First Internet Bancorp (INBK) Revenue & Revenue Breakdown


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First Internet Bancorp Revenue Highlights


Latest Revenue (Y)

$265.49M

Latest Revenue (Q)

$76.51M

Main Segment (Y)

Loan Servicing

First Internet Bancorp Revenue by Period


First Internet Bancorp Revenue by Year

DateRevenueChange
2023-12-31$265.49M133.06%
2022-12-31$113.92M-0.74%
2021-12-31$114.77M16.11%
2020-12-31$98.84M25.73%
2019-12-31$78.61M12.17%
2018-12-31$70.08M10.38%
2017-12-31$63.50M19.94%
2016-12-31$52.94M31.37%
2015-12-31$40.30M39.37%
2014-12-31$28.91M9.89%
2013-12-31$26.31M-0.05%
2012-12-31$26.32M43.01%
2011-12-31$18.41M2.56%
2010-12-31$17.95M5.88%
2009-12-31$16.95M14.02%
2008-12-31$14.87M6.67%
2007-12-31$13.94M24.36%
2006-12-31$11.21M6.48%
2005-12-31$10.53M-

First Internet Bancorp generated $265.49M in revenue during NA 2022, up 133.06% compared to the previous quarter, and up 378.81% compared to the same period a year ago.

First Internet Bancorp Revenue by Quarter

DateRevenueChange
2024-03-31$76.51M3.85%
2023-12-31$73.67M214.18%
2023-09-30$23.45M2.20%
2023-06-30$22.94M-0.43%
2023-03-31$23.04M-12.91%
2022-12-31$26.46M-2.61%
2022-09-30$27.17M-7.28%
2022-06-30$29.30M-5.44%
2022-03-31$30.99M1.45%
2021-12-31$30.55M7.75%
2021-09-30$28.35M3.07%
2021-06-30$27.50M-3.04%
2021-03-31$28.37M-8.18%
2020-12-31$30.89M9.09%
2020-09-30$28.32M49.05%
2020-06-30$19.00M-7.90%
2020-03-31$20.63M0.68%
2019-12-31$20.49M-0.32%
2019-09-30$20.55M6.69%
2019-06-30$19.27M5.27%
2019-03-31$18.30M6.01%
2018-12-31$17.26M-2.59%
2018-09-30$17.72M1.99%
2018-06-30$17.38M-1.93%
2018-03-31$17.72M0.70%
2017-12-31$17.60M3.12%
2017-09-30$17.06M10.36%
2017-06-30$15.46M15.60%
2017-03-31$13.38M-1.15%
2016-12-31$13.53M-9.73%
2016-09-30$14.99M16.19%
2016-06-30$12.90M12.06%
2016-03-31$11.51M18.02%
2015-03-31$9.76M17.19%
2014-12-31$8.32M11.94%
2014-09-30$7.44M8.13%
2014-06-30$6.88M9.58%
2014-03-31$6.28M5.78%
2013-12-31$5.93M1.92%
2013-09-30$5.82M-24.19%
2013-06-30$7.68M10.28%
2013-03-31$6.96M-10.65%
2012-12-31$7.79M13.98%
2012-09-30$6.84M17.82%
2012-06-30$5.80M-1.58%
2012-03-31$5.89M60.02%
2008-12-31$3.68M-6.27%
2008-09-30$3.93M3.90%
2008-06-30$3.78M9.00%
2008-03-31$3.47M-11.83%
2007-12-31$3.94M17.04%
2007-09-30$3.36M5.36%
2007-06-30$3.19M-7.37%
2007-03-31$3.45M16.38%
2006-12-31$2.96M9.58%
2006-09-30$2.70M-3.53%
2006-06-30$2.80M2.11%
2006-03-31$2.74M0.69%
2005-12-31$2.72M5.78%
2005-09-30$2.58M100.00%
2005-06-30--

First Internet Bancorp generated $76.51M in revenue during Q2 2023, up 3.85% compared to the previous quarter, and up 289.18% compared to the same period a year ago.

