[WizardWizard55]

INBK, or First Internet Bancorp, is a financial institution offering online banking services.<a href="https://www.thetripleplay.net/fastest-internet-provider.php">Fastest Internet Provider near me</a> Based in the United States, it provides a range of banking products and services, including savings accounts, checking accounts, loans, and mortgages. With a focus on digital innovation and customer convenience, INBK aims to provide accessible and efficient banking solutions to its customers.

[56Chevy]

Marker:
First Internet Banco (INBK)
$18.61 -4.27 (-18.66%)
Volume 63,137

*Post Silicon Valley bank collapse

[56Chevy]

Marker;

First Internet Banco (INBK)
$44.68 up 0.26 (0.59%)
Volume: 27,619

*All-time highs

.

[56Chevy]

Marker:
First Internet Banco (INBK)
$31.30 up 0.28 (0.90%)
Volume: 4,804

[56Chevy]

First Internet Bancorp Reports Fourth Quarter and Full Year 2020 Results


Business Wire

Highlights for the fourth quarter and full year 2020 include:

· Record annual net income and diluted earnings per share of $29.5 million and $2.99, respectively

· Record quarterly net income of $11.1 million, compared to $8.4 million for the third quarter of 2020 and $7.1 million for the fourth quarter of 2019

·Record quarterly diluted earnings per share of $1.12, up 30.2% over the third quarter of 2020 and 55.6% over the fourth quarter of 2019

·Total quarterly revenue of $31.5 million, a 9.7% increase from the third quarter of 2020 and a 51.7% increase from the fourth quarter of 2019

·Net interest margin and fully-taxable equivalent net interest margin increased 25 and 24 basis points (“bps”), respectively, from the third quarter, driven by a 22 bp decrease in the cost of interest-bearing deposits

As of December 31, 2020, total shareholders’ equity was $330.9 million, an increase of $12.8 million, or 4.0%, compared to September 30, 2020, due primarily to the net income earned during the quarter and a decrease in accumulated other comprehensive loss. Book value per common share increased to $33.77 as of December 30, 2020, up from $32.46 as of September 30, 2020 and $31.30 as of December 31, 2019. Tangible book value per share increased to $33.29, up from $31.98 and $30.82, each as of the same reference dates.

Marker:
First Internet Banco (INBK)
$35.80 up 1.7 (5.26%)
Volume: 71,264

*This bank is a $4.2Billion dollar bank in assets and sells just a touch over 1XP/B...I see value.

[56Chevy]

Marker:

First Internet Banco (INBK)
$31.37 up 1.17 (3.87%)
Volume: 17,801


* Up a whopping 67% since my last post < 3 months ago..and a staggering 100% move up in < 6 months!. Those are HUGE moves for a bank.!

[whytestocks]

Just In: $INBK First Internet Bancorp (INBK) Q3 2020 Earnings Call Transcript

Image source: The Motley Fool. First Internet Bancorp (NASDAQ: INBK) Q3 2020 Earnings Call Oct 22, 2020 , 12:00 p.m. ET Operator Continue reading For further details see: First Internet Bancorp (INBK) Q3 2020 Earnings Call Transcript

Got this from INBK - First Internet Bancorp (INBK) Q3 2020 Earnings Call Transcript

[56Chevy]

First Internet Bancorp Reports Third Quarter 2020 Results
October 21 2020 - 04:14PM

Highlights for the third quarter include:

-Record quarterly net income of $8.4 million, and adjusted net income of $10.0 million when excluding a $2.1 million pre-tax write-down of legacy other real estate owned (“OREO”)

-Record quarterly diluted earnings per share of $0.86 and $1.03 adjusted diluted earnings per share, excluding the OREO write-down

-Total revenue of $28.7 million, a 48.1% increase from the second quarter, driven by record mortgage banking revenue, higher net interest income and increased SBA loan sales

-Net interest margin and fully-taxable equivalent net interest margin increased 16 and 17 basis points (“bps”), respectively, from the second quarter, driven by a 43 bp decrease in the cost of interest-bearing deposits

-As of October 16, 2020, loan balances of $20.8 million, or 0.7% of total loans, remained on deferral programs, down significantly from $365.8 million on July 17, 2020

Source:
https://ih.advfn.com/stock-market/NASDAQ/first-internet-bancorp-INBK/stock-news/83507871/first-internet-bancorp-reports-third-quarter-2020

First Internet Banco (INBK)
$20.95 up 3.36 (19.10%)
Volume: 19,651

BV: $32
MV: $21

P/B: 0.65%


* this bank remains "on sale".

.

[56Chevy]

Marker:

First Internet Banco (INBK)
$17.32 down -0.32 (-1.81%)
Volume: 3,866

[56Chevy]

Marker:
First Internet Banco (INBK)
$15.76 down -1.94 (-10.96%)
Volume: 10,312

*Marker indicative amidst COVID -19 market chaos.

