-0.80.360.63-0.08
Click cells to compare fundamentals

First Internet Account Relationship Matchups

First Internet income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization7.7M7.8M8.8M8.7M5.7M3.6M
Interest Expense84.4M72.3M47.3M59.8M21.2M30.4M
Selling General Administrative30.3M37.6M41.1M42.7M49.2M51.7M
Selling And Marketing Expenses1.8M1.7M3.3M3.6M2.6M1.6M
Total Revenue78.6M98.8M114.8M113.9M266.0M279.3M
Gross Profit78.6M98.8M114.8M113.9M265.5M278.8M
Other Operating Expenses51.5M(64.9M)(58.2M)8.4M261.0M274.1M
Operating Income27.2M33.9M56.6M91.5M242.0M254.1M
Ebit77.2M27.2M33.9M56.6M91.5M0.0
Ebitda34.8M41.7M65.3M100.2M5.7M5.5M
Total Operating Expenses(51.5M)(64.9M)(58.2M)8.4M17.8M18.7M
Income Before Tax27.2M33.9M56.6M40.1M4.9M4.7M
Total Other Income Expense Net27.2M33.9M56.6M(51.4M)4.9M5.2M
Net Income25.2M29.5M48.1M35.5M8.4M13.6M
Income Tax Expense1.9M4.4M8.5M4.6M(3.5M)(3.3M)
Net Income Applicable To Common Shares25.2M29.5M48.1M35.5M40.9M42.9M
Net Income From Continuing Ops25.2M29.5M48.1M35.5M10.6M10.1M
Tax Provision1.9M4.4M8.5M4.6M(2.4M)(2.3M)
Net Interest Income63.0M64.5M86.6M97.1M76.8M70.2M
Interest Income147.4M136.9M133.9M156.9M218.8M133.8M
Reconciled Depreciation7.7M7.8M8.8M8.7M5.0M7.7M

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When determining whether First Internet Bancorp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Internet Bancorp Stock. Highlighted below are key reports to facilitate an investment decision about First Internet Bancorp Stock:
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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the First Internet Bancorp information on this page should be used as a complementary analysis to other First Internet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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Is First Internet's industry 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
(0.30)
Dividend Share
0.24
Earnings Share
0.95
Revenue Per Share
9.547
Quarterly Revenue Growth
(0.07)
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.