First Internet Bancorp reports results for the quarter ended in September 30 - Earnings Summary
24/10/2024 04:14
* First Internet Bancorp INBK.OQ reported quarterly
adjusted
earnings of 80 cents per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 39 cents. The mean expectation of five analysts
for the quarter was for earnings of 84 cents per share. Wall
Street expected results to range from 81 cents to 86 cents per
share.
* Revenue rose 16.7% to $21.77 million from a year ago;
analysts
expected $23.50 million.
* First Internet Bancorp's reported EPS for the quarter was
80
cents.
* The company reported quarterly net income of $6.99
million.
* First Internet Bancorp shares had risen by 7.2% this
quarter and
gained 51.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 0.5%
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 41.00
This summary was machine generated from LSEG data October 24 at
03:14 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
Sep. 30 2024 0.84 0.80 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