For the quarter ending 2025-09-30, INBK had $341,300K increase in cash & cash equivalents over the period. $36,967K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (loss) income | -41,593 | 1,136 |
| Depreciation and amortization | 2,248 | 2,982 |
| Increase in cash surrender value of bank-owned life insurance | -295 | -567 |
| Provision for credit losses | 34,789 | 25,541 |
| Share-based compensation expense | 490 | 243 |
| Loans originated for sale | 168,333 | 261,753 |
| Proceeds from sale of loans | 183,949 | 197,554 |
| Loss (gain) on loans sold | -27,103 | 10,320 |
| Gain on sale of other real estate owned | 0 | 19 |
| (gain) loss on derivatives | -40 | 146 |
| Gain on bank-owned life insurance | 0 | 0 |
| Loan servicing asset revaluation | -1,332 | -2,334 |
| Net change in accrued income and other assets | 5,217 | 7,898 |
| Net change in accrued expenses and other liabilities | 2,560 | -6,434 |
| Net cash (used in) provided by operating activities | 37,073 | -57,347 |
| Net loan activity, excluding purchases | 96,146 | 199,820 |
| Proceeds from sale of other real estate owned | 256 | 291 |
| Maturities and calls of securities available-for-sale | 32,428 | 65,376 |
| Purchase of securities available-for-sale | 10,033 | 115,680 |
| Maturities and calls of securities held-to-maturity | 9,994 | 12,109 |
| Purchase of securities held-to-maturity | 0 | 33,629 |
| Purchase of premises and equipment | 106 | 834 |
| Proceeds from bank-owned life insurance | 0 | 0 |
| Loans purchased | 29,879 | 17,795 |
| Net proceeds from sale of portfolio loans | 799,297 | - |
| Other investing activities | 2,698 | 6,516 |
| Net cash provided by (used in) investing activities | 703,113 | -296,498 |
| Net (decrease) increase in deposits | -383,355 | 365,583 |
| Cash dividends paid | 517 | 1,054 |
| Repurchase of common stock | 0 | 0 |
| Proceeds from advances from federal home loan bank | 0 | 104,500 |
| Repayment of advances from federal home loan bank | 15,000 | 135,000 |
| Other, net | -14 | -233 |
| Net cash (used in) provided by financing activities | -398,886 | 333,796 |
| Net increase in cash and cash equivalents | 341,300 | -20,049 |
| Cash and cash equivalents at beginning of period | 466,410 | - |
| Cash and cash equivalents at end of period | 787,661 | - |
First Internet Bancorp (INBK)
First Internet Bancorp (INBK)