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

First Internet Bancorp

26/07/2023 22:56

* First Internet Bancorp  INBK.OQ  reported quarterly
adjusted
earnings of 44 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 38 cents per share.
    * Revenue fell 29.3% to $18.15 million from a year ago;
analysts
expected $19.81 million. 
    * First Internet Bancorp's reported EPS for the quarter was
44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * First Internet Bancorp shares had risen by 30.3% this
quarter and lost 20.3% so far this year.
    * The company reported quarterly net income of $3.88
million.
    * Wall Street's median 12-month price target for First
Internet
Bancorp is $18.00 
    * 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 LSEG Refinitiv data July
26 at 09:56 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.38           0.44           Beat
 Mar. 31 2023      0.46           -0.14          Missed
 Dec. 31 2022      0.70           0.68           Missed
 Sep. 30 2022      1.13           0.89           Missed