First Internet Bancorp reports results for the quarter ended September 30 - Earnings Summary

• First Internet Bancorp reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.43. The mean expectation of four analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 70 cents to 83 cents per share.

• Revenue rose 10.3% to $34.74 million from a year ago; analysts expected $39.13 million.

• First Internet Bancorp's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $4.82 million.

• First Internet Bancorp shares had risen by 1.2% this quarter and gained 27.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for First Internet Bancorp is $28.75, about 5.1% above its last closing price of $27.27

This summary was machine generated from LSEG data October 29 at 10:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)