Earnings Releases·Oct 29, 2026, 4:12 PM ET

First Internet Bancorp — Third Quarter 2026 Earnings Summary

Total revenue reached a record $43.9 million (up 7% QoQ, 1% YoY), while diluted EPS surged to $0.54 from $0.27 in the prior quarter and a $4.76 loss in the prior year period.
Net interest income grew 14% year-over-year to $34.7 million, and the net interest margin expanded 43 basis points year-over-year to 2.47%, driven by fintech deposit growth and portfolio yield increases.
Q4 2026 diluted EPS guidance was set at $1.02 to $1.07, with FTE net interest margin projected between 2.75% and 2.80% assuming a 25 basis point Fed Funds rate increase in December.
Provision for credit losses decreased 13% quarter-over-quarter to $11.6 million, though nonperforming loans to total loans rose to 1.63% due to specific reserves on franchise finance loans.
Management highlighted continued strategy execution with record net interest income and fintech fee revenue growth, while noting $0.4 million in non-recurring severance costs.