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First Internet: 4Q Earnings Snapshot

FISHERS, Ind. (AP) _ First Internet Bancorp (INBK) on Wednesday reported fourth-quarter profit of $3.6 million.

The Fishers, Indiana-based bank said it had earnings of 35 cents per share. Earnings, adjusted for non-recurring costs, came to 53 cents per share.

The internet bank posted revenue of $33.9 million in the period. Its revenue net of interest expense was $17.5 million, which missed Street forecasts.

For the year, the company reported profit of $21.9 million, or $2.30 per share. Revenue was reported as $71 million.

First Internet shares have risen 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.35, a drop of 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INBK at https://www.zacks.com/ap/INBK