First Internet Bancorp Reports Second Quarter 2019 Results

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Go back to  First Internet Bancorp Reports Second Quarter 2019 Results

First Internet Bancorp (INBK) Tops Q2 EPS by 2c, Revenues Beat

July 24, 2019 4:47 PM EDT

First Internet Bancorp (NASDAQ: INBK) reported Q2 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $19.6 million versus the consensus estimate of $17.35 million.

Diluted earnings per share of $0.60, an increase of 7.1% from the first quarterNet income of $6.1 million, an increase of 7.5% from the first quarterTotal revenue of $19.6 million, a 5.1% increase from the first quarter driven by increased mortgage banking activitySignificant balance sheet management activities, including $148.4 million of loan sales and sales of $30.6 million of... More