First Internet Bancorp

First Internet Bancorp Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Banking, Professional Services, Sale, Small business, U.S. Bancorp, FTE, BP, TCE, Fintech, As a service, Partnership, SBA, ACL, Compact disc, Webcast, NIM, First Internet Bancorp, Bank, Ratio, AOCI, Marketing, Advertising, Small Business Administration, Telephone, First, Growth

First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024.

Key Points: 
  • First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024.
  • Total interest income for the first quarter of 2024 was $68.2 million, an increase of 2.9% compared to the fourth quarter of 2023, and an increase of 31.0% compared to the first quarter of 2023.
  • The cost of interest-bearing deposits was 4.25% for the first quarter of 2024, compared to 4.14% for the fourth quarter of 2023.
  • Noninterest income for the first quarter of 2024 was $8.3 million, compared to $7.4 million for the fourth quarter of 2023, and $5.4 million for the first quarter of 2023.

First Internet Bancorp to Announce First Quarter 2024 Financial Results on Wednesday, April 24

Retrieved on: 
Wednesday, April 3, 2024
Banking, Fintech, Professional Services, Finance, U.S. Bancorp, First Internet Bancorp, Conference, Eastern Time Zone, First

First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank ( www.firstib.com ), announced today that it plans to issue its first quarter 2024 financial results after the market closes on Wednesday, April 24, 2024.

Key Points: 
  • First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank ( www.firstib.com ), announced today that it plans to issue its first quarter 2024 financial results after the market closes on Wednesday, April 24, 2024.
  • A conference call and webcast to discuss the results will be held the following day, Thursday, April 25 at 2:00 p.m., Eastern Time.
  • Conference Call and Webcast Information:

First Internet Bancorp Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, January 24, 2024
Banking, Fintech, Professional Services, Finance, NIM, Compact disc, Small Business Administration, ACL, Bank, Tangibility, Insurance, FTE, Ratio, Sale, As a service, First, Webcast, First Internet Bancorp, SBA, Telephone, U.S. Bancorp, Small business, Growth

On a fully-taxable equivalent basis, net interest income for the fourth quarter of 2023 was $21.0 million, compared to $18.6 million for the third quarter of 2023, and $23.1 million for the fourth quarter of 2022.

Key Points: 
  • On a fully-taxable equivalent basis, net interest income for the fourth quarter of 2023 was $21.0 million, compared to $18.6 million for the third quarter of 2023, and $23.1 million for the fourth quarter of 2022.
  • Total interest income for the fourth quarter of 2023 was $66.3 million, an increase of 5.2% compared to the third quarter of 2023, and an increase of 45.1% compared to the fourth quarter of 2022.
  • Net interest margin (“NIM”) was 1.58% for the fourth quarter of 2023, up from 1.39% for the third quarter of 2023 and down from 2.09% for the fourth quarter of 2022.
  • Noninterest income for the fourth quarter of 2023 was $7.4 million, consistent with the third quarter of 2023, and up $1.6 million, or 27.4%, from the fourth quarter of 2022.

Workiz Introduces the Game-Changing Business card that transforms cash flow efficiency

Retrieved on: 
Tuesday, November 14, 2023
Online, First Internet Bancorp, Google Wallet, SAN, Organization, Head, Culture, Visa Inc., Heart, Apple Wallet, FDIC, Financial management, Operation, QuickBooks, Bank, Workiz

This Workiz Visa business card integrates smoothly with our field service software, transforming how businesses manage their operational expenses.

Key Points: 
  • This Workiz Visa business card integrates smoothly with our field service software, transforming how businesses manage their operational expenses.
  • Our innovative solution is available exclusively to Workiz Pay customers, underscoring yet another example of our commitment to fueling business growth.
  • The backbone of a scaling business is efficient cash flow.
  • Our Workiz Card, purpose-built for the field service business environment, addresses these difficulties head-on, providing a streamlined solution while offering controls over expenditures.

First Internet Bancorp Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023
Banking, Professional Services, Finance, Ratio, Sale, Small business, Federal funds, Bank, ACL, Telephone, Small Business Administration, FTE, Growth, NIM, Webcast, Compact disc, Fed, First Internet Bancorp, U.S. Bancorp, SBA, First, Rare-earth element, Life insurance, Video game, Real estate, Cryptocurrency, Security (finance)

First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the third quarter ended September 30, 2023.

Key Points: 
  • First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the third quarter ended September 30, 2023.
  • On a fully-taxable equivalent basis, net interest income for the third quarter of 2023 was $18.6 million, compared to $19.5 million for the second quarter of 2023, and $25.3 million for the third quarter of 2022.
  • Total interest income for the third quarter of 2023 was $63.0 million, an increase of 8.4% compared to the second quarter of 2023, and an increase of 61.2% compared to the third quarter of 2022.
  • The cost of interest-bearing deposits was 4.09% for the third quarter of 2023, compared to 3.75% for the second quarter of 2023.

First Internet Bancorp Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 26, 2023
Banking, Professional Services, Finance, NIM, Small Business Administration, Small business, U.S. Bancorp, Telephone, Ratio, Sale, Compact disc, First, First Internet Bancorp, FTE, SBA, As a service, Webcast, Growth, Bank, ACL, C&I, Cryptocurrency, Beauty salon, Life insurance, Video game, Real estate, Rare-earth element, Security (finance)

On a fully-taxable equivalent basis, net interest income for the second quarter of 2023 was $19.5 million, compared to $21.0 million for the first quarter of 2023, and $27.1 million for the second quarter of 2022.

