Welcome to our dedicated page for First Internet B news (Ticker: INBK), a resource for investors and traders seeking the latest updates and insights on First Internet B stock.
First Internet Bancorp (NASDAQ: INBK) maintains this comprehensive news hub for investors and stakeholders tracking its digital banking operations. Access verified press releases and financial updates from the pioneering online institution offering commercial lending solutions and retail banking services nationwide.
This resource consolidates all essential announcements including quarterly earnings reports, leadership changes, product launches, and regulatory developments. Users will find detailed information on commercial real estate financing initiatives, treasury management innovations, and consumer banking updates from the branchless financial services provider.
The curated collection features strategic partnership announcements, capital market activities, and technology implementations that drive INBK's internet-based banking model. Bookmark this page for immediate access to filings detailing the company's single tenant lease financing progress, deposit product enhancements, and risk management framework developments.
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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