earnings
confidence high
sentiment negative
materiality 0.65
First Internet Bancorp Q3 2022: net income $8.4M, EPS $0.89; loan growth 5.6% QoQ
First Internet Bancorp
2022-Q3 EPS reported
$3.01
- Net income $8.4M ($0.89 diluted EPS) vs $9.5M ($0.99) in Q2 2022 and $12.1M ($1.21) in Q3 2021.
- Adjusted diluted EPS $0.90 excluding nonrecurring expenses.
- Loan growth $173.8M (5.6%) to $3.3B; commercial +$97.3M, consumer +$78.2M.
- Net interest margin 2.40% (FTE 2.53%) vs 2.60% in Q2; provision for loan losses $0.9M.
- Repurchased 120,000 shares at avg $36.56; repurchase program expanded to $35M total.