First Internet Bancorp (INBK) Expected to Announce Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBK) is expected to be announcing its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.92 per share and revenue of $24,875.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

First Internet Bancorp (NASDAQ:INBK) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $87.02 million for the quarter, compared to analyst estimates of $32.50 million. First Internet Bancorp had a return on equity of 6.06% and a net margin of 6.92%. During the same period in the previous year, the company earned $0.39 earnings per share. On average, analysts expect First Internet Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Internet Bancorp Stock Performance

INBK opened at $35.48 on Tuesday. The stock has a 50-day moving average of $38.43 and a 200-day moving average of $35.96. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. First Internet Bancorp has a 52-week low of $23.30 and a 52-week high of $43.26. The company has a market cap of $307.61 million, a PE ratio of 13.97 and a beta of 0.73.

First Internet Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.24 annualized dividend and a yield of 0.68%. First Internet Bancorp’s dividend payout ratio (DPR) is presently 9.45%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of First Internet Bancorp from $41.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

About First Internet Bancorp

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.