secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001562463-22-000060
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000060/0001562463-22-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000060/inbk-20220420.htm
  HTML page:      https://secwatch.observer/filing/0001562463-22-000060

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