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Stock impact report

First Internet Bancorp Reports First Quarter 2024 Results

First Internet Bancorp (INBK) 
Last first internet bancorp earnings: 4/22 04:52 pm Check Earnings Report
Company Research Source: Business Wire
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024.First Quarter 2024 Financial HighlightsNet income of $5.2 million and diluted earnings per share of $0.59, increases of 25.1% and 22.9%, respectively, from the fourth quarter of 2023Net interest income of $20.7 million and fully-taxable equivalent net interest income of $21.9 million, increases of 4.7% and 4.2%, respectively, from the fourth quarter of 2023Net interest margin of 1.66% and fully-taxable equivalent net interest margin of 1.75%, increases of 8 basis points and 7 basis points, respectively, from the fourth quarter of 2023Loan growth of $69.6 million, a 1.8% increase from the fourth quarter of 2023Deposit growth of $206.8 million, a 5.1% increase from the fourth quarter of 2023Loans to deposits ratio decreased to 91.5% from 94.4% in the Show less Read more
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