First Internet Bancorp

INBK

US3205571017

Banks

Market Closed - Nasdaq Other stock markets 21:00:00 17/05/2024 BST			5-day change	1st Jan Change
32.56 ^USD	+2.33%		+1.85%	+34.60%

04-29	Piper Sandler Trims Price Target on First Internet Bancorp to $34 From $35, Maintains Neutral Rating	MT
04-25	Transcript : First Internet Bancorp, Q1 2024 Earnings Call, Apr 25, 2024

First Internet Bancorp Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

July 26, 2023 at 09:50 pm

First Internet Bancorp reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 18.15 million compared to USD 25.68 million a year ago. Net income was USD 3.88 million compared to USD 9.55 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.99 a year ago.
For the six months, net interest income was USD 37.72 million compared to USD 51.43 million a year ago. Net income was USD 0.865 million compared to USD 20.75 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 2.14 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 2.13 a year ago.

Latest news about First Internet Bancorp

Piper Sandler Trims Price Target on First Internet Bancorp to $34 From $35, Maintains Neutral Rating	04-29	MT
Transcript : First Internet Bancorp, Q1 2024 Earnings Call, Apr 25, 2024	04-25
Earnings Flash (INBK) FIRST INTERNET BANCORP Reports Q1 Revenue $29.1M, vs. Street Est of $22.2M	04-24	MT
Earnings Flash (INBK) FIRST INTERNET BANCORP Posts Q1 EPS $0.59, vs. Street Est of $0.53	04-24	MT
Tranche Update on First Internet Bancorp's Equity Buyback Plan announced on December 20, 2022.	04-24	CI
First Internet Bancorp Reports Earnings Results for the First Quarter Ended March 31, 2024	04-24	CI
First Internet Bancorp Keeps Quarterly Cash Dividend at $0.06 a Share, Payable April 15 to Holders of Record March 28	03-18	MT
First Internet Bancorp Declares Quarterly Cash Dividend, Payable on April 15, 2024	03-18	CI
Keefe, Bruyette & Woods Raises Price Target on First Internet Bancorp to $34 From $29, Maintains Market Perform Rating	01-26	MT
Transcript : First Internet Bancorp, Q4 2023 Earnings Call, Jan 25, 2024	01-25
Earnings Flash (INBK) FIRST INTERNET BANCORP Posts Q4 Revenue $27.2M, vs. Street Est of $18.8M	01-24	MT
Earnings Flash (INBK) FIRST INTERNET BANCORP Posts Q4 EPS $0.48, vs. Street Est of $0.29	01-24	MT
Tranche Update on First Internet Bancorp's Equity Buyback Plan announced on December 20, 2022.	01-24	CI
First Internet Bancorp Reports Earnings Results for the Full Year Ended December 31, 2023	01-24	CI
First Internet Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023	01-24	CI
First Internet Bancorp Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	01-24	CI
First Internet Bancorp Keeps Dividend Steady, Extends Stock Buyback Program	12-19	MT
First Internet Bancorp to Pay Quarterly Cash Dividend, Payable on January 16, 2024	12-19	CI
North American Morning Briefing : S&P 500 Eyes -2-	12-19	DJ
First Internet Bancorp's Equity Buyback Plan Extended till December 31, 2024.	12-18	CI
Craig-Hallum Upgrades First Internet Bancorp to Buy From Hold, Raises Price Target to $35 From $19	12-18	MT
Piper Sandler Trims First Internet Bancorp's Price Target to $18 From $19, Keeps Neutral Rating	30/10/23	MT
Craig-Hallum Cuts Price Target on First Internet Bancorp to $19 From $22, Maintains Hold Rating	27/10/23	MT
Transcript : First Internet Bancorp, Q3 2023 Earnings Call, Oct 26, 2023	26/10/23
Earnings Flash (INBK) FIRST INTERNET BANCORP Posts Q3 EPS $0.39, vs. Street Est of $0.36	25/10/23	MT

Chart First Internet Bancorp

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Company Profile

First Internet Bancorp is a financial holding company, which is engaged in conducting its primary business activities through its wholly owned subsidiary, First Internet Bank of Indiana (the Bank), an Indiana chartered bank. The Bank offers a range of commercial, small business, consumer and municipal banking products and services. The Bank conducts its consumer and small business deposit operations primarily through digital channels on a nationwide basis and have no traditional branch offices. Its consumer lending products are primarily originated on a nationwide basis through relationships with dealerships and financing partners. The Bank's commercial banking products and services are delivered through a relationship banking model and include commercial and industrial (C&I) banking, construction and investor commercial real estate, single tenant lease financing, public finance, healthcare finance, small business lending, commercial deposits, and treasury management.

Sector

Banks

Calendar

20/05/2024 - Annual General Meeting

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Ratings for First Internet Bancorp

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

32.56 USD

Average target price

36.4 USD

Spread / Average Target

+11.79%

Consensus

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Quarterly earnings - Rate of surprise

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