---
schema_version: "secwatch.filing_event.v1"
accession: "0001562463-24-000011"
form_type: "8-K"
ticker: "INBK"
cik: "0001562463"
company_name: "First Internet Bancorp"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:16:04.285248+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Internet Bancorp Q4 net income rises 21.5% sequentially; NIM expands 19 bps

## Summary
- Q4 net income $4.1M ($0.48 diluted EPS) up 21.5% from Q3; full year net income $9.9M ($1.17 EPS).
- Net interest margin expanded 19 bps to 1.58% (FTE 1.68%) on higher loan and security yields.
- Loans grew $105.2M (2.8%) to $3.8B, led by franchise finance, SBA, C&I, and construction.
- Nonperforming loans rose to 0.26% from 0.16% linked quarter; net charge-offs 0.12% of avg loans.
- Repurchased 40k shares at avg $18.78 in Q4; 502,525 shares repurchased in 2023 at avg $18.40.

## SEC filing metadata
- accession: 0001562463-24-000011
- form_type: 8-K
- ticker: INBK
- cik: 0001562463
- company_name: First Internet Bancorp
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562463/000156246324000011/0001562463-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562463/000156246324000011/inbk-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-24-000011
- JSON: https://secwatch.observer/filing/0001562463-24-000011.json
- Plain text: https://secwatch.observer/filing/0001562463-24-000011.txt

## Key facts
- Earnings Releases
  First Internet Bancorp reported financial results for quarter and year ended December 31, 2023.
  - Period: quarter and year ended December 31, 2023
  - Result: reported results
  source text: On January 24, 2024, First Internet Bancorp (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562463/000156246324000011/0001562463-24-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.