First Piotroski F Score
INBK   USA Stock  USD 35.25 0.53 1.48% 
First Piotroski F Score  First Piotroski F Score 
At this time, it appears that First Internet's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski FScore model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient longterm portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score  Poor
1  Current Return On Assets  Positive 
2  Change in Return on Assets  Decreased 
3  Cash Flow Return on Assets  Positive 
4  Current Quality of Earnings (accrual)  Decreasing 
5  Asset Turnover Growth  Increase 
6  Current Ratio Change  N/A 
7  Long Term Debt Over Assets Change  Higher Leverage 
8  Change In Outstending Shares  Decrease 
9  Change in Gross Margin  No Change 
First Internet Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to First Internet is to make sure First is not a subject of accounting manipulations and runs a healthy internal audit department. So, if First Internet's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if First Internet's financial numbers are properly reported.
Current Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares  8.5 M  9.8 M 

 
Weighted Average Shares Diluted  8.5 M  9.8 M 

 
Net Cash Flow from Operations  11 M  13.1 M 

 
Total Assets  3.4 B  4.2 B 

 
Total Liabilities  4.2 B  3.9 B 

 
Total Debt  641.5 M  594.5 M 

 
Return on Average Assets  0.0065  0.007 

 
Gross Margin  0.89  0.9 

 
Asset Turnover  0.0231  0.021 


First Internet Bcp F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between First Internet's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards First Internet in a muchoptimized way.
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About First Internet Piotroski F Score
FScore is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his FScore binary model can help to predict the performance of low pricetobook stocks.Book Value per Share  32.85 
First Internet Current Valuation Drivers
We derive many important indicators used in calculating different scores of First Internet from analyzing First Internet's financial statements. These drivers represent accounts that assess First Internet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Internet's important valuation drivers and their relationship over time.
2016  2017  2018  2019  2020  2021 (projected)  
Net Income Per Employee  62.71 K  73.91 K  108.95 K  109.26 K  114.29 K  90.61 K  
Revenue Per Employee  379.05 K  462.32 K  618.04 K  710.84 K  672.07 K  545 K  
Average Assets  1.73 B  2.46 B  3.18 B  3.96 B  4.27 B  3.38 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  21.78 M  28.23 M  29.62 M  34.08 M  41.73 M  33.03 M  
Earnings Before Interest Taxes and Depreciation Amortization USD  21.78 M  28.23 M  29.62 M  34.08 M  41.73 M  33.03 M  
Earnings before Tax  17.98 M  22.93 M  23.95 M  27.16 M  33.9 M  26.82 M  
Average Equity  133.65 M  191.58 M  270.85 M  297.55 M  315.47 M  257.79 M  
Enterprise Value  293.75 M  597.05 M  581.32 M  398.94 M  377.89 M  376.67 M  
Free Cash Flow  23.3 M  23.11 M  27.14 M  (47.68 M)  (12.49 M)  (12.82 M)  
Invested Capital  2.04 B  3.16 B  3.91 B  4.35 B  4.42 B  3.53 B  
Invested Capital Average  1.84 B  2.79 B  3.53 B  4.22 B  4.41 B  3.53 B  
Market Capitalization  177.06 M  320.88 M  208.11 M  230.98 M  281.67 M  246.37 M  
Tangible Asset Value  1.85 B  2.76 B  3.54 B  4.1 B  4.24 B  3.35 B 
About First Internet Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Internet Bcp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Internet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Internet Bcp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. First Internet Bancorp was founded in 1999 and is based in Fishers, Indiana. First Internet operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 255 people.
First Internet Investors Sentiment
The influence of First Internet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in First. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as First Internet Bcp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Please see First Internet Altman Z Score, First Internet Correlation, First Internet Valuation, as well as analyze First Internet Alpha and Beta and First Internet Hype Analysis. Note that the First Internet Bcp information on this page should be used as a complementary analysis to other First Internet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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When running First Internet Bcp price analysis, check to measure First Internet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Internet is operating at the current time. Most of First Internet's value examination focuses on studying past and present price action to predict the probability of First Internet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First Internet's price. Additionally, you may evaluate how the addition of First Internet to your portfolios can decrease your overall portfolio volatility.
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The market value of First Internet Bcp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Internet's value that differs from its market value or its book value, called intrinsic value, which is First Internet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Internet's market value can be influenced by many factors that don't directly affect First Internet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Internet's value and its price as these two are different measures arrived at by different means. Investors typically determine First Internet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Internet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.