Record Full-Year Profit For First Internet Bank

Fishers-based First Internet Bancorp (Nasdaq: INBK) is reporting record full-year net income of $15.2 million in 2017, up from $12.1 million the previous year. Chief Executive Officer David Becker says the banking company is positioned well to continue growth in 2018.

The parent of First Internet Bank is also reporting four quarter net income of $3.5 million, down from $4.9 million during the same quarter in 2016.

"I am proud to report our teams produced another year of balance sheet and earnings growth," Becker said in a news release. "Our lending efforts, including the additions of public finance and healthcare finance in 2017, had a solid year, which fueled record net interest income. In total, we grew loans by $840 million, or 67%, on a year-over-year basis."

You can connect to the full earnings report by clicking here.

First Internet Bank will be featured on the Culture Matters segment on Inside INdiana Business with Gerry Dick, which will air next weekend. You can find a list of showtimes throughout the state here.