First Internet Bancorp
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | −$35.2M | $25.3M | $8.4M | $35.5M | $48.1M | $29.5M |
| Total assets | $5.57B | $5.74B | $5.17B | $4.54B | $4.21B | $4.25B |
| Total liabilities | $5.21B | $5.35B | $4.80B | $4.18B | $3.83B | $3.92B |
| Equity | $359.8M | $384.1M | $362.8M | $365.0M | $380.3M | $330.9M |
| EPS (diluted) | $-4.03 | $2.88 | $0.95 | $3.70 | $4.82 | $2.99 |
| Shares out. | 8.7M | 8.7M | 8.9M | 9.7M | 9.8M | 9.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −9.8%
- Return on assets
- −0.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 93.5%
- Debt / equity
- 14.49×
- Book value / share
- $41.37
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −239.1%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −0.7%clean
- Piotroski F-Score
- 2/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 2 good- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Lame John CActivist (13D)Apr 8, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Dimensional Fund Advisors LpPassive (13G)Jan 21, 2026
- Blackrock, Inc.Passive (13G)Apr 24, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 205,281 | 2.8 | +24.8% |
| Apr 30, 2026 | 164,488 | 3.1 | +8.8% |
| Apr 15, 2026 | 151,242 | 2.5 | -5.5% |
| Mar 31, 2026 | 160,121 | 2.9 | +4.3% |
| Mar 13, 2026 | 153,446 | 3.0 | +26.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 20, 2026
- Results of operationsApr 30, 2026
- Regulation FD disclosureMar 17, 2026
- Results of operationsJan 29, 2026
- Regulation FD disclosureDec 16, 2025
- Results of operations · Other material eventOct 22, 2025
- Completed an acquisition or dispositionSep 22, 2025
- Regulation FD disclosureSep 16, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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