First Internet: Fourth Quarter Financial Overview

First Internet Bancorp Announces Fourth Quarter Results

First Internet Bancorp, headquartered in Fishers, Indiana, revealed a net profit of $5.3 million for the fourth quarter, according to a report released on Thursday.

The company reported earnings of $0.60 per share for the quarter. When excluding one-time expenses, adjusted earnings reached $0.64 per share.

During this period, the online bank generated $89.4 million in total revenue. After accounting for interest expenses, net revenue stood at $41.7 million, which did not meet analysts’ expectations.

For the full year, First Internet Bancorp recorded a total profit of $35.2 million, translating to $4.03 per share. Annual revenue was reported at $116.5 million.