Short interest for First Internet gives investors a sense of the degree to which investors are betting on the decline of First Internet's stock. Short interest data is updated every two weeks.

First Internet Stock (NASDAQ:INBK), Short Interest Report

First Internet

First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.

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Gainers


	NextPlay Technologies, Inc. (NASDAQ: NXTP) shares climbed 107.3% to close at $0.4138 on Thursday after the company announced its NextFintech division received commitment for a $15 million strategic investment.


Why Super Micro Computer Shares Jumped Over 10%; Here Are 73 Biggest Movers From Yesterday

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Intraday Update

U.S. stocks turned lower toward the end of trading, with the Dow Jones dropping more than 100 points on Thursday.

US Stocks Turn Lower; Dow Tumbles Over 100 Points

First Internet Bancorp

First Internet Bancorp - Fixed-to-Floating Rate Subordinated Notes Due 2029

<p>Piper Sandler  analyst Nathan Race   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Neutral and lowers the price target from $35 to $34.</p>


Price Target

Analyst Ratings

Piper Sandler Maintains Neutral on First Internet, Lowers Price Target to $34

<p>Keefe, Bruyette &amp; Woods  analyst Timothy Switzer   reiterates First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $34 to $36.</p>


Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on First Internet, Raises Price Target to $36

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.54 by 9.26 percent. This is a 11.32 percent increase over earnings of $0.53 per share from the same period last year.  The company reported quarterly sales of $29.081 million which beat the analyst consensus estimate of $22.387 million by 29.90 percent.  This is a 16.23 percent increase over sales of $25.020 million the same period last year.</p>


Earnings Beats

First Internet Q1 2024 Adj EPS $0.59 Beats $0.54 Estimate, Sales $29.081M Beat $22.387M Estimate

<p>Keefe, Bruyette &amp; Woods  analyst Michael Perito   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $29 to $34.</p>


Keefe, Bruyette & Woods Maintains Market Perform on First Internet, Raises Price Target to $34-Report Released on 25 January 2024

<p><strong>First Internet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:30 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>First Internet beat estimated earnings by 54.84%, reporting an EPS of $0.48 versus an estimate of $0.31.</p>
<p>Revenue was down $268 thousand from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.03 which was followed by a 9.81% increase in the share price the next day.</p>
<p>Here's a look at First Internet's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.36</td>
<td>0.38</td>
<td>0.46</td>
<td>0.70</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.39</td>
<td>0.44</td>
<td>0.53</td>
<td>0.68</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>19.92M</td>
<td>19.81M</td>
<td>22.17M</td>
<td>23.46M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>24.79M</td>
<td>24.02M</td>
<td>25.02M</td>
<td>27.48M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for First Internet <a href="https://www.benzinga.com/quote/INBK/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


First Internet: Q4 Earnings Insights

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.31 by 54.84 percent. This is a 29.41 percent decrease over earnings of $0.68 per share from the same period last year.  The company reported quarterly sales of $27.21 million which beat the analyst consensus estimate of $19.28 million by 41.12 percent.  This is a 0.98 percent decrease over sales of $27.48 million the same period last year.</p>


First Internet Q4 Adj $0.48 Beats $0.31 Estimate, Sales $27.21M Beat $19.28M Estimate

<p><strong>First Internet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that First Internet will report an <strong>earnings per share</strong> (EPS) of $0.31. </p>
<p>First Internet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.03, which was followed by a 9.81% increase in the share price the next day.</p>

<p><img src="https://www.benzinga.com/files/images/story/2024/1706036474_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of First Internet were trading at $27.16 as of January 22. Over the last 52-week period, shares are up 9.47%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/INBK/earnings"><strong>To track all earnings releases for First Internet visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


