First Internet Bancorp Reports First Quarter 2020 Results

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Go back to First Internet Bancorp Reports First Quarter 2020 Results

First Internet Bancorp (INBK) Tops Q1 EPS by 7c, Revenues Beat

April 22, 2020 4:55 PM EDT

First Internet Bancorp (NASDAQ: INBK) reported Q1 EPS of $0.62, $0.07 better than the analyst estimate of $0.55. Revenue for the quarter came in at $21.2 million versus the consensus estimate of $16.18 million.

Highlights for the first quarter include:

Diluted earnings per share of $0.62, an increase of 10.7% over first quarter of 2019Net income of $6.0 million, an increase of 5.7% over first quarter of 2019Total revenue of $21.2 million, an increase of 14.0% over first quarter of 2019, driven by strong mortgage banking activityTotal... More