First Internet Bancorp (NASDAQ:INBK) Announces Earnings Results, Misses Estimates By $0.10 EPS

First Internet Bancorp (NASDAQ:INBK) posted its quarterly earnings data on Tuesday. The bank reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.10), MarketWatch Earnings reports. First Internet Bancorp had a net margin of 19.65% and a return on equity of 10.92%.

First Internet Bancorp stock traded down $0.26 during midday trading on Thursday, reaching $31.14. The company’s stock had a trading volume of 3 shares, compared to its average volume of 43,343. First Internet Bancorp has a fifty-two week low of $13.99 and a fifty-two week high of $41.55. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.70. The company’s 50 day simple moving average is $32.47. The company has a market capitalization of $306.73 million, a price-to-earnings ratio of 9.15 and a beta of 0.81.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Thursday, July 1st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, June 30th. First Internet Bancorp’s dividend payout ratio (DPR) is currently 7.59%.

Separately, Zacks Investment Research lowered shares of First Internet Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 22nd.

First Internet Bancorp Company Profile

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accept non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit.

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Earnings History for First Internet Bancorp (NASDAQ:INBK)

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