First Internet Bancorp

INBK

Market cap $173M

First Internet Bancorp: Weaker Than Expected, But Baby Bonds Remain Attractive

First Internet Bancorp (INBK) Q4 2025 Earnings Call Transcript

While the top- and bottom-line numbers for First Internet (INBK) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Internet Bancorp (INBK) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.41 per share a year ago.

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the fourth quarter and fiscal year ended December 31, 2025. Key Business Updates Revenue Momentum: Strong growth in net interest income (up 29%) and fully-taxable equivalent (“FTE”) net interest margin (now 2.30%) drove adjusted quarterly revenue up 21% year-over-year to $42.1 million1. When combined.

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it will host a conference call and webcast to review fourth quarter 2025 and full year financial results on Thursday, January 29 at 5:00 p.m. Eastern Time. The financial results are scheduled to be released after the market closes on Thursday, January 29. Conference Call and Webcast Information: Date and Time: Thursday, January.

FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operatio.

First Internet Bancorp reported a weak Q3 due to large loan loss provisions and losses from loan sales, but these are largely non-recurring. INBK now trades at a 50% discount to tangible book value, with management guiding for improved net interest income and pre-provision profits in Q4. While Q4 remains uncertain due to potential loan loss provisions, consensus estimates for 2026 and 2027 EPS are strong, supporting a positive long-term outlook.

First Internet Bancorp (NASDAQ:INBK ) Q3 2025 Earnings Call October 23, 2025 2:00 PM EDT Company Participants David Becker - Chairman & CEO Nicole Lorch - President, COO & Corporate Secretary Kenneth Lovik - Executive VP & CFO Conference Call Participants Ben Brodkowitz Timothy Switzer - Keefe, Bruyette, & Woods, Inc., Research Division Brett Rabatin - Hovde Group, LLC, Research Division Nathan Race - Piper Sandler & Co., Research Division George Sutton - Craig-Hallum Capital Group LLC, Research Division John Rodis - Janney Montgomery Scott LLC, Research Division Presentation Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Conference Call for the Third Quarter of 2025. [Operator Instructions] And please note that today's event is being recorded.

While the top- and bottom-line numbers for First Internet (INBK) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.