First Internet Bancorp expected to post earnings of 36  cents a share - Earnings Preview

First Internet Bancorp

24/10/2023 03:02

* First Internet Bancorp  INBK.OQ   INBK.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Fishers Indiana-based  company is expected to report 
a
17.0% decrease in revenue to $19.919 million from $23.99 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for First Internet
Bancorp is
for earnings of 36 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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 $24​, above​ its last closing price of $15.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.13        1.13       0.89      Missed  -21.2
 ​​Jun.        1.16        1.12       0.99      Missed  -11.9
 30 2022                                                
 Mar. 31 2022  1.00        0.99       1.14      Beat    15.1​
 Dec. 31 2021  1.19        1.17       1.30      Beat    11.2
 Sep. 30 2021  1.14        1.13       1.27      Beat    12.2
 This summary was machine generated October 24 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated