Sign in

INBK on Nasdaq

First Internet Bank of Indiana

Logo: First Internet Bank of Indiana, Public domain, via Wikimedia Commons5

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. Founded in 1997 by David B. Becker, the bank was incorporated on October 28, 1998, and began operations on February 22, 1999.3 Its shares trade on Nasdaq under the symbol INBK.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1996Founded1

Compare with Metropolitan Bank Holding Corp., Business First Bancshares, Inc. or CITIZENS FINANCIAL SERVICES INC, or pick any stock.

  • TickerINBK on Nasdaq1
  • Industryfinance1
  • HeadquartersIndianapolis1
  • Websitewww.firstinternetbancorp.com
  • Incorporated inIN6
  • Business address8701 E. 116Th Street, Fishers, In 460386
  • Filer categoryAccelerated filer6
  • Legal formCorporation4
  • LEI549300B81YWV4GBENI494
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered address8701 E 116th Street, 46038 Fishers, United States4
  • Registered withFederal Deposit Insurance Corporation, 346074

See how the biggest companies compare on our leaderboards

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.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2019

218.7%Net margin7
8.3%Return on equity8
1.69×Debt to equity9
-$47.7MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Loan Servicing brought in 86% of the revenue First Internet Bank of Indiana broke down this way in fiscal 2025.

  1. Loan Servicing$8.7M1086%up 41% from 2024
  2. Bank Servicing$1.4M1014%up 42% from 2024
Products and services by year
Products and services202320242025
Loan Servicing$3.8M$6.2M$8.7M
Bank Servicing$851.0K$959.0K$1.4M

Where the money goes

Where each dollar of revenue went, fiscal 2019

  • Interest76¢$84.4M
  • Income tax2¢$1.9M
  • Profit23¢$25.2M

Out of $11.5M in revenue.117

Financial statements

Fiscal year2019
Revenue$11.5M11
Interest$84.4M7
Income before tax
Income tax$1.9M7
Net income$25.2M7
Earnings per share$2.517
Earnings per share (diluted)$2.517
Shares (weighted, basic)
Shares (weighted, diluted)

Compare First Internet Bank of Indiana with another company

Corporate structure

First Internet Bank of Indiana is part of a group headed by FIRST INTERNET BANCORP. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of First Internet Bank of Indiana

  • John C. Lame Filed SCHEDULE 13D on First Internet Bank of Indiana, latest Apr 8, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on First Internet Bank of Indiana, latest Mar 26, 2026 (5 filings since Feb 10, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on First Internet Bank of Indiana, latest Jan 21, 2026 (5 filings since Feb 8, 2022)
  • BlackRock Filed SCHEDULE 13G/A on First Internet Bank of Indiana, latest Apr 24, 2025 (7 filings since Feb 3, 2022)
  • Stieven Capital Advisors, L.P. Filed SC 13G/A on First Internet Bank of Indiana, latest Jan 19, 2023 (2 filings since Jan 19, 2022)
  • FIRST INTERNET BANCORP Fishers, Indiana, United States
    • First Internet Bank of Indiana Fishers, Indiana, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What First Internet Bank of Indiana reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$456.8M10 Dec 31, 2025$466.4M10 Dec 31, 2024−2.1%
Debt securities available for sale$778.7M10 Dec 31, 2025$587.4M10 Dec 31, 2024+32.6%
Debt securities held to maturity$250.7M10 Dec 31, 2025$249.9M10 Dec 31, 2024+0.3%
Loans, net of allowance$3.7B10 Dec 31, 2025$4.1B10 Dec 31, 2024−10.5%
Deposits held (banks)$4.8B10 Dec 31, 2025$4.9B10 Dec 31, 2024−1.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.7M10 Dec 31, 2025$4.7M10 Dec 31, 20240%

Properties, in its own words

The Company and the Bank are headquartered in a 172,630 square foot mixed-use building located at 8701 East 116th Street, Fishers, IN 46038. The Bank’s wholly-owned subsidiary, SPF15, Inc., owns and operates the building and property. The Company considers its property to be in adequate condition and suitable for its intended purposes.

