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

First Internet Bancorp

25/01/2023 23:30

* First Internet Bancorp  INBK.OQ  reported quarterly
adjusted
earnings of 68 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of 70 cents per share.
    * Revenue fell 11.9% to $27.48 million from a year ago;
analysts
expected $23.46 million. 
    * First Internet Bancorp's reported EPS for the quarter was
68
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * First Internet Bancorp shares had risen by 4.0% this
quarter.
    * The company reported quarterly net income of $6.35
million.
    * Wall Street's median 12-month price target for First
Internet
Bancorp is $28.00 
    * 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." 

This summary was machine generated from Refinitiv data January
25 at 11:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.70           0.68           Missed
 Sep. 30 2022      1.13           0.89           Missed
 Jun. 30 2022      1.12           0.99           Missed
 Mar. 31 2022      0.99           1.14           Beat