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First Internet Bancorp
-5.55%
Financial services / Banking and Financial Services
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
First Internet Bancorp is a bank holding company based in Indianapolis, Indiana. It was founded in 1999 and offers a variety of personal and commercial banking products and services primarily through its subsidiary, First Internet Bank of Indiana.
The bank is known for being one of the first state-chartered, FDIC-insured institutions to operate solely online, without any physical branches. This unique model allows First Internet Bank to offer a wide range of online services and convenience to its customers.
The company’s stock is traded on the NASDAQ stock exchange under the ticker symbol INBK. In addition to its online banking services, First Internet Bancorp also offers mortgage lending, treasury management, and commercial real estate lending services.
First Internet Bancorp has received numerous awards and recognition for its innovative online banking model and strong financial performance. It has consistently been named one of the “Best Banks to Work For” by American Banker magazine and has been recognized by SNL Financial as one of the top-performing banks in the nation.
The company also prides itself on its commitment to community involvement and charitable giving. It supports a variety of local organizations and causes through its First IB Foundation and employee volunteerism programs.
Overall, First Internet Bancorp remains dedicated to providing innovative and convenient banking solutions to its customers while maintaining strong financial performance and a strong community presence.
The bank is known for being one of the first state-chartered, FDIC-insured institutions to operate solely online, without any physical branches. This unique model allows First Internet Bank to offer a wide range of online services and convenience to its customers.
The company’s stock is traded on the NASDAQ stock exchange under the ticker symbol INBK. In addition to its online banking services, First Internet Bancorp also offers mortgage lending, treasury management, and commercial real estate lending services.
First Internet Bancorp has received numerous awards and recognition for its innovative online banking model and strong financial performance. It has consistently been named one of the “Best Banks to Work For” by American Banker magazine and has been recognized by SNL Financial as one of the top-performing banks in the nation.
The company also prides itself on its commitment to community involvement and charitable giving. It supports a variety of local organizations and causes through its First IB Foundation and employee volunteerism programs.
Overall, First Internet Bancorp remains dedicated to providing innovative and convenient banking solutions to its customers while maintaining strong financial performance and a strong community presence.
What is special about the company?
1. Pioneer in online banking: First Internet Bancorp is one of the first companies in the world to offer internet banking services. It was established in 1999 with a focus on providing online banking solutions to its customers.
2. Fully digital bank: First Internet Bancorp operates as a fully digital bank, with no physical branches. This allows them to offer lower fees and higher interest rates to their customers.
3. Customized financial solutions: The company offers a wide range of banking and financial products, including checking and savings accounts, loans, credit cards, and investment options. These products are customized to meet the unique needs of their customers.
4. Cutting-edge technology: First Internet Bancorp leverages the latest technology to provide a seamless and secure banking experience for its customers. This includes advanced security features, user-friendly digital platforms, and real-time account monitoring.
5. Award-winning customer service: The company has been recognized for its exceptional customer service, winning awards such as “Best Customer Service” from American Banker Magazine and “Best Online Savings Account” from GOBankingRates.
6. Financial stability: First Internet Bancorp has a strong financial foundation with consistent profitability and a solid balance sheet. This allows them to provide customers with a dependable and reliable banking experience.
7. Commitment to community: The company is committed to giving back to the communities it serves through various initiatives, including charitable donations and community service projects.
8. Environmentally responsible: First Internet Bancorp is a member of the Green Power Partnership by the U.S. Environmental Protection Agency and uses 100% green energy to power its operations.
9. Innovative mindset: With a focus on innovation, First Internet Bancorp continues to evolve and adapt to the changing needs of customers and the industry. They regularly introduce new features and services to enhance the banking experience for their customers.
10. Strong growth potential: The company has experienced steady growth over the years and is well-positioned for future expansion and success in the digital banking industry.
2. Fully digital bank: First Internet Bancorp operates as a fully digital bank, with no physical branches. This allows them to offer lower fees and higher interest rates to their customers.
3. Customized financial solutions: The company offers a wide range of banking and financial products, including checking and savings accounts, loans, credit cards, and investment options. These products are customized to meet the unique needs of their customers.
4. Cutting-edge technology: First Internet Bancorp leverages the latest technology to provide a seamless and secure banking experience for its customers. This includes advanced security features, user-friendly digital platforms, and real-time account monitoring.
5. Award-winning customer service: The company has been recognized for its exceptional customer service, winning awards such as “Best Customer Service” from American Banker Magazine and “Best Online Savings Account” from GOBankingRates.
6. Financial stability: First Internet Bancorp has a strong financial foundation with consistent profitability and a solid balance sheet. This allows them to provide customers with a dependable and reliable banking experience.
