Nicole S. Lorch is the CEO of First Internet Bancorp, a position she has held since June 2021 after transitioning from her role as President and Chief Operating Officer. She has been with the company since 1999, starting as the...

Nicole S. Lorch is the CEO of First Internet Bancorp, a position she has held since June 2021 after transitioning from her role as President and Chief Operating Officer. She has been with the company since 1999, starting as the Director of Marketing and steadily climbing the ranks. Nicole earned her Bachelor’s Degree in Marketing from the University of Michigan and has a deep background in the banking sector. Under her leadership, the company has focused on innovative approaches in a rapidly changing industry, utilizing her expertise in marketing to attract customers and retain talent. Her compensation reflects the company's performance and her strategic vision; in 2023, she earned over $1 million, showcasing her alignment with shareholder interests. Nicole is known for her dynamic decision-making, often responding swiftly to market changes, and she closely monitors key financial metrics like net income and asset management to drive the company's growth.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other First Internet Bancorp CEOs

F

Nicole S. Lorch

CEO of First Internet Bancorp

Education

Bachelor's Degree in Marketing from the University of Michigan

Field of Expertise

Sales & Marketing - Marketing

Sector of Economy

Financial Services

Born

January 1, 1974 - 51 years ago

CEO of First Internet Bancorp for

3 years 11 months (Jun 2021 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer of First Internet Bancorp

Rivals

Competitors/colleagues of Nicole S. Lorch

W

Timothy S. Crane

CEO of Wintrust Financial

2023 Compensation

Stock

$276.30K

Salary

$1.00M

Bonus

$1.14M

Other

$33.85K

Total Holdings

$8.91M

V

C. Malcolm Holland, III

Founder and CEO of Veritex Holdings

2023 Compensation

Stock

$0.00

Salary

$800.00K

Bonus

$320.00K

Other

$332.37K

Total Holdings

$5.63M

C

Chang M. Liu

CEO of Cathay General Bancorp

2023 Compensation

Stock

$5.13M

Salary

$920.00K

Bonus

$784.60K

Other

$16.50K

Total Holdings

$137.68K

F

Van A. Dukeman

CEO of First Busey Corporation

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$561.88K

Other

$51.10K

Total Holdings

$9.87M

E

Dominic Ng

CEO of East-West Bancorp

2023 Compensation

Stock

$4.75M

Salary

$1.28M

Bonus

$2.22M

Other

$119.74K

Total Holdings

$85.15M

Holdings

See how much did Nicole S. Lorch make over time.

Nicole S. Lorch has shown a significant commitment to her role and the company's success through her stock holdings. Over the years, her investments have fluctuated impressively. In early 2020, her holdings value skyrocketed, peaking at around $1.73 million in...

Nicole S. Lorch has shown a significant commitment to her role and the company's success through her stock holdings. Over the years, her investments have fluctuated impressively. In early 2020, her holdings value skyrocketed, peaking at around $1.73 million in December 2021. After a slight dip, her holdings maintained strong values above $1 million consistently. By late 2023, her holdings reached approximately $2.1 million, reflecting her stake in the company's future and performance. This trend underscores her belief in the company’s direction and her strategic vision, with substantial financial involvement that aligns her interests with the shareholders. Nicole's ability to navigate stock fluctuations effectively shows her keen understanding of market dynamics.

Mar 18, 2025

I

shares

INBK @ $27.20

Insider Trading

See recent insider trades of Nicole S. Lorch.

INBK

6,387 shares

INBK

Jan 2, 2024

Received

INBK

$20.80K

INBK at $10.40/share

May 9, 2023

Purchase

INBK

4,961 shares

INBK

Mar 20, 2023

Received

INBK

$19.46K

INBK at $19.46/share

Mar 16, 2023

Purchase

INBK

6,178 shares

INBK

Jan 6, 2023

Received

INBK

$22.92K

INBK at $22.92/share

Oct 24, 2022

Purchase

INBK

2,998 shares

INBK

Mar 17, 2022

Received

INBK

2,923 shares

INBK

Jan 18, 2021

Received

INBK

$14.21K

INBK at $11.84/share

Mar 23, 2020

Purchase

INBK

12,440 shares

INBK

Jan 31, 2020

Received

Compensation History

See how much did Nicole S. Lorch make over time.

In 2023, Nicole S. Lorch's total compensation was reported at around $1.07 million. Her salary was $500,000, complemented by a bonus of $175,000, which was based on company performance that aligned with key financial goals. Additionally, she garnered $144,531 from vested stocks as part of her incentive compensation. The structure of her compensation emphasizes a philosophy aimed at attracting and retaining top leadership talent while linking pay to shareholder value creation. Over the past few years, her compensation has increased markedly, thus reinforcing her status as a key player in the strategic direction of First Internet Bancorp.

Year

2023

Total Compensation

$830.73K

Salary

$500.00K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain highly qualified leaders, aligning executive pay with the creation of shareholder value.

Bonus

$175.00K

Board Justification

The Annual Bonus Plan criteria for 2023 provided an opportunity for each participant to earn an annual cash bonus based on the Company’s achievement of budgeted goals for net income, net interest income, ratio of nonperforming assets to total assets and Texas Ratio.

Other

$11.20K

Board Justification

Other compensation includes life insurance premiums and matching contributions under the 401(k) Plan.

Restricted Stock

$144.53K(6.95K RSU)

Board Justification

The vested stock includes time-based restricted stock units (TRSUs) that vested in 2023, with a total of 6,936 shares vested during the year.

Performance Metrics

The performance metrics for determining the compensation included net income, net interest income, ratio of nonperforming assets to total assets, and Texas Ratio.

Other First Internet Bancorp CEOs

Here are other CEOs of First Internet Bancorp

David B. Becker

Ex-CEO of First Internet Bancorp

October 2015 - June 2021