Fishers-based First Internet Bancorp (Nasdaq: INBK) is reporting first quarter net income of $5.7 million, down from $6 million during the same period last year. The parent of First Internet Bank also celebrated its 20th anniversary during the quarter and was named one of the “Best Places to Work in Indiana” by the Indiana Chamber of Commerce.
Chief Executive Officer David Becker says the company made strides this quarter that they will focus on going forward by attaining Preferred Lending Partner status from the Small Business Administration.
"Looking ahead, we will remain disciplined in our capital allocation, prudently managing our loan growth while also selectively selling pools of lower yielding assets and redeploying the proceeds into higher yielding new originations to drive increased profitability and shareholder value," said
You can connect to the full first quarter earnings report by clicking here.