Record Profit For First Internet Bank

First Internet Bancorp is headquartered in Fishers.

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Fishers-based First Internet Bancorp (Nasdaq: INBK) is reporting record first quarter net income of $6 million, up from $2.8 million during the same period last year. The results follow a strong year in 2017 for the parent of First Internet Bank, which has seen record earnings in three of the past four quarters.

Chief Executive Officer David Becker calls the 113 percent jump in net income a strong start to the year. "Even in this intensely competitive environment, we have stayed true to our credit discipline. We will not sacrifice price or credit for the sake of loan growth. As we move into the second quarter, our loan pipelines remain healthy."

You can connect to the full earnings report by clicking here. In January, First Internet Bank was featured in the Culture Matters segment on Inside INdiana Business with Gerry Dick, which you can view below: