First Internet Bancorp (INBK) Stock Forecast, Price Target & Predictions
INBK Stock Forecast
First Internet Bancorp stock forecast is as follows: an average price target of $42.75 (represents a 24.74% upside from INBK’s last price of $34.27) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
INBK Price Target
The average price target for First Internet Bancorp (INBK) is $42.75 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $40.50. This represents a potential 24.74% upside from INBK's last price of $34.27.
INBK Analyst Ratings
According to 3 Wall Street analysts, First Internet Bancorp's rating consensus is 'Hold'. The analyst rating breakdown for INBK stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
First Internet Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Nathan Race | Piper Sandler | $40.50 | $39.10 | 3.58% | 18.18% |
| Jul 26, 2024 | George Sutton | Craig-Hallum | $45.00 | $37.95 | 18.59% | 31.31% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $34.00 | $31.25 | 8.80% | -0.79% |
The latest First Internet Bancorp stock forecast, released on Jul 29, 2024 by Nathan Race from Piper Sandler, set a price target of $40.50, which represents a 3.58% increase from the stock price at the time of the forecast ($39.10), and a 18.18% increase from INBK last price ($34.27).
First Internet Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $42.75 | $39.83 |
| Last Closing Price | $34.27 | $34.27 | $34.27 |
| Upside/Downside | -100.00% | 24.74% | 16.22% |
In the current month, the average price target of First Internet Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to First Internet Bancorp's last price of $34.27. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 26, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Apr 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Dec 18, 2023 | Craig-Hallum | - | Buy | Upgrade |
| Oct 23, 2022 | Keefe Bruyette & Woods | - | Market Perform | Downgrade |
First Internet Bancorp's last stock rating was published by Piper Sandler on Jul 29, 2024. The company gave INBK a "Neutral" rating, the same as its previous rate.
First Internet Bancorp Financial Forecast
First Internet Bancorp Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Oct 22 | Sep 22 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $73.67M | $23.45M | $22.94M | $23.04M | $26.46M | - | $27.17M | - | $30.99M | $30.55M | $28.35M | $27.50M | $28.37M | $30.89M | $28.32M | $19.00M | $20.63M | $20.49M | $20.55M | $19.27M |
| Avg Forecast | $40.73M | $40.03M | $38.80M | $36.77M | $36.05M | $34.75M | $31.38M | $29.76M | $26.01M | $25.32M | $24.45M | $26.18M | $28.18M | $32.87M | $32.87M | $33.49M | $32.14M | $31.56M | $31.21M | $32.71M | $30.05M | $28.57M | $23.07M | $21.87M | $21.64M | $20.58M | $20.54M | $19.39M |
| High Forecast | $41.95M | $41.23M | $39.96M | $37.86M | $37.12M | $34.80M | $32.32M | $30.65M | $26.32M | $32.79M | $25.18M | $26.95M | $29.02M | $32.87M | $33.85M | $33.49M | $32.70M | $32.11M | $31.76M | $33.29M | $30.57M | $29.07M | $23.48M | $22.25M | $22.01M | $20.94M | $20.90M | $19.72M |
| Low Forecast | $38.81M | $38.14M | $36.97M | $35.03M | $34.35M | $34.70M | $29.90M | $28.35M | $25.69M | $22.25M | $23.30M | $24.94M | $26.85M | $32.87M | $31.32M | $33.49M | $31.33M | $30.77M | $30.43M | $31.89M | $29.29M | $27.85M | $22.49M | $21.32M | $21.09M | $20.06M | $20.02M | $18.90M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 1 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | 2.83% | 0.93% | 0.94% | 0.88% | 0.94% | - | 0.83% | - | 0.96% | 0.97% | 0.91% | 0.84% | 0.94% | 1.08% | 1.23% | 0.87% | 0.95% | 1.00% | 1.00% | 0.99% |
First Internet Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $29.76M, with a low forecast of $28.35M, and a high forecast of $30.65M. INBK's average Quarter revenue forecast represents a -59.61% decrease compared to the company's last Quarter revenue of $73.67M (Dec 23).
First Internet Bancorp EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Oct 22 | Sep 22 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 1 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | $3.08M | $3.65M | $29.32M | $12.11M | - | $31.27M | - | $45.55M | $27.30M | $29.04M | $31.00M | $25.34M | $31.06M | $28.15M | $25.54M | $29.30M | $32.02M | $30.96M | $28.85M |
| Avg Forecast | $16.59M | $16.31M | $15.81M | $14.98M | $14.69M | $14.16M | $12.79M | $12.12M | $10.59M | $10.32M | $9.96M | $10.66M | $11.48M | $29.68M | $29.68M | $15.65M | $15.02M | $24.26M | $26.98M | $15.28M | $22.68M | $21.19M | $21.76M | $20.12M | $10.11M | $9.61M | $9.60M | $9.06M |
| High Forecast | $17.09M | $16.80M | $16.28M | $15.42M | $15.12M | $14.18M | $13.17M | $12.48M | $10.72M | $13.36M | $10.26M | $10.98M | $11.82M | $35.61M | $35.61M | $15.65M | $15.28M | $29.11M | $32.38M | $15.55M | $27.21M | $25.43M | $26.11M | $24.15M | $10.28M | $9.78M | $9.76M | $9.22M |
| Low Forecast | $15.81M | $15.54M | $15.06M | $14.27M | $13.99M | $14.14M | $12.18M | $11.55M | $10.46M | $9.06M | $9.49M | $10.16M | $10.94M | $23.74M | $23.74M | $15.65M | $14.64M | $19.41M | $21.58M | $14.90M | $18.14M | $16.95M | $17.40M | $16.10M | $9.85M | $9.37M | $9.35M | $8.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.30% | 0.37% | 2.75% | 1.06% | - | 1.05% | - | 3.03% | 1.13% | 1.08% | 2.03% | 1.12% | 1.47% | 1.29% | 1.27% | 2.90% | 3.33% | 3.23% | 3.19% |
2 analysts predict INBK's average Quarter EBITDA for Dec 23 to be $10.59M, with a high of $10.72M and a low of $10.46M. This is 243.64% upper than First Internet Bancorp's previous annual EBITDA (Sep 23) of $3.08M.
First Internet Bancorp Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Oct 22 | Sep 22 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 1 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 |
| Net Income | - | - | - | - | - | - | - | - | $4.14M | $3.41M | $3.88M | $-1.30M | $6.35M | - | $8.44M | - | $11.21M | $12.48M | $12.09M | $13.10M | $10.45M | $11.09M | $8.41M | $3.93M | $6.02M | $7.10M | $6.33M | $6.12M |
| Avg Forecast | $9.78M | $9.72M | $9.15M | $8.25M | $7.72M | $7.25M | $6.14M | $26.44M | $2.68M | $3.10M | $3.31M | $24.03M | $6.06M | $12.36M | $12.36M | $9.84M | $21.85M | $11.09M | $11.23M | $14.18M | $9.35M | $7.57M | $6.50M | $3.10M | $5.25M | $5.23M | $6.12M | $5.91M |
| High Forecast | $10.16M | $10.09M | $9.51M | $8.56M | $8.02M | $7.34M | $6.38M | $31.72M | $3.24M | $3.53M | $3.43M | $28.84M | $6.29M | $14.83M | $14.83M | $9.84M | $26.22M | $13.31M | $13.48M | $17.01M | $11.22M | $9.08M | $7.80M | $3.72M | $6.30M | $6.27M | $7.34M | $7.09M |
| Low Forecast | $9.18M | $9.12M | $8.59M | $7.74M | $7.25M | $7.08M | $5.76M | $21.15M | $2.12M | $2.41M | $3.10M | $19.23M | $5.69M | $9.89M | $9.89M | $9.84M | $17.48M | $8.87M | $8.99M | $11.34M | $7.48M | $6.05M | $5.20M | $2.48M | $4.20M | $4.18M | $4.89M | $4.73M |
| Surprise % | - | - | - | - | - | - | - | - | 1.54% | 1.10% | 1.17% | -0.05% | 1.05% | - | 0.68% | - | 0.51% | 1.13% | 1.08% | 0.92% | 1.12% | 1.47% | 1.29% | 1.27% | 1.15% | 1.36% | 1.03% | 1.04% |
First Internet Bancorp's average Quarter net income forecast for Mar 24 is $26.44M, with a range of $21.15M to $31.72M. INBK's average Quarter net income forecast represents a 538.10% increase compared to the company's last Quarter net income of $4.14M (Dec 23).
