- The cost of funds will likely decline significantly in the next few quarters due to the upcoming maturities of Certificates of Deposits. The maturities will lift the net interest margin.
- Asset yields will likely improve as INBK intends to deploy excess cash into higher-yielding assets.
- Gains on sales of mortgage and small business loans will likely decline in 2021 after a spectacular year.
- The December 2021 target price suggests a limited upside from the current market price.
For further details see:
First Internet Bancorp: Earnings On Growth Track But Stock Price Is High