First Internet Bancorp (NASDAQ:INBK) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, INBK is expected to report 2Q20 income of $ 0.33 per share from revenue of $ 15.89 million.
For the full year, analysts anticipate top line of $ 64.51 million, while looking forward to income of $ 1.75 per share bottom line.
Previous Quarter Performance
First Internet Bancorp disclosed income for the first quarter of $ 0.62 per share, from the revenue of $ 21.23 million. The quarterly earnings boosted 10.71 percent while revenues hiked 30.73 percent compared with the same quarter last year.
According to street consensus, INBK was expected to report 1Q20 income of $ 0.55 per share from revenue of $ 16.18 million. The bottom line results beat street analysts by $ 0.07 or 12.73 percent, at the same time, top line results outshined analysts by $ 5.05 million or 31.21 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of First Internet Bancorp
Stock Performance
According to the previous trading day, closing price of INBK was $ 15.70, representing a 49.95 % increase from the 52 week low of $ 10.47 and a 44.91 % decrease over the 52 week high of $ 28.50.
The company has a market capital of $ 153.89 million and is part of the Financial Services sector and Banks – Regional – US industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”INBK” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
First Internet Bancorp operates as a bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services in the United States. The company offers savings and money market accounts, non-interest bearing and interest-bearing demand deposits, brokered deposit accounts, and certificates of deposit. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, residential mortgage, term, small installment, home improvement, home equity, and other consumer loans, as well as single tenant lease financing, public and healthcare finance, lines of credit, and letters of credit to individuals and commercial customers.
