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First Internet Bancorp (INBK) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

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$153.50M
HFWAHeritage Financial$303.13M$81.65M
INBKFirst Internet Bancorp$265.49M$76.51M
HTBIHomeTrust Bancshares$186.37M$-145.70M
HBCPHome Bancorp$178.87M$51.02M
FNWBFirst Northwest Bancorp$104.92M$28.21M
FNWDFinward Bancorp$96.53M$22.47M
OVLYOak Valley Bancorp$87.34M$19.50M
FFNWFirst Financial Northwest$80.93M$20.09M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$15.02M
AFBIAffinity Bancshares$45.17M$12.87M
HMNFHMN Financial$43.48M$14.79M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee Federal Financial$16.61M$3.21M
FCCOFirst Community$10.42M$26.72M

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.