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David Becker, Chief Executive Officer and Chairman of the Board of First Internet Bank of Indiana (First IB), will serve as 2003 Chairman of TechPoint, an organization designed to serve Indiana’s technology-related industries. He will assume his responsibilities while remaining active in his role at First IB. The result of a January 1, 2003 merger…
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First Internet Bank of Indiana today announced net income of $936,579 for the quarter ended September 30, 2002, representing its seventh consecutive quarter of profitability. Net income before taxes for the quarter was $223,420, down 36% from $349,723 for the same quarter in the prior year. Net income before taxes for the quarter ended September…
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First Internet Bank of Indiana (https://www.firstib.com/) today announced net income of $470,529 for the quarter ended June 30, 2002, representing its sixth consecutive quarter of profitability. Operating income – interest and non-interest income less non-interest expense and a provision for loan and lease losses – for the quarter was $722,999, up 36% from $530,285 for…
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First Internet Bank of Indiana today announced record net income of $798,735 for the quarter ended March 31, 2002. This is the fifth consecutive quarter of profitability First IB has reported Net income has increased fourfold over the same quarter in the previous year and includes a tax benefit of $268,450. Net income for the…
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First Internet Bank of Indiana (https://www.firstib.com/) has retained its ranking as the best bank operating solely via the Internet and the #2 online bank overall in the semi-annual scorecard published by Gomez, Inc., the Internet quality measurement firm. First IB has maintained the same high rankings for three consecutive evaluations published over the last year….
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First Internet Bank of Indiana today announced its fourth consecutive profitable quarter and the first full year of profitability in its three-year history. First IB attributed the earnings improvement to factors including disciplined expense management, more efficient asset allocation, and the success of efforts to attract core deposits capable of producing transactional revenues. First IB’s…
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First Internet Bank of Indiana today announced its third consecutive quarter of profitability. First IB’s earnings reflect aggressive initiatives to increase core deposits and maintain the quality and liquidity of the balance sheet. First IB’s net income for the first nine months of 2001 was $1,290,585, compared to a net loss of $3,744,929 in the…
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Company Ranked Highest Among Internet-Only Banks, #2 Overall First Internet Bank of Indiana (https://www.firstib.com/) continues to be recognized as one of the best banks on the Internet by Gomez, Inc., the Internet quality measurement firm. First IB, the first state-chartered, FDIC-insured institution to operate solely via the Internet, garnered a second-place overall ranking behind banking…
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Internet-Only Institution Reports Two Consecutive Quarters of Earnings First Internet Bank of Indiana today announced that it has recorded two consecutive quarters of profitability. First IB’s financial results reflect a growth in loan volume, reductions in overhead expenses, and the success of the institution’s brand development and customer acquisition initiatives. First IB’s earnings for the…
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Chairman and CEO of One of the Nation’s Premier Web-based Banking Concerns is Honored as the Top Regional Entrepreneur in the Financial Services Category First Internet Bank of Indiana (First IB) today reported that its Chairman and CEO, David B. Becker, was recently selected as the winner of the regional 2001 Ernst & Young Entrepreneur…