First Internet Bancorp — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
First Internet Bancorp reported Q2 2026 net income of $2.4M (vs. $0.2M YoY) and diluted EPS of $0.27 (vs. $0.02 YoY). Net interest income grew 16% to $32.4M with FTE NIM expanding 43bp to 2.47%. Total revenue reached $41.1M (+23% YoY); pre-provision net revenue grew 28% to $15.0M. Credit quality improved materially: nonaccrual loans declined 14% sequentially, NPLs fell to 1.58% (1.07% ex-guaranteed), delinquencies fell to 0.78%. Loan portfolio $3.8B (up 1% QoQ); deposits $4.8B with $3.6B fintech deposits (199% YoY growth, $2.4B held off-balance-sheet). Company guided FY2026 EPS $2.35–$2.45, loan growth 4–6%, FTE NIM 2.75–2.80% by Q4, and provision $47–48M.
Why this rating
Solid earnings recovery, margin expansion, and credit stabilization are material for a $215M market-cap company; 23% revenue growth and improving profitability trajectory offset modest balance-sheet growth constraints.
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