First Internet Bancorp (NASDAQ:INBK) Releases FY 2026 Earnings Guidance

First Internet Bancorp (NASDAQ:INBK) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.350-2.450 for the period, compared to the consensus estimate of 2.100. The company issued revenue guidance of -.

First Internet Bancorp Stock Performance

First Internet Bancorp stock traded down $0.43 during trading hours on Thursday, reaching $26.29. 18,591 shares of the company were exchanged, compared to its average volume of 32,337. The firm has a market cap of $229.25 million, a price-to-earnings ratio of -6.83 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $25.98 and a 200 day moving average of $23.30. First Internet Bancorp has a 12 month low of $17.05 and a 12 month high of $28.88.

First Internet Bancorp (NASDAQ:INBK) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. First Internet Bancorp had a negative net margin of 9.60% and a negative return on equity of 1.14%. The company had revenue of $41.12 million for the quarter, compared to analyst estimates of $43.83 million. First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, research analysts anticipate that First Internet Bancorp will post 1.98 earnings per share for the current year.

First Internet Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, June 30th. First Internet Bancorp’s payout ratio is currently -6.23%.

Analysts Set New Price Targets

A number of research firms have weighed in on INBK. Wall Street Zen upgraded shares of First Internet Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Benchmark began coverage on shares of First Internet Bancorp in a research note on Wednesday, June 24th. They issued a “buy” rating and a $33.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on First Internet Bancorp from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Piper Sandler lifted their price objective on First Internet Bancorp from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Weiss Ratings upgraded shares of First Internet Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Trending Headlines about First Internet Bancorp

Here are the key news stories impacting First Internet Bancorp this week:

• Positive Sentiment: First Internet Bancorp reported second-quarter net income of $2.4 million, or $0.27 per diluted share, compared with $0.2 million, or $0.02 per share, a year earlier. Earnings exceeded the analyst consensus of $0.15 per share. First Internet Bancorp Earnings Results
• Positive Sentiment: The bank raised its full-year 2026 diluted EPS outlook to $2.35-$2.45, above the $2.10 consensus estimate. The improved guidance suggests management expects earnings momentum to continue.
• Positive Sentiment: Credit trends improved: the provision for credit losses fell to $13.4 million from $16.3 million in the first quarter, while nonperforming loans declined to 1.58% of total loans from 1.63%. Loan balances also increased approximately 1% sequentially to $3.8 billion. First Internet Bancorp Reports Second Quarter 2026 Results
• Positive Sentiment: Revenue grew 23% year over year to $41.1 million, driven by 16% growth in net interest income to $32.4 million and 56% growth in noninterest income to $8.7 million.
• Neutral Sentiment: Recent coverage highlighted First Internet Bank’s focus on AI-powered financial intelligence and AI-enabled banking tools. The initiatives could support customer engagement over time, but no immediate financial contribution was provided. First Internet Bank AI-Powered Financial Intelligence
• Negative Sentiment: Quarterly revenue of $41.1 million fell short of the $43.83 million analyst estimate, indicating that the strong EPS result did not reflect an across-the-board revenue beat.
• Negative Sentiment: Total deposits declined $150.3 million, or 3%, from the prior quarter to $4.8 billion. The bank also continued to report a negative net margin and negative return on equity, underscoring ongoing profitability and funding pressures.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INBK. Empowered Funds LLC lifted its position in First Internet Bancorp by 7.1% during the 4th quarter. Empowered Funds LLC now owns 15,329 shares of the bank’s stock worth $320,000 after buying an additional 1,012 shares in the last quarter. XTX Topco Ltd bought a new position in shares of First Internet Bancorp in the fourth quarter worth about $206,000. Quadrature Capital Ltd bought a new position in shares of First Internet Bancorp in the fourth quarter worth about $473,000. Millennium Management LLC lifted its position in shares of First Internet Bancorp by 48.8% during the fourth quarter. Millennium Management LLC now owns 145,554 shares of the bank’s stock worth $3,038,000 after purchasing an additional 47,715 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of First Internet Bancorp by 2.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 45,229 shares of the bank’s stock worth $944,000 after purchasing an additional 1,012 shares in the last quarter. 65.46% of the stock is owned by institutional investors.

About First Internet Bancorp

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).