Item 2 of the 10-K filed Mar 11, 2026.15

Leadership

Who has led First Internet Bank of Indiana, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David B. Becker2013–now

Chair

  1. David B. Becker2013–now

President

  1. David B. Becker2013–2021
  2. Nicole S. Lorch2022–now

Chief financial officer

  1. Kay E. Whitaker2013–2014
  2. Kenneth J. Lovik2014–now

Chief operating officer

  1. Nicole S. Lorch2017–now
200020052010201520202025
Board members and other officers (16)

Products and brands

  • direct bank

Listed on Wikidata.1

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • First Internet BancorpNov 30, 2012 to Oct 9, 20266

Timeline

  1. Sep 21, 20268-K Regulation FD disclosure37
  2. Sep 10, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure38
  3. Jul 30, 20268-K Results of operations39
  4. Jun 16, 20268-K Regulation FD disclosure40
  5. May 20, 20268-K Shareholder vote41
  6. Apr 30, 20268-K Results of operations42
  7. Mar 17, 20268-K Regulation FD disclosure43
  8. Jan 29, 20268-K Results of operations44
  9. Dec 16, 20258-K Regulation FD disclosure45
  10. Oct 22, 20258-K Results of operations; Other events46
  11. Sep 22, 20258-K Completed an acquisition or sale47
  12. Sep 16, 20258-K Regulation FD disclosure48
  13. Feb 4, 2021Parent Directly consolidated by FIRST INTERNET BANCORP4
  14. Feb 22, 2013Went public Listed on NASDAQ1
  15. Feb 21, 2013New chief executive David B. Becker becomes CEO16
  16. 1996Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($1.43) a share, on Oct 22, 2025.49

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results39
  2. Apr 30, 2026Reported quarterly or annual results42
  3. Jan 29, 2026Reported quarterly or annual results44
  4. Oct 22, 2025Reported quarterly or annual results46
  5. Jul 23, 2025Reported quarterly or annual results50
  6. Apr 23, 2025Reported quarterly or annual results51
  7. Jan 22, 2025Reported quarterly or annual results52
  8. Oct 23, 2024Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

235 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 108 insider forms, 20 large holders, 1 private raises, 30 other. The latest 20:

  1. Oct 9, 2026EFFECT EDGAR
  2. Oct 9, 2026424B3 EDGAR
  3. Oct 8, 2026S-4/A EDGAR
  4. Oct 1, 2026S-4 EDGAR
  5. Sep 21, 20268-K EDGAR
  6. Sep 18, 2026D EDGAR
  7. Sep 10, 20268-K EDGAR
  8. Aug 5, 202610-Q EDGAR
  9. Jul 30, 20268-K EDGAR
  10. Jun 16, 20268-K EDGAR
  11. May 20, 20268-K EDGAR
  12. May 19, 20264 EDGAR
  13. May 19, 20264 EDGAR
  14. May 19, 20264 EDGAR
  15. May 19, 20264 EDGAR
  16. May 19, 20264 EDGAR
  17. May 19, 20264 EDGAR
  18. May 19, 20264 EDGAR
  19. May 6, 202610-Q EDGAR
  20. Apr 30, 20268-K EDGAR

The 235 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

29 open-market trades by officers, directors and large owners since October 2021: 28 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 24, 2026Fenech Joseph A.DirectorBuy1,000$19.83$19.8KForm 4
Nov 17, 2025Lorch Nicole S.President & COOBuy2,000$17.96$35.9KForm 4
Oct 30, 2025Dee Ann C.DirectorBuy1,110$17.94$19.9KForm 4
Oct 29, 2025BECKER DAVID BChairman and CEOBuy5,000$18.67$93.3KForm 4
Oct 28, 2025KEACH JOHN K JRDirectorBuy2,000$19.34$38.7KForm 4
May 12, 2023Christian Justin P.DirectorBuy10,000$10.17$101.7KForm 4
May 12, 2023BECKER DAVID BChairman and CEOBuy5,000$10.05$50.2KForm 4
May 11, 2023Bade Aasif M.DirectorBuy10,000$9.95$99.5KForm 4
May 10, 2023Bade Aasif M.DirectorBuy10,000$10.76$107.6KForm 4
May 9, 2023Lorch Nicole S.President & COOBuy2,000$10.40$20.8KForm 4
May 4, 2023KEACH JOHN K JRDirectorBuy2,000$11.12$22.2KForm 4
May 3, 2023Dee Ann C.DirectorBuy2,000$12.52$25.0KForm 4
Mar 29, 2023Dee Ann C.DirectorBuy2,000$17.26$34.5KForm 4
Mar 16, 2023Lorch Nicole S.President & COOBuy1,000$19.46$19.5KForm 4
Mar 16, 2023BECKER DAVID BChairman and CEOBuy5,000$18.72$93.6KForm 4
Mar 15, 2023Christian Justin P.DirectorBuy8,247$18.10$149.3KForm 4
Feb 23, 2023Dee Ann C.DirectorBuy1,000$27.43$27.4KForm 4
Oct 25, 2022Christian Justin P.DirectorBuy10,475$23.84$249.7KForm 4
Oct 24, 2022BECKER DAVID BChairman and CEOBuy10,000$23.60$236.0KForm 4
Oct 24, 2022Lorch Nicole S.President & COOBuy1,000$22.92$22.9KForm 4

