undamentalytics Newsletter

First Internet Bancorp vs Meridian

First Internet Bancorp and Meridian are similar in size: $116m and $127m of revenue in their latest fiscal years. Meridian grew faster (12.9% against -13.5%). Meridian kept more of each dollar of sales as profit: a net margin of 17.2% against -30.2%.

Latest fiscal yearFirst Internet BancorpINBK, 2025MeridianMRBK, 2025
Revenue $116m $127m
Revenue growth -13.5% 12.9%
Net income −$35.2m $21.8m
Operating margin — —
Net margin -30.2% 17.2%
Return on equity -9.5% 11.8%
Free cash flow $2.2m $22.6m
Cash $457m —
Total debt $250m $107m
Debt to equity — —
Dividend per share $0.24 $0.50
Dividend yield 0.9% 2.8%
Share buybacks $521,000 —
Employees 355 —
Market value $237m $208m
Price vs our value range — —
Moat score 49 (Moderate) —
Insider trades, 12 months 2 buys, 0 sales 3 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.