First Internet Bancorp (INBK) Non Operating Interest Expenses (2012 - 2023)
First Internet Bancorp (INBK) posted Non Operating Interest Expenses of $46.5 million for Q4 2023, up 1.81% on a QoQ basis from $45.6 million in Q3 2023, and up 93.6% year-over-year from $24.0 million in Q4 2022.
Analysis
First Internet Bancorp (INBK) Non Operating Interest Expenses (2012 - 2023) Analysis & Trends
First Internet Bancorp has reported Non Operating Interest Expenses for 12 years, with the latest figure at $46.5 million in Q4 2023.
- On a quarterly basis, Non Operating Interest Expenses rose 93.6% year-over-year to $46.5 million in Q4 2023; TTM through Dec 2023 was $164.5 million, a 175.08% increase from a year earlier, with the FY2023 full-year figure at $164.5 million, up 175.08% from the prior year.
- Non Operating Interest Expenses was $46.5 million for Q4 2023 at First Internet Bancorp, up from $45.6 million in the prior quarter.
- The five-year high for Non Operating Interest Expenses was $46.5 million in Q4 2023, with the low at $10.3 million in Q1 2022.
- Average Non Operating Interest Expenses over 5 years is $21.4 million, with a median of $19.3 million recorded in 2019.
- The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses sank 40.54% in 2021, then soared 283.44% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $22.5 million in 2019, then plunged by 34.33% to $14.8 million in 2020, then slipped by 27.68% to $10.7 million in 2021, then jumped by 124.57% to $24.0 million in 2022, then surged by 93.6% to $46.5 million in 2023.
- The last three Non Operating Interest Expenses figures came in at $46.5 million (Q4 2023), $45.6 million (Q3 2023), and $40.0 million (Q2 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | - |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | - |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | - |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | - |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | - |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | - |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | - |
| 10 | First Internet Bancorp | 242.53 Mn | -168.44 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 46.47 Mn |
| Sep 30, 2023 | 45.64 Mn |
| Jun 30, 2023 | 39.98 Mn |
| Mar 31, 2023 | 32.46 Mn |
| Dec 31, 2022 | 24.00 Mn |
| Sep 30, 2022 | 15.11 Mn |
| Jun 30, 2022 | 10.43 Mn |
| Mar 31, 2022 | 10.28 Mn |
| Dec 31, 2021 | 10.69 Mn |
| Sep 30, 2021 | 12.12 Mn |
| Jun 30, 2021 | 11.77 Mn |
| Mar 31, 2021 | 12.76 Mn |
| Dec 31, 2020 | 14.78 Mn |
| Sep 30, 2020 | 16.52 Mn |
| Jun 30, 2020 | 19.80 Mn |
| Mar 31, 2020 | 21.23 Mn |
| Dec 31, 2019 | 22.50 Mn |
| Sep 30, 2019 | 22.45 Mn |
| Jun 30, 2019 | 20.74 Mn |
| Mar 31, 2019 | 18.76 Mn |