2023-04-26 17:11:59 ET
- First Internet Bancorp press release ( NASDAQ: INBK ): Q1 Non-GAAP EPS of $0.53 beats by $0.06 .
- Revenue of $25.02M (-23.3% Y/Y) beats by $3.02M .
- As of March 31, 2023, total shareholders’ equity was $357.3 million, a decrease of $7.7 million, or 2.1%, compared to December 31, 2022, and a decrease of $17.4 million, or 4.6%, compared to March 31, 2022.
- The provision for loan losses in the first quarter was $7.2 million, compared to $2.1 million for the fourth quarter of 2022.
- Total loans as of March 31, 2023 were $3.6 billion, an increase of $110.1 million, or 3.1%, compared to December 31, 2022, and an increase of $728.7 million, or 25.3%, compared to March 31, 2022.
- Total commercial loan balances were $2.8 billion as of March 31, 2023, an increase of $88.7 million, or 3.3%, compared to December 31, 2022, and an increase of $468.0 million, or 20.0%, compared to March 31, 2022.
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First Internet Bancorp Non-GAAP EPS of $0.53 beats by $0.06, revenue of $25.02M beats by $3.02M