---
schema_version: "secwatch.filing_event.v1"
accession: "0001562463-23-000044"
form_type: "8-K"
ticker: "INBK"
cik: "0001562463"
company_name: "First Internet Bancorp"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:48:37.966834+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Internet Bancorp Q1 net loss $1.3M, adjusted EPS $0.53; deposit growth $181M

## Summary
- Net loss $1.3M ($0.14 EPS); adjusted net income $4.8M ($0.53 EPS) excluding $4.7M charge-off and $3.0M mortgage exit costs.
- Deposits grew $181M (5.3% QoQ); uninsured deposits 26% of total; no new FHLB/Fed borrowings; borrowing capacity $628M.
- Net interest margin fell to 1.76% (FTE 1.89%) from 2.09% in Q4 2022 due to higher deposit costs.
- Nonperforming loans rose to 0.32% of total; ACL increased to 1.02%; net charge-offs $5.0M on one C&I participation loan.
- Capital solid: CET1 10.35%, tangible common equity to assets 7.47%; repurchased 161,691 shares at avg $24.50.

## SEC filing metadata
- accession: 0001562463-23-000044
- form_type: 8-K
- ticker: INBK
- cik: 0001562463
- company_name: First Internet Bancorp
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000044/0001562463-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000044/inbk-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-23-000044
- JSON: https://secwatch.observer/filing/0001562463-23-000044.json
- Plain text: https://secwatch.observer/filing/0001562463-23-000044.txt

## Key facts
- Earnings Releases
  First Internet Bancorp reported the first quarter ended March 31, 2023 results: net income Net loss of $1.3 million, EPS diluted loss per share of $0.14.
  - Period: the first quarter ended March 31, 2023
  - Net income: Net loss of $1.3 million
  - EPS: diluted loss per share of $0.14
  - Result: reported results
  source text: Net loss of $1.3 million and a diluted loss per share of $0.14
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000044/0001562463-23-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.