First Internet Bancorp SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Oct 22 | Sep 22 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 1 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | $13.33M | $12.35M | $13.18M | $11.60M | - | $12.19M | - | $11.36M | $11.79M | $10.74M | $10.76M | $11.06M | $10.45M | $10.79M | $8.97M | $9.01M | $8.49M | $7.72M | $8.18M |
| Avg Forecast | $23.02M | $22.62M | $21.93M | $20.78M | $20.37M | $19.64M | $17.74M | $2.75M | $14.70M | $14.31M | $13.82M | $2.50M | $15.93M | $10.98M | $10.98M | $12.00M | $2.27M | $10.48M | $9.98M | $11.65M | $9.89M | $7.13M | $8.34M | $7.07M | $7.86M | $6.26M | $7.47M | $7.90M |
| High Forecast | $23.71M | $23.30M | $22.58M | $21.40M | $20.98M | $19.67M | $18.26M | $3.30M | $14.88M | $18.53M | $14.23M | $3.00M | $16.40M | $13.17M | $13.17M | $12.00M | $2.73M | $12.57M | $11.97M | $13.98M | $11.87M | $8.56M | $10.00M | $8.48M | $9.43M | $7.51M | $8.96M | $9.48M |
| Low Forecast | $21.93M | $21.56M | $20.89M | $19.80M | $19.41M | $19.61M | $16.90M | $2.20M | $14.52M | $12.57M | $13.17M | $2.00M | $15.17M | $8.78M | $8.78M | $12.00M | $1.82M | $8.38M | $7.98M | $9.32M | $7.92M | $5.71M | $6.67M | $5.66M | $6.29M | $5.00M | $5.97M | $6.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.93% | 0.89% | 5.27% | 0.73% | - | 1.11% | - | 5.00% | 1.13% | 1.08% | 0.92% | 1.12% | 1.47% | 1.29% | 1.27% | 1.15% | 1.36% | 1.03% | 1.04% |
First Internet Bancorp's average Quarter SG&A projection for Dec 23 is $14.70M, based on 2 Wall Street analysts, with a range of $14.52M to $14.88M. The forecast indicates a 10.22% rise compared to INBK last annual SG&A of $13.33M (Sep 23).
First Internet Bancorp EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Oct 22 | Sep 22 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 1 | 3 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 |
| EPS | - | - | - | - | - | - | - | - | $0.48 | $0.39 | $0.44 | $-0.14 | $0.68 | - | $0.89 | - | $1.14 | $1.26 | $1.22 | $1.32 | $1.06 | $1.12 | $0.86 | $0.40 | $0.62 | $0.72 | $0.63 | $0.60 |
| Avg Forecast | $1.13 | $1.12 | $1.06 | $0.95 | $0.89 | $0.84 | $0.71 | $0.54 | $0.31 | $0.36 | $0.38 | $0.41 | $0.70 | $1.13 | $1.13 | $1.12 | $1.04 | $1.18 | $1.13 | $1.19 | $0.93 | $0.85 | $0.43 | $0.33 | $0.55 | $0.57 | $0.61 | $0.57 |
| High Forecast | $1.17 | $1.17 | $1.10 | $0.99 | $0.93 | $0.85 | $0.74 | $0.56 | $0.37 | $0.41 | $0.40 | $0.42 | $0.73 | $1.13 | $1.17 | $1.12 | $1.07 | $1.21 | $1.16 | $1.22 | $0.95 | $0.87 | $0.44 | $0.34 | $0.57 | $0.58 | $0.62 | $0.59 |
| Low Forecast | $1.06 | $1.05 | $0.99 | $0.89 | $0.84 | $0.82 | $0.67 | $0.50 | $0.25 | $0.28 | $0.36 | $0.38 | $0.66 | $1.13 | $1.06 | $1.12 | $1.01 | $1.14 | $1.09 | $1.15 | $0.90 | $0.82 | $0.42 | $0.32 | $0.54 | $0.55 | $0.59 | $0.55 |
| Surprise % | - | - | - | - | - | - | - | - | 1.55% | 1.09% | 1.15% | -0.34% | 0.97% | - | 0.79% | - | 1.09% | 1.07% | 1.08% | 1.11% | 1.14% | 1.32% | 1.99% | 1.20% | 1.12% | 1.26% | 1.04% | 1.05% |
According to 1 Wall Street analysts, First Internet Bancorp's projected average Quarter EPS for Mar 24 is $0.54, with a low estimate of $0.50 and a high estimate of $0.56. This represents a 11.67% increase compared to INBK previous annual EPS of $0.48 (Dec 23).
