First Internet Bancorp Q4 Profit Declines

(RTTNews) - First Internet Bancorp (INBK), the parent corporation of First Internet Bank of Indiana, posted fourth-quarter net income of $666,000 or $0.19 per share, compared to $1.55 million or $0.54 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.12 per share. Analysts' estimates typically exclude special items.

Net interest income increased 21%to $4.96 million from $4.09 million in the year-ago period, while total non-interest income for the latest quarter was $1.17 million, compared to $3.81 million last year.