---
schema_version: "secwatch.filing_event.v1"
accession: "0001562463-22-000060"
form_type: "8-K"
ticker: "INBK"
cik: "0001562463"
company_name: "First Internet Bancorp"
filed_at: "2022-04-20T23:59:59+00:00"
generated_at: "2026-06-26T06:10:27.270283+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Internet Bancorp Q1 2022 net income $11.2M ($1.14 EPS); NIM 2.56%, acquisition expected May

## Summary
- Q1 net income $11.2M ($1.14 EPS) vs $12.5M ($1.25) in Q4 2021 and $10.5M ($1.05) in Q1 2021.
- Adjusted net income $12.0M ($1.22 EPS) excluding $0.9M consulting fees and $0.2M acquisition costs.
- Net interest margin 2.56% (FTE 2.69%), up 26 bps from Q4 2021; revenue $32.6M (+4.4% linked qtr, +12.7% YoY).
- Repurchased 103,703 shares at avg $49.35; book value per share $38.69, tangible book $38.21.
- Pending acquisition of First Century; regulatory approvals needed, discussions to extend outside date; expects May closing.

## SEC filing metadata
- accession: 0001562463-22-000060
- form_type: 8-K
- ticker: INBK
- cik: 0001562463
- company_name: First Internet Bancorp
- filed_at: 2022-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562463/000156246322000060/0001562463-22-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562463/000156246322000060/inbk-20220420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-22-000060
- JSON: https://secwatch.observer/filing/0001562463-22-000060.json
- Plain text: https://secwatch.observer/filing/0001562463-22-000060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.