AP NEWS

First Internet: 4Q Earnings Snapshot

January 22, 2020 GMT

FISHERS, Ind. (AP) _ First Internet Bancorp (INBK) on Wednesday reported fourth-quarter profit of $7.1 million.

The Fishers, Indiana-based bank said it had earnings of 72 cents per share.

The internet bank posted revenue of $43.3 million in the period. Its revenue net of interest expense was $20.8 million, which beat Street forecasts.

For the year, the company reported profit of $25.2 million, or $2.51 per share. Revenue was reported as $79.8 million.

First Internet shares have remained unchanged since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.71, a drop of nearly 4% 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