First Internet: Q3 Earnings Insights

Shares of First Internet INBK remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share rose 63.49% year over year to $1.03, which beat the estimate of $0.41.

Revenue of $28,727,000 higher by 38.10% from the same period last year, which beat the estimate of $16,530,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

First Internet hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $28.50

Company's 52-week low was at $10.47

Price action over last quarter: Up 18.23%

Company Profile

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.