secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001562463-24-000081
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Internet Bancorp Q3 net income $7.0M (+21% QoQ), EPS $0.80; record SBA gain-on-sale revenue
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246324000081/0001562463-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246324000081/inbk-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001562463-24-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer