First Internet Bancorp (INBK) Tops Q1 EPS by 10c

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Go back to First Internet Bancorp (INBK) Tops Q1 EPS by 10c

First Internet Bancorp Reports First Quarter 2021 Results

April 21, 2021 4:28 PM EDT

Highlights for the first quarter include:

Net income of $10.5 million, an increase of 73.6% over the first quarter of 2020 Diluted earnings per share of $1.05, an increase of 69.4% over the first quarter of 2020 Total quarterly revenue of $28.9 million, an increase of 36.1% over the first quarter of 2020 Net interest margin and fully-taxable equivalent net interest margin increased 26 and 27 basis points (bps), respectively, from the fourth quarter of 2020, driven by a 17 bp decrease in the cost of interest-bearing deposits

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