Education
About Us
Working with TipRanks
Follow Us
First Internet Bancorp (INBK)
NASDAQ:INBK
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.72Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -17.31%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed sentiment. While there are significant highlights such as revenue growth, net interest margin expansion, and success in small business lending and fintech partnerships, these are tempered by challenges in credit quality and elevated provisions for loan losses. However, the management's optimism about future growth opportunities and strategic initiatives suggests a cautiously positive outlook.Company Guidance
During the First Internet Bancorp Earnings Conference Call for the first quarter of 2025, the company provided guidance indicating strong financial performance and future growth prospects. Key metrics highlighted include a 2% quarter-over-quarter and 22% year-over-year increase in total operating revenue. Net interest income grew by 7% from the previous quarter and 20% from the first quarter of 2024, contributing to a 16 basis point improvement in the net interest margin. The company reported a pretax, pre-provision net income of $12 million, marking a 10.8% increase from the prior quarter and a 50% rise year-over-year. Despite challenges in their small business lending and franchise finance portfolios, they achieved a weighted average rate on funded originations of 7.78%, up by 50 basis points quarter-over-quarter. Additionally, loan origination and loan sale volumes grew significantly by 223% and 236%, respectively, compared to the first quarter of 2024. Although net income for the quarter was $900,000, impacted by a $9.7 million provision for loan losses, the company remains optimistic about declining deposit costs and continued net interest income growth throughout 2025, assuming no further Federal Reserve rate actions.Revenue and Growth
First Internet Bancorp reported a pretax, pre-provision net income of $12 million, up 10.8% over the prior quarter's adjusted amount and nearly 50% over the first quarter of 2024. Revenue growth was driven by a 7% increase in net interest income compared to Q4 2024 and 20% compared to Q1 2024.
Net Interest Margin Expansion
Net interest margin improved by 16 basis points as deposit costs declined and yields on earning assets increased. The company achieved its sixth consecutive quarter of net interest income and core revenue growth.
Small Business Lending Success
Origination and loan sale volume were up 223% and 236%, respectively, over the first quarter of 2024. First Internet Bancorp remains the eighth largest SBA seven program lender for SBA's 2025 fiscal year to date.
Fintech Partnerships Growth
Fintech partnership deposits increased by 37% from Q4 2024, totaling $881 million at quarter end. Total fintech partnership revenue was over $1.1 million in Q1, up 30% from Q4 2024.
---
INBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
INBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $25.71 | $20.36 | -20.81% |
| Jan 22, 2025 | $35.19 | $33.21 | -5.63% |
| Oct 23, 2024 | $36.38 | $34.80 | -4.34% |
| Jul 24, 2024 | $35.88 | $35.70 | -0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does First Internet Bancorp (INBK) report earnings?
First Internet Bancorp (INBK) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is First Internet Bancorp (INBK) earnings time?
First Internet Bancorp (INBK) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INBK EPS forecast?
INBK EPS forecast for the fiscal quarter 2025 (Q2) is 0.32.
---