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

First Internet Bancorp

24/04/2024 23:40

* First Internet Bancorp  INBK.OQ  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -14 cents.  The mean expectation of
five analysts for the quarter was for earnings of 54 cents per
share. Wall Street expected results to range from 42 cents to 67
cents per share.
    * Revenue rose 4.6% to $21.92 million from a year ago;
analysts
expected $22.39 million. 
    * First Internet Bancorp's reported EPS for the quarter was
59
cents​.
    * The company reported quarterly net income of $5.18
million.
    * First Internet Bancorp shares had fallen by 5.3% this
quarter and gained 36.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 46.6%
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." 
    * Wall Street's median 12-month price target for First
Internet
Bancorp is $35.00 

This summary was machine generated from LSEG data April 24 at
10:40 p.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
 Mar. 31 2024      0.54           0.59           Beat
 Dec. 31 2023      0.31           0.48           Beat
 Sep. 30 2023      0.36           0.39           Beat
 Jun. 30 2023      0.38           0.44           Beat