First Internet Bancorp (INBK) Tops Q1 EPS by 5c

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First Internet Bancorp Reports First Quarter 2019 Results

April 24, 2019 4:15 PM EDT

Highlights for the first quarter include:

Diluted earnings per share of $0.56, increases of 60.0% over the fourth quarter of 2018 as reported and 5.7% after adjusting for a write-down of OREO in the prior quarter Net income of $5.7 million, increases of 59.3% over the fourth quarter of 2018 as reported and 3.8% over results adjusted for the write-down Net interest income of $16.2 million, an increase of 5.3% from the fourth quarter of 2018 Total loans increased $123.7 million, or 4.6%, from December 31, 2018 and $630.5 million, or 28.5%, from March 31, 2018... More