secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2022-01-19T23:59:59+00:00
Accession:  0001562463-22-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Internet Bancorp Q4 2021 diluted EPS $1.25; record FY net income $48.1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000010/0001562463-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000010/inbk-20220119.htm
  HTML page:      https://secwatch.observer/filing/0001562463-22-000010

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