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

First Internet Bancorp

25/10/2023 23:18

* First Internet Bancorp  INBK.OQ  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 36 cents per share.
    * Revenue fell 27.6% to $17.38 million from a year ago;
analysts
expected $19.92 million. 
    * First Internet Bancorp's reported EPS for the quarter was
39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.6%
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 4.3% this
quarter and lost 36.1% so far this year.
    * The company reported quarterly net income of $3.41
million.
    * Wall Street's median 12-month price target for First
Internet
Bancorp is $24.00 
    * 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
October 25 at 10:18 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.36           0.39           Beat
 Jun. 30 2023      0.38           0.44           Beat
 Mar. 31 2023      0.46           -0.14          Missed
 Dec. 31 2022      0.70           0.68           Missed