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Stock impact report

First Internet Bancorp Reports Third Quarter 2024 Results

First Internet Bancorp (INBK) 
Last first internet bancorp earnings: 4/22 04:52 pm Check Earnings Report
Company Research Source: Business Wire
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the third quarter ended September 30, 2024.Third Quarter 2024 Financial HighlightsNet income of $7.0 million, an increase of 21.0% from the second quarter of 2024Diluted earnings per share of $0.80, an increase of 19.4% from the second quarter of 2024Net interest income of $21.8 million and fully-taxable equivalent net interest income1 of $22.9 million, increases of 2.1% and 1.8%, respectively, from the second quarter of 2024Net interest margin of 1.62% and fully-taxable equivalent net interest margin1 of 1.70%, compared to 1.67% and 1.76%, respectively, for the second quarter of 2024Noninterest income of $12.0 million, a 9.0% increase from the second quarter of 2024Loan growth of $74.7 million, a 1.9% increase from the second quarter of 2024; Deposit growth of $523.8 million, a 12.3% in Show less Read more
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