First Internet Bancorp (FIBP.OB), Wednesday, reported a sharp increase in profit for the first quarter, mainly on higher non-interest income.
The Indianapolis, Indiana-based company reported a first-quarter net profit of $1.15 million or $0.60 per share, compared to $532 thousands or $0.28 per share last year.
Net interest income for the quarter grew to $3.93 million from $3.42 million, where as net interest income after provision for loan losses increased to $3.36 million from $2.90 million in the prior-year quarter.
For the quarter, total non-interest income soared to $2.04 million from $320 thousands in the prior-year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.