earnings
confidence high
sentiment positive
materiality 0.75
First Internet Bancorp Q4 2021 diluted EPS $1.25; record FY net income $48.1M
First Internet Bancorp
2020-FY EPS reported
$4.82
- Record full-year net income $48.1M, diluted EPS $4.82 vs $29.5M and $2.99 in 2020.
- Q4 net income $12.5M ($1.25 EPS); adjusted $13.0M ($1.30) excl. IT contract fee and acquisition costs.
- Net interest margin 2.30%, up 30 bps QoQ; total revenue $31.2M, +8.6% from Q3 2021.
- Repurchased 100,000 shares at avg $44.36; book value per share $38.99, +3.7% QoQ.
- Credit quality improved: nonperforming loans 0.26%, net recoveries $0.1M in Q4.