secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001562463-23-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246323000110/0001562463-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246323000110/inbk-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001562463-23-000110

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