First Internet Bancorp (INBK) News & EventsINBKFirst Internet Bancorp

Sees Q4 Provision for Credit Losses at $7.5M-$8M

Sees Q4 provision for credit losses $7.5M-$8M.

First Internet Bancorp Reports Q3 Revenue of $43.9M

Reports Q3 revenue $43.9M, consensus $35.87M. "Our third quarter results reflect continued execution of the strategy we have laid out for the last several quarters, with earnings momentum continuing to build," said David Becker, Chairman and CEO of First Internet Bancorp. "Total revenue hit an all-time high in the quarter, driving positive operating leverage powered by record net interest income, continued net interest margin expansion and solid fee revenue growth. Additionally, credit trends continued to improve with meaningful declines in both net charge-offs and delinquencies. We also took proactive action on a larger franchise finance relationship this quarter; however, our underlying earnings strength allowed us to absorb the related provision impact and still produce strong quarterly growth in net income and earnings per share."

First Internet Bank Promotes Nick Campbell to Senior Vice President

First Internet Bank announced that Nick Campbell has been promoted to Senior Vice President, Chief Lending Officer. In his new role, he will lead the Bank's lending organizations, including small business lending; owner-occupied and investor commercial real estate; commercial & industrial lending; construction lending; single tenant lease financing; franchise finance and consumer lending. He will oversee lending strategy and portfolio growth while expanding the specialized solutions that help businesses and consumers achieve their financial goals nationwide.