First Internet Bancorp

First Internet Bancorp

First Internet Bancorp

Overview
Date Founded

2005

Headquarters

8888 Keystone Crossing,Suite 1700,Indianapolis, IN 46240

Type of Company

Public

Employees (Worldwide)

231

Industries

Retail & Commercial Banking
Holding Companies

Company Description

First Internet Bancorp engages in the provision of online commercial and retail banking products and services. It offers first-lien residential mortgage loans, consumer loans and credit cards & CRE loans in Indiana and other parts of the midwest in the form of office, retail, industrial, and multifamily loans, with credit tenant lease financing. The company was founded on September 15, 2005 and is headquartered in Indianapolis, IN.

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In The News
Executives & Employees

Founder

Chief Financial Officer & Executive Vice President

Chief Operating Officer & Executive Vice President

Secretary & Executive Vice President

Vice President & Corporate Controller

Director

Director of Information Technology

Director

Director of Financial Reporting

Vice President Commercial Lender

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Owners & Shareholders
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Stieven Capital Advisors aims to achieve superior total returns with lower price volatility than the broad equity market. Investments are concentrated in US financial institutions, primarily bank holding companies, financial holding companies, thrift holding companies and institutions, finance real estate investment trusts (REITs) and other financial-related companies. The firm primarily seeks long positions in the securities of companies with solid management teams and healthy long-term earnings growth potential. They also seek positions in the undervalued securities of turnaround situations, young and start-up companies, and companies having limited analyst coverage.

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Heartland Advisors is an active, value-based investor that aims to provide superior risk-adjusted returns and limit downside participation. The firm looks for under-researched, under-followed and under-valued securities of well-managed companies with strong balance sheets. They typically sell securities when they consider them to be overvalued relative to other investments. Portfolio managers and research analysts work side-by-side to apply a bottom-up approach that combines traditional fundamental analysis.

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TBFC primarily invest their funds in US-based, sub-regional small financial service companies. This may include insurance companies, securities brokerage companies, leasing, and finance companies. Over 90% of the funds’ invested capital goes to depository companies.

Recent Transactions
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First Internet Bancorp purchases First Colorado National Bank /SBA Division from First Colorado Financial Corp.

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First Internet Bancorp issued . USD Common Stock

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First Internet Bancorp issued USD Common Stock

Insider Transactions
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Transaction Advisors
Auditor

Advised onFirst Internet Bancorp issued . USD Common Stock

Underwriter

Advised onFirst Internet Bancorp issued . USD Common Stock

Escrow Agent

Advised onFirst Internet Bancorp issued . USD Common Stock

Counsel

Advised onFirst Internet Bancorp issued USD Common Stock

Managing Director Co-Head of Equity Capital Markets

Advised onFirst Internet Bancorp issued . USD Common Stock

Associate

Advised onFirst Internet Bancorp issued . USD Common Stock

Advisors & Consultants

Chief Financial Officer at Indianapolis Foundation

Clients

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.

Roark Capital Group invests primarily in the consumer services and business services sectors with a focus on the franchise, food and restaurant, specialty retail, direct marketing and financial services industries. They participate in middle-market investment opportunities through family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, corporate divestitures and acquisitions/growth capital. Investments range from $15 million to $350 million.Roark Capital looks for companies with revenues of $20 million to $5 billion and EBITDA of $10 million to $500 million. They also look for companies with experienced management, predictable cash flow, identifiable growth and a sustainable competitive position.

The Wendy’s Company is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 27 other countries and U.S. territories worldwide.

Key Stats and Financials As of 2019
Market Capitalization
$164M
Total Enterprise Value
$819M
Earnings Per Share
$2.51
Three Year Compounded Annual Growth Rate Of Revenue
30.63%
Total Equity
$305M
Net Profit
$25.2M
Debt TEV
0.72x
TEVNet Income
32.46x
Enterprise Value Sales
5.03x
Total Debt
$586M
Revenue
$163M
Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

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