First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the INBKZ SEC filings page.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) reported $169.9M in revenue over the twelve months to Sep 30, 2026, up 48.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Liability-funded operations saw shrinking revenue and persistent funding costs erase FY2024’s profit recovery.
FY2025 assets fell2.9% while revenue fell13.5% , so the smaller balance sheet did not prevent weaker earnings. Meanwhile, interest expense still rose0.9% as net margin moved to-30.2% , indicating that costs remained relatively persistent as revenue contracted.
Liabilities funded
Despite a net loss of
Financial Health Signals
We do not publish a peer-relative financial health score for First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 reported a net loss of $35.2M while generating $3.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 generated $43.9M in revenue in Q3 2026. This represents an increase of 670.2% from the same quarter a year earlier. Against the prior quarter it is up 6.9%.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 reported $4.8M in net income in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 103.6%.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 earned $0.54 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 100.0%.
Not reported for Q3 2026.
Cash & Balance Sheet
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 generated $29.4M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 20.6% from the same quarter a year earlier. Against the prior quarter it is up 21.1%.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 held $652.3M in cash as of Q3 2026; no long-term debt figure is on record for that period.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 paid $0.06 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029's net profit margin was 11.0% in Q3 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 5.2 percentage points. No change is given against Q3 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029's quarterly ROE was 1.4% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 13.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 invested $44K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 58.5% from the same quarter a year earlier. Against the prior quarter it is up 109.5%.
Not reported for Q3 2026.
Not reported for Q3 2026.
INBKZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.9M+670.2% | $41.1M+22.6% | $43.1M+21.4% | $41.7M+5.6% | $5.7M-83.1% | $33.5M+3.7% | $35.5M+22.2% | $39.5M+45.1% |
| Interest Expense | $45.3M-16.2% | $44.2M-16.4% | $44.2M-14.5% | $47.7M-12.0% | $54.0M+1.5% | $52.9M+6.6% | $51.7M+9.1% | $54.2M+16.7% |
| Income Tax | $236Kn/m | -$780Kn/m | -$725Kn/m | $212K-78.8% | -$12.9M-2188.7% | -$2.1M-1042.2% | -$909K-311.9% | $999Kn/m |
| Net Income | $4.8Mn/m | $2.4M+1126.4% | $2.5M+166.1% | $5.3M-27.8% | -$41.6M-695.0% | $193K-96.7% | $943K-81.8% | $7.3M+76.9% |
| EPS (Basic) | $0.55n/m | $0.27+1250.0% | $0.29+163.6% | $0.60-28.6% | -$4.76-695.0% | $0.02-97.0% | $0.11-81.7% | $0.84+78.7% |
| EPS (Diluted) | $0.54n/m | $0.27+1250.0% | $0.29+163.6% | $0.60-27.7% | -$4.76-695.0% | $0.02-97.0% | $0.11-81.4% | $0.83+76.6% |
| Diluted Shares (Avg) | 9M+1.4% | 9M+0.7% | 9M-0.1% | N/A | 9M-0.3% | 9M+1.2% | 9M+0.4% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
INBKZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.9B+4.4% | $5.6B-8.5% | $5.7B-2.4% | $5.6B-2.9% | $5.6B-3.2% | $6.1B+13.6% | $5.9B+9.6% | $5.7B+11.0% |
| Cash & Equivalents | $652.3M-17.2% | $411.0M-7.9% | $601.8M+52.6% | $456.8M-2.1% | $787.7M+10.6% | $446.4M+12.5% | $394.5M-18.0% | $466.4M+14.9% |
| Goodwill | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% |
| Total Liabilities | $5.5B+4.7% | $5.2B-8.6% | $5.4B-2.1% | $5.2B-2.7% | $5.3B-2.8% | $5.7B+14.3% | $5.5B+9.9% | $5.4B+11.4% |
| Long-Term Debt | N/A | N/A | N/A | $249.5M-15.4% | N/A | N/A | N/A | $295.0M-52.0% |
| Total Equity | $354.4M+0.6% | $363.5M-6.8% | $361.0M-6.9% | $359.8M-6.3% | $352.2M-8.6% | $390.2M+4.9% | $387.7M+5.7% | $384.1M+5.9% |
| Retained Earnings | $201.4M+6.8% | $197.1M-14.6% | $195.3M-15.5% | $193.3M-16.2% | $188.6M-15.8% | $230.7M+6.1% | $231.0M+8.9% | $230.6M+11.2% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
INBKZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.4M-20.7% | $24.3Mn/m | $75.5M+130.2% | $23.7Mn/m | $37.1M+11100.3% | -$90.2M-662.7% | $32.8M+1076.1% | -$6.2M-150.0% |
| Depreciation & Amortization | $973K-56.7% | $2.0M+5.8% | $2.7M+153.3% | $962K-60.4% | $2.2M+2.9% | $1.9M-3.4% | $1.1M-42.7% | $2.4M-11.0% |
| Stock-Based Compensation | N/A | N/A | $561K+56000.0% | N/A | N/A | N/A | $1K-99.8% | N/A |
| Capital Expenditures | $44K-58.5% | $21K-96.8% | $299K+62.5% | $288K-41.8% | $106K-82.4% | $650K+16.9% | $184K-80.4% | $495K+24.7% |
| Free Cash Flow | $29.4M-20.6% | $24.3Mn/m | $75.3M+130.5% | $23.4Mn/m | $37.0Mn/m | -$90.8M-687.1% | $32.6M+1663.4% | -$6.7M-155.8% |
| Investing Cash Flow | -$126.7M-118.0% | -$64.3Mn/m | -$61.7Mn/m | -$277.9Mn/m | $703.1Mn/m | -$80.1Mn/m | -$216.4Mn/m | -$154.9Mn/m |
| Financing Cash Flow | $338.6Mn/m | -$150.8M-167.9% | $131.1M+17.4% | -$76.7Mn/m | -$398.9M-186.1% | $222.1Mn/m | $111.7M-32.7% | -$85.0Mn/m |
| Dividends Paid | $524K+1.4% | $523K-2.1% | $521K+0.2% | $516K+3.6% | $517K-2.6% | $534K+0.8% | $520K+0.2% | $498K-6.6% |
| Share Buybacks | N/A | N/A | N/A | $521Kn/m | $0n/m | $0n/m | $0-100.0% | $0-100.0% |
INBKZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'25Filing | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 11.0% | 5.8%+5.2pp | 5.8%+3.2pp | 12.7%-5.9pp | -729.1% | 0.6%-17.3pp | 2.6%-15.2pp | 18.6%+3.3pp |
| Return on Equity | 1.4%+13.2pp | 0.7%+0.6pp | 0.7%+0.5pp | 1.5%-0.4pp | -11.8%-13.6pp | 0.1%-1.5pp | 0.2%-1.2pp | 1.9%+0.8pp |
| Return on Assets | 0.1%+0.8pp | 0.0%0.0pp | 0.0%0.0pp | 0.1%0.0pp | -0.7%-0.9pp | 0.0%-0.1pp | 0.0%-0.1pp | 0.1%0.0pp |
| Debt-to-Equity | N/A | N/A | N/A | 0.69-0.1x | N/A | N/A | N/A | 0.77-0.9x |
| Liabilities-to-Equity | 15.61+0.6x | 14.28-0.3x | 14.82+0.7x | 14.49+0.5x | 15.01+0.9x | 14.56+1.2x | 14.09+0.5x | 13.94+0.7x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 66.8% | 59.0% | 174.5% | 56.2%+73.0pp | 648.0% | -270.7% | 91.9%+85.5pp | -16.8%-60.6pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Where First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 Ranks
Frequently Asked Questions
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) reported $116.5M in total revenue for fiscal year 2025. This represents a -13.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) revenue declined by 13.5% year-over-year, from $134.7M to $116.5M in fiscal year 2025.
Yes, First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) reported a net income of $15.0M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $35.2M, with a net profit margin of -30.2%.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) reported diluted earnings per share of -$4.03 for fiscal year 2025. This represents a -239.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
As of fiscal year 2025, First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) had $456.8M in cash and equivalents against $249.5M in long-term debt.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) had a net profit margin of -30.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) paid $0.24 per share in dividends during fiscal year 2025.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) has a return on equity of -9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) generated $2.2M in free cash flow during fiscal year 2025. This represents a -78.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) generated $3.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) had $5.6B in total assets as of fiscal year 2025, including both current and long-term assets.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Yes, First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) spent $521K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) had a debt-to-equity ratio of 0.69 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) had a liabilities-to-equity ratio of 14.49 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) had a return on assets of -0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) reported a net loss of $35.2M while generating $3.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.