Here's What Key Metrics Tell Us About First Internet (INBK) Q4 Earnings

Core Viewpoint - First Internet Bancorp (INBK) reported a significant year-over-year revenue increase of 45.1% for the quarter ended December 2024, although the earnings per share (EPS) fell short of expectations, indicating mixed financial performance [1]. Financial Performance - Revenue for the quarter was $39.49 million, exceeding the Zacks Consensus Estimate of$35.65 million by 10.76% [1]. - EPS for the quarter was $0.41, down from$0.48 a year ago, representing a -57.73% surprise compared to the consensus estimate of $0.97 [1]. - Net Interest Margin was reported at 1.7$24.70 million, compared to the estimated $25.04 million [4]. - Total noninterest income reached$15.94 million, surpassing the average estimate of $11.73 million [4]. - Net Interest Income was reported at$23.55 million, below the estimated $23.92 million [4]. Stock Performance - Over the past month, shares of First Internet have returned -4%, contrasting with the Zacks S&P 500 composite's +2.1% change [3]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3].