First Internet Bancorp (INBK) Form 10-Q — Aug 5, 2026
First Internet Bancorp reported Q2 2026 net income of $2.4 million, or $0.27 diluted EPS, versus $0.2 million, or $0.02, a year earlier — a 1,126.4% increase driven by 15.9% growth in net interest income and 56.3% growth in noninterest income. Net interest margin expanded to 2.39% from 1.96% year-over-year as the funding mix shifted toward lower-cost fintech deposits, and pre-provision net revenue rose 27.7% to $15.0 million.
Key figures
- Eps
- $0.27 diluted Q2 2026 vs $0.02 Q2 2025; $0.55 1H 2026 vs $0.13 1H 2025
- Net Income
- $2.4 million Q2 2026 vs $0.2 million Q2 2025; $4.9 million 1H 2026 vs $1.1 million 1H 2025
- Total Debt
- $345.1 million ($239.5 million FHLB advances plus $105.6 million subordinated debt)
- Total Assets
- $5.6 billion
- Cash Position
- $411.0 million (total cash and cash equivalents)
- Shares Outstanding
- 8733574
- Ppnr q2
- $15.0 million, up 27.7% YoY
- Roaa q2
- 0.17%
- Roae q2
- 2.56%
- Total deposits
- $4.8 billion
- Net interest margin
- 2.39% Q2 2026 vs 1.96% Q2 2025 (FTE: 2.47% vs 2.04%)
- Sba 7a closings ttm
- $437.7 million
- Shareholders equity
- $363.5 million
- Book value per share
- $41.63
- Total past due loans
- $60.7 million at June 30, 2026 vs $81.8 million at December 31, 2025
- Q2 noninterest income
- $8.7 million, up 56.3% YoY
- Ytd gross charge offs
- $33.7 million
- Q2 net interest income
- $32.4 million, up 15.9% YoY
- Allowance for credit losses
- $53.1 million at June 30, 2026
- Tangible book value per share
- $41.09
- Q2 provision for credit losses
- $13.5 million
- Dividends declared per share q2
- $0.06
Price after filing
1 day: -0.3%7 days: -0.5%30 days: -2.5%
Close on the filing date to close N calendar days later (from $29.34). Historical, not a forecast.
AI analysis
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