---
schema_version: "secwatch.filing_event.v1"
accession: "0001562463-23-000110"
form_type: "8-K"
ticker: "INBK"
cik: "0001562463"
company_name: "First Internet Bancorp"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:36:07.561555+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Internet Bancorp Q3 net income $3.4M; NIM 1.39%, deposits up 5.9% QoQ

## Summary
- Net income $3.4M ($0.39 diluted EPS); NIM fell to 1.39% from 1.53% QoQ on higher deposit costs.
- Deposits grew $229.2M (+5.9% QoQ), loans +$88.2M (+2.4% QoQ); loans/deposits ratio 91.5%.
- SBA lending gain on sale $5.6M (+14.4% QoQ); ranked 9th most active 7(a) lender nationally.
- Nonperforming loans stable at 0.16% of total loans; net charge-offs $1.5M (0.16% annualized).
- Repurchased 97,834 shares at avg $18.29; tangible book value $39.57, down from $39.85.

## SEC filing metadata
- accession: 0001562463-23-000110
- form_type: 8-K
- ticker: INBK
- cik: 0001562463
- company_name: First Internet Bancorp
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000110/0001562463-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000110/inbk-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-23-000110
- JSON: https://secwatch.observer/filing/0001562463-23-000110.json
- Plain text: https://secwatch.observer/filing/0001562463-23-000110.txt

## Key facts
- Earnings Releases
  First Internet Bancorp reported the third quarter ended September 30, 2023 results: net income Net income of $3.4 million, EPS diluted earnings per share of $0.39.
  - Period: the third quarter ended September 30, 2023
  - Net income: Net income of $3.4 million
  - EPS: diluted earnings per share of $0.39
  - Result: reported results
  source text: On October 25, 2023, First Internet Bancorp (the "Company") issued a press release announcing its financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562463/000156246323000110/0001562463-23-000110-index.htm

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