Welcome to our dedicated page for First Internet Bancorp news (Ticker: INBK), a resource for investors and traders seeking the latest updates and insights on First Internet Bancorp stock.
First Internet Bancorp (symbol: INBK) operates as the holding company for First Internet Bank of Indiana, delivering a blend of commercial and retail banking products across the United States. Established to cater to modern banking needs, the company offers a wide array of services including savings and money market accounts, non-interest and interest-bearing demand deposits, brokered deposit accounts, and certificates of deposit.
First Internet Bancorp specializes in providing a diverse range of loan products designed to meet individual and business needs. This encompasses commercial and industrial loans, commercial real estate loans (both owner-occupied and investor-owned), construction loans, and residential mortgage loans. Additionally, the bank offers home equity loans, small installment loans, home improvement loans, and various other consumer loans. For businesses, the bank provides single tenant lease financing and has a strong presence in public and healthcare finance.
First Internet Bancorp's commitment extends to offering municipal securities and municipal lending and leasing products to government entities, underlining its role as a versatile financial institution. The bank also provides a suite of corporate services including corporate credit cards and treasury management services.
Known for its innovative approach, First Internet Bancorp operates entirely online, without any physical branches. This digital-first strategy enables it to efficiently serve a nationwide customer base while minimizing overhead costs. The company's operations are structured into a single segment known as the Commercial Banking segment, which consolidates its diverse offerings and streamlines its service delivery.
With a keen focus on customer satisfaction and financial stability, First Internet Bancorp continues to evolve and expand its services, ensuring it meets the ever-changing demands of the financial landscape.
First Internet Bancorp (Nasdaq: INBK) has announced a quarterly cash dividend of $0.06 per common share. The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024. The Board of Directors retains sole discretion over future dividend declarations, which will be determined based on various factors including operational results, financial condition, capital requirements, regulatory restrictions, and business strategy.
First Internet Bancorp (INBK) reported strong Q3 2024 results with net income of $7.0 million, up 21.0% from Q2 2024. Diluted EPS increased 19.4% to $0.80. Net interest income grew 2.1% to $21.8 million, while noninterest income rose 9.0% to $12.0 million. The company saw loan growth of $74.7 million (1.9%) and deposit growth of $523.8 million (12.3%). Asset quality metrics remained solid with nonperforming loans at 0.56% of total loans and net charge-offs at 0.15%. The tangible book value per share increased 3.6% to $43.89.
First Internet Bancorp (Nasdaq: INBK) has announced plans to release its third quarter 2024 financial results after market close on Wednesday, October 23, 2024. The company will host a conference call and webcast to discuss these results on Thursday, October 24, 2024, at 2:00 p.m. Eastern Time.
Interested parties can access the conference call via telephone using the following numbers:
- U.S. toll-free: 1-888-259-6580
- U.S. toll: 1-206-962-3782
- International: 1-416-764-8624
A replay of the call will be available until November 24, 2024. The webcast and presentation slides will be accessible on the company's website at www.firstinternetbancorp.com and will be archived for 12 months.
First Internet Bancorp (Nasdaq: INBK) has announced a quarterly cash dividend of $0.06 per common share. The dividend is set to be paid on October 15, 2024, to shareholders of record as of September 30, 2024. This decision was made by the company's Board of Directors, who retain sole discretion over future dividend declarations. The Board will consider various factors when determining future dividends, including financial performance, capital requirements, and regulatory restrictions.
First Internet Bancorp (INBK) reported strong Q2 2024 results, with net income of $5.8 million and adjusted net income of $6.2 million, up 11.5% and 20.2% respectively from Q1 2024. Diluted EPS reached $0.67, while adjusted diluted EPS was $0.72. The company saw improvements in net interest income, noninterest income, and loan growth. Key highlights include:
- Net interest margin increased to 1.67%
- Noninterest income grew 32.2% to $11.0 million
- Loan growth of $51.3 million, up 1.3% from Q1 2024
- Nonperforming loans to total loans at 0.33%
- Tangible book value per share increased to $42.37
The company's diversified revenue base and optimization of its loan portfolio contributed to the strong performance. SBA business growth and strategic initiatives drove improvements in noninterest income.
First Internet Bancorp (Nasdaq: INBK), the parent company of First Internet Bank, will release its Q2 2024 financial results on July 24, 2024, after the market closes.
Following the release, a conference call and webcast will be held on July 25, 2024, at 2:00 p.m. Eastern Time to discuss the results. Investors and analysts can join the call using the provided toll-free and toll numbers along with the conference ID. A replay of the call will be available until August 25, 2024.
The webcast and presentation slides will be accessible on the company's website and archived for 12 months.
First Internet Bancorp (Nasdaq: INBK) has announced a quarterly cash dividend of $0.06 per common share. The dividend will be paid on July 15, 2024, to shareholders recorded by June 28, 2024. The company's Board of Directors retains the discretion to alter future dividends based on various factors, including operational results, financial health, and capital needs.
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