First Internet Bancorp (INBK) to Release Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBK - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Wednesday, July 23rd. Analysts expect First Internet Bancorp to post earnings of $0.33 per share and revenue of $30.08 million for the quarter.

First Internet Bancorp (NASDAQ:INBK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.64). The business had revenue of $76.83 million during the quarter, compared to analysts' expectations of $26.73 million. First Internet Bancorp had a return on equity of 4.64% and a net margin of 6.01%. On average, analysts expect First Internet Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First Internet Bancorp Stock Performance

Shares of INBK traded down $0.20 on Friday, reaching $27.50. The company's stock had a trading volume of 40,441 shares, compared to its average volume of 42,696. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market capitalization of $239.25 million, a P/E ratio of 11.41 and a beta of 0.72. The stock's 50 day simple moving average is $25.29 and its two-hundred day simple moving average is $27.50. First Internet Bancorp has a 12-month low of $19.54 and a 12-month high of $43.26.

First Internet Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date was Monday, June 30th. First Internet Bancorp's dividend payout ratio is currently 9.96%.

Institutional Investors Weigh In On First Internet Bancorp

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in First Internet Bancorp in the first quarter worth $297,000. Empowered Funds LLC increased its position in First Internet Bancorp by 81.4% in the first quarter. Empowered Funds LLC now owns 13,135 shares of the bank's stock worth $352,000 after purchasing an additional 5,893 shares during the last quarter. Finally, Royal Bank of Canada increased its position in First Internet Bancorp by 78.5% in the first quarter. Royal Bank of Canada now owns 13,789 shares of the bank's stock worth $369,000 after purchasing an additional 6,064 shares during the last quarter. Institutional investors own 65.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on INBK shares. Hovde Group lowered their price target on shares of First Internet Bancorp from $39.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen raised shares of First Internet Bancorp from a "sell" rating to a "hold" rating in a report on Friday. Piper Sandler lowered their price target on shares of First Internet Bancorp from $32.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of First Internet Bancorp from $35.00 to $30.00 and set a "market perform" rating on the stock in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $31.75.

First Internet Bancorp Company Profile

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.