First Internet Bancorp (INBK) Tops Q2 EPS by 7c, Revenues Beat

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Go back to First Internet Bancorp (INBK) Tops Q2 EPS by 7c, Revenues Beat

First Internet Bancorp Reports Second Quarter 2020 Results

July 22, 2020 4:54 PM EDT

Highlights for the second quarter include:

Total revenue of $19.4 million, net income of $3.9 million and diluted earnings per share of $0.40 Cost of interest-bearing deposits decreased 30 bps from the first quarter Accelerated SBA platform build-out through further sales and operations hires As of July 17, 2020, loan balances of $365.8 million, or 12.6% of total loans, remained on deferral programs, down from a peak of $647.2 million, or 22.4%, in late May

FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bancorp (the Company) (Nasdaq: INBK), the... More