First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 financials
$25.150.00%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $322.9M | $339.2M | $265.6M | $178.2M | $166.7M | $173.2M | $164.2M |
| Gross profit | $116.5M | $134.7M | $101.0M | $118.3M | $119.4M | $100.9M | $79.8M |
| Gross margin | 36.1% | 39.7% | 38.0% | 66.4% | 71.6% | 58.2% | 48.6% |
| Operating income | -$50.9M | $27.5M | $4.9M | $40.1M | $56.6M | $33.9M | $27.2M |
| Net income | -$35.2M | $25.3M | $8.4M | $35.5M | $48.1M | $29.5M | $25.2M |
| Net margin | −10.9% | 7.5% | 3.2% | 19.9% | 28.9% | 17.0% | 15.4% |
| Diluted EPS | $-4.03 | $2.88 | $0.95 | $3.70 | $4.82 | $2.99 | $2.51 |
| EBITDA | -$50.9M | $27.5M | $4.9M | $40.1M | $56.6M | $33.9M | $27.2M |
| Operating cash flow | $3.4M | $13.0M | $11.7M | $82.7M | $54.8M | $13.1M | -$43.6M |
| Free cash flow | $2.2M | $10.4M | $6.3M | $65.2M | $33.1M | -$12.5M | -$47.7M |
| Diluted shares | 8.7M | 8.8M | 8.9M | 9.6M | 10.0M | 9.8M | 10.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $6.1M | $9.2M | $8.3M | $17.4M | $7.5M | $7.4M |
| Short-term investments | $1.51B | $1.32B | $1.13B | $847.0M | $1.12B | $1.00B |
| Total debt | $355.0M | $105.2M | $719.8M | $719.5M | $619.2M | $594.5M |
| Total assets | $5.57B | $5.74B | $5.17B | $4.54B | $4.21B | $4.25B |
| Total liabilities | $5.21B | $5.35B | $4.80B | $4.18B | $3.83B | $3.92B |
| Shareholders' equity | $359.8M | $384.1M | $362.8M | $365.0M | $380.3M | $330.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology