First Internet Bancorp (INBK) Revenue & Revenue Breakdown

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First Internet Bancorp Revenue Highlights

Latest Revenue (Y)

$291.89M

Latest Revenue (Q)

$76.83M

Main Segment (Y)

Loan Servicing

First Internet Bancorp Revenue by Period

First Internet Bancorp Revenue by Year

Date	Revenue	Change
2024-12-31	$291.89M	245.94%
2023-12-31	$84.38M	-25.58%
2022-12-31	$113.37M	-4.22%
2021-12-31	$118.37M	29.29%
2020-12-31	$91.55M	24.07%
2019-12-31	$73.79M	9.91%
2018-12-31	$67.14M	12.55%
2017-12-31	$59.65M	20.66%
2016-12-31	$49.44M	26.93%
2015-12-31	$38.95M	33.79%
2014-12-31	$29.11M	9.28%
2013-12-31	$26.64M	9.13%
2012-12-31	$24.41M	32.62%
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 $291.89M in revenue during NA 2024, up 245.94% compared to the previous quarter, and up 395.56% compared to the same period a year ago.

First Internet Bancorp Revenue by Quarter

Date	Revenue	Change
2025-03-31	$76.83M	-1.21%
2024-12-31	$77.77M	140.78%
2024-09-30	$32.30M	-60.61%
2024-06-30	$81.99M	207.87%
2024-03-31	$26.63M	12.78%
2023-12-31	$23.61M	3.39%
2023-09-30	$22.84M	2.33%
2023-06-30	$22.32M	43.02%
2023-03-31	$15.61M	-38.48%
2022-12-31	$25.37M	-7.48%
2022-09-30	$27.42M	-4.83%
2022-06-30	$28.81M	-9.35%
2022-03-31	$31.78M	1.09%
2021-12-31	$31.44M	9.30%
2021-09-30	$28.76M	-5.85%
2021-06-30	$30.55M	10.58%
2021-03-31	$27.62M	-3.61%
2020-12-31	$28.66M	9.31%
2020-09-30	$26.22M	55.06%
2020-06-30	$16.91M	-14.47%
2020-03-31	$19.77M	-2.67%
2019-12-31	$20.31M	12.98%
2019-09-30	$17.98M	-1.06%
2019-06-30	$18.17M	4.84%
2019-03-31	$17.33M	8.45%
2018-12-31	$15.98M	-6.41%
2018-09-30	$17.08M	0.62%
2018-06-30	$16.97M	-0.79%
2018-03-31	$17.11M	2.31%
2017-12-31	$16.72M	-2.02%
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 $76.83M in revenue during Q1 2025, up -1.21% compared to the previous quarter, and up 325.35% 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 24	Dec 23	Dec 22	Dec 21	Dec 20
Loan Servicing	$6.19M	$3.83M	$2.57M	$1.93M	$1.16M
Bank Servicing	$959.00K	$851.00K	$1.07M	$1.11M	$824.00K
Loan Servicing Asset Revaluation	$-2.54M	$-1.46M	$-1.64M	$-1.07M	$-432.00K
Mortgage Banking	-	$76.00K	$5.46M	$15.05M	$24.69M

First Internet Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 24: Loan Servicing (134.23%), Bank Servicing (20.80%), and Loan Servicing Asset Revaluation (-55.03%).

Quarterly Revenue by Product

Product/Service	Mar 25	Dec 24	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
Loan Servicing Asset Revaluation	$-1.18M	-	$-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	$1.98M	$4.87M	$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	-	-
Bank Servicing	$265.00K	$739.00K	$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
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

First Internet Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Loan Servicing (185.85%), Bank Servicing (24.84%), and Loan Servicing Asset Revaluation (-110.68%).

First Internet Bancorp Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
HFWA	Heritage Financial	$309.71M	$81.27M
INBK	First Internet Bancorp	$291.89M	$76.83M
HBCP	Home Bancorp	$184.77M	$50.97M
FNWB	First Northwest Bancorp	$112.34M	$30.91M
OVLY	Oak Valley Bancorp	$78.21M	$19.42M
FFNW	First Financial Northwest	$77.37M	$20.09M
FNWD	Finward Bancorp	$71.60M	$22.34M
CWBC	Community West Bancshares	$61.39M	$27.26M
FCAP	First Capital	$42.00M	$15.18M
LSBK	Lake Shore Bancorp	$34.80M	$9.09M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$10.47M
AFBI	Affinity Bancshares	$30.61M	$12.11M
FCCO	First Community	$14.00M	$3.98M
QCRH	QCR	$59.78K	$134.58M
HTBI	HomeTrust Bancshares	-	$51.45M

INBK Revenue FAQ

What is First Internet Bancorp’s yearly revenue?

First Internet Bancorp's yearly revenue for 2024 was $291.89M, representing an increase of 245.94% compared to 2023. The company's yearly revenue for 2023 was $84.38M, representing a decrease of -25.58% compared to 2022. INBK's yearly revenue for 2022 was $113.37M, representing a decrease of -4.22% compared to 2021.

What is First Internet Bancorp’s quarterly revenue?

First Internet Bancorp's quarterly revenue for Q1 2025 was $76.83M, a -1.21% decrease from the previous quarter (Q4 2024), and a 188.47% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $77.77M, a 140.78% increase from the previous quarter (Q3 2024), and a 229.34% increase year-over-year (Q4 2023). INBK's quarterly revenue for Q3 2024 was $32.3M, a -60.61% decrease from the previous quarter (Q2 2024), and a 41.42% increase year-over-year (Q3 2023).

What is First Internet Bancorp’s revenue growth rate?

First Internet Bancorp's revenue growth rate for the last 3 years (2022-2024) was 157.46%, and for the last 5 years (2020-2024) was 218.82%.

What are First Internet Bancorp’s revenue streams?

First Internet Bancorp's revenue streams in c 24 are Loan Servicing, Bank Servicing, and Loan Servicing Asset Revaluation. Loan Servicing generated $6.19M in revenue, accounting 134.23% of the company's total revenue, up 61.44% year-over-year. Bank Servicing generated $959K in revenue, accounting 20.80% of the company's total revenue, up 12.69% year-over-year. Loan Servicing Asset Revaluation generated $-2.537M in revenue, accounting -55.03% of the company's total revenue, up 73.41% year-over-year.

What is First Internet Bancorp’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of First Internet Bancorp was Loan Servicing. This segment made a revenue of $6.19M, representing 134.23% of the company's total revenue.