[56Chevy]

Marker:
First Internet Banco (INBK)
$24.24 up 0.76 (3.24%)
Volume: 8,577

[56Chevy]

Marker:
First Internet Banco (INBK)
$21.54 up 1.64 (8.24%)
Volume: 105,639

[56Chevy]

Marker:
First Internet Banco (INBK)
$25.64 up 0.81 (3.26%)
Volume: 22,140

*After a year long slide the bank imo is once again back on the bargain rack.

[56Chevy]

Marker:
First Internet Banco (INBK)
$37.25 up 1.1 (3.04%)
Volume: 29,321

[56Chevy]

Marker:
First Internet Banco (INBK)
$40.65 up 1.05 (2.65%)
Volume: 33,806

[56Chevy]

Marker:
First Internet Banco (INBK)
$34.55 up 0.05 (0.14%)
Volume: 44,989

*Approaching a 5 year high.

[56Chevy]

Marker:
First Internet Banco (INBK)
$29.05 up 0.4 (1.40%)
Volume: 6,240

[56Chevy]

Marker;
First Internet Banco (INBK)
$33.00 up 2.0 (6.45%)
Volume: 46,915

*INBK is up 10% in the last 2 days. Ebanking is gaining traction rapidly. Consider the comparison to another "e" company like Amazon who is also experiencing robust organic growth.

Amazon.com, Inc. AMZN generated record sales during this year’s holiday season, primarily led by its devices strategy.

The leader wrestled market share from rivals such as Wal-Mart WMT, Best Buy BBY and Apple AAPL this holiday season.

More than 72% of Amazon’s customers worldwide shopped through mobiles. Worldwide shopping on the free Amazon mobile app increased 56%.

http://finance.yahoo.com/news/amazon-holiday-season-sales-turn-145302234.html

** I realise one of these company's is a retailer and one is a bank ...not exactly apples & oranges here.. these are 2 very different ships but their success is tied to the same dock.

[56Chevy]

Marker:
First Internet Banco (INBK)
$30.00 up 0.95 (3.27%)
Volume: 31,022

[56Chevy]

Marker:
First Internet Banco (INBK)
$29.40 up 0.15 (0.51%)
Volume: 16,324

[56Chevy]

Quarterly Report (10-q)

Date : 05/04/2016 @ 5:01PM
Source : Edgar (US Regulatory)
Stock : First Internet Bancorp (MM) (INBK)
Quote : $25.64 0.43 (1.71%) @ 1:22PM

http://ih.advfn.com/p.php?pid=nmona&article=71359308&symbol=INBK

TBV: $23.98
P/B: 1.07

[56Chevy]

And the beat goes on!

First Internet Banco (INBK)
$36.35 up 1.94 (5.64%)
Volume: 19,738

[56Chevy]

*52 week high

Marker:
First Internet Bancorp (INBK)
$ 33.50 up 1.5101 (4.72%)
Volume: 26,771

[56Chevy]

Marker:
First Internet Banco (INBK)
$31.71 up 3.9899 (14.39%)
Volume: 31,339

*Remarkable performance ..a double in 6 months!

[56Chevy]

Marker:
First Internet Banco (INBK)
$25.34 up 1.58 (6.65%)
Volume: 20,154

[56Chevy]

Marker:
First Internet Banco (INBK)
$24.239 up 0.2889 (1.21%)
Volume: 4,268

* ...now up 34% over the last 3 months.

[56Chevy]

Quarterly Report (10-q)

Date : 05/07/2015 @ 5:35PM
Source : Edgar (US Regulatory)
Stock : First Internet Bancorp (MM) (INBK)
Quote : $23.50 0.0 (0.00%) @ 5:20PM

[....]

During the first quarter 2015, net income was $2.1 million, or $0.46 per diluted share, compared to first quarter 2014 net income of $0.6 million, or $0.13 per diluted share. The increase in net income of $1.5 million, or 243.8%, was due to increases in net interest income and noninterest income, partially offset by increases in the provision for loan losses and noninterest expense. Return on average assets (ROA) and return on average shareholders’ equity (ROE) were 0.84% and 8.55%, respectively, for the first quarter 2015 compared to 0.30% and 2.64%, respectively, for the first quarter 2014.

[....]

http://ih.advfn.com/p.php?pid=nmona&article=66760051

O/S: 4,484,513

Equity: $99.362MM

BV: $22.15

EPS: .46

Dividend: .06

No Preferred shares outstanding

*value and growth found all in one!.

[56Chevy]

Marker:
First Internet Bancorp (INBK)
$23.85 up 1.11 (4.88%)
Volume: 14,026

[Vegas Matt]

INBK First Internet Bancorp's 254% EPS-Growth Quarter
http://seekingalpha.com/article/3110466-first-internet-bancorps-254-percent-eps-growth-quarter?auth_param=6ojk:1ak1ud7:2deef00f5410158932713491d2947a46&uprof=45



In 1Q15, revenue grew 55.6% YoY, driven by 39.2% growth in net interest income and 108.3% growth in non-interest income.
Mortgage banking revenue grew 220.7% YoY.
Net income grew 244%, while EPS diluted grew 254%.
Efficiency ratio, now at 63.1%, has improved a combined 2,220 bps in the past four quarters (2Q14-1Q15). ROAE has improved to 8.55% in the quarter.
The company might deliver two more quarters of triple-digit growth or near-triple-digit EPS growth.