First Internet Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| INBK | First Internet Bancorp | $34.27 | $42.75 | 24.74% | Hold |
| HTBI | HomeTrust Bancshares | $35.29 | $42.00 | 19.01% | Buy |
| FNWB | First Northwest Bancorp | $10.82 | $11.50 | 6.28% | Hold |
| FFNW | First Financial Northwest | $22.68 | $23.50 | 3.62% | Hold |
| FCCO | First Community | $21.94 | $21.00 | -4.28% | Buy |
| QCRH | QCR | $74.28 | $64.00 | -13.84% | Buy |
INBK Forecast FAQ
Is First Internet Bancorp a good buy?
No, according to 3 Wall Street analysts, First Internet Bancorp (INBK) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of INBK's total ratings.
What is INBK's price target?
First Internet Bancorp (INBK) average price target is $42.75 with a range of $40.5 to $45, implying a 24.74% from its last price of $34.27. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will First Internet Bancorp stock go up soon?
According to Wall Street analysts' prediction for INBK stock, the company can go up by 24.74% (from the last price of $34.27 to the average price target of $42.75), up by 31.31% based on the highest stock price target, and up by 18.18% based on the lowest stock price target.
Can First Internet Bancorp stock reach $50?
INBK's average twelve months analyst stock price target of $42.75 does not support the claim that First Internet Bancorp can reach $50 in the near future.
What are First Internet Bancorp's analysts' financial forecasts?
First Internet Bancorp's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $131.94M (high $134.89M, low $127.3M), average EBITDA is $53.75M (high $54.95M, low $51.86M), average net income is $47.55M (high $53.46M, low $41.24M), average SG&A $60.5M (high $62.22M, low $58.12M), and average EPS is $2.98 (high $3.07, low $2.82). INBK's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $156.33M (high $160.99M, low $148.95M), average EBITDA is $63.69M (high $65.59M, low $60.68M), average net income is $36.9M (high $38.33M, low $34.63M), average SG&A $88.35M (high $90.98M, low $84.18M), and average EPS is $4.26 (high $4.43, low $4).
Did the INBK's actual financial results beat the analysts' financial forecasts?
Based on First Internet Bancorp's last annual report (Dec 2023), the company's revenue was $265.49M, beating the average analysts forecast of $101.95M by 160.40%. Apple's EBITDA was $0, missing the average prediction of $41.54M by -100.00%. The company's net income was $8.42M, missing the average estimation of $33.12M by -74.59%. Apple's SG&A was $5.65M, missing the average forecast of $45.33M by -87.54%. Lastly, the company's EPS was $0.95, missing the average prediction of $1.46 by -34.75%. In terms of the last quarterly report (Dec 2023), First Internet Bancorp's revenue was $73.67M, beating the average analysts' forecast of $26.01M by 183.30%. The company's EBITDA was $0, missing the average prediction of $10.59M by -100.00%. First Internet Bancorp's net income was $4.14M, beating the average estimation of $2.68M by 54.39%. The company's SG&A was $0, missing the average forecast of $14.7M by -100.00%. Lastly, the company's EPS was $0.48, beating the average prediction of $0.31 by 54.84%