secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001562463-22-000094
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Internet Bancorp Q2 net income $9.5M ($0.99 EPS), down from Q1 and YoY
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- Net income $9.5M ($0.99 diluted EPS) vs $11.2M ($1.14) Q1'22 and $13.1M ($1.31) Q2'21.
- Adjusted net income $10.3M ($1.06) excluding nonrecurring items.
- Total loans $3.1B, up $201M (7.0%) QoQ; commercial +4.2%, consumer +21.5%.
- Net interest margin 2.60% (up 4bps QoQ); provision for loan losses $1.2M on loan growth.
- Repurchased 294,464 shares at avg $37.77; book value per share $38.85.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000094/0001562463-22-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000094/inbk-20220720.htm
  HTML page:      https://secwatch.observer/filing/0001562463-22-000094

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