First Internet Bancorp Revenue Breakdown


First Internet Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Loan Servicing$3.83M$2.57M$1.93M$1.16M$166.00K
Mortgage Banking$76.00K$5.46M$15.05M$24.69M$11.54M
Bank Servicing$851.00K$1.07M$1.11M$824.00K$885.00K
Loan Servicing Asset Revaluation$-1.46M$-1.64M$-1.07M$-432.00K-

First Internet Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Loan Servicing (116.26%), Bank Servicing (25.81%), Mortgage Banking (2.31%), and Loan Servicing Asset Revaluation (-44.37%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Bank Servicing$220.00K$198.00K$218.00K$209.00K$226.00K$248.00K$281.00K$316.00K$292.00K$276.00K$280.00K$266.00K$206.00K$224.00K$182.00K$212.00K$213.00K$211.00K$225.00K
Mortgage Banking---$76.00K$1.01M$871.00K$1.71M$1.87M$2.78M$3.85M$2.67M$5.75M$7.99M$9.63M$3.41M$3.67M$2.95M$4.31M$2.66M
Loan Servicing Asset Revaluation$-434.00K-$-358.00K$-55.00K$-539.00K$-333.00K$-470.00K$-297.00K$-400.00K$-274.00K$-240.00K$-155.00K$-60.00K$-103.00K$-90.00K$-179.00K---
Loan Servicing$1.32M$1.48M$850.00K$785.00K$715.00K$653.00K$620.00K$585.00K$544.00K$511.00K$457.00K$422.00K$379.00K$274.00K$255.00K$251.00K---

First Internet Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Loan Servicing (119.30%), Bank Servicing (19.84%), and Loan Servicing Asset Revaluation (-39.13%).

First Internet Bancorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
QCRHQCR$547.38M$150.56M
HFWAHeritage Financial$303.13M$81.83M
INBKFirst Internet Bancorp$265.49M$76.51M
HTBIHomeTrust Bancshares$186.37M$73.53M
HBCPHome Bancorp$178.87M$51.02M
FNWBFirst Northwest Bancorp$104.92M$28.10M
FNWDFinward Bancorp$96.53M$24.70M
OVLYOak Valley Bancorp$87.34M$18.76M
FFNWFirst Financial Northwest$80.93M$20.02M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$14.24M
AFBIAffinity Bancshares$45.17M$12.93M
HMNFHMN Financial$43.48M$14.79M
LSBKLake Shore Bancorp$36.39M$9.49M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.40M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee Federal Financial$16.61M$3.21M
FCCOFirst Community$10.42M$25.48M

INBK Revenue FAQ


First Internet Bancorp's yearly revenue for 2022 was $265.49M, representing an increase of 133.06% compared to 2021. The company's yearly revenue for 2021 was $113.92M, representing a decrease of -0.74% compared to 2020. INBK's yearly revenue for 2020 was $114.76M, representing an increase of 16.11% compared to 2019.

First Internet Bancorp's quarterly revenue for Q2 2023 was $76.51M, a 3.85% increase from the previous quarter (Q1 2023), and a 232.04% increase year-over-year (Q2 2022). The company's quarterly revenue for Q1 2023 was $73.67M, a 214.18% increase from the previous quarter (Q4 2022), and a 178.45% increase year-over-year (Q1 2022). INBK's quarterly revenue for Q4 2022 was $23.45M, a 2.20% increase from the previous quarter (Q3 2022), and a -13.69% decrease year-over-year (Q4 2021).

First Internet Bancorp's revenue growth rate for the last 3 years (2020-2022) was 131.33%, and for the last 5 years (2018-2022) was 237.71%.

First Internet Bancorp's revenue streams in c 23 are Loan Servicing, Mortgage Banking, Bank Servicing, and Loan Servicing Asset Revaluation. Loan Servicing generated $3.83M in revenue, accounting 116.26% of the company's total revenue, up 48.97% year-over-year. Mortgage Banking generated $76K in revenue, accounting 2.31% of the company's total revenue, down -98.61% year-over-year. Bank Servicing generated $851K in revenue, accounting 25.81% of the company's total revenue, down -20.54% year-over-year. Loan Servicing Asset Revaluation generated $-1.463M in revenue, accounting -44.37% of the company's total revenue, down -10.74% year-over-year.

For the fiscal year ending Dec 23, the largest source of revenue of First Internet Bancorp was Loan Servicing. This segment made a revenue of $3.83M, representing 116.26% of the company's total revenue.