First Internet Bancorp (INBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 8701 E. 116TH STREET
FISHERS, IN 46038
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments256,552442,960419,806327,361188,71247,981
Cash and cash equivalents256,552442,960419,806327,361188,71247,981
Financing receivable, accrued interest, after allowance for credit loss   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss   
Total current assets:256,552442,960419,806327,361188,71247,981
Noncurrent Assets
Operating lease, right-of-use asset   8191,602
Property, plant and equipment72,71159,84237,59014,63010,69710,058
Intangible assets, net (including goodwill)4,6874,6874,6874,6874,6874,687
Goodwill4,6874,6874,6874,6874,6874,687
Total noncurrent assets:77,39864,52943,09620,91915,38414,745
Other undisclosed assets4,209,1543,703,5053,783,2543,751,8033,337,5962,704,961
TOTAL ASSETS:4,543,1044,210,9944,246,1564,100,0833,541,6922,767,687
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 145,000110,000110,000110,000140,00055,000
Total current liabilities: 145,000110,000110,000110,000140,00055,000
Noncurrent Liabilities
Other undisclosed liabilities4,033,1303,720,6563,805,2123,685,1703,112,9572,488,560
Total liabilities:4,178,1303,830,6563,915,2123,795,1703,252,9572,543,560
Equity
Equity, attributable to parent, including:364,974380,338330,944304,913288,735224,127
Accumulated other comprehensive loss(33,636)(11,039)(17,196)(14,191)(16,541)(5,019)
Retained earnings205,675172,431126,73299,68177,68957,103
Other undisclosed equity, attributable to parent192,935218,946221,408219,423227,587172,043
Total equity:364,974380,338330,944304,913288,735224,127
TOTAL LIABILITIES AND EQUITY:4,543,1044,210,9944,246,1564,100,0833,541,6922,767,687

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues153,078132,454133,479138,630119,17492,003
Net investment income153,078132,454133,479138,630112,52283,287
Cost of revenue(4,977)(1,030)(9,325)(5,966)(3,892)(4,872)
Provision for loan, lease, and other losses(4,977)(1,030)(9,325)(5,966) 
Financial services costs(3,892)(4,872)
Gross profit:148,101131,424124,154132,664115,28287,131
Operating expenses(21,057)(13,504)(13,089)(12,866)(34,926)(31,802)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,4161,6941,6552,5811,6051,430
Operating income:129,460119,614112,720122,37981,96156,759
Interest and debt expense(59,815)(47,327)(72,318)(84,447)(53,200)(30,715)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (6,504)(10,776)(4,809)(3,116)
Income from continuing operations before equity method investments, income taxes:69,64572,28733,89827,15623,95222,928
Other undisclosed loss from continuing operations before income taxes(29,545)(15,715)    
Income from continuing operations before income taxes:40,10056,57233,89827,15623,95222,928
Income tax expense (benefit)(4,559)(8,458)(4,445)(1,917)(2,052)(7,702)
Income from continuing operations:35,54148,11429,45325,23921,90015,226
Income before gain (loss) on sale of properties:48,11429,45325,23921,90015,226
Net income available to common stockholders, diluted:35,54148,11429,45325,23921,90015,226

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:35,54148,11429,45325,23921,90015,226
Other comprehensive income (loss)(22,597)6,157(3,005)2,350(10,459)4,249
Comprehensive income, net of tax, attributable to parent:12,94454,27126,44827,58911,44119,475

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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