A Preview Of First Internet's Earnings

<p>By the close of today, January 16, 2024, <b>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>)</b> will issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.98%. Only those investors who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.</p>
<h3>First Internet Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
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        tr:nth-child(even) {
            background-color: #f2f4f8;
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        td:nth-child(3), td:nth-child(5) {
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            font-weight: bold;
            color: #0d6efd;
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        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-28</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.98%</td>
<td>2023-12-19</td>
<td>2023-12-29</td>
<td>2024-01-16</td>
</tr>
<tr>
<td>2023-09-28</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.37%</td>
<td>2023-09-19</td>
<td>2023-09-29</td>
<td>2023-10-16</td>
</tr>
<tr>
<td>2023-06-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.63%</td>
<td>2023-06-20</td>
<td>2023-06-30</td>
<td>2023-07-17</td>
</tr>
<tr>
<td>2023-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.26%</td>
<td>2023-03-21</td>
<td>2023-03-31</td>
<td>2023-04-17</td>
</tr>
<tr>
<td>2022-12-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.06%</td>
<td>2022-12-20</td>
<td>2022-12-30</td>
<td>2023-01-17</td>
</tr>
<tr>
<td>2022-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.65%</td>
<td>2022-09-20</td>
<td>2022-09-30</td>
<td>2022-10-17</td>
</tr>
<tr>
<td>2022-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.65%</td>
<td>2022-06-21</td>
<td>2022-07-01</td>
<td>2022-07-15</td>
</tr>
<tr>
<td>2022-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.51%</td>
<td>2022-03-21</td>
<td>2022-03-31</td>
<td>2022-04-18</td>
</tr>
<tr>
<td>2021-12-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.56%</td>
<td>2021-12-21</td>
<td>2021-12-31</td>
<td>2022-01-18</td>
</tr>
<tr>
<td>2021-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.79%</td>
<td>2021-09-20</td>
<td>2021-09-30</td>
<td>2021-10-15</td>
</tr>
<tr>
<td>2021-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.79%</td>
<td>2021-06-21</td>
<td>2021-07-01</td>
<td>2021-07-15</td>
</tr>
<tr>
<td>2021-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.62%</td>
<td>2021-03-16</td>
<td>2021-03-31</td>
<td>2021-04-15</td>
</tr>
</tbody>
</table>
<p>First Internet's dividend yield is on the lower end compared to its industry peers, with <b>LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>)</b> having a higher annualized dividend yield of 5.90%.</p>
<h3>Analyzing First Internet Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705417534_0.png" alt="dividend chart graph" /></p>
<p>The company has consistently maintained a dividend per share of $0.24 from 2020 to 2023. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.</p>
<h3>YoY Earnings Growth For First Internet</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705417534_1.png" alt="earning chart graph" /></p>
<p>Investors can observe a decrease in First Internet's earnings per share from $2.77 in 2020 to $2.04 in 2023. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of First Internet and its implications for shareholders. Presently, the company is distributing a dividend of $0.06 per share, leading to an annualized dividend yield of 0.98%.</p>
<p>First Internet's dividend yield is on the lower end compared to its industry peers, with LCNB having a higher annualized dividend yield of 5.90%.</p>
<p>Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent decrease in earnings per share for First Internet highlights a deteriorating financial status, potentially impacting the company's ability to share profits with its investors.</p>
<p>Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.</p>
<p>[Monitor live stock price updates for First Internet on Benzinga.](https://www.benzinga.com/quote/<b>First Internet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbk#NASDAQ">INBK</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

LCNB

Expanding Horizons: First Internet Navigating Uncertain Times with Dividend Adjustments

<p>Wednesday marks the last chance for investors to receive the next  dividend payout from <strong>First Internet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a quarterly dividend of 6 cents per share. On Thursday, First Internet will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 6 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own INBK as of the end of Wednesday's session are eligible to receive the 6 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on January 16, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on First Internet's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>


First Internet's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Offerings

First Internet Bancorp Files For Mixed Shelf Offering Of Up To $200M

<p>In addition, the Board of the Company has extended the term of the Company's existing stock repurchase program (the "Program") through December 31, 2024. The Program, which was previously set to expire on December 31, 2023, was announced in December 2022 and authorized the Company to acquire up to $25.0 million in shares of its common stock from time to time in the open market or in privately negotiated transactions. The Program does not obligate the Company to repurchase shares of its common stock, and there is no assurance that it will do so. Any repurchases are subject to compliance with applicable laws and regulations. Repurchases will be conducted in consideration of general market and economic conditions as well as the financial and regulatory condition of the Company and First Internet Bank. The Program may be modified, suspended or discontinued at any time.</p>


