First Internet Bancorp Net Assets
First Internet Bancorp net assets. Based on the latest financial reports, First Internet Bancorp (INBK) has net assets worth $363.55 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.56 Billion) and total liabilities ($5.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore INBK net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $363.55 Million |
| % of Total Assets | 6.54% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | -5.41% |
| 10-Year Change | 133.7% |
| Growth Volatility | 16.53 |
Net Assets of First Internet Bancorp (2005–2025)
Net assets of First Internet Bancorp from 2005 to 2025. This chart illustrates how First Internet Bancorp's net assets have evolved over time, based on quarterly financial data. See First Internet Bancorp (INBK) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for First Internet Bancorp (2005–2025)
The table below shows the annual net assets of First Internet Bancorp from 2005 to 2025. For live market cap and overall valuation, see First Internet Bancorp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $359.77 Million | -6.33% |
| 2024-12-31 | $384.06 Million | +5.86% |
| 2023-12-31 | $362.80 Million | -0.60% |
| 2022-12-31 | $364.97 Million | -4.04% |
| 2021-12-31 | $380.34 Million | +14.93% |
| 2020-12-31 | $330.94 Million | +8.54% |
| 2019-12-31 | $304.91 Million | +5.60% |
| 2018-12-31 | $288.74 Million | +28.83% |
| 2017-12-31 | $224.13 Million | +45.59% |
| 2016-12-31 | $153.94 Million | +47.55% |
| 2015-12-31 | $104.33 Million | +7.80% |
| 2014-12-31 | $96.78 Million | +6.46% |
| 2013-12-31 | $90.91 Million | +48.18% |
| 2012-12-31 | $61.35 Million | +10.69% |
| 2011-12-31 | $55.42 Million | +13.34% |
| 2010-12-31 | $48.90 Million | +9.23% |
| 2009-12-31 | $44.76 Million | -1.43% |
| 2008-12-31 | $45.41 Million | -1.46% |
| 2007-12-31 | $46.09 Million | +8.01% |
| 2006-12-31 | $42.67 Million | -1.87% |
| 2005-12-31 | $43.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Internet Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 56594.1% over the analyzed period, indicating profitable operations and earnings retention.
First Internet Bancorp Net Assets Breakdown (December 2025)
First Internet Bancorp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $193.32 Million | 53.73% |
| Common Stock | $186.58 Million | 51.86% |
| Other Comprehensive Income | $-20.13 Million | -5.60% |
| Total Equity | $359.77 Million | 100.00% |
First Internet Bancorp Competitors by Market Cap
The table below lists competitors of First Internet Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Acadian Timber Corp
TO:ADN
|
$232.45 Million |
|
Pss Co Ltd
TW:6914
|
$232.64 Million |
|
GOLFZON NEWDIN HOLDINGS Co. Ltd
KQ:121440
|
$232.69 Million |
|
Kodiak AI, Inc. Common Stock
NASDAQ:KDK
|
$232.72 Million |
|
Hunan Copote Science Technology Co Ltd
SHG:600476
|
$232.40 Million |
|
Hefei Jingsong Intelligent Technology Co. Ltd. A
SHG:688251
|
$232.30 Million |
|
Vine Hill Capital Investment Corp. II Class A Ordinary Shares
NASDAQ:VHCP
|
$232.30 Million |
|
Siyaram Silk Mills Limited
NSE:SIYSIL
|
$232.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Internet Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 384,063,000 to 359,767,000, a change of -24,296,000 (-6.3%).
- Net loss of 35,168,000 reduced equity.
- Dividend payments of 2,087,000 reduced retained earnings.
- Share repurchases of 521,000 reduced equity.
