First Internet Bancorp Reports Second Quarter 2021 Results
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
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US:NASDAQ Investor Relations:
firstinternetbancorp.com/tearsheet.aspx?iid=4112285
Company Research
Source: Business Wire
Highlights for the second quarter include:Record net income of $13.1 million, an increase of 233.1% over the second quarter of 2020Record diluted earnings per share of $1.31, an increase of 227.5% over the second quarter of 2020 Adjusted net income of $11.1 million, or $1.11 per diluted share, when excluding a $2.5 million pre-tax gain on the sale of the Company’s corporate headquartersTotal revenue of $30.6 million, an increase of 57.6% over the second quarter of 2020Adjusted revenue of $28.0 million, an increase of 44.6% over the second quarter of 2020Net interest margin and fully-taxable equivalent net interest margin each increased 7 basis points (“bps”) from the first quarter of 2021, driven by a 13 bp decrease in the cost of interest-bearing deposits 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 second quarter of 2021. Net
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News
- First Internet Bancorp (NASDAQ: INBK) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $36.00 price target on the stock, up previously from $34.00.MarketBeat
- First Internet Bancorp (NASDAQ: INBK) had its price target lowered by analysts at Hovde Group from $38.50 to $38.00. They now have an "outperform" rating on the stock.MarketBeat
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INBK
Earnings
- 4/24/24 - Beat
INBK
Analyst Actions
- 4/26/24 - Keefe, Bruyette & Woods
INBK
Sec Filings
- 4/24/24 - Form 8-K
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- INBK's page on the SEC website