FISHERS, Ind. (AP) _ First Internet Bancorp (INBK) on Wednesday reported first-quarter profit of $6 million.

The bank, based in Fishers, Indiana, said it had earnings of 62 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The internet bank posted revenue of $42.5 million in the period. Its revenue net of interest expense was $21.2 million, also beating Street forecasts.

First Internet shares have declined 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.40, a fall of 37% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INBK at https://www.zacks.com/ap/INBK

Automated Insights, source Associated Press News