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

First Internet Bancorp

27/04/2023 24:14

* First Internet Bancorp  INBK.OQ  reported quarterly
adjusted
earnings of 53 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue fell 19.6% to $20.96 million from a year ago;
analysts
expected $22.17 million. 
    * First Internet Bancorp's reported EPS for the quarter was
a loss
of 14 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * First Internet Bancorp shares had fallen by 6.5% this
quarter and lost 35.9% so far this year.
    * The company reported a quarterly loss of $1.31 million.
    * Wall Street's median 12-month price target for First
Internet
Bancorp is $27.00 
    * 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
April 26 at 11:13 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.46           0.53           Beat
 Dec. 31 2022      0.70           0.68           Missed
 Sep. 30 2022      1.13           0.89           Missed
 Jun. 30 2022      1.12           0.99           Missed