First Internet Bancorp Posts Record $43.9M Revenue, Guides 4Q26 EPS to $1.02-$1.07
INBK sits 60% above its 52-week low of $17.05.
Summary
First Internet Bancorp reported record quarterly revenue of $43.9 million and $0.54 diluted EPS for 3Q26, then guided fourth-quarter EPS to $1.02-$1.07 on a 2.75%-2.80% FTE margin. Credit improved on charge-offs but nonperforming loans rose on franchise finance, and tangible book value slipped to $40.04.
Key Events · Earnings and Guidance · INBK
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Record Revenue, Earnings Double Sequentially
3Q26 net income of $4.8 million, or $0.54 per diluted share, on record revenue of $43.9 million, up 7% from 2Q26; adjusted diluted EPS was $0.57.
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4Q26 Guidance Roughly Doubles EPS
Management guides fourth-quarter diluted EPS of $1.02 to $1.07, FTE net interest income of about $38.5 million and FTE NIM of 2.75%-2.80%, assuming a 25 bp Fed hike in December.
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Margin Expansion Continues
FTE net interest margin rose 8 bps to 2.55% from 2.47% in 2Q26 and 43 bps from 2.12% a year ago, helped by retiring higher-cost CDs and brokered deposits.
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Credit Mixed: Charge-Offs Down, NPLs Up
Net charge-offs fell to 0.82% of average loans from 1.77%, but nonperforming loans rose to 1.63% of loans from 1.58% as franchise finance loans moved to nonaccrual, including a large relationship carrying $2.6 million of specific reserves.
Analysis · INBK · Finance
Third-quarter earnings roughly doubled sequentially to $4.8 million ($0.54 per diluted share) on record revenue of $43.9 million, with the FTE net interest margin widening 8 bps to 2.55%. The bigger news is the fourth-quarter guide: management projects diluted EPS of $1.02 to $1.07 — roughly double the just-reported quarter — on FTE net interest income of about $38.5 million and a 2.75%-2.80% FTE margin, assuming another 25 bp Fed hike in December. Credit is the offset: net charge-offs fell to 0.82% of average loans from 1.77%, but nonperforming loans ticked up to 1.63% of loans as franchise finance loans, including one large relationship, moved to nonaccrual with $2.6 million of specific reserves. Tangible book value slipped to $40.04 per share from $41.09 and tangible common equity to tangible assets fell to 5.94% from 6.46%, so the capital build matters as much as the earnings beat.
How filings like this one have moved
In the 30 days to Nov 12, 2026, 47.3% of the 1873 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.17%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, INBK was trading at $27.27 on NASDAQ in the Finance sector, with a market capitalization of approximately $238.2M. The 52-week trading range was $17.05 to $31.09. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.