First Internet (NASDAQ:INBK) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
First Internet beat estimated earnings by 54.84%, reporting an EPS of $0.48 versus an estimate of $0.31.
Revenue was down $268 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 9.81% increase in the share price the next day.
Here’s a look at First Internet’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.36 | 0.38 | 0.46 | 0.70 |
| EPS Actual | 0.39 | 0.44 | 0.53 | 0.68 |
| Revenue Estimate | 19.92M | 19.81M | 22.17M | 23.46M |
| Revenue Actual | 24.79M | 24.02M | 25.02M | 27.48M |
To track all earnings releases for First Internet visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