Buybacks

The Board Of First Internet Bancorp Extended The Term Of The Company's Existing Stock Repurchase Program Through Dec. 31, 2024

<p>Craig-Hallum  analyst George Sutton   upgrades First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) from Hold to Buy.</p>


Upgrades

Craig-Hallum Upgrades First Internet to Buy

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BPOP

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CATC

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Shares of broader financial stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

<p>Piper Sandler  analyst Nathan Race   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Neutral and lowers the price target from $19 to $18.</p>


Piper Sandler Maintains Neutral on First Internet, Lowers Price Target to $18

<p>Craig-Hallum  analyst George Sutton   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Hold and lowers the price target from $22 to $19.</p>


Craig-Hallum Maintains Hold on First Internet, Lowers Price Target to $19

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.36 by 8.33 percent. This is a 56.67 percent decrease over earnings of $0.90 per share from the same period last year.  The company reported quarterly sales of $24.79 million which beat the analyst consensus estimate of $19.92 million by 24.42 percent.  This is a 12.45 percent decrease over sales of $28.31 million the same period last year.</p>


First Internet Q3 EPS Adj $0.39 Beats $0.36 Estimate, Sales $24.79M Beat $19.92M Estimate

<p><strong>First Internet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-10-25. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that First Internet will report an <strong>earnings per share</strong> (EPS) of $0.36. </p>
<p>First Internet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.06, which was followed by a 3.32% increase in the share price the next day.</p>
<p>Here's a look at First Internet's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
<th><strong>Q3 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.38</td>
<td>0.46</td>
<td>0.70</td>
<td>1.13</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.44</td>
<td>0.53</td>
<td>0.68</td>
<td>0.90</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>3.32%</td>
<td>0.86%</td>
<td>-1.77%</td>
<td>-20.28%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1698181295_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of First Internet were trading at $15.63 as of October 23. Over the last 52-week period, shares are down 36.0%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/INBK/earnings"><strong>To track all earnings releases for First Internet visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For First Internet

<p>Wednesday marks the last chance for investors to receive the next  dividend payout from <strong>First Internet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a quarterly dividend of 6 cents per share. On Thursday, First Internet will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 6 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own INBK as of the end of Wednesday's session are eligible to receive the 6 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on October 16, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on First Internet's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>


Wednesday Is Your Last Chance To Buy First Internet Before The Dividend Payout

<p>Piper Sandler  analyst Nathan Race   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Neutral and raises the price target from $17 to $25.</p>


Piper Sandler Maintains Neutral on First Internet, Raises Price Target to $25

<p>Craig-Hallum  analyst George Sutton   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Hold and raises the price target from $18 to $22.</p>


Craig-Hallum Maintains Hold on First Internet, Raises Price Target to $22

First Internet Bancorp declares $0.06 dividend

First Internet Bancorp (INBK) has issued an update. First Internet Bancorp has announced a quarterly cash dividend of $0.06 per common share, signa...

First Internet Bancorp Declares Quarterly Cash Dividend

Top 10 best-performing bank stocks of 2024 as earnings results roll in

First Internet Bancorp GAAP EPS of $0.59 beats by $0.05, revenue of $29.08M beats by $6.85M

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<p><strong>First Internet</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/inbk-stock-quote/"><strong>INBK</strong></a></span>) just reported results for the first quarter of 2024.</p><ul><li>First Internet reported earnings per share of 59 cents. This was above the analyst estimate for EPS of 54 cents.</li><li>The company reported revenue of $29.08 million.</li><li>This was 29.88% better than the analyst estimate for revenue of $22.39 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/04/inbk-stock-earnings-first-internet-for-q1-of-2024/">INBK Stock Earnings: First Internet Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

INBK Stock Earnings: First Internet Beats EPS, Beats Revenue for Q1 2024

KBW analyst Michael Perito maintained a Hold rating on First Internet Bancorp (INBK – Research Report) yesterday and set a price target of $34.00. ...

KBW Sticks to Its Hold Rating for First Internet Bancorp (INBK)

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First Internet Stock (NASDAQ:INBK), Short Interest Report

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