First Internet Bancorp (NASDAQ:INBK) released its quarterly earnings results on Wednesday. The bank reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.15, Fidelity Earnings reports. First Internet Bancorp had a return on equity of 8.55% and a net margin of 15.37%. The business had revenue of $20.78 million during the quarter, compared to analysts’ expectations of $20.50 million.
INBK opened at $26.18 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.02. The business has a 50 day simple moving average of $23.94 and a 200-day simple moving average of $21.98. The stock has a market capitalization of $230.98 million, a P/E ratio of 10.43 and a beta of 0.61. First Internet Bancorp has a 12 month low of $17.56 and a 12 month high of $26.46.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, December 30th. First Internet Bancorp’s dividend payout ratio (DPR) is 9.56%.
About First Internet Bancorp
First Internet Bancorp operates as a bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services in the United States. The company offers savings and money market accounts, non-interest bearing and interest-bearing demand deposits, brokered deposit accounts, and certificates of deposit.
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