secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001562463-25-000040
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 2025 net income $0.9M, EPS $0.11; NIM expands 16 bps
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- Net income of $0.9M and diluted EPS of $0.11; PTPP of $12.0M, up 10.8% QoQ and 48.5% YoY.
- Net interest income $25.1M, up 6.6% QoQ; fully taxable-equivalent NIM 1.91%, +16 bps QoQ.
- Loans grew $83.8M (2.0% QoQ); deposits up $12.4M (0.3% QoQ); loans-to-deposits 86.0%.
- Nonperforming loans 0.80% of loans; net charge-offs 0.92% of average loans; ACL 1.11%.
- Tangible book value per share $44.04, +0.6% QoQ; CET1 ratio 9.16%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246325000040/0001562463-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246325000040/inbk-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001562463-25-000040

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