secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001562463-23-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246323000100/0001562463-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246323000100/inbk-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001562463-23-000100

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