First Internet BancorpINBKEarnings & Financial Report
First Internet Bank of Indiana (First IB) is the sole subsidiary of First Internet Bancorp, an American bank holding company headquartered in Fishers, Indiana. It was established as one of the first state-chartered banks to operate exclusively online and via telephone, without any physical branches.
Revenue
$33.5M
Gross Profit
N/A
Operating Profit
$-1.9M
Net Profit
$193.0K
Gross Margin
N/A
Operating Margin
-5.5%
Net Margin
0.6%
YoY Growth
3.7%
EPS
$0.02
First Internet Bancorp Q2 FY2025 Financial Summary
First Internet Bancorp reported revenue of $33.5M (up 3.7% YoY) for Q2 FY2025, with a net profit of $193.0K (down 96.7% YoY) (0.6% margin).
Key Financial Metrics
| Total Revenue | $33.5M |
|---|---|
| Net Profit | $193.0K |
| Gross Margin | N/A |
| Operating Margin | -5.5% |
| Report Period | Q2 FY2025 |
First Internet Bancorp Annual Revenue by Year
First Internet Bancorp annual revenue history includes year-by-year totals (for example, 2025 revenue was $105.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $105.1M |
| 2024 | $134.7M |
| 2023 | $74.9M |
| 2022 | $97.1M |
First Internet Bancorp Quarterly Revenue & Net Profit History
First Internet Bancorp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $43.1M | — | $2.5M | 5.8% |
| Q4 FY2025 | $30.3M | +28.8% | $5.3M | 17.4% |
| Q3 FY2025 | $5.7M | -83.1% | $-41.6M | -729.1% |
| Q2 FY2025 | $33.5M | +3.7% | $193.0K | 0.6% |
| Q1 FY2025 | $35.5M | +22.2% | $943.0K | 2.7% |
| Q4 FY2024 | $39.5M | +45.1% | $7.3M | 18.6% |
| Q3 FY2024 | $33.8M | +36.3% | $7.0M | 20.7% |
| Q2 FY2024 | $32.4M | +34.7% | $5.8M | 17.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.4M | $33.8M | $39.5M | $35.5M | $33.5M | $5.7M | $30.3M | $43.1M |
| YoY Growth | 34.7% | 36.3% | 45.1% | 22.2% | 3.7% | -83.1% | 28.8% | N/A |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.34B | $5.82B | $5.74B | $5.85B | $6.07B | $5.64B | $5.57B | $5.64B |
| Liabilities | $4.97B | $5.44B | $5.35B | $5.46B | $5.68B | $5.29B | $5.21B | $5.35B |
| Equity | $372.0M | $385.1M | $384.1M | $387.7M | $390.2M | $352.2M | $359.8M | $374.3M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $16.0M | $331000 | $13.0M | $32.8M | $-90.2M | $37.1M | $3.4M |