First Internet Bancorp Reports Third Quarter 2019 Results

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Go back to First Internet Bancorp Reports Third Quarter 2019 Results

First Internet Bancorp (INBK) Tops Q3 EPS by 2c, Revenues Beat

October 23, 2019 4:46 PM EDT

First Internet Bancorp (NASDAQ: INBK) reported Q3 EPS of $0.63, $0.02 better than the analyst estimate of $0.61. Revenue for the quarter came in at $20.8 million versus the consensus estimate of $16.78 million.

Highlights for the third quarter include:

Diluted earnings per share of $0.63, an increase of 5.0% from the second quarterRecord quarterly net income of $6.3 million, an increase of 3.3% from the second quarterTotal revenue of $20.8 million, a 6.4% increase from the second quarter driven by increased mortgage banking activityCompleted the stock repurchase program purchasing 274,658 shares during the quarter at an average price of $20.57 per... More