First Internet Bancorp (INBK) Tops Q1 EPS by 23c

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Go back to First Internet Bancorp (INBK) Tops Q1 EPS by 23c

 First Internet Bancorp Reports First Quarter 2022 Results

April 20, 2022 4:15 PM EDT

Highlights for the first quarter include:

Quarterly net income of $11.2 million, compared to $12.5 million for the fourth quarter of 2021 and $10.5 million for the first quarter of 2021 Quarterly diluted earnings per share of $1.14, compared to $1.25 for the fourth quarter of 2021 and $1.05 for the first quarter of 2021 Quarterly adjusted net income of $12.0 million, or $1.22 per diluted share, when excluding nonrecurring consulting fees and acquisition-related expenses Total quarterly revenue of $32.6 million, a 4.4% increase from the fourth quarter of 2021 and a 12.7% increase from the first quarter of 2021 Net interest margin... More