|Bid||18.00 x 1200|
|Ask||22.50 x 1300|
|Day's Range||17.29 - 17.68|
|52 Week Range||10.47 - 28.50|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||7.41|
|Earnings Date||Oct 22, 2020|
|Forward Dividend & Yield||0.24 (1.36%)|
|Ex-Dividend Date||Sep 30, 2020|
|1y Target Est||22.40|
First Internet (INBK) delivered earnings and revenue surprises of 157.50% and 31.62%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of First Internet (NASDAQ:INBK) remained unaffected after the company reported Q3 results.Quarterly Results Earnings per share rose 63.49% year over year to $1.03, which beat the estimate of $0.41.Revenue of $28,727,000 higher by 38.10% from the same period last year, which beat the estimate of $16,530,000.Outlook Earnings guidance hasn't been issued by the company for now.View more earnings on INBKFirst Internet hasn't issued any revenue guidance for the time being.Technicals Company's 52-week high was at $28.50Company's 52-week low was at $10.47Price action over last quarter: Up 18.23%Company Profile First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For October 21, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
First Internet Bancorp (the "Company") (Nasdaq: INBK), the parent company of First Internet Bank (the "Bank"), announced today financial and operational results for the third quarter of 2020. Net income for the third quarter of 2020 was a record $8.4 million, or $0.86 diluted earnings per share. This compares to net income of $3.9 million, or $0.40 diluted earnings per share, for the second quarter of 2020, and net income of $6.3 million, or $0.63 diluted earnings per share, for the third quarter of 2019.