First Internet Bancorp (INBK) to Release Quarterly Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBKGet Free Report) is projected to announce its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.92 per share and revenue of $24,875.00 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

First Internet Bancorp (NASDAQ:INBKGet Free Report) last released its earnings results on Wednesday, October 23rd. The bank reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $87.02 million during the quarter, compared to analysts’ expectations of $32.50 million. First Internet Bancorp had a net margin of 6.92% and a return on equity of 6.06%. During the same quarter in the previous year, the company earned $0.39 EPS. On average, analysts expect First Internet Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Internet Bancorp Price Performance

INBK opened at $35.48 on Tuesday. The stock has a fifty day moving average of $38.43 and a 200-day moving average of $35.96. The firm has a market capitalization of $307.61 million, a P/E ratio of 13.97 and a beta of 0.73. First Internet Bancorp has a 12-month low of $23.30 and a 12-month high of $43.26. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61.

First Internet Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.06 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%. First Internet Bancorp’s payout ratio is currently 9.45%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price on First Internet Bancorp from $41.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Check Out Our Latest Stock Analysis on INBK

About First Internet Bancorp

(Get Free Report)

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.

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Earnings History for First Internet Bancorp (NASDAQ:INBK)

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