First Internet Bancorp Q3 net income $3.4M; NIM 1.39%, deposits up 5.9% QoQ

First Internet Bancorp

2022-Q3 EPS reported $0.48

Net income $3.4M ($0.39 diluted EPS); NIM fell to 1.39% from 1.53% QoQ on higher deposit costs.
Deposits grew $229.2M (+5.9% QoQ), loans +$88.2M (+2.4% QoQ); loans/deposits ratio 91.5%.
SBA lending gain on sale $5.6M (+14.4% QoQ); ranked 9th most active 7(a) lender nationally.
Nonperforming loans stable at 0.16% of total loans; net charge-offs $1.5M (0.16% annualized).
Repurchased 97,834 shares at avg $18.29; tangible book value $39.57, down from $39.85.

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 0.95

First Internet Bancorp reported the third quarter ended September 30, 2023 results: net income Net income of $3.4 million, EPS diluted earnings per share of $0.39.

Period: the third quarter ended September 30, 2023
Net income: Net income of $3.4 million
EPS: diluted earnings per share of $0.39
Result: reported results

Exact text from the filing

On October 25, 2023, First Internet Bancorp (the "Company") issued a press release announcing its financial results for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001562463-23-000110

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