First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accept non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity and improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; and credit and debit cards. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of municipal finance lending and leasing products to government entities. In addition, it offers corporate credit card and treasury management services. The company provides its services through its Website, firstib.com. First Internet Bancorp was founded in 1999 and is based in Fishers, Indiana.
IPO Year:
Exchange: NASDAQ
Website: firstinternetbancorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2024 | $38.00 → $44.00 | Outperform | Hovde Group |
| 4/26/2024 | $38.50 → $38.00 | Outperform | Hovde Group |
| 12/18/2023 | $19.00 → $35.00 | Hold → Buy | Craig Hallum |
| 10/21/2022 | $42.00 → $30.00 | Buy → Hold | Craig Hallum |
| 10/21/2022 | $42.00 → $30.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 10/20/2022 | $37.00 → $32.00 | Buy → Neutral | Janney |
| 10/7/2022 | $43.00 → $38.00 | Overweight → Neutral | Piper Sandler |
First Internet Bancorp (the "Company") (NASDAQ:INBK) has announced the appointment of Justin P. Christian and Ann Colussi Dee to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211214005966/en/Ann Colussi Dee (Photo: Business Wire) Mr. Christian is the Co-Founder, President and CEO of BCforward, a global IT consulting and workforce fulfillment firm providing services and resourcing for leading businesses as well as government organizations. Currently the sole shareholder, he has led the organization from start-up to $600MM in projected revenues for FY2021. The firm currently has nearly 5,800 employees. Befo
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First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (the "Bank"), announced today financial and operational results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net income of $7.0 million, an increase of 21.0% from the second quarter of 2024 Diluted earnings per share of $0.80, an increase of 19.4% from the second quarter of 2024 Net interest income of $21.8 million and fully-taxable equivalent net interest income1 of $22.9 million, increases of 2.1% and 1.8%, respectively, from the second quarter of 2024 Net interest margin of 1.62% and fully-taxable equivalent net interest margin1 of 1.70%, com
Conference call and webcast to be held on Thursday, October 24 First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024. A conference call and webcast to discuss the results will be held the following day, Thursday, October 24 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, October 24, 2024, 2:00 p.m. Eastern Time Telephone Access: 1-888-259-6580 (U.S. toll free) 1-206-962-3782 (U.S. toll) 1-416-764-
The Board of Directors of First Internet Bancorp (the "Company") (NASDAQ:INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on October 15, 2024 to shareholders of record at the close of business on September 30, 2024. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a bank
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 ended June 30, 2024. Second Quarter 2024 Financial Highlights Net income of $5.8 million and adjusted net income1 of $6.2 million, increases of 11.5% and 20.2%, respectively, from the first quarter of 2024 Diluted earnings per share of $0.67 and adjusted diluted earnings per share1 of $0.72, increases of 13.6% and 22.0%, respectively, from the first quarter of 2024 Net interest income of $21.3 million and fully-taxable equivalent net interest income1 of $22.5 million, increases of 2.9% and 2.6%, resp
Conference call and webcast to be held on Thursday, July 25 First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its second quarter 2024 financial results after the market closes on Wednesday, July 24, 2024. A conference call and webcast to discuss the results will be held the following day, Thursday, July 25 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, July 25, 2024, 2:00 p.m. Eastern Time Telephone Access: 1-888-259-6580 (U.S. toll free) 1-206-962-3782 (U.S. toll) 1-416-
The Board of Directors of First Internet Bancorp (the "Company") (NASDAQ:INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on July 15, 2024 to shareholders of record at the close of business on June 28, 2024. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a financial
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 Highlights Net 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 2023 Net 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 2023 Net interest margin of 1.66% and fully-taxable equivalent net interest margin of 1.75%, increases of 8 basis points and 7
Conference call and webcast to be held on Thursday, April 25 First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its first quarter 2024 financial results after the market closes on Wednesday, April 24, 2024. A conference call and webcast to discuss the results will be held the following day, Thursday, April 25 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, April 25, 2024, 2:00 p.m. Eastern Time Telephone Access: 1-888-259-6580 (U.S. toll free) 1-206-962-3782 (U.S. toll)
The Board of Directors of First Internet Bancorp (the "Company") (NASDAQ:INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on April 15, 2024 to shareholders of record at the close of business on March 28, 2024. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a financia
First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (the "Bank"), announced today financial and operational results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Net income of $4.1 million and diluted earnings per share of $0.48, increases of 21.5% and 23.1%, respectively, from the third quarter of 2023 Net interest income of $19.8 million and fully-taxable equivalent net interest income of $21.0 million, increases of 14.0% and 12.9%, respectively, from the third quarter of 2023 Net interest margin of 1.58% and fully-taxable equivalent net interest margin of 1.68%, both increasi
Hovde Group reiterated coverage of First Internet Bancorp with a rating of Outperform and set a new price target of $44.00 from $38.00 previously
Hovde Group reiterated coverage of First Internet Bancorp with a rating of Outperform and set a new price target of $38.00 from $38.50 previously
Craig Hallum upgraded First Internet Bancorp from Hold to Buy and set a new price target of $35.00 from $19.00 previously
Craig Hallum downgraded First Internet Bancorp from Buy to Hold and set a new price target of $30.00 from $42.00 previously
Keefe Bruyette downgraded First Internet Bancorp from Outperform to Mkt Perform and set a new price target of $30.00 from $42.00 previously
Janney downgraded First Internet Bancorp from Buy to Neutral and set a new price target of $32.00 from $37.00 previously
Piper Sandler downgraded First Internet Bancorp from Overweight to Neutral and set a new price target of $38.00 from $43.00 previously
Janney upgraded First Internet Bancorp from Neutral to Buy and set a new price target of $36.00
