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First Internet Bancorp Reports Third Quarter 2020 Results

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First Internet Bancorp to Announce Fourth Quarter 2020 Financial Results on Wednesday, January 20 Business Wire - 1/6/2021 4:13:00 PM
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Current Report Filing (8-k) Edgar (US Regulatory) - 11/13/2020 4:25:10 PM
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First Internet Bancorp Reports Third Quarter 2020 Results Business Wire - 10/21/2020 4:14:00 PM
First Internet Bancorp to Announce Third Quarter 2020 Financial Results on Wednesday, October 21 Business Wire - 10/7/2020 4:13:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/21/2020 4:36:38 PM
First Internet Bancorp to Pay Cash Dividend Business Wire - 9/21/2020 4:30:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/8/2020 7:31:02 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/27/2020 5:11:37 PM
First Internet Bank Recognized Again As One Of Central Indiana’s “Top Workplaces” Business Wire - 8/13/2020 2:07:00 PM
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Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/11/2020 4:26:39 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 8/6/2020 4:27:40 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/27/2020 4:34:55 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/22/2020 5:31:18 PM
First Internet Bancorp Reports Second Quarter 2020 Results Business Wire - 7/22/2020 4:54:00 PM
First Internet Bank Continues SBA Lending Expansion Business Wire - 7/9/2020 10:22:00 AM
56Chevy Member Level  Thursday, 10/22/20 12:19:04 PM
Re: 56Chevy post# 37
Post # of 40 
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".

.

Your real "net worth" is what you're worth if you lost everything.
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