---
schema_version: "secwatch.filing_event.v1"
accession: "0001562463-24-000031"
form_type: "8-K"
ticker: "INBK"
cik: "0001562463"
company_name: "First Internet Bancorp"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:36:52.481711+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562463-24-000031
- form_type: 8-K
- ticker: INBK
- cik: 0001562463
- company_name: First Internet Bancorp
- filed_at: 2024-04-24T23:59:59+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/1562463/000156246324000031/0001562463-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562463/000156246324000031/inbk-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-24-000031
- JSON: https://secwatch.observer/filing/0001562463-24-000031.json
- Plain text: https://secwatch.observer/filing/0001562463-24-000031.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562463/000156246324000031/0001562463-24-000031-index.htm

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