Key Points: 
  • On a fully-taxable equivalent basis, net interest income for the second quarter of 2023 was $19.5 million, compared to $21.0 million for the first quarter of 2023, and $27.1 million for the second quarter of 2022.
  • Total interest income for the second quarter of 2023 was $58.1 million, an increase of 11.7% compared to the first quarter of 2023, and an increase of 61.0% compared to the second quarter of 2022.
  • Net interest margin (“NIM”) was 1.53% for the second quarter of 2023, down from 1.76% for the first quarter of 2023, and 2.60% for the second quarter of 2022.
  • Fully-taxable equivalent NIM (“FTE NIM”) was 1.64% for the second quarter of 2023, down from 1.89% for the first quarter of 2023, and 2.74% for the second quarter of 2022.

First Internet Bancorp Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, April 26, 2023
Banking, Other Professional Services, Professional Services, Finance, NIM, Small Business Administration, Insurance, Advertising, BP, Small business, FHLB, Federal, Marketing, U.S. Bancorp, Current Expected Credit Losses, Telephone, Ratio, Sale, First, First Internet Bancorp, Federal Reserve, FTE, CECL, SBA, As a service, Webcast, Growth, Bank, ACL, C&I, Video game, Security (finance), Life insurance, Real estate, Cryptocurrency, Fintech

First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2023.

Key Points: 
  • First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2023.
  • On a fully-taxable equivalent basis, net interest income for the first quarter of 2023 was $21.0 million, compared to $23.1 million for the fourth quarter of 2022, and $27.1 million for the first quarter of 2022.
  • Total interest income for the first quarter of 2023 was $52.0 million, an increase of 13.9% compared to the fourth quarter of 2022, and an increase of 44.4% compared to the first quarter of 2022.
  • The decrease in delinquencies during the first quarter of 2023 was due primarily to a construction loan that became current in the first quarter of 2023.

First Internet Bancorp to Announce First Quarter 2023 Financial Results on Wednesday, April 26

Retrieved on: 
Monday, April 10, 2023
Banking, Other Professional Services, Professional Services, Finance, First, First Internet Bancorp, Conference, U.S. Bancorp, Eastern Time Zone

First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank ( www.firstib.com ), announced today that it plans to issue its first quarter 2023 financial results after the market closes on Wednesday, April 26, 2023.

Key Points: 
  • First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank ( www.firstib.com ), announced today that it plans to issue its first quarter 2023 financial results after the market closes on Wednesday, April 26, 2023.
  • A conference call and webcast to discuss the results will be held the following day, Thursday, April 27 at 2:00 p.m., Eastern Time.
  • Conference Call and Webcast Information:

First Internet Bancorp Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, January 25, 2023
Banking, Fintech, Professional Services, Finance, Income tax, Insurance, As a service, Small business, Federal Reserve, Government, Small Business Administration, First, Investment, Federal funds, U.S. Bancorp, BP, Telephone, Pressure, Webcast, First Internet Bancorp, Sale, Treasury, FTE, SBA, Marketing, Partnership, Growth, Bank, Ratio, FHLB, Environment, Advertising, NIM, Video game, Real estate, Car rental, Cryptocurrency, Security (finance)

On a fully-taxable equivalent basis, net interest income for the fourth quarter of 2022 was $23.1 million, compared to $25.3 million for the third quarter of 2022, and $24.9 million for the fourth quarter of 2021.

Key Points: 
  • On a fully-taxable equivalent basis, net interest income for the fourth quarter of 2022 was $23.1 million, compared to $25.3 million for the third quarter of 2022, and $24.9 million for the fourth quarter of 2021.
  • Total interest income for the fourth quarter of 2022 was $45.7 million, an increase of 16.8% compared to the third quarter of 2022, and an increase of 33.6% compared to the fourth quarter of 2021.
  • Net interest margin (“NIM”) was 2.09% for the fourth quarter of 2022, down from 2.40% for the third quarter of 2022 and 2.30% for the fourth quarter of 2021.
  • Fully-taxable equivalent NIM (“FTE NIM”) was 2.22% for the fourth quarter of 2022, down from 2.53% for the third quarter of 2022 and 2.43% for the fourth quarter of 2021.

Jared W. Johnson Named BDO of the Year by Coleman Publishing

Retrieved on: 
Tuesday, December 13, 2022
Small business, First, SBA, First Internet Bancorp, Arizona Biltmore Hotel, Dream, BDO, Pharmaceutical industry, Online shopping

PROSPER, Texas, Dec. 13, 2022   /PRNewswire-PRWeb/ -- Jared W. Johnson, Vice President and Senior Business Development Officer at First Internet Bank of Indiana, was recognized by Coleman Publishing as BDO of the Year for 2022. He and other Coleman award winners were recognized at a BDO of the Year event hosted on October 5-6, 2022 at the Arizona Biltmore Hotel. Coleman is the leading provider of information and training for small business bankers. Each year, the agency selects top producers in the industry for their stellar service and production. Johnson was selected for the award from hundreds of entries across the country.

Key Points: 
  • PROSPER, Texas, Dec. 13, 2022 /PRNewswire-PRWeb/ -- Jared W. Johnson , Vice President and Senior Business Development Officer at First Internet Bank of Indiana, was recognized by Coleman Publishing as BDO of the Year for 2022.
  • He and other Coleman award winners were recognized at a BDO of the Year event hosted on October 5-6, 2022 at the Arizona Biltmore Hotel.
  • "I am honored to be recognized by Coleman with this prestigious award," said Johnson.
  • To learn more about Jared W. Johnson and get valuable insights on buying or selling a business, visit https://jaredwjohnson.com/.