First Internet Bancorp(US:INBK) ZACKSยท2025-07-23 23:36Group 1: Earnings Performance - First Internet Bancorp reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.33 per share, and down from $0.72 per share a year ago, representing an earnings surprise of -93.94% [1] - The company posted revenues of $33.55 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 6.42%, compared to year-ago revenues of $32.36 million [2] - Over the last four quarters, the company has not surpassed consensus EPS estimates and has topped consensus revenue estimates only twice [2] Group 2: Stock Performance and Outlook - First Internet shares have lost about 23.2% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $1.06 on $43 million in revenues, and for the current fiscal year, it is $2.73 on $159.5 million in revenues [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The estimate revisions trend for First Internet was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]