First Internet Bancorp (INBK) - Net Assets
Based on the latest financial reports, First Internet Bancorp (INBK) has net assets worth $359.77 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.57 Billion) and total liabilities ($5.21 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. Check financial resilience of First Internet Bancorp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $359.77 Million |
| % of Total Assets | 6.46% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | -5.41% |
| 10-Year Change | 133.7% |
| Growth Volatility | 16.53 |
First Internet Bancorp - Net Assets Trend (2005–2025)
This chart illustrates how First Internet Bancorp's net assets have evolved over time, based on quarterly financial data. Also explore how large is First Internet Bancorp's balance sheet for the complete picture of this company's asset base.
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 valuation and market cap data, see market cap of First Internet Bancorp.
| 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.
Current Equity Component Breakdown (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 |
|---|---|
|
Berjaya Assets Bhd
KLSE:3239
|
$189.48 Million |
|
Lealea Enterprise Co Ltd
TW:1444
|
$189.49 Million |
|
Ames National Corporation
NASDAQ:ATLO
|
$189.58 Million |
|
EBR Systems Inc
AU:EBR
|
$189.63 Million |
|
LifeMD Inc
NASDAQ:LFMD
|
$189.41 Million |
|
Jalles Machado S/A
SA:JALL3
|
$189.34 Million |
|
Elicio Therapeutics Inc.
NASDAQ:ELTX
|
$189.30 Million |
|
Fasadgruppen Group AB
ST:FG
|
$189.29 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.
- 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% |
| Other Comprehensive Income | $12.52 Million | +3.48% |
| Other Changes | $-1.65 Million | -0.46% |
| 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: 0.58x
- 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 1.66x to 0.58x 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 | $23.72 | x |
| 2006-12-31 | $14.82 | $23.72 | x |
| 2007-12-31 | $16.35 | $23.72 | x |
| 2008-12-31 | $16.05 | $23.72 | x |
| 2009-12-31 | $15.77 | $23.72 | x |
| 2010-12-31 | $17.17 | $23.72 | x |
| 2011-12-31 | $19.38 | $23.72 | x |
| 2012-12-31 | $21.38 | $23.72 | x |
| 2013-12-31 | $29.81 | $23.72 | x |
| 2014-12-31 | $21.47 | $23.72 | x |
| 2015-12-31 | $22.91 | $23.72 | x |
| 2016-12-31 | $29.38 | $23.72 | x |
| 2017-12-31 | $31.35 | $23.72 | x |
| 2018-12-31 | $30.36 | $23.72 | x |
| 2019-12-31 | $30.36 | $23.72 | x |
| 2020-12-31 | $33.63 | $23.72 | x |
| 2021-12-31 | $38.13 | $23.72 | x |
| 2022-12-31 | $38.04 | $23.72 | x |
| 2023-12-31 | $40.95 | $23.72 | x |
| 2024-12-31 | $43.81 | $23.72 | x |
| 2025-12-31 | $41.21 | $23.72 | 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: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Internet Bancorp (INBK) | $359.77 Million | 5.01% | 14.49x | $189.44 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 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