First Internet Bancorp (INBK) to Release Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBK) will likely be announcing its Q1 2025 earnings results after the market closes on Wednesday, April 23rd. Analysts expect First Internet Bancorp to post earnings of $0.75 per share and revenue of $26.73 million for the quarter.

First Internet Bancorp (NASDAQ:INBK) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.41 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.51). First Internet Bancorp had a return on equity of 5.86% and a net margin of 7.45%. 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 NASDAQ INBK opened at $23.64 on Tuesday. First Internet Bancorp has a 1 year low of $21.76 and a 1 year high of $43.26. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. The stock has a fifty day moving average price of $27.24 and a two-hundred day moving average price of $33.50. The firm has a market cap of $205.60 million, a P/E ratio of 8.18 and a beta of 0.52.

First Internet Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Monday, March 31st. First Internet Bancorp’s payout ratio is currently 8.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INBK. StockNews.com cut shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $40.00 target price (down from $45.00) on shares of First Internet Bancorp in a report on Friday, January 24th. Hovde Group reduced their target price on First Internet Bancorp from $44.00 to $39.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Finally, Piper Sandler cut their price objective on First Internet Bancorp from $42.50 to $38.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.50.

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.