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First Internet (NASDAQ:INBK) Stock, Option Chain

First Internet

First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.

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First Internet Bancorp

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported quarterly earnings of $0.80 per share which missed the analyst consensus estimate of $0.83 by 3.61 percent.  The company reported quarterly sales of $33.794 million which beat the analyst consensus estimate of $23.497 million by 43.82 percent.  This is a 36.35 percent increase over sales of $24.785 million the same period last year.</p>


Earnings Beats

Earnings Misses

First Internet Q3 2024 Adj. EPS $0.80 Misses $0.83 Estimate, Sales $33.794M Beat $23.497M Estimate

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) will release its quarterly earnings report on Wednesday, 2024-10-23. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate First Internet to report an <strong>earnings per share</strong> (EPS) of $0.83.</p>
<p>The announcement from First Internet is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.</p>
<p>It's worth noting for new investors that guidance can be a key determinant of stock price movements.</p>
<h3>Overview of Past Earnings</h3>
<p>Last quarter the company beat EPS by $0.01, which was followed by a 0.5% drop in the share price the next day.</p>
<p>Here's a look at First Internet's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.71</td>
<td>0.54</td>
<td>0.31</td>
<td>0.36</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.72</td>
<td>0.59</td>
<td>0.48</td>
<td>0.39</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-0.0%</td>
<td>-8.0%</td>
<td>9.0%</td>
<td>10.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729630874_0_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of First Internet were trading at $36.13 as of October 21. Over the last 52-week period, shares are up 152.16%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/INBK/earnings"><strong>To track all earnings releases for First Internet visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


An Overview of First Internet's Earnings

HWBK

Shares of banking companies are trading higher amid overall market strength following strong September Unemployment Rate and Nonfarm Payrolls data. Also, the dockworkers struck a deal to suspend their strike after they reached a tentative agreement, easing concerns about its potential ramifications.

<p>Piper Sandler  analyst Nathan Race   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Neutral and raises the price target from $30 to $40.5.</p>


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Piper Sandler Maintains Neutral on First Internet, Raises Price Target to $40.5

First Internet Bancorp shares are trading higher after Keefe, Bruyette & Woods maintained a Market Perform rating on the stock and raised its price target from $36 to $42. Additionally, Craig-Hallum maintained a Buy rating and raised its price target from $40 to $45.

<p>Craig-Hallum  analyst George Sutton   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Buy and raises the price target from $40 to $45.</p>


Craig-Hallum Maintains Buy on First Internet, Raises Price Target to $45

<p>Keefe, Bruyette &amp; Woods  analyst Timothy Switzer   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $36 to $42.</p>


Keefe, Bruyette & Woods Maintains Market Perform on First Internet, Raises Price Target to $42

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.71 by 1.41 percent.  The company reported quarterly sales of $32.360 million which beat the analyst consensus estimate of $22.866 million by 41.52 percent.  This is a 34.74 percent increase over sales of $24.016 million the same period last year.</p>


First Internet Q2 2024 Adj EPS $0.72 Beats $0.71 Estimate, Sales $32.360M Beat $22.866M Estimate

<p>Piper Sandler  analyst Nathan Race   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Neutral and lowers the price target from $35 to $34.</p>


Piper Sandler Maintains Neutral on First Internet, Lowers Price Target to $34

<p>Keefe, Bruyette &amp; Woods  analyst Timothy Switzer   reiterates First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $34 to $36.</p>


Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on First Internet, Raises Price Target to $36

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.54 by 9.26 percent. This is a 11.32 percent increase over earnings of $0.53 per share from the same period last year.  The company reported quarterly sales of $29.081 million which beat the analyst consensus estimate of $22.387 million by 29.90 percent.  This is a 16.23 percent increase over sales of $25.020 million the same period last year.</p>


First Internet Q1 2024 Adj EPS $0.59 Beats $0.54 Estimate, Sales $29.081M Beat $22.387M Estimate

<p>Keefe, Bruyette &amp; Woods  analyst Michael Perito   maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $29 to $34.</p>


Keefe, Bruyette & Woods Maintains Market Perform on First Internet, Raises Price Target to $34-Report Released on 25 January 2024

<p><strong>First Internet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:30 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>First Internet beat estimated earnings by 54.84%, reporting an EPS of $0.48 versus an estimate of $0.31.</p>
<p>Revenue was down $268 thousand from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.03 which was followed by a 9.81% increase in the share price the next day.</p>
<p>Here's a look at First Internet's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.36</td>
<td>0.38</td>
<td>0.46</td>
<td>0.70</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.39</td>
<td>0.44</td>
<td>0.53</td>
<td>0.68</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>19.92M</td>
<td>19.81M</td>
<td>22.17M</td>
<td>23.46M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>24.79M</td>
<td>24.02M</td>
<td>25.02M</td>
<td>27.48M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for First Internet <a href="https://www.benzinga.com/quote/INBK/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


