First Internet Bancorp Reports Record Q3 2026 Revenue and Strong Earnings Growth
First Internet Bancorp (INBK) delivered a strong third quarter in 2026, reporting record total revenue of $43.9 million, a 7% increase from the previous quarter. Adjusted net income reached $5.1 million, or $0.57 per diluted share. The company saw significant improvements in credit quality, with net charge-offs dropping to 0.82% and performing loan delinquencies falling to 0.48%, down from much higher levels in the second quarter. Growth was driven by a 13% sequential increase in fintech fee revenue and an expansion of the fully taxable equivalent net interest margin to 2.55%. While small business lending saw a 14% rise, management noted that production fell short of expectations due to subdued industry activity. Looking ahead, the company issued optimistic Q4 guidance, projecting diluted earnings per share between $1.02 and $1.07, nearly doubling current operating levels.
Topics: fintech deposits loan portfolio net income revenue growth small business lending