First Internet Bancorp expected to post earnings of 31 cents a share - Earnings Preview
22/01/2024 21:38
* First Internet Bancorp INBK.OQ INBK.O is expected
to show a
fall in quarterly revenue when it reports results on January 24
for the period ending December 31 2023
* The Fishers Indiana-based company is expected to report a
29.8% decrease in revenue to $19.283 million from $27.48 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (Sales is on Net Interest Income FTE basis)
* LSEG's mean analyst estimate for First Internet Bancorp
is for
earnings of 31 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for First
Internet
Bancorp is $29.00, above its last closing price of $26.00.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 0.36 0.36 0.39 Beat 8.9
Jun. 30 2023 0.38 0.38 0.44 Beat 15.2
Mar. 31 2023 0.46 0.46 -0.14 Missed -130.7
Dec. 31 2022 0.73 0.70 0.68 Missed -2.9
Sep. 1.13 1.13 0.89 Missed -21.2
30 2022
Jun. 30 2022 1.16 1.12 0.99 Missed -11.9
Mar. 31 2022 1.00 0.99 1.14 Beat 15.1
Dec. 31 2021 1.19 1.17 1.30 Beat 11.2
This summary was machine generated January 22 at 21:38 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)