First Internet: Q4 Earnings Insights

<p>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.31 by 54.84 percent. This is a 29.41 percent decrease over earnings of $0.68 per share from the same period last year.  The company reported quarterly sales of $27.21 million which beat the analyst consensus estimate of $19.28 million by 41.12 percent.  This is a 0.98 percent decrease over sales of $27.48 million the same period last year.</p>


First Internet Q4 Adj $0.48 Beats $0.31 Estimate, Sales $27.21M Beat $19.28M Estimate

<p><strong>First Internet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that First Internet will report an <strong>earnings per share</strong> (EPS) of $0.31. </p>
<p>First Internet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.03, which was followed by a 9.81% increase in the share price the next day.</p>

<p><img src="https://www.benzinga.com/files/images/story/2024/1706036474_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of First Internet were trading at $27.16 as of January 22. Over the last 52-week period, shares are up 9.47%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/INBK/earnings"><strong>To track all earnings releases for First Internet visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


A Preview Of First Internet's Earnings

<p>By the close of today, January 16, 2024, <b>First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>)</b> will issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.98%. Only those investors who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.</p>
<h3>First Internet Recent Dividend Payouts</h3>
<style>
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            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
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        tr:nth-child(even) {
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        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-28</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.98%</td>
<td>2023-12-19</td>
<td>2023-12-29</td>
<td>2024-01-16</td>
</tr>
<tr>
<td>2023-09-28</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.37%</td>
<td>2023-09-19</td>
<td>2023-09-29</td>
<td>2023-10-16</td>
</tr>
<tr>
<td>2023-06-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.63%</td>
<td>2023-06-20</td>
<td>2023-06-30</td>
<td>2023-07-17</td>
</tr>
<tr>
<td>2023-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.26%</td>
<td>2023-03-21</td>
<td>2023-03-31</td>
<td>2023-04-17</td>
</tr>
<tr>
<td>2022-12-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.06%</td>
<td>2022-12-20</td>
<td>2022-12-30</td>
<td>2023-01-17</td>
</tr>
<tr>
<td>2022-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.65%</td>
<td>2022-09-20</td>
<td>2022-09-30</td>
<td>2022-10-17</td>
</tr>
<tr>
<td>2022-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.65%</td>
<td>2022-06-21</td>
<td>2022-07-01</td>
<td>2022-07-15</td>
</tr>
<tr>
<td>2022-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.51%</td>
<td>2022-03-21</td>
<td>2022-03-31</td>
<td>2022-04-18</td>
</tr>
<tr>
<td>2021-12-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.56%</td>
<td>2021-12-21</td>
<td>2021-12-31</td>
<td>2022-01-18</td>
</tr>
<tr>
<td>2021-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.79%</td>
<td>2021-09-20</td>
<td>2021-09-30</td>
<td>2021-10-15</td>
</tr>
<tr>
<td>2021-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.79%</td>
<td>2021-06-21</td>
<td>2021-07-01</td>
<td>2021-07-15</td>
</tr>
<tr>
<td>2021-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.62%</td>
<td>2021-03-16</td>
<td>2021-03-31</td>
<td>2021-04-15</td>
</tr>
</tbody>
</table>
<p>First Internet's dividend yield is on the lower end compared to its industry peers, with <b>LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>)</b> having a higher annualized dividend yield of 5.90%.</p>
<h3>Analyzing First Internet Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705417534_0.png" alt="dividend chart graph" /></p>
<p>The company has consistently maintained a dividend per share of $0.24 from 2020 to 2023. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.</p>
<h3>YoY Earnings Growth For First Internet</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705417534_1.png" alt="earning chart graph" /></p>
<p>Investors can observe a decrease in First Internet's earnings per share from $2.77 in 2020 to $2.04 in 2023. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of First Internet and its implications for shareholders. Presently, the company is distributing a dividend of $0.06 per share, leading to an annualized dividend yield of 0.98%.</p>
<p>First Internet's dividend yield is on the lower end compared to its industry peers, with LCNB having a higher annualized dividend yield of 5.90%.</p>
<p>Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent decrease in earnings per share for First Internet highlights a deteriorating financial status, potentially impacting the company's ability to share profits with its investors.</p>
<p>Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.</p>
<p>[Monitor live stock price updates for First Internet on Benzinga.](https://www.benzinga.com/quote/<b>First Internet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbk#NASDAQ">INBK</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


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Expanding Horizons: First Internet Navigating Uncertain Times with Dividend Adjustments

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