- Other comprehensive income increased equity by 12,523,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-35.17 Million | -9.78% |
| Dividends Paid | $2.09 Million | -0.58% |
| Share Repurchases | $521.00K | -0.14% |
| Other Comprehensive Income | $12.52 Million | +3.48% |
| Other Changes | $957.00K | +0.27% |
| Total Change | $- | -6.33% |
Book Value vs Market Value Analysis
This analysis compares First Internet Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.65x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.86x to 0.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $14.29 | $26.61 | x |
| 2006-12-31 | $14.82 | $26.61 | x |
| 2007-12-31 | $16.35 | $26.61 | x |
| 2008-12-31 | $16.05 | $26.61 | x |
| 2009-12-31 | $15.77 | $26.61 | x |
| 2010-12-31 | $17.17 | $26.61 | x |
| 2011-12-31 | $19.38 | $26.61 | x |
| 2012-12-31 | $21.38 | $26.61 | x |
| 2013-12-31 | $29.81 | $26.61 | x |
| 2014-12-31 | $21.47 | $26.61 | x |
| 2015-12-31 | $22.91 | $26.61 | x |
| 2016-12-31 | $29.38 | $26.61 | x |
| 2017-12-31 | $31.35 | $26.61 | x |
| 2018-12-31 | $30.36 | $26.61 | x |
| 2019-12-31 | $30.36 | $26.61 | x |
| 2020-12-31 | $33.63 | $26.61 | x |
| 2021-12-31 | $38.13 | $26.61 | x |
| 2022-12-31 | $38.04 | $26.61 | x |
| 2023-12-31 | $40.95 | $26.61 | x |
| 2024-12-31 | $43.81 | $26.61 | x |
| 2025-12-31 | $41.21 | $26.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Internet Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.89%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 15.49x
- Recent ROE (-9.78%) is below the historical average (5.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 5.01% | 9.82% | 0.05x | 9.93x | $-2.17 Million |
| 2006 | 4.99% | 8.14% | 0.05x | 11.33x | $-2.14 Million |
| 2007 | 6.14% | 8.29% | 0.06x | 12.11x | $-1.78 Million |
| 2008 | 3.47% | 4.67% | 0.06x | 11.96x | $-2.97 Million |
| 2009 | -4.73% | -6.72% | 0.06x | 11.27x | $-6.59 Million |
| 2010 | 10.13% | 17.24% | 0.06x | 10.31x | $64.90K |
| 2011 | 5.75% | 11.37% | 0.05x | 10.56x | $-2.36 Million |
| 2012 | 9.14% | 16.11% | 0.05x | 10.37x | $-529.00K |
| 2013 | 5.05% | 13.35% | 0.04x | 8.83x | $-4.50 Million |
| 2014 | 4.47% | 11.43% | 0.04x | 10.03x | $-5.35 Million |
| 2015 | 8.56% | 17.52% | 0.04x | 12.17x | $-1.50 Million |
| 2016 | 7.84% | 16.75% | 0.04x | 12.05x | $-3.32 Million |
| 2017 | 6.79% | 16.16% | 0.03x | 12.35x | $-7.19 Million |
| 2018 | 7.58% | 17.76% | 0.03x | 12.27x | $-6.97 Million |
| 2019 | 8.28% | 15.48% | 0.04x | 13.45x | $-5.25 Million |
| 2020 | 8.90% | 17.21% | 0.04x | 12.83x | $-3.64 Million |
| 2021 | 12.65% | 29.68% | 0.04x | 11.07x | $10.08 Million |
| 2022 | 9.74% | 20.46% | 0.04x | 12.45x | $-956.40K |
| 2023 | 2.32% | 3.24% | 0.05x | 14.24x | $-27.86 Million |
| 2024 | 6.58% | 7.58% | 0.06x | 14.94x | $-13.13 Million |
| 2025 | -9.78% | -10.89% | 0.06x | 15.49x | $-71.14 Million |
Industry Comparison
This section compares First Internet Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $308,911,800
- Average return on equity (ROE) among peers: 0.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Internet Bancorp (INBK) | $363.55 Million | 5.01% | 14.28x | $232.40 Million |
| Ameris Bancorp (ABCB) | $71.80 Million | 9.61% | 9.10x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $30.50 Million | 10.16% | 8.60x | $5.57 Billion |
| ACNB Corporation (ACNB) | $62.69 Million | 13.30% | 9.05x | $645.30 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $196.95 Million | 13.13% | 10.06x | $829.34 Million |
| Amalgamated Bank (AMAL) | $794.46 Million | 13.15% | 10.16x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $34.90 Million | -95.70% | 21.06x | $715.76 Million |
| Associated Banc-Corp (ASB) | $803.60 Million | 13.32% | 11.60x | $5.84 Billion |
| AmeriServ Financial Inc (ASRV) | $116.60 Million | 10.72% | 9.65x | $77.09 Million |
About First Internet Bancorp
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certi… Read more