earnings
confidence high
sentiment positive
materiality 0.65
First Internet Bancorp Q3 net income $7.0M (+21% QoQ), EPS $0.80; record SBA gain-on-sale revenue
First Internet Bancorp
2024-Q3 EPS reported
$2.05
- Net income $7.0M, diluted EPS $0.80, up 21% and 19.4% QoQ, respectively.
- Net interest income $21.8M; net interest margin 1.62% (FTE 1.70%).
- Noninterest income $12.0M (+9% QoQ); record SBA gain-on-sale revenue from national platform.
- Loan growth $74.7M (+1.9% QoQ), deposit growth $523.8M (+12.3% QoQ); loan-to-deposit ratio 84.1%.
- Tangible book value per share $43.89 (+3.6% QoQ, +10.9% YoY); CET1 ratio 9.37%.