Record $43.9M Revenue, EPS of $0.54 and Q4 Guide of $1.02-$1.07 Lift First Internet
INBK sits 60% above its 52-week low of $17.05.
Summary
First Internet Bancorp earned $4.8 million, or $0.54 per diluted share, in Q3 2026 — roughly double the $2.4 million posted in Q2 — on record revenue of $43.9 million, up 7% quarter-over-quarter, with adjusted EPS of 57 cents. FTE net interest margin expanded 8 bps to 2.55% as fintech deposits replaced higher-cost CDs and brokered funding, and pre-provision net revenue rose 14% to $17.1 million. Credit is improving: provision fell 13% to $11.6 million and net charge-offs dropped to 0.82% of average loans from 1.77%, though the company booked $2.6 million of specific reserves on a large franchise finance relationship moved to nonaccrual, pushing NPLs to 1.63% of loans. Management guided Q4 EPS to $1.02-$1.07 with FTE NIM of 2.75%-2.80%, assuming a 25 bp Fed hike in December — a big step up from this quarter's $0.54; the Q4 outlook also targets FTE net interest income of about $38.5 million, noninterest income of about $7.5 million, noninterest expense of about $26.5 million and provision of $7.5 million-$8.0 million. The Q4 guide is the number that matters; the conference call is at 5:00 p.m. ET today.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Q4 2026 outlook also targets FTE net interest margin of 2.75%-2.80%, FTE net interest income of about $38.5 million, noninterest income of about $7.5 million, noninterest expense of about $26.5 million and provision of $7.5 million-$8.0 million.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.