Estados financieros detallados de First Internet Bancorp (INBK): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
First Internet Bancorp registró ingresos de $322.9M en el último ejercicio fiscal, con un CAGR de 5 años del 13.5%.
Márgenes de los últimos 12 meses: margen bruto 16.7%, margen operativo -14.3%, margen neto -9.8%.
Al precio actual de $27.54, INBK presenta beneficios negativos (P/E no significativo) y un ROE del -8.75%. La capitalización bursátil es de $240M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $72.1M | $94.2M | $123.3M | $163.1M | $171.2M | $162.1M | $173.7M | $259.9M | $333.4M | $322.9M |
| Coste de Ventas | $23.5M | $35.6M | $57.1M | $90.4M | $81.6M | $48.4M | $64.8M | $181.2M | $221.7M | $278.7M |
| Beneficio Bruto | $48.5M | $58.6M | $66.2M | $72.6M | $89.5M | $113.7M | $108.9M | $78.6M | $111.7M | $44.2M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $21.5M | $25.9M | $28.8M | $32.1M | $37.7M | $42.7M | $46.3M | $51.8M | $6.3M | $64.7M |
| Gastos Operativos | $30.6M | $35.7M | $42.2M | $45.5M | $55.6M | $57.2M | $68.8M | $73.7M | $84.2M | $95.0M |
| Beneficio Operativo | $18.0M | $22.9M | $24.0M | $27.2M | $33.9M | $56.6M | $40.1M | $4.9M | $27.5M | -$50.9M |
| EBITDA | $21.8M | $28.2M | $29.6M | $34.1M | $41.7M | $65.3M | $48.8M | $10.7M | $36.0M | -$44.7M |
| Gastos por Intereses | $19.2M | $30.7M | $53.2M | $84.4M | $72.3M | $47.3M | $59.8M | $164.5M | $204.5M | $206.4M |
| Beneficio Antes de Impuestos | $18.0M | $22.9M | $24.0M | $27.2M | $33.9M | $56.6M | $40.1M | $4.9M | $27.5M | -$50.9M |
| Impuestos | $5.9M | $7.7M | $2.1M | $1.9M | $4.4M | $8.5M | $4.6M | -$3.5M | $2.3M | -$15.7M |
| Beneficio Neto | $12.1M | $15.2M | $21.9M | $25.2M | $29.5M | $48.1M | $35.5M | $8.4M | $25.3M | -$35.2M |
| BPA | $2.32 | $2.14 | $2.31 | $2.51 | $2.99 | $4.85 | $3.73 | $0.95 | $2.91 | $-4.03 |
| BPA Diluido | $2.30 | $2.13 | $2.30 | $2.51 | $2.99 | $4.82 | $3.70 | $0.95 | $2.88 | $-4.03 |
| Acciones en Circulación (Diluidas) | $5.2M | $7.1M | $9.5M | $10.0M | $9.8M | $10.0M | $9.6M | $8.9M | $8.8M | $8.7M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $39.7M | $48.0M | $188.7M | $327.4M | $419.8M | $443.0M | $256.6M | $405.9M | $466.4M | $456.8M |
| Inversiones a Corto | $456.7M | $473.3M | $481.3M | $540.9M | $497.6M | $603.0M | $390.4M | $474.9M | $413.3M | $615.5M |
| Cuentas por Cobrar | $613.3M | $815.2M | $936.3M | $1.01B | $967.6M | $881.9M | $949.8M | $955.2M | $973.1M | $27.9M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.11B | $1.34B | $1.61B | $1.88B | $1.89B | $1.93B | $1.60B | $1.84B | $1.85B | $1.10B |
| Inmovilizado Material | $10.0M | $10.1M | $10.7M | $14.6M | $37.6M | $59.8M | $72.7M | $73.5M | $71.5M | $67.9M |
| Fondo de Comercio | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $1.85B | $2.77B | $3.54B | $4.10B | $4.25B | $4.21B | $4.54B | $5.17B | $5.74B | $5.57B |
| Cuentas por Pagar | $112000 | $311000 | $1.1M | $3.8M | $1.4M | $2.0M | $2.9M | $3.8M | $2.5M | $1.7M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $1.47B | $2.10B | $2.69B | $3.21B | $3.32B | $3.21B | $3.46B | $4.07B | $4.94B | $10.0M |
| Deuda a Largo | $226.6M | $446.9M | $559.0M | $584.4M | $594.5M | $619.2M | $719.5M | $719.8M | $400.1M | $355.0M |
| Pasivos Totales | $1.70B | $2.54B | $3.25B | $3.80B | $3.92B | $3.83B | $4.18B | $4.80B | $5.35B | $5.21B |
| Reservas | $43.7M | $57.1M | $77.7M | $99.7M | $126.7M | $172.4M | $205.7M | $207.5M | $230.6M | $193.3M |
| Patrimonio Neto | $153.9M | $224.1M | $288.7M | $304.9M | $330.9M | $380.3M | $365.0M | $362.8M | $384.1M | $359.8M |
| Deuda Total | $226.6M | $446.9M | $559.0M | $584.4M | $594.5M | $619.2M | $719.5M | $719.8M | $400.1M | $355.0M |
| Deuda Neta | -$269.8M | -$74.4M | -$111.0M | -$283.8M | -$322.9M | -$426.9M | $72.5M | -$161.0M | -$479.6M | -$717.3M |
| Capital Circulante | -$364.2M | -$760.2M | -$1.09B | -$1.33B | -$1.44B | -$1.28B | -$1.86B | -$2.23B | -$3.08B | $1.09B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | $12.1M | $15.2M | $21.9M | $25.2M | $29.5M | $48.1M | $35.5M | $8.4M | $25.3M | -$35.2M |
| Amortizaciones | $3.8M | $5.3M | $5.7M | $6.9M | $7.8M | $8.8M | $8.7M | $5.7M | $8.5M | $6.2M |
| Compensación en Acciones | $736000 | $1.0M | $1.6M | $1.7M | $2.1M | $2.4M | $2.0M | $1.3M | $1.8M | $1.2M |
| Cambio en Capital Circulante | -$6.8M | -$2.6M | -$12.8M | -$39.5M | $142000 | $6.2M | $6.7M | -$9.3M | $4.0M | $4.5M |
| Flujo de Caja Operativo | $26.5M | $24.6M | $29.4M | -$43.6M | $13.1M | $54.8M | $82.7M | $11.7M | $13.0M | $3.4M |
| Inversiones (CapEx) | -$3.2M | -$1.5M | -$2.2M | -$4.1M | -$25.6M | -$29.9M | -$17.5M | -$5.4M | -$2.6M | -$1.2M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$216000 | -$9.8M | 0 | -$4.4M | -$27.8M | -$9.3M | -$283000 | -$521000 |
| Dividendos Pagados | -$1.2M | -$1.7M | -$2.2M | -$2.4M | -$2.3M | -$2.4M | -$2.3M | -$2.2M | -$2.1M | -$2.1M |
| Flujo de Caja Libre | $23.3M | $23.1M | $27.1M | -$47.7M | -$12.5M | $24.9M | $65.2M | $6.3M | $10.4M | $2.2M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +30.7% | +30.9% | +32.3% | +5.0% | -5.3% | +7.2% | +49.6% | +28.3% | -3.2% | |
| Crecimiento Beneficio Neto (anual) | +26.1% | +43.8% | +15.2% | +16.7% | +63.4% | -26.1% | -76.3% | +200.3% | -239.1% | |
| Crecimiento BPA (anual) | -7.8% | +7.9% | +8.7% | +19.1% | +62.2% | -23.1% | -74.5% | +206.3% | -238.5% | |
| Cambio en Acciones (anual) | +36.5% | +33.0% | +5.6% | -2.0% | +1.4% | -3.8% | -7.7% | -1.0% | -0.4% | |
| Crecimiento FCF (anual) | -0.8% | +17.4% | -275.7% | +73.8% | +299.7% | +161.4% | -90.3% | +64.7% | -78.6% | |
| Margen Bruto | 67.3% | 62.2% | 53.7% | 44.6% | 52.3% | 70.2% | 62.7% | 30.3% | 33.5% | 13.7% |
| Margen Operativo | 24.9% | 24.3% | 19.4% | 16.7% | 19.8% | 34.9% | 23.1% | 1.9% | 8.3% | -15.8% |
| Margen EBITDA | 30.2% | 30.0% | 24.0% | 20.9% | 24.4% | 40.3% | 28.1% | 4.1% | 10.8% | -13.8% |
| Margen Neto | 16.7% | 16.2% | 17.8% | 15.5% | 17.2% | 29.7% | 20.5% | 3.2% | 7.6% | -10.9% |
| Margen FCF | 32.3% | 24.5% | 22.0% | -29.2% | -7.3% | 15.4% | 37.5% | 2.4% | 3.1% | 0.7% |
| Tasa Impositiva Efectiva | 32.9% | 33.6% | 8.6% | 7.1% | 13.1% | 15.0% | 11.4% | -70.4% | 8.2% | 30.9% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $4.45 | $3.23 | $2.85 | $-4.75 | $-1.27 | $2.50 | $6.80 | $0.71 | $1.19 | $0.25 |
| Dividendo por Acción | $0.23 | $0.23 | $0.23 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 |
| Acciones en Circulación (Básicas) | $5.2M | $7.1M | $9.5M | $10.0M | $9.8M | $9.9M | $9.5M | $8.8M | $8.7M | $8.7M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | -8.75% |
| Rentabilidad sobre capital invertido | -4.21% |
| Rentabilidad sobre activos | -0.57% |
| Margen bruto | 16.66% |
| Margen operativo | -14.27% |
| Margen neto | -9.82% |
Salud financiera
| Deuda / Patrimonio | 0.95 |
| Ratio corriente | 0.01 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.33 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 13.79 | 17.83 | 8.85 | 9.45 | 9.61 | 9.70 | 6.51 | 25.46 | 12.37 | -5.18 |
| P/VC | 1.08 | 1.21 | 0.67 | 0.78 | 0.85 | 1.23 | 0.63 | 0.59 | 0.81 | 0.51 |
| P/V | 2.31 | 2.88 | 1.57 | 1.46 | 1.65 | 2.88 | 1.33 | 0.82 | 0.94 | 0.56 |
| Margen Bruto | 67.3% | 62.2% | 53.7% | 44.6% | 52.3% | 70.2% | 62.7% | 30.3% | 33.5% | 13.7% |
| Margen Operativo | 24.9% | 24.3% | 19.4% | 16.7% | 19.8% | 34.9% | 23.1% | 1.9% | 8.3% | -15.8% |
| Margen Neto | 16.7% | 16.2% | 17.8% | 15.5% | 17.2% | 29.7% | 20.5% | 3.2% | 7.6% | -10.9% |
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Explorar sector: Financial Services · Banks - Regional
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