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First Internet Bancorp Executive Compensation (FY25)

INBK · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
David Becker
Latest say-on-pay support
=
May 18, 2026
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Data as of October 19, 2026Latest filing (8-K): May 20, 2026
15 filings cited on this page
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First Internet Bancorp brief$1,500Get the executive brief
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196 figures on this page: 182 cited to the filing that reported them, 14 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Becker: $1,934,751 → $1,492,001 (22.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is First Internet Bancorp's chief executive and what were they paid?
Total compensation for David Becker, Chairman and Chief Executive Officer, came to $1,492,001 in fiscal 2025. Becker's total moved 22.9% lower from the $1,934,751 reported for fiscal 2024.
What was First Internet Bancorp's say-on-pay result?
Shareholders recorded 82.5% support for the say-on-pay proposal at the meeting held May 18, 2026 for fiscal 2025.
Which companies are in First Internet Bancorp's peer group?
Companies named in the disclosed peer group include Amerant Bancorp Inc., Axos Financial Inc., Bankwell Financial Group Inc., Bridgewater Bancshares Inc. and Brookline Bancorp Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Becker
Chairman and CEO
◇—◇—◇—◇◇
Nicole Lorch
President, COO and Corporate Secretary
◇—◇—◇—◇◇
Kenneth Lovik
Executive Vice President and CFO
◇—◇—◇—◇◇
C. Charles Perfetti
Former Executive Vice President and Secretary
Departed during or after this year
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Becker
Chairman and CEO
◇—◇—◇—◇◇
Nicole Lorch
President, COO and Corporate Secretary
◇—◇—◇—◇◇
Kenneth Lovik
Executive Vice President and CFO
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Becker
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Nicole Lorch
President, Chief Operating Officer and Corporate Secretary
◇—◇—◇—◇◇
Kenneth Lovik
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Becker
Chairman and Chief Executive Officer
◇—◇———◇◇
Nicole Lorch
President, Chief Operating Officer and Corporate Secretary
◇—◇———◇◇
Kenneth Lovik
Executive Vice President and Chief Financial Officer
◇—◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David B. BeckerPSU◇◇◇—◇—◇
David B. BeckerRSU◇——◇——◇
Kenneth J. LovikRSU◇——◇——◇
Kenneth J. LovikPSU◇◇◇—◇—◇
Nicole S. LorchPSU◇◇◇—◇—◇
Nicole S. LorchRSU◇——◇——◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Nicole LorchPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
David BeckerRSU◇=——
RSU◇◇——
RSU◇◇——
RSU◇=——
RSU◇=——
Kenneth LovikPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
David Becker
Chairman and Chief Executive Officer · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Kenneth Lovik
Executive Vice President and Chief Financial Officer · Employment agreement
Change-in-control multiple◇
Nicole Lorch
President, Chief Operating Officer and Corporate Secretary · Employment agreement
Change-in-control multiple◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ann Colussi Dee
◇◇————◇
Jean L. Wojtowicz
◇◇————◇
Joseph A. Fenech
◇◇————◇
Justin P. Christian
◇◇————◇
John K. Keach Jr
Lead independent director
◇◇————◇
Michele "Mel" Raines
◇◇————◇
Aasif M. Bade
◇◇————◇
David B. Becker served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Amerant Bancorp Inc. AMTB
  • Axos Financial Inc. AX
  • Bankwell Financial Group Inc. BWFG
  • Bridgewater Bancshares Inc. BWB
  • Brookline Bancorp Inc. BRKL
  • Business First Bancshares, Inc. BFST
  • CapStar Financial Holdings Inc. CSTR
  • Coastal Financial Corp. CCB
  • CrossFirst Bankshares, Inc. CFB
  • Equity Bancshares, Inc. EQBK
  • Farmers & Merchants Bancorp FMCB
  • FiveStar Bancorp FSBC
  • HarborOne Bancorp Inc. HONE
  • Heritage Commerce Corp. HTBK
  • Hingham Institute for Savings HIFS
  • Independent Bank Corp. IBCP
  • Mercantile Bank Corp. MBWM
  • MetroCity Bancshares Inc. MCBS
  • National Bank Holdings Corp. NBHC
  • Primis Financial Corp. FRST
  • Republic Bancorp Inc. RBCAA
  • Southern First Bancshares Inc. SFST
  • Third Coast Bancshares Inc. TCBX

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 18, 2026=◇◇◇
2024May 19, 2025=◇◇◇
2023May 20, 2024=◇◇◇
2022May 15, 2023=◇◇◇
2021May 16, 2022=◇◇◇
2020May 17, 2021=◇◇◇
2019May 18, 2020=◇◇◇
2018May 20, 2019=◇◇◇
2017May 21, 2018=◇◇◇
2016May 15, 2017=◇◇◇
2015May 16, 2016=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- David Becker (Chairman and Chief Executive Officer), FY2025 total compensation $1,492,001 (base salary $848,720) [exec_comp, SEC accession 0001562463-26-000031, filed 2026-03-27]

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What this page does not include

Everything above is a fact First Internet Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Internet Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
196 figures on this page: 182 cited to the filing that reported them, 14 calculated from figures it prints.
182 cited to the filing
14 calculated from the filing

Documents cited

  1. 0001562463-26-000073
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001562463-26-000031
    DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Potential Payments upon Termination · and 1 more section
  3. 0001104659-25-051985
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001562463-25-000032
    Summary Compensation Table
  5. 0001104659-24-064261
  6. 0001104659-24-040573
    Summary Compensation Table
  7. 0001562463-23-000093
  8. 0001104659-23-037791
    Summary Compensation Table
  9. 0001104659-22-062083
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001562463-21-000057
  11. 0001104659-20-064824
  12. 0001562463-19-000052
  13. 0001562463-18-000060
  14. 0001562463-17-000048
  15. 0001562463-16-000108
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Velarion, “First Internet Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/INBK (accessed 2026).
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The First Internet Bancorp brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First Internet Bancorp discloses

The companies named in INBK's own disclosed peer group.

Amerant Bancorp Inc.Axos Financial Inc.Bankwell Financial Group Inc.Bridgewater Bancshares Inc.Brookline Bancorp Inc.Business First Bancshares, Inc.CapStar Financial Holdings Inc.Coastal Financial Corp.CrossFirst Bankshares, Inc.Equity Bancshares, Inc.Farmers & Merchants BancorpFiveStar BancorpHarborOne Bancorp Inc.Heritage Commerce Corp.Hingham Institute for SavingsIndependent Bank Corp.Mercantile Bank Corp.MetroCity Bancshares Inc.National Bank Holdings Corp.Primis Financial Corp.Republic Bancorp Inc.Southern First Bancshares Inc.Third Coast Bancshares Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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