First Internet Bancorp

First Internet Bancorp engages in the provision of online commercial and retail banking products and services. It offers first-lien residential mortgage loans, consumer loans and credit cards & CRE loans in Indiana and other parts of the midwest in the form of office, retail, industrial, and multifamily loans, with credit tenant lease financing. The company was founded on September 15, 2005 and is headquartered in Indianapolis, IN.

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

First Internet Bancorp posts strong Q4 earnings, eyes fintech growth

First Internet Bancorp delivered strong earnings in Q4 2022, driven by robust loan demand and high credit quality despite exiting the consumer mortgage business.
The company's strategic focus on fintech partnerships, share repurchases, and higher yielding loans positions it for improved profitability and revenue growth.
While facing challenges such as lower loan growth expectations and increased funding costs, opportunities in revenue diversification and cost management can drive future success.

First Internet Bancorp reports mixed Q1 results, eyes growth opportunities

First Internet Bancorp's Q1 performance showed resilience with adjusted net income meeting expectations despite a net loss attributed to a charge-off.
The company's strong capital levels and focus on compliance and liquidity management position it well for future growth.
Challenges include repricing maturing CDs and maintaining profitability amidst evolving market conditions.
Opportunities lie in leveraging successful initiatives like BaaS, loan portfolio restructuring, and strategic balance sheet management.

First Internet Bancorp reports strong Q2 performance and eyes growth

First Internet Bancorp (INBK) demonstrated solid performance in Q2 2023 with strong deposit growth and improved loan originations yield.
While facing challenges such as upcoming CD maturities and potential tax rate increases, the company remains focused on managing expenses and credit quality.
Opportunities lie in revenue growth, fintech partnerships, and margin improvement strategies, positioning the company for continued success and expansion.
Overall, the company's performance, strengths, and strategic outlook indicate a positive trajectory for future growth and profitability.

First Internet Bancorp (INBK) excels in Q3 with SBA focus and growth optimism

First Internet Bancorp (INBK) delivered a strong Q3 performance with a focus on growth through SBA business and higher-yielding products. Despite challenges in managing expenses and deposit costs, the company remains optimistic about future earnings and profitability, supported by solid capital levels and a positive outlook for loan growth.

First Internet Bancorp reports strong Q4 performance and growth opportunities

First Internet Bancorp's Q4 2023 performance reflects a positive transformation and financial strength.
The company's strategic focus on higher yielding products and fintech partnerships positions it well for future growth.
While challenges exist in deposit management and provisioning, opportunities in revenue diversification and growth are promising.

First Internet Bancorp (INBK) reports robust Q1 earnings growth

First Internet Bancorp (INBK) delivered a strong performance in Q1 2024 with notable earnings growth, improved profitability, and positive outlook on revenue driven by commercial and consumer lending teams. The company remains committed to enhancing profitability, shareholder value, and capitalizing on market opportunities amidst challenges in managing expenses and liquidity.

First Internet Bancorp (INBK) reports robust Q2 earnings growth

First Internet Bancorp demonstrated strong financial performance in Q2 2024, marked by revenue growth and improved profitability.
While facing challenges in managing non-recurring expenses, the company capitalized on opportunities in loan portfolio and deposit growth.
Overall, the company's solid performance, healthy credit quality, and strategic outlook position it well for continued growth and success.

First Internet Bancorp reports robust Q3 earnings and eyes growth

First Internet Bancorp delivered strong financial results in Q3 2024, showcasing robust earnings growth, improved profitability, and sound asset quality.
While facing challenges such as expected expense growth and tax rate increases, the company remains well-positioned for revenue expansion and lending opportunities.
With a focus on cost management and revenue enhancement, First Internet Bancorp is poised for continued success and financial strength in the upcoming quarters and into 2025.

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FISHERS, Ind.--(BUSINESS WIRE)--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 2023 financial results after the market closes on Wednesday, April 26, 2023. A conference call and webcast to discuss the results will be held the following day, Thursday, April 27 at 2:00 p.m., Eastern Time.

