---
schema_version: "secwatch.filing_event.v1"
accession: "0001562463-23-000100"
form_type: "8-K"
ticker: "INBK"
cik: "0001562463"
company_name: "First Internet Bancorp"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:19:50.083643+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Internet Bancorp Q2 EPS $0.44; deposits up 6.4% QoQ; NIM narrows to 1.53%

## Summary
- Net income $3.9M, diluted EPS $0.44; deposit growth $232M (+6.4% QoQ).
- Net interest margin 1.53% (down 23bps QoQ) due to higher deposit costs; FTE NIM 1.64%.
- Nonperforming loans fell to 0.17% of total ($6.2M) from 0.26% linked quarter.
- Repurchased 203k shares at avg $13.52; tangible book value per share $39.85 (+1.6% QoQ).
- Noninterest income up 7.8% QoQ to $5.9M, driven by SBA loan sale gains of $4.9M.

## SEC filing metadata
- accession: 0001562463-23-000100
- form_type: 8-K
- ticker: INBK
- cik: 0001562463
- company_name: First Internet Bancorp
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000100/0001562463-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000100/inbk-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-23-000100
- JSON: https://secwatch.observer/filing/0001562463-23-000100.json
- Plain text: https://secwatch.observer/filing/0001562463-23-000100.txt

## Key facts
- Earnings Releases
  First Internet Bancorp reported second quarter ended June 30, 2023 results: net income Net income of $3.9 million, EPS diluted earnings per share of $0.44.
  - Period: second quarter ended June 30, 2023
  - Net income: Net income of $3.9 million
  - EPS: diluted earnings per share of $0.44
  - Result: reported results
  source text: Net income of $3.9 million and diluted earnings per share of $0.44
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000100/0001562463-23-000100-index.htm

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