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 (INBK) is a Nasdaq-listed bank holding company for First Internet Bank, which opened in 1999 as an industry pioneer in the branchless delivery of banking services. News about INBK often centers on its financial performance, capital actions, and developments in its digital banking operations.
Investors following INBK news can find updates on quarterly and annual financial results, including earnings releases that the company announces through press releases and accompanying conference calls and webcasts. These items are frequently furnished in Form 8-K filings and provide detail on revenue, net interest margin, asset quality, capital ratios, and other performance metrics, as well as management commentary on business trends.
Company news also covers balance sheet and portfolio actions. For example, First Internet Bancorp has announced an agreement to sell a substantial portfolio of performing single tenant lease financing loans to entities affiliated with Blackstone Real Estate Debt Strategies, along with related servicing arrangements. Such releases describe the expected impact on regulatory capital ratios, balance sheet flexibility, and exposure to specific loan types.
First Internet Bank-related news includes product and partnership announcements that reflect its digital banking focus. These have included recognition for its Do More Business Checking account, the availability of Zelle for eligible business customers through its digital banking platform, and partnerships with financial technology and payments companies in areas such as SBA lending and multi-user consumer financial accounts. Together, these updates give insight into how the bank develops and delivers its consumer, small business, and commercial banking services.
By reviewing the INBK news feed, readers can monitor earnings announcements, dividend declarations, loan portfolio transactions, stock repurchase authorizations, and product or technology partnerships that the company discloses through press releases and regulatory communications.
First Internet Bancorp (INBK) has announced it will release its fourth quarter 2024 financial results after market close on Wednesday, January 22, 2025. The company will host a conference call and webcast to discuss these results on Thursday, January 23, 2025, at 2:00 p.m. Eastern Time.
Investors can access the conference call through multiple channels: U.S. toll-free (1-800-549-8228), U.S. toll (1-646-564-2877), or international toll (1-289-819-1520) using Conference ID 28199. A replay will be available for one week until January 30, 2025. The presentation slides and webcast will be accessible through the company's website and will remain 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 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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