First Internet Bancorp — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
First Internet Bancorp (INBK, $215M market cap) reported Q3 2026 net income of $4.8M ($0.54 diluted EPS) and adjusted net income of $5.1M ($0.57 EPS). Record quarterly revenue reached $43.9M (up 7% QoQ), with net interest income of $34.7M (up 7%) and FTE NIM expanding 8 bps to 2.55%. Total deposits grew 7% to $5.2B including $341.6M fintech deposits; loans totaled $3.9B (up 1% QoQ). Provision for credit losses fell 13% to $11.6M with net charge-offs declining to 0.82% from 1.77%, though NPLs rose to 1.63% due to franchise finance relationships moved to nonaccrual status.
Why this rating
Strong operating momentum with record revenue and NIM expansion; deposit growth from fintech partnerships; improving credit trends. Modest loan growth and rising NPLs offset gains. Relative to $215M market cap, $4.8M net income is meaningful but not transformational.
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