[56Chevy]

Marker;
First Internet Banco (INBK)
$21.72 up 1.075 (5.21%)
Volume: 77,560

*Up 33% in 2015.

[56Chevy]

"...tangible book value per share increased to $21.11 from $20.74 as of December 31, 2014".

First Internet Banco (INBK)
$20.24 up 1.592 (8.54%)
Volume: 64,190

*It would not be out of range to see this bank sell at 1.5X ~ 2X P/B.

[Vegas Matt]

could be looking pretty good here
I have owned it awhile
just not followed by many so far...

There has to be some large old school brick n' mortar bank out there looking at INBK and wanting to bolt it onto their lineup of services. E-banking is here to stay and a bank like First Internet is proving they are the future.

I think INBK has to be considered a target bank.

[56Chevy]

"...tangible book value per share increased to $21.11 from $20.74 as of December 31, 2014".

MV is: $18.66

P/TB is 0.88...or 12% discount to TBV.

The bank continues to organically grow at the unreal pace of $13.8MM assets @ month! They blow past their previous quarterly performances with impressive % gains.

Now over $1 Billion in assets under management.

There has to be some large old school brick n' mortar bank out there looking at INBK and wanting to bolt it onto their lineup of services. E-banking is here to stay and a bank like First Internet is proving they are the future.

I think INBK has to be considered a target bank.

Marker:
First Internet Banco (INBK)
$18.66 up 0.12 (0.65%)
Volume: 30,035

[Vegas Matt]

Breaking: INBK Earnings
SA Breaking News Team

First Internet Bancorp beats by $0.14, beats on revenue • 5:09 PM
Jignesh Mehta, SA News Editor

First Internet Bancorp (NASDAQ:INBK): Q1 EPS of $0.46 beats by $0.14.
NII of $6.77M (+39.0% Y/Y) beats by $0.17M
Press Release

http://seekingalpha.com/pr/13253806-first-internet-bancorp-reports-record-quarterly-net-income?app=n


First Internet Bancorp Reports Record Quarterly Net Income
Thu April 23, 2015 4:10 PM|Business Wire | About: INBK


Quarterly earnings per share of $0.46, up 43.8% from fourth quarter 2014 and up 253.8% from first quarter 2014

INDIANAPOLIS--(BUSINESS WIRE)-- First Internet Bancorp (INBK), the parent company of First Internet Bank (www.firstib.com), a premier nationwide provider of online retail banking services and commercial banking services, announced today financial and operational results for the first quarter 2015.

First quarter net income was a record $2.1 million and diluted earnings per share were $0.46. This compares with fourth quarter 2014 net income of $1.5 million and diluted earnings per share of $0.32 and first quarter 2014 net income of $0.6 million and diluted earnings per share of $0.13.

David Becker, Chairman, President and Chief Executive Officer, commented, Thanks to the hard work and dedication of our talented teams, we produced earnings growth for the fourth consecutive quarter. With focus and shared vision, we reached two significant milestones during the quarter.

First, we surpassed $1.0 billion in total assets. As our organization grows, we expect to realize economies of scale that should allow us to generate higher returns. We continued our trend of strong loan growth as our commercial lending teams had another excellent quarter of production. Our investment in commercial lending is paying strong dividends, as commercial balances have increased $152.1 million, or 62.6%, over the past year and now represent more than 50% of our total loans. The commercial pipeline at the end of the first quarter is higher than it was at the end of the fourth quarter and looks extremely strong, leaving us optimistic about our ability to continue generating high quality assets. Furthermore, we generated strong deposit growth as balances increased $62.6 million, or 8.2%, and drove balance sheet expansion during the quarter.

Second, we achieved a record level of quarterly net income, with quarterly earnings per share growth of 43.8% and significantly improved profitability compared to the fourth quarter 2014. Loan growth drove net interest income higher while operating expenses, excluding seasonal and equity-related compensation costs, were essentially flat quarter-over-quarter.

Highlights for the first quarter 2015 included:

Diluted earnings per share increased $0.14, or 43.8%, compared to the linked quarter and $0.33, or 253.8%, compared to the first quarter 2014
Improved quarterly performance
Return on average assets of 0.84% compared to 0.62% in the linked quarter and 0.30% in the first quarter 2014
Return on average shareholders' equity of 8.55% compared to 6.07% in the linked quarter and 2.64% in the first quarter 2014
Return on average tangible common equity of 8.98% compared to 6.38% in the linked quarter and 2.79% in the first quarter 2014
Continued strong revenue growth
Net interest income increased $0.4 million, or 6.3%, compared to the linked quarter and $1.9 million, or 39.2%, compared to the first quarter 2014
Mortgage banking revenue increased $1.0 million, or 56.7%, compared to the linked quarter and $2.0 million, or 220.7%, compared to the first quarter 2014

more - see link above

[56Chevy]

Marker:
First Internet Banco (INBK)
$18.9899 up 0.4799 (2.59%)
Volume: 351

*Rising steadily. Now selling at a 6% discount to TBV.