First Internet Bancorp (INBK) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $265.49M | 133.06% |
| 2022-12-31 | $113.92M | -0.74% |
| 2021-12-31 | $114.77M | 16.11% |
| 2020-12-31 | $98.84M | 25.73% |
| 2019-12-31 | $78.61M | 12.17% |
| 2018-12-31 | $70.08M | 10.38% |
| 2017-12-31 | $63.50M | 19.94% |
| 2016-12-31 | $52.94M | 31.37% |
| 2015-12-31 | $40.30M | 39.37% |
| 2014-12-31 | $28.91M | 9.89% |
| 2013-12-31 | $26.31M | -0.05% |
| 2012-12-31 | $26.32M | 43.01% |
| 2011-12-31 | $18.41M | 2.56% |
| 2010-12-31 | $17.95M | 5.88% |
| 2009-12-31 | $16.95M | 14.02% |
| 2008-12-31 | $14.87M | 6.67% |
| 2007-12-31 | $13.94M | 24.36% |
| 2006-12-31 | $11.21M | 6.48% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $76.51M | 3.85% |
| 2023-12-31 | $73.67M | 214.18% |
| 2023-09-30 | $23.45M | 2.20% |
| 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 | $30.99M | 1.45% |
| 2021-12-31 | $30.55M | 7.75% |
| 2021-09-30 | $28.35M | 3.07% |
| 2021-06-30 | $27.50M | -3.04% |
| 2021-03-31 | $28.37M | -8.18% |
| 2020-12-31 | $30.89M | 9.09% |
| 2020-09-30 | $28.32M | 49.05% |
| 2020-06-30 | $19.00M | -7.90% |
| 2020-03-31 | $20.63M | 0.68% |
| 2019-12-31 | $20.49M | -0.32% |
| 2019-09-30 | $20.55M | 6.69% |
| 2019-06-30 | $19.27M | 5.27% |
| 2019-03-31 | $18.30M | 6.01% |
| 2018-12-31 | $17.26M | -2.59% |
| 2018-09-30 | $17.72M | 1.99% |
| 2018-06-30 | $17.38M | -1.93% |
| 2018-03-31 | $17.72M | 0.70% |
| 2017-12-31 | $17.60M | 3.12% |
| 2017-09-30 | $17.06M | 10.36% |
| 2017-06-30 | $15.46M | 15.60% |
| 2017-03-31 | $13.38M | -1.15% |
| 2016-12-31 | $13.53M | -9.73% |
| 2016-09-30 | $14.99M | 16.19% |
| 2016-06-30 | $12.90M | 12.06% |
| 2016-03-31 | $11.51M | 18.02% |
| 2015-03-31 | $9.76M | 17.19% |
| 2014-12-31 | $8.32M | 11.94% |
| 2014-09-30 | $7.44M | 8.13% |
| 2014-06-30 | $6.88M | 9.58% |
| 2014-03-31 | $6.28M | 5.78% |
| 2013-12-31 | $5.93M | 1.92% |
| 2013-09-30 | $5.82M | -24.19% |
| 2013-06-30 | $7.68M | 10.28% |
| 2013-03-31 | $6.96M | -10.65% |
| 2012-12-31 | $7.79M | 13.98% |
| 2012-09-30 | $6.84M | 17.82% |
| 2012-06-30 | $5.80M | -1.58% |
| 2012-03-31 | $5.89M | 60.02% |
| 2008-12-31 | $3.68M | -6.27% |
| 2008-09-30 | $3.93M | 3.90% |
| 2008-06-30 | $3.78M | 9.00% |
| 2008-03-31 | $3.47M | -11.83% |
| 2007-12-31 | $3.94M | 17.04% |
| 2007-09-30 | $3.36M | 5.36% |
| 2007-06-30 | $3.19M | -7.37% |
| 2007-03-31 | $3.45M | 16.38% |
| 2006-12-31 | $2.96M | 9.58% |
| 2006-09-30 | $2.70M | -3.53% |
| 2006-06-30 | $2.80M | 2.11% |
| 2006-03-31 | $2.74M | 0.69% |
| 2005-12-31 | $2.72M | 5.78% |
| 2005-09-30 | $2.58M | 100.00% |
| 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/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| QCRH | QCR | $547.38M | $150.56M |
| HFWA | Heritage Financial | $303.13M | $81.83M |
| INBK | First Internet Bancorp | $265.49M | $76.51M |
| HTBI | HomeTrust Bancshares | $186.37M | $73.53M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| FCAP | First Capital | $51.24M | $14.24M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
| FCCO | First Community | $10.42M | $25.48M |
INBK Revenue FAQ
What is First Internet Bancorp’s yearly revenue?
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.
What is First Internet Bancorp’s quarterly revenue?
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).
What is First Internet Bancorp’s revenue growth rate?
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%.
What are First Internet Bancorp’s revenue streams?
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.
What is First Internet Bancorp’s main source of revenue?
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.