First Internet Bancorp reports results for the quarter ended in June - Earnings Summary
25/07/2024 01:13
* First Internet Bancorp INBK.OQ reported quarterly
adjusted
earnings of 67 cents per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 44 cents. The mean expectation of five analysts
for the quarter was for earnings of 71 cents per share. Wall
Street expected results to range from 59 cents to 77 cents per
share.
* Revenue rose 15.4% to $22.50 million from a year ago;
analysts
expected $22.87 million.
* First Internet Bancorp's reported EPS for the quarter was
67
cents.
* The company reported quarterly net income of $5.78
million.
* First Internet Bancorp shares had risen by 37.0% this
quarter and gained 53.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
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 $36.00
This summary was machine generated from LSEG data July 25 at
12:12 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
Jun. 30 2024 0.71 0.67 Missed
Mar. 31 2024 0.54 0.59 Beat
Dec. 31 2023 0.31 0.48 Beat
Sep. 30 2023 0.36 0.39 Beat