All 29 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025David B. BeckerChairman and CEO$848.7K$1.5M59
2025Nicole S. LorchPresident, COO and Corporate Secretary$540.8K$958.6K59
2025Kenneth J. LovikExecutive Vice President and CFO$390.0K$639.4K59
2024David B. BeckerChairman and CEO$824.0K$1.9M59
2024Nicole S. LorchPresident, COO and Corporate Secretary$515.0K$1.2M59
2024Kenneth J. LovikExecutive Vice President and CFO$374.9K$799.9K59
2023David B. BeckerChairman and CEO$800.0K$1.7M59
2023Nicole S. LorchPresident, COO and Corporate Secretary$500.0K$1.1M59
2023Kenneth J. LovikExecutive Vice President and CFO$364.0K$940.2K59

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$20.5M 2026–2026
Money received by yearMoney received by year, 2026–2026: $20.5M in all. Private raises (Form D) $20.5M.$0$10M$20M$30M2026 · Private raises (Form D): $20.5M2026
Figures by year
YearPrivate raises (Form D)Total
2026$20.5M$20.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Sep 10, 2026Raised $20.5 million in a private offering of debt60 Form D: 8 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.726,936$20.2M0.0%−51,588
Heartland Advisors Inc375,900$10.5M0.5%−9,000
Aegis Financial Corp354,261$9.8M1.6%No change
Vanguard Capital Management LLC346,351$9.6M0.0%+10,103
Dimensional Fund Advisors LP327,830$9.1M0.0%−47,979
Aqr Capital Management LLC289,641$8.1M0.0%+214,463
Geode Capital Management, LLC227,248$6.3M0.0%+17,437
Simcoe Capital LLC208,777$5.8M3.5%+36,685
Quantinno Capital Management LP199,891$5.6M0.0%+37,470
D. E. Shaw & Co., Inc.167,886$4.7M0.0%−41,567
Banc Funds Co LLC162,176$4.5M0.7%No change
Hotchkis & Wiley Capital Management LLC148,546$4.1M0.0%−500
State Street Corp135,299$3.8M0.0%+1,616
Jacobs Levy Equity Management, Inc100,345$2.8M0.0%−7,995
Goldman Sachs Group Inc80,774$2.2M0.0%+20,346
Gator Capital Management, LLC78,990$2.2M0.5%+1,816
Sapient Capital LLC77,807$2.2M0.0%No change
Caldwell Sutter Capital, Inc.74,899$2.1M0.8%−2,000
Nuveen, LLC70,325$2.0M0.0%+29,969
American Century Companies Inc67,786$1.9M0.0%−28,693
Morgan Stanley66,896$1.9M0.0%+22,674
Northern Trust Corp65,391$1.8M0.0%+2,767
Citadel Advisors LLC63,201$1.8M0.0%−53,637
Trexquant Investment LP60,694$1.7M0.0%+26,742
Wellington Management Group Llp59,313$1.6M0.0%+33

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How First Internet Bank of Indiana is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFirst Internet Bancorp2
  • CIK0001562463
  • Employer ID (EIN)20-348999115
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company15
  • Incorporated inIndiana15
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address8701 E. 116Th Street, Fishers, IN 460382
  • Phone317-532-79002
  • Shares outstanding8,733,574 as of Jul 31, 202613
  • Public float$215.0M as of Jun 30, 202515
  • AuditorForvis Mazars, LLP, Indianapolis, Indiana PCAOB ID 686; it also attests to the company’s internal control over financial reporting15
  • On EDGAR sinceNov 30, 20122
  • Filings704 in all: 4 (252), 8-K (206), 10-Q (41), SC 13G/A (25), 3 (20), DEFA14A (15), 10-K (14), DEF 14A (14)2
    All 41 form types

    SC 13G (14), 424B5 (12), CORRESP (11), FWP (10), UPLOAD (8), 4/A (7), EFFECT (7), S-3 (4), SCHEDULE 13G/A (4), ARS (3), D (3), S-8 (3), 10-12B/A (2), 305B2 (2), 424B3 (2), 8-A12B (2), CERTNAS (2), S-1/A (2), S-4 (2), S-4/A (2), S-8 POS (2), SCHEDULE 13G (2), 10-12B (1), 25-NSE (1), 3/A (1), 424B4 (1), 5 (1), CERT (1), PRE 14A (1), S-1 (1), S-1MEF (1), S-3/A (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 11, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Mar 27, 2026
    Latest 8-K (8-K) Sep 21, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, without par valueINBKThe Nasdaq Stock Market LLC
6.0% Fixed to Floating Subordinated Notes due 2029INBKZThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 11, 2026 (Section 12(b) of the Exchange Act).15

Risk factors and legal proceedings

The risks First Internet Bank of Indiana names in Item 1A of its 10-K filed Mar 11, 2026: 34 risks under these headings, as written.15

  • Business, Strategic, and Reputational Risks
  • A failure of, or interruption in, the communications and information systems on which we rely to conduct our business could adversely affect our revenues and profitability.
  • Economic conditions have affected and could continue to adversely affect our revenues and profits.
  • The competitive nature of the banking and financial services industry could negatively affect our ability to increase or maintain our market share and retain long-term profitability.
  • Negative developments in the banking industry could adversely affect our current and future business operations and financial condition.
  • Small Business Administration lending and other government guaranteed lending is an important part of our business. Our government guaranteed lending programs are dependent upon the U.S. federal government, and we face specific risks associated with originating SBA and other government guaranteed loans.
  • Societal, legislative and regulatory responses to environmental, social and governance (ESG) concerns, and anti-ESG concerns, as well as diversity, equity, and inclusion (DEI) and anti-DEI concerns, could adversely affect our business and performance, including indirectly through impacts on our customers.
  • New lines of business, and new products and services, may result in exposure to new risks; and the value and earnings related to existing lines of business are subject to market conditions.
  • Significant external events, including continued spread or outbreak of a highly contagious disease, could adversely affect our business and results of operations.
  • Anti-takeover provisions could negatively impact our shareholders.
  • Credit Risks
  • Our business depends on our ability to successfully manage credit risk.
The other 24 risks
  • Our commercial loan portfolio exposes us to higher credit risks than residential real estate loans, including risks relating to the success of the underlying business and conditions in the market or the economy and concentrations in our commercial loan portfolio.
  • We are subject to risks arising from conditions in the real estate market, as a significant portion of our loans are secured by real estate.
  • If our allowance for credit losses is not sufficient to cover actual credit losses, our earnings could decrease.
  • Market, Interest Rate, and Liquidity Risks
  • The market value of some of our investments could decline and adversely affect our financial position.
  • Changes in interest rates could adversely affect the Company’s results of operations and financial condition.
  • The Bank may not be able to pay us dividends.
  • We may need additional funding resources in the future, and these funding resources may not be available when needed or at all, without which our financial condition, results of operations and prospects could be materially impaired.
  • The recognition of gains on the sale of loans and servicing asset valuations reflect certain assumptions.
  • The Company’s stock price can be volatile.
  • Operational Risks
  • Because our business is highly dependent on technology that is subject to rapid change and transformation, we are subject to risks of obsolescence.
  • We rely on our management team and could be adversely affected by the unexpected loss of key officers.
  • A failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors and other service providers, including as a result of cyber-attacks, could disrupt our business and lead to unauthorized disclosure of customers’ personal information, theft or misuse of confidential or proprietary information, damage to our reputation, and increases in our costs or financial losses.
  • Our business may be adversely affected by fraud.
  • Legal and Regulatory Risks
  • We operate in a highly regulated environment, which could restrain our growth and profitability.
  • Federal and state regulators periodically examine our business, and we may be required to remediate adverse examination findings.
  • Our FDIC deposit insurance premiums and assessments may increase, which would reduce our profitability.
  • We are subject to numerous laws designed to protect consumers, including the CRA and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • We are subject to evolving and expensive regulations and requirements. Our failure to adhere to these requirements or the failure or circumvention of our controls and procedures could seriously harm our business.
  • We face risk under the BSA and other anti-money laundering statutes and regulations, as well as general fund transfer and payments-related risk.
  • We may be subject to potential liability and business risk from actions by our regulators related to supervision of third parties.
  • Federal banking laws limit the acquisition, ownership and repurchase of our common stock.
  • Changes in accounting policies or in accounting standards could materially affect how we report our financial condition and results of operations.
  • Shares of our common stock are not insured deposits and may lose value.
  • The costs and effects of litigation, investigations or similar matters involving us or other financial institutions or counterparties, or related adverse facts and developments, could materially affect our business, operating results and financial condition.

Legal proceedings

Neither we nor any of our subsidiaries are party to any material legal proceedings. From time to time, the Bank is a party to legal actions arising from its normal business activities.

The opening of Item 3, Legal Proceedings.15

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60