First Internet Bancorp reports results for the quarter ended June 30 - Earnings Summary

First Internet Bancorp

23/07/2025 22:50

First Internet Bancorp INBK.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 67 cents.  The mean expectation of five analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 17 cents to 48 cents per share.

Revenue rose 29.5% to $29.15 million from a year ago; analysts expected $29.73 million.

First Internet Bancorp's reported EPS for the quarter was 2 cents​.

The company reported quarterly net income of $193 thousand.

First Internet Bancorp shares had risen by 2.8% this quarter and lost 23.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 70% 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  "buy."

Wall Street's median 12-month price target for First Internet Bancorp is $30.00, about 7.8% above its last closing price of $27.66

This summary was machine generated from LSEG data July 23 at 09:50 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
Jun. 30 2025
0.29
0.02
Missed
Mar. 31 2025
0.76
0.11
Missed
Dec. 31 2024
0.92
0.83
Missed
Sep. 30 2024
0.84
0.80
Missed