First Internet Bancorp (INBK) Cash Flow: Operating & Free Cash Flow

First Internet Bancorp (INBK) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), First Internet Bancorp generated $3.45M of operating cash flow and spent $1.23M on capital expenditures. That left free cash flow of $2.22M, down 78.6% from $10.40M a year earlier, or 2.0% of revenue. It returned $2.61M to shareholders through $2.09M in dividends and $521.00K in share buybacks.

First Internet Bancorp Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for First Internet Bancorp (INBK) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-35.17	25.28	8.42	35.54	48.11	29.45	25.24	21.90	15.23
Depreciation & Amortization	6.19	8.46	5.75	8.73	8.78	7.83	6.93	5.67	5.30
Deferred Income Tax	-18.10	-1.36	-4.35	4.63	2.43	-4.12	-4.40	0.98	-3.30
Stock Based Compensation	1.22	1.81	1.26	2.04	2.39	2.11	1.68	1.60	1.04
Change in Working Capital	4.49	2.87	-9.34	6.72	6.23	0.14	-39.50	-12.84	-2.63
Change in Other Working Capital	-35.82	-9.68	-9.78	6.72	6.11	0.14	-39.50	-12.84	-2.63
Other Operating Activities	-35.82	-9.68	-25.15	25.07	-29.00	-22.35	-33.52	12.12	8.99
Net Cash from Operating Activities	3.45	12.99	11.68	82.72	54.84	13.07	-43.58	29.36	24.62
Investing Activities
Capital Expenditures	-1.23	-2.59	-5.37	-17.52	-29.89	-25.56	-4.11	-2.22	-1.52
Purchases of Investments	-355.56	-261.50	-188.81	-57.73	-282.23	-146.09	-211.21	-91.55	-94.01
Sales/Maturities of Investments	168.18	110.34	72.25	88.13	174.79	196.71	122.75	62.51	77.53
Other Investing Activities	317.28	-343.03	-352.57	-613.92	4.43	-69.87	-220.71	-607.45	-890.16
Net Cash from Investing Activities	128.68	-496.17	-474.50	-601.03	43.87	-44.81	-313.27	-638.71	-908.15
Financing Activities
Debt Repayment	-150.00	-750.00	-475.00	100.00	-475.00	9.77	25.42	112.00	220.19
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	54.33	51.64
Common Stock Repurchased	-0.52	-0.28	-9.34	-27.78	-4.44	0.00	-9.78	-0.22	0.00
Dividends Paid	-2.09	-2.08	-2.16	-2.32	-2.42	-2.35	-2.42	-2.23	-1.68
Other Financing Activities	-0.26	-0.18	-0.15	262.00	-0.44	116.77	482.28	586.20	621.90
Net Cash from Financing Activities	-141.76	543.69	612.17	331.90	-75.56	124.19	495.50	750.09	892.06
Summary
Net Change in Cash	-9.63	60.51	149.35	-186.41	23.15	92.45	138.65	140.73	8.53
Cash at Beginning of Period	466.41	405.90	256.55	442.96	419.81	327.36	188.71	47.98	39.45
Cash at End of Period	456.78	466.41	405.90	256.55	442.96	419.81	327.36	188.71	47.98
Free Cash Flow	2.22	10.40	6.31	65.21	24.95	-12.49	-47.68	27.14	23.11
Supplemental Disclosures
Interest Paid	-	205.86	163.60	58.92	46.75	-	-	-	-
Income Taxes Paid	-	0.68	0.94	2.01	7.05	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Internet Bancorp Cash Flow

What is First Internet Bancorp's free cash flow?

First Internet Bancorp generated free cash flow of $2.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $3.45M minus $1.23M of capital expenditures. That was down 78.6% from $10.40M a year earlier. Free cash flow equaled 2.0% of revenue.

How much does First Internet Bancorp spend on capital expenditures?

First Internet Bancorp spent $1.23M on capital expenditures in fiscal 2025, compared with $2.59M a year earlier. That equals 35.6% of operating cash flow.

Does First Internet Bancorp pay dividends or buy back shares?

Yes. In fiscal 2025 First Internet Bancorp returned $2.09M in dividends and $521.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition