Penny Stock News: First Internet Bancorp Announces First Quarter 2011 Results

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INDIANAPOLIS–(BUSINESS WIRE)–First Internet Bancorp (OTCBB:FIBP), parent company of First Internet Bank of Indiana (“Bank”), which has provided online retail and business banking services nationwide since 1999, today announced first quarter
2011 results. Following a record year in 2010 for earnings, net interest
income and non-interest income, First Internet Bancorp (“Bancorp”)
reported first quarter 2011 net income of $532,342, or $0.28 per share.
Total assets of $535.7 million were also reported, the highest since
June 30, 2009.

“We view our steady growth in loans and deposits, both year-over-year
and compared with year-end 2010 levels, as a very positive indication of
our ability to leverage our capabilities and cost-effective infrastructure”

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Article source: http://www.businesswire.com/news/home/20110513005678/en/Internet-Bancorp-Announces-Quarter-2011-Results