First Internet Bancorp Q1 net income $5.2M, EPS $0.59, up 25% QoQ

First Internet Bancorp

2024-Q1 EPS reported $0.59

Diluted EPS of $0.59, up 22.9% from Q4 2023; net income $5.2M, up 25.1%.
Net interest margin improved to 1.66% (+8 bps QoQ); FTE NIM 1.75%.
Loan growth of $69.6M (1.8%) and deposit growth of $206.8M (5.1%) QoQ.
Nonperforming loans 0.33% of total loans; net charge-offs 0.05% of avg loans.
Repurchased 10,500 shares at avg $26.94 during Q1; tangible book value $41.83.

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 first quarter ended March 31, 2024 results: net income $5.2 million, EPS $0.59.

Period: first quarter ended March 31, 2024
Net income: $5.2 million
EPS: $0.59
Result: reported results

Exact text from the filing

First Internet Bancorp Reports First Quarter 2024 Results Fishers, Indiana, April 24, 2024 – First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001562463-24-000031

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