First Internet Bancorp (INBK) vs Meridian (MRBK)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Meridian (MRBK) has outperformed First Internet Bancorp (INBK) over the past year, gaining 24.2% versus a gain of 19.6%. Over five years, MRBK leads with a +23.4% price change compared with -17.9% for INBK. First Internet Bancorp is the larger company by market cap ($231.1 million vs $223.7 million), about 1.0 times the size.
On valuation, First Internet Bancorp trades at a lower forward P/E (6.0x vs 8.4x for Meridian). Meridian offers the higher dividend yield (2.91% vs 0.91%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | INBK | MRBK |
|---|---|---|
| Share price | $26.46 | $18.75 |
| Market cap | $231.09M | $223.67M |
| 1-day change | 0.00% | +0.27% |
| YTD return | +26.78% | +6.37% |
| 1-year return | +19.57% | +24.17% |
| 5-year return | -17.93% | +23.43% |
| P/E ratio (TTM) | — | 10.25 |
| Forward P/E | 6.02 | 8.41 |
| EPS (TTM) | $-3.61 | $1.83 |
| Dividend yield | 0.91% | 2.91% |
| Annual dividend | $0.24 | $0.545 |
| 52-week high | $31.09 | $21.67 |
| 52-week low | $17.05 | $13.81 |
| Distance from 52-week high | -14.89% | -13.47% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +16.78% | +22.67% |
| Average volume | 46.90K | 91.67K |
| Shares outstanding | 8.73M | 11.93M |
| Employees | 354 | 327 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Meridian offers a meaningfully higher dividend yield (2.91% vs 0.91%).
About First Internet Bancorp
INBK stock →First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certificates of deposit and brokered deposits.
Finance · Major Banks · 354 employees
About Meridian
MRBK stock →Meridian Corporation operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida. It provides various deposit products, such as demand non-interest and interest bearing, savings, and money market accounts, as well as time deposits.
Finance · Major Banks · 327 employees
INBK vs MRBK FAQ
Which is bigger, First Internet Bancorp or Meridian?
First Internet Bancorp (INBK) is larger, with a market capitalization of $231.09M compared with $223.67M for Meridian (MRBK).
Which stock has performed better over the past year, INBK or MRBK?
MRBK returned +24.17% over the past 12 months, compared with +19.57% for INBK (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, First Internet Bancorp or Meridian?
Meridian has the higher yield at 2.91%, compared with 0.91% for First Internet Bancorp.
Are First Internet Bancorp and Meridian in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.