First Internet Bancorp reports results for the quarter ended December 31 - Earnings Summary

First Internet Bancorp

23/01/2025 05:54

* First Internet Bancorp  INBK.OQ  reported quarterly
adjusted
earnings of 83 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 48 cents.  The mean expectation of five analysts
for the quarter was for earnings of 92 cents per share. Wall
Street expected results to range from 81 cents to 97 cents per
share.
    * Revenue rose 11.9% to $23.55 million from a year ago;
analysts
expected $24.33 million. 
    * First Internet Bancorp's reported EPS for the quarter was
83
cents​.
    * The company reported quarterly net income of $7.33
million.
    * First Internet Bancorp shares had fallen by 2.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for First Internet
Bancorp is $45.00 
This summary was machine generated from LSEG data January 23 at
05:54 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.92           0.83           Missed
 Sep. 30 2024      0.84           0.80           Missed
 Jun. 30 2024      0.71           0.67           Missed
 Mar. 31 2024      0.54           0.59           Beat