|Over a week ago|
First Internet Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott » 07:4411/1011/10/20
Janney Montgomery Scott…
Janney Montgomery Scott analyst John Rodis downgraded First Internet Bancorp to Neutral from Buy.
|Over a month ago|
First Internet Bancorp reports Q3 adjusted EPS $1.03, consensus 41c » 16:1510/2110/21/20
Reports Q3 revenue…
Reports Q3 revenue $28.7M, consensus $16.53M. "We generated record net income in the quarter, driven by very strong revenue growth, an improvement in net interest margin, and moderate loan growth. We are very pleased with our ability to navigate the challenges imposed by the pandemic and deliver for our customers and shareholders," said David Becker, Chairman, President and Chief Executive Officer. "Additionally, we continued to experience a significant reduction in loan deferrals, and by quarter-end, over 99% of our borrowers who needed payment relief early in the pandemic had resumed making payments. We are proud to support our customers in their time of need and are glad that nearly all have been able to return to their normal payment schedules in such short order."
|Over a quarter ago|
Janney upgrades First Internet Bancorp to Buy following Q2 earnings » 09:2207/2407/24/20
As previously reported,…
As previously reported, Janney Montgomery Scott analyst John Rodis upgraded First Internet Bancorp to Buy from Neutral with a $19 fair value estimate after raising his FY20 and FY21 EPS estimates following the company's Q2 report. Credit quality remains "solid" and early loan deferral trends are "encouraging," said Rodis, who cites valuation for his change in rating.
First Internet upgraded to Buy from Neutral at Janney Montgomery Scott » 05:4507/2407/24/20
Janney Montgomery Scott…
Janney Montgomery Scott analyst John Rodis upgraded First Internet Bancorp to Buy from Neutral with a $19 price target.
First Internet Bancorp reports Q2 EPS 40c, consensus 33c » 16:5607/2207/22/20
Reports Q2 revenue…
Reports Q2 revenue $19.4M, consensus $15.89M. Net interest margin was 1.37% for the second quarter, compared to 1.50% for the first quarter of and 1.73% for the second quarter of 2019. On a fully-taxable equivalent basis, NIM decreased 15 bps to 1.50% for the second quarter, from 1.65% for the first quarter, and was down 41 bps from 1.91% for the second quarter of 2019. The decrease in fully-taxable equivalent NIM compared to the linked quarter was due mainly to the decline in loan yields, which had a negative impact of 24 bps, as well as lower yields earned on securities and cash balances, which each had a negative impact of 7 bps. These were partially offset by deposit costs, which had a positive impact of 23 bps.
First Internet Bancorp reports Q1 EPS 62c, consensus 55c » 16:5204/2204/22/20
Reports Q1 revenue…
Reports Q1 revenue $16.18M, consensus $21.2M. "The current public health crisis confronting our country has required a dramatic shift in our operations as well as in those of our customers," said David Becker, Chairman, President and Chief Executive Officer. "Our most important priority in this unprecedented environment is the health of our team, customers and shareholders."
First Internet Bancorp reports Q4 EPS 72c, consensus 57c » 16:2901/2201/22/20
Reports Q4 revenue…
Reports Q4 revenue $20.8M, consensus $16.35M. "First Internet Bancorp produced strong 2019 results, highlighted by record annual net income that was driven by full-year revenue growth of 12%, well-managed expenses and disciplined balance sheet management," said David Becker, Chairman, President and Chief Executive Officer. "We generated strong production in both commercial and consumer loans, particularly in a number of our specialty lending areas, including single-tenant lease financing, healthcare finance and horse trailer and recreational vehicle lending. Additionally, we capitalized on the lower interest rate environment to drive strong origination growth in our direct-to-consumer mortgage business.
First Internet Bancorp resumed with a Buy at Craig-Hallum » 08:4612/2312/23/19
Craig-Hallum analyst George Sutton resumed coverage of First Internet Bancorp with a Buy rating and $33 price target. The analyst likes the combination of focused growth, tremendous scale and the new tailwind created by the lower funding environment.