7. Commitment to community: The company is committed to giving back to the communities it serves through various initiatives, including charitable donations and community service projects.
8. Environmentally responsible: First Internet Bancorp is a member of the Green Power Partnership by the U.S. Environmental Protection Agency and uses 100% green energy to power its operations.
9. Innovative mindset: With a focus on innovation, First Internet Bancorp continues to evolve and adapt to the changing needs of customers and the industry. They regularly introduce new features and services to enhance the banking experience for their customers.
10. Strong growth potential: The company has experienced steady growth over the years and is well-positioned for future expansion and success in the digital banking industry.
What the company's business model?
First Internet Bancorp is a financial holding company that provides online commercial and consumer banking services through its subsidiary, First Internet Bank of Indiana. Its business model is based on digital banking, allowing customers to access a wide range of banking products and services through online and mobile platforms.
The company focuses on offering competitive interest rates, innovative products, and personalized customer service to attract and retain customers. It also has a low-cost operating model, as it does not have any physical branches, allowing it to offer lower fees and higher interest rates to customers.
In addition, First Internet Bancorp also offers commercial financing, treasury management, and wealth management services to businesses and individuals. It generates revenue through interest income on loans and investments, as well as fees and commissions from its various financial services.
Overall, First Internet Bancorp’s business model is centered on providing convenient and efficient banking solutions through online channels, while maintaining a strong focus on customer satisfaction and financial performance.
The company focuses on offering competitive interest rates, innovative products, and personalized customer service to attract and retain customers. It also has a low-cost operating model, as it does not have any physical branches, allowing it to offer lower fees and higher interest rates to customers.
In addition, First Internet Bancorp also offers commercial financing, treasury management, and wealth management services to businesses and individuals. It generates revenue through interest income on loans and investments, as well as fees and commissions from its various financial services.
Overall, First Internet Bancorp’s business model is centered on providing convenient and efficient banking solutions through online channels, while maintaining a strong focus on customer satisfaction and financial performance.
Interesting facts about the company
1. First Internet Bancorp is a financial services holding company based in Fishers, Indiana. It was founded in 1999 and is the parent company of First Internet Bank, the first state-chartered, FDIC-insured internet bank in the United States.
2. The bank caters to personal and business clients across all 50 states and offers a wide range of banking services including checking and savings accounts, mortgages, and consumer and commercial loans.
3. First Internet Bank was named Best Bank in America for four consecutive years by personal finance website GOBankingRates, and has consistently been recognized as one of the best online banks in the country.
4. In addition to its online banking services, First Internet Bank also has a physical location in Indiana, where it offers personal and business banking services to local customers.
5. First Internet Bancorp has been publicly traded since 2006 and is listed on the NASDAQ exchange under the ticker symbol INBK.
6. In 2018, the company was added to the Russell 2000 Index, which tracks the performance of small-cap companies in the United States.
7. First Internet Bancorp has a strong commitment to sustainability and corporate responsibility, and has been recognized for its efforts to reduce its environmental impact and support the communities it serves.
8. The company has received numerous awards and accolades, including being named one of the Best Banks to Work For by American Banker magazine for five consecutive years.
9. First Internet Bancorp has also been recognized for its financial performance, with Forbes magazine naming it one of the 100 Best Banks in America for three consecutive years.
10. In addition to its banking services, First Internet Bancorp also offers specialized services such as healthcare financing, equipment leasing, and treasury management for businesses.
See Company Due Diligence:
2. The bank caters to personal and business clients across all 50 states and offers a wide range of banking services including checking and savings accounts, mortgages, and consumer and commercial loans.
3. First Internet Bank was named Best Bank in America for four consecutive years by personal finance website GOBankingRates, and has consistently been recognized as one of the best online banks in the country.
4. In addition to its online banking services, First Internet Bank also has a physical location in Indiana, where it offers personal and business banking services to local customers.
5. First Internet Bancorp has been publicly traded since 2006 and is listed on the NASDAQ exchange under the ticker symbol INBK.
6. In 2018, the company was added to the Russell 2000 Index, which tracks the performance of small-cap companies in the United States.
7. First Internet Bancorp has a strong commitment to sustainability and corporate responsibility, and has been recognized for its efforts to reduce its environmental impact and support the communities it serves.
8. The company has received numerous awards and accolades, including being named one of the Best Banks to Work For by American Banker magazine for five consecutive years.
9. First Internet Bancorp has also been recognized for its financial performance, with Forbes magazine naming it one of the 100 Best Banks in America for three consecutive years.
10. In addition to its banking services, First Internet Bancorp also offers specialized services such as healthcare financing, equipment leasing, and treasury management for businesses.
See Company Due Diligence:
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