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 year | First Internet BancorpINBK, 2025 | MeridianMRBK, 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 |