Compared to Estimates, First Internet (INBK) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, First Internet Bancorp (INBK) reported revenue of $24.79 million, down 12.5% over the same period last year. EPS came in at $0.39, compared to $0.89 in the year-ago quarter.
The reported revenue represents a surprise of +2.84% over the Zacks Consensus Estimate of $24.1 million. With the consensus EPS estimate being $0.39, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First Internet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 1.4% versus 1.6% estimated by two analysts on average.
Net Interest Income (FTE): $18.64 million versus $18.65 million estimated by two analysts on average.
Total noninterest income: $7.41 million compared to the $6.65 million average estimate based on two analysts.
Net Interest Income: $17.38 million compared to the $17.45 million average estimate based on two analysts.
View all Key Company Metrics for First Internet here>>>
Shares of First Internet have returned -5.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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First Internet Bancorp (INBK) : Free Stock Analysis Report
