First Internet Bancorp Q2 EPS $0.44; deposits up 6.4% QoQ; NIM narrows to 1.53%

First Internet Bancorp

2022-Q3 EPS reported $0.10

Net income $3.9M, diluted EPS $0.44; deposit growth $232M (+6.4% QoQ).
Net interest margin 1.53% (down 23bps QoQ) due to higher deposit costs; FTE NIM 1.64%.
Nonperforming loans fell to 0.17% of total ($6.2M) from 0.26% linked quarter.
Repurchased 203k shares at avg $13.52; tangible book value per share $39.85 (+1.6% QoQ).
Noninterest income up 7.8% QoQ to $5.9M, driven by SBA loan sale gains of $4.9M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

First Internet Bancorp reported second quarter ended June 30, 2023 results: net income Net income of $3.9 million, EPS diluted earnings per share of $0.44.

Period: second quarter ended June 30, 2023
Net income: Net income of $3.9 million
EPS: diluted earnings per share of $0.44
Result: reported results

Exact text from the filing

Net income of $3.9 million and diluted earnings per share of $0.44

View on SEC.gov

Browse all earnings releases →

First Internet Bancorp filing history →

Source: SEC EDGAR

accession 0001562463-23-000100

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.