First Internet Bancorp (INBK) Tops Q4 EPS by 27c

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Go back to First Internet Bancorp (INBK) Tops Q4 EPS by 27c

First Internet Bancorp Reports Fourth Quarter and Full Year 2020 Results

January 20, 2021 4:28 PM EST

Highlights for the fourth quarter and full year 2020 include:

Record annual net income and diluted earnings per share of $29.5 million and $2.99, respectively Record quarterly net income of $11.1 million, compared to $8.4 million for the third quarter of 2020 and $7.1 million for the fourth quarter of 2019 Record quarterly diluted earnings per share of $1.12, up 30.2% over the third quarter of 2020 and 55.6% over the fourth quarter of 2019 Total quarterly revenue of $31.5 million, a 9.7% increase from the third quarter of 2020 and a 51.7% increase from the fourth quarter of 2019 Net interest margin and... More