First Internet reports record quarterly earnings

April 21, 2016

First Internet Bancorp on Thursday reported record earnings in the first quarter.

The Fishers-based parent of First Internet Bank said it earned $2.4 million, or 53 cents per share, in the first period, compared with earnings of $2.1 million, or 46 cents per share, in the same quarter of 2015.

The bank increased its loan total to $1 billion as of March 31, up 35.6 percent over the same date of 2015.

Consumer loan balances rose 1 percent during the quarter, to $370 million, and commercial loans rose 14 percent, to $666.3 million.

First Internet shares rose 3 cents Thursday, to close at $24.25 each.


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