First Internet Bancorp to Announce First Quarter 2023 Financial Results on Wednesday, April 26

First Internet (INBK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in First Internet (INBK): Can Its 9.1% Jump Turn into More Strength?

The internet-only bank has a strong balance sheet with a robust equity position. The AFS portfolio is less than 10% of the assets, so the negative impact should be very manageable.

First Internet Bancorp: Just An Innocent Victim In The Banking Crisis?

First Internet Bancorp (NASDAQ:INBK ) Q4 2022 Results Conference Call January 26, 2023 2:00 PM ET Company Participants David Becker - Chairman, CEO Ken Lovik - EVP, CFO Conference Call Participants Brett Rabatin - Hovde Group George Sutton - Craig-Hallum Nathan Race - Piper Sandler John Rodis - Janney Nick Talboys - Financial Profiles, Inc. Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Conference Call for the Fourth Quarter and Full Year 2022. [Operator Instructions] Please note that today's event is being recorded.

First Internet Bancorp (INBK) Q4 2022 Earnings Call Transcript

First Internet (INBK) delivered earnings and revenue surprises of -6.85% and 2.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

First Internet Bancorp (INBK) Q4 Earnings Miss Estimates

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 fourth quarter and full year ended December 31, 2022.

First Internet Bancorp Reports Fourth Quarter and Full Year 2022 Results

FISHERS, Ind.--( BUSINESS WIRE )--First Internet Bank announced today that Alan Peterson has joined the organization as Vice President, Senior Business Development Officer. The newest member of the Small Business Administration (SBA) lending team brings to the position a deep experience base in finance and SBA lending.

First Internet Bank Continues SBA Team Growth, Adds Senior Business Development Officer

FISHERS, Ind.--( BUSINESS WIRE )--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 fourth quarter 2022 financial results after the market closes on Wednesday, January 25, 2023.

First Internet Bancorp to Announce Fourth Quarter 2022 Financial Results on Wednesday, January 25

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Patriot National Bancorp

Heading into 2022, it looked like there would be several more bank-fintech mergers and acquisitions.

Bank-Fintech Deals Did Not Have a Good Year in 2022

FISHERS, Ind.--( BUSINESS WIRE )--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has authorized a new stock repurchase program (the “Program”) with an aggregate purchase price of up to $25.0 million. The Program is scheduled to expire on December 31, 2023, and replaces the Company's previously announced stock repurchase program. The Program permits the Company to acquire shares of its common stock from time to time in the open market or in privately negotiated transactions at prices management considers to be attractive and in the best interest of the Company and its shareholders. The Program does not obligate the Company to repurchase shares of its common stock, and there is no assurance that it will do so.

First Internet Bancorp Authorizes Stock Repurchase Program

FISHERS, Ind.--( BUSINESS WIRE )--First Internet Bank has been named one of the Best Banks to Work For by American Banker and Best Companies Group. This marks the tenth consecutive year the Bank has been selected. The annual program recognizes financial institutions nationwide that display outstanding levels of employee engagement and create positive workplace cultures.

First Internet Bank Named “Best Bank” for the Tenth Consecutive Year

Experienced SBA Business Development Officer Joins First Internet Bank

First Internet Bancorp (NASDAQ:INBK ) Q3 2022 Earnings Conference Call October 20, 2022 12:00 PM ET Company Participants Larry Clark – Financial Profiles, Inc. David Becker – Chairman and Chief Executive Officer Ken Lovik – Executive Vice President and Chief Financial Officer Conference Call Participants George Sutton – Craig-Hallum Michael Perito – KBW Nathan Race – Piper Sandler Brett Rabatin – Hovde Group Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Conference Call for the Third Quarter of 2022. My name is Drew and I'll be coordinating your call today.

