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First Internet Bancorp (FRA:45H) Scaled Net Operating Assets : -0.02 (As of Dec. 2024)


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What is First Internet Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Internet Bancorp's operating assets for the quarter that ended in Dec. 2024 was €4,639.5 Mil. First Internet Bancorp's operating liabilities for the quarter that ended in Dec. 2024 was €4,730.7 Mil. First Internet Bancorp's Total Assets for the quarter that ended in Sep. 2024 was €5,246.8 Mil. Therefore, First Internet Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was -0.02.

First Internet Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Internet Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(5034.233-4730.732)/4738.664
=0.06

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5479.655 - 445.422
=5034.233

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5112.875 - 382.143 - 0
=4730.732

First Internet Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(4639.533-4730.732)/5246.756
=-0.02

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5479.655 - 840.122
=4639.533

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5112.875 - 382.143 - 0
=4730.732

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Internet Bancorp Scaled Net Operating Assets Related Terms

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First Internet Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Internet Bancorp (FRA:45H) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
INBK:USA
Address
8701 E. 116th Street, Fishers, IN, USA, 46038
Website
https://www.firstinternetbancorp.com
First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking or treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.