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INBK / First Internet Bancorp: Highly Undervalued But There Is A Reason

First Internet Bancorp: Highly Undervalued But There Is A Reason
First Internet bank is currently undervalued but faces challenges due to rising deposit costs and a struggling loan portfolio. Management remains confident in the bank's future, with CEO David Becker and other insiders buying shares, and the bank continuing its buyback program. I remain cautious about investing in First Internet Bank because of the current challenges and the potential for further negative surprises, but I will keep the bank in my watch list. Read More
Posted: Jun 8 2023, 13:00
Author Name: Seeking Alpha
Views: 102482

INBK News  

Compared to Estimates, First Internet (INBK) Q3 Earnings: A Look at Key Metrics

By Zacks Investment Research
October 25, 2023

Compared to Estimates, First Internet (INBK) Q3 Earnings: A Look at Key Metrics

Although the revenue and EPS for First Internet (INBK) give a sense of how its business performed in the quarter ended September 2023, it might be wor more_horizontal

First Internet Bancorp (INBK) Matches Q3 Earnings Estimates

By Zacks Investment Research
October 25, 2023

First Internet Bancorp (INBK) Matches Q3 Earnings Estimates

First Internet Bancorp (INBK) came out with quarterly earnings of $0.39 per share, in line with the Zacks Consensus Estimate. This compares to earning more_horizontal

First Internet Bancorp to Announce Third Quarter 2023 Financial Results on Wednesday, October 25

By Business Wire
October 4, 2023

First Internet Bancorp to Announce Third Quarter 2023 Financial Results on Wednesday, October 25

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (www.firstib.com) more_horizontal

Can First Internet (INBK) Run Higher on Rising Earnings Estimates?

By Zacks Investment Research
August 18, 2023

Can First Internet (INBK) Run Higher on Rising Earnings Estimates?

First Internet (INBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions more_horizontal

Why You Should Buy First Internet Bancorp (INBK) Stock Now

By Zacks Investment Research
August 17, 2023

Why You Should Buy First Internet Bancorp (INBK) Stock Now

Solid loan and deposit balance, business streamlining and high rates are likely to keep supporting First Internet Bancorp (INBK) stock. more_horizontal

First Internet (INBK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

By Zacks Investment Research
July 26, 2023

First Internet (INBK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for First Internet (INBK) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to more_horizontal

First Internet Bancorp (INBK) Q2 Earnings and Revenues Surpass Estimates

By Zacks Investment Research
July 26, 2023

First Internet Bancorp (INBK) Q2 Earnings and Revenues Surpass Estimates

First Internet Bancorp (INBK) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compa more_horizontal

First Internet Bancorp to Announce Second Quarter 2023 Financial Results on Wednesday, July 26

By Business Wire
July 5, 2023

First Internet Bancorp to Announce Second Quarter 2023 Financial Results on Wednesday, July 26

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (www.firstib.com) more_horizontal


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