10-May-2024
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First Internet Bancorp Reports First Quarter 2024 Results
Business Wire (Wed, 24-Apr 4:39 PM ET)
First Internet Bancorp to Announce First Quarter 2024 Financial Results on Wednesday, April 24
Business Wire (Wed, 3-Apr 4:21 PM ET)
First Internet Bancorp to Pay Cash Dividend
Business Wire (Mon, 18-Mar 4:24 PM ET)
First Internet Bank Continues to Expand Small Business Administration Team
Business Wire (Thu, 7-Mar 9:25 AM ET)
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.
First Internet Bancorp trades on the NASDAQ stock market under the symbol INBK.
As of May 10, 2024, INBK stock price declined to $31.97 with 39,767 million shares trading.
INBK has a beta of 2.06, meaning it tends to be more sensitive to market movements. INBK has a correlation of 0.17 to the broad based SPY ETF.
INBK has a market cap of $276.73 million. This is considered a Small Cap stock.
Last quarter First Internet Bancorp reported $29 million in Revenue and $.59 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.05.
In the last 3 years, INBK stock traded as high as $53.56 and as low as $9.68.
The top ETF exchange traded funds that INBK belongs to (by Net Assets): VTI, VXF, DWAS, AVUV, DFAT.
INBK has outperformed the market in the last year with a price return of +205.6% while the SPY ETF gained +27.8%. However, in the short term, INBK had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.9% vs +4.2% return in SPY. But in the last 2 weeks, INBK shares have fared better than the market returning +3.0% compared to SPY +2.5%.
INBK support price is $31.79 and resistance is $33.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INBK stock will trade within this expected range on the day.