First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (the "Bank"), announced today financial and operational results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net income of $7.0 million, an increase of 21.0% from the second quarter of 2024 Diluted earnings per share of $0.80, an increase of 19.4% from the second quarter of 2024 Net interest income of $21.8 million and fully-taxable equivalent net interest income1 of $22.9 million, increases of 2.1% and 1.8%, respectively, from the second quarter of 2024 Net interest margin of 1.62% and fully-taxable equivalent net interest margin1 of 1.70%, com
Conference call and webcast to be held on Thursday, October 24 First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024. A conference call and webcast to discuss the results will be held the following day, Thursday, October 24 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, October 24, 2024, 2:00 p.m. Eastern Time Telephone Access: 1-888-259-6580 (U.S. toll free) 1-206-962-3782 (U.S. toll) 1-416-764-
The Board of Directors of First Internet Bancorp (the "Company") (NASDAQ:INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on October 15, 2024 to shareholders of record at the close of business on September 30, 2024. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a bank
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 ended June 30, 2024. Second Quarter 2024 Financial Highlights Net income of $5.8 million and adjusted net income1 of $6.2 million, increases of 11.5% and 20.2%, respectively, from the first quarter of 2024 Diluted earnings per share of $0.67 and adjusted diluted earnings per share1 of $0.72, increases of 13.6% and 22.0%, respectively, from the first quarter of 2024 Net interest income of $21.3 million and fully-taxable equivalent net interest income1 of $22.5 million, increases of 2.9% and 2.6%, resp
Conference call and webcast to be held on Thursday, July 25 First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its second quarter 2024 financial results after the market closes on Wednesday, July 24, 2024. A conference call and webcast to discuss the results will be held the following day, Thursday, July 25 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, July 25, 2024, 2:00 p.m. Eastern Time Telephone Access: 1-888-259-6580 (U.S. toll free) 1-206-962-3782 (U.S. toll) 1-416-
The Board of Directors of First Internet Bancorp (the "Company") (NASDAQ:INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on July 15, 2024 to shareholders of record at the close of business on June 28, 2024. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a financial
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 Highlights Net 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 2023 Net 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 2023 Net interest margin of 1.66% and fully-taxable equivalent net interest margin of 1.75%, increases of 8 basis points and 7
Conference call and webcast to be held on Thursday, April 25 First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its first quarter 2024 financial results after the market closes on Wednesday, April 24, 2024. A conference call and webcast to discuss the results will be held the following day, Thursday, April 25 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, April 25, 2024, 2:00 p.m. Eastern Time Telephone Access: 1-888-259-6580 (U.S. toll free) 1-206-962-3782 (U.S. toll)
The Board of Directors of First Internet Bancorp (the "Company") (NASDAQ:INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on April 15, 2024 to shareholders of record at the close of business on March 28, 2024. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a financia
First Internet Bank announced today that Craig Simon has joined the organization as Vice President, Senior Business Development Officer. Mr. Simon will bring additional financial expertise to First Internet Bank's rapidly-growing Small Business Administration (SBA) team, which has supported the Bank's growth into a Top 10 lender for SBA 7(a) loans. "Craig's SBA and commercial lending experience will be instrumental in identifying and developing new business opportunities for our team," said Mark Gibson, Vice President, National Sales Manager. "His deep understanding of the lending process and ability to clearly explain each step to borrowers will enable him to quickly and efficiently secu
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First Internet (NASDAQ:INBK) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.71 by 1.41 percent. The company reported quarterly sales of $32.360 million which beat the analyst consensus estimate of $22.866 million by 41.52 percent. This is a 34.74 percent increase over sales of $24.016 million the same period last year.
Piper Sandler analyst Nathan Race maintains First Internet (NASDAQ:INBK) with a Neutral and lowers the price target from $35 to $34.
Keefe, Bruyette & Woods analyst Timothy Switzer reiterates First Internet (NASDAQ:INBK) with a Market Perform and raises the price target from $34 to $36.
First Internet (NASDAQ:INBK) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.54 by 9.26 percent. This is a 11.32 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $29.081 million which beat the analyst consensus estimate of $22.387 million by 29.90 percent. This is a 16.23 percent increase over sales of $25.020 million the same period last year.
Keefe, Bruyette & Woods analyst Michael Perito maintains First Internet (NASDAQ:INBK) with a Market Perform and raises the price target from $29 to $34.
First Internet (NASDAQ:INBK) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings First Internet beat estimated earnings by 54.84%, reporting an EPS of $0.48 versus an estimate of $0.31. Revenue was down $268 thousand from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 9.81% increase in the share price the next day. Here's a look at First Internet's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.36 0.38 0.46 0.70 EPS Actual 0.39 0.44 0.53 0.68 Revenue Estimate 19.92M 19.81M 22.17M 23.46M
First Internet (NASDAQ:INBK) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.31 by 54.84 percent. This is a 29.41 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $27.21 million which beat the analyst consensus estimate of $19.28 million by 41.12 percent. This is a 0.98 percent decrease over sales of $27.48 million the same period last year.
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First Internet (NASDAQ:INBK) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement. Analysts estimate that First Internet will report an earnings per share (EPS) of $0.31. First Internet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.03, which was followed by a 9.81% increase in th
By the close of today, January 16, 2024, First Internet (NASDAQ:INBK) will issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.98%. Only those investors who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout. First Internet Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }