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

First Internet Bancorp

19/10/2022 22:01

* First Internet Bancorp  INBK.OQ  reported quarterly
adjusted
earnings of 89 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of $1.13 per share.
    * Revenue rose 7.7% to $23.99 million from a year ago;
analysts
expected $27.67 million. 
    * First Internet Bancorp's reported EPS for the quarter was
89
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * First Internet Bancorp shares had fallen by 4.9% this
quarter and lost 31.6% so far this year.
    * The company reported quarterly net income of $8.44
million.
    * Wall Street's median 12-month price target for First
Internet
Bancorp is $42.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
19 at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.13           0.89           Missed
 Jun. 30 2022      1.12           0.99           Missed
 Mar. 31 2022      0.99           1.14           Beat
 Dec. 31 2021      1.17           1.30           Beat