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)

201

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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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 of Financial Reporting

Director of Financial Reporting

Vice President Commercial Lender

Board of Directors

Founder at First Internet Bancorp

Managing Director Private Markets at Greycourt & Co., Inc.

President & Chief Executive Officer at United Way of Central Indiana, Inc.

General Partner at Cambridge Ventures LP

Advisor at Cheyenne Capital Partners LLC

Former Counsel at Sommer Barnard PC

Portfolio Manager at Donaldson Capital Management LLC

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Owners & Shareholders
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Stieven Capital Advisors invests long/short primarily in the stocks of small-cap US companies in the finance sector. The firm maintains a medium turnover rate.

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Maltese Capital is a value driven, research intensive, and valuation sensitive manager that primarily focuses on financial services companies based in North America. The firm utilizes a variety of methods and strategies to make investment decisions and recommendations and primarily uses fundamental research and analysis in their investment process. As part of their fundamental analysis, they create earnings models for many companies, conduct extensive due diligence and make qualitative assessments. Maltese Capital may also use various technical analytical tools and approaches. Their funds invest in companies primarily in the financial services industry, with emphasis on US publicly-traded securities of bank holding companies, banks, thrift institutions, insurance companies and other financial companies, including, but not limited to, finance companies, mortgage companies, asset managers and credit card companies. While the funds focus mainly on investments in securities of financial institutions, they may also invest in securities of non-financial institutions.

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Heartland Advisors uses a value investment philosophy to select equity securities. They search for under-researched, under-followed and under-valued securities. As value investors, the firm seeks to capitalize on inefficiencies in the financial markets by investing in stocks whose current market prices are at significant discounts to their evaluation of their true or intrinsic value. In assessing the intrinsic value of a company, Heartland examines its cash flows and uses other traditional valuation measures such as price to book value, p/e ratio, p/c flow ratio and earnings growth. They typically sell securities when they consider them to be overvalued relative to other investments.

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

CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

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.

Rite Aid Corporation is one of the nation's leading drugstore chains with approximately 4,700 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and 91,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD.

Key Stats and Financials As of 2019
Market Capitalization
$265M
Total Enterprise Value
$818M
Earnings Per Share
$2.51
Revenue
$164M
Net Profit
$25.2M
Total Debt
$584M
Total Equity
$305M
Enterprise Value Sales
4.98x
TEVNet Income
32.39x
Debt TEV
0.71x
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

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 - SAN FRANCISCO, CA

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. The 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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