First Internet Bancorp (INBK) Q3 2022 Earnings Call Transcript

First Internet (INBK) delivered earnings and revenue surprises of -22.61% and 10.55%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

First Internet Bancorp (INBK) Misses Q3 Earnings and Revenue Estimates

First Internet Bancorp Reports Third Quarter 2022 Results

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that David Bybee has joined its Small Business Administration (SBA) lending team as Vice President, Senior Credit Officer. In this role, he will oversee credit guidelines, underwriting and the credit approval process for the bank's small business lending effort. “David is highly accomplished in administering government guaranteed lending programs, but his passion for helping small businesses succeed is what drives him,” noted P

Experienced Senior Credit Officer Joins First Internet Bank Small Business Administration Team

FISHERS, Ind.--(BUSINESS WIRE)--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 2022 financial results after the market closes on Wednesday, October 19, 2022. A conference call and webcast to discuss the results will be held the following day, Thursday, October 20, 2022 at 12:00 p.m., Eastern Time. Conference Call and Webcast Information:   Date and Time:   Thursday, Octo

First Internet Bancorp to Announce Third Quarter 2022 Financial Results on Wednesday, October 19

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that Will Tinsley has joined its Small Business Administration (SBA) Lending team as Vice President, Senior Business Development Officer. His addition will further bolster First Internet Bank's national commitment to small business. “We're excited to welcome Will to our highly-skilled team,” said Mark Gibson, Vice President, National SBA Sales Manager of First Internet Bank. “His knowledge of acquisition lending and experience

Business Development Officer Joins First Internet Bank SBA Team

First Internet Bancorp is a digital-only bank headquartered in Indiana. Its diverse loan book has a below-average past due ratio and non performing asset ratio.

Grabbing A 6.7% Yield With First Internet Bancorp's Debt Securities

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank today announced that Vice President, Portfolio Manager, Public Finance Kathryn “Katy” Clayton has been named President of the Board of Directors for the Indiana Chapter of Women in Public Finance (WPF). Ms. Clayton has been with First Internet Bank since 2018, and a WPF Board member since October, 2020. “Women in Public Finance provides frequent networking opportunities with other driven professionals, and regional activities that bring togeth

First Internet Bank Executive to Lead Women in Public Finance Indiana Chapter

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today it has launched Do More Business™ Checking, an account designed to help small business owners accomplish more in less time. Among its key benefits are tools that provide greater control over both business and personal finances. Do More Business Checking enables business owners to earn interest, make unlimited transactions and access a dedicated customer success team. In addition, they can now link multiple financial accounts li

First Internet Bank Launches Do More Business™ Checking

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today the addition of Paul DePasquale to its Small Business Administration (SBA) Lending team as Vice President, Senior Business Development Officer. The move further demonstrates the Bank's commitment to small businesses nationwide. “We are pleased to welcome Paul to our expanding SBA lending team,” said Mark Gibson, Vice President, National SBA Sales Manager. “He has a proven track record, collaborating with clients to create custo

First Internet Bank Adds New Senior Business Development Officer to SBA Lending Team

First Internet Bancorp (NASDAQ:INBK ) Q2 2022 Earnings Conference Call July 21, 2022 12:00 PM ET Company Participants Larry Clark - Financial Profiles David Becker - Chairman and Chief Executive Officer Kenneth Lovik - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Perito - KBW Nathan Race - Piper Sandler Brett Rabatin - Hovde Group John Rodis - Janney George Sutton - Craig-Hallum Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Conference Call for the Second Quarter of 2022. And please note that today's event is being recorded.

First Internet Bancorp (INBK) CEO David Becker on Q2 2022 Results - Earnings Call Transcript

First Internet (INBK) delivered earnings and revenue surprises of -10% and 3.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

First Internet Bancorp (INBK) Q2 Earnings and Revenues Miss Estimates

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 ended June 30, 2022. Net income for the second quarter of 2022 was $9.5 million, or $0.99 diluted earnings per share. This compares to net income of $11.2 million, or $1.14 diluted earnings per share, for the first quarter of 2022, and net income of $13.1 million, or $1.31 diluted e

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