secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001562463-24-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246324000031/0001562463-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246324000031/inbk-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001562463-24-000031

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