First Internet Bancorp reported first quarter ended March 31, 2026 results: revenue $43.1 million, net income $2.5 million, EPS $0.29.
“• Revenue Momentum : Growth in net interest income (up 26%) and fully-taxable equivalent (“FTE”) net interest margin (now 2.45%) drove quarterly revenue up 21% year-over-year to $43.1 million. When combined with well-managed expenses, pre-provision net revenue grew 51% year-over-year. • Credit Trends : Provision for credit losses for the first quarter of 2026 of $16.3”
M&A Transactions
First Internet Bancorp completed a disposition involving entities affiliated with Blackstone Real Estate Debt Strategies for $836.9 million aggregate principal balance (closed 2025-09-18).
“the Bank completed the sale of $836.9 million aggregate principal balance of the Portfolio (the “Sale”) on September 18, 2025 for net proceeds, after transaction costs, of $794.2 million”
Restructurings & Charges
First Internet Bancorp announced a impairment with charges of approximately $33.5 million affecting single-tenant lease financing loans portfolio.
“First Internet Bancorp (the “Company”) estimates that it will recognize an after-tax charge in the quarter ending September, 30, 2025 of approximately $33.5 million, representing difference between the sale price of the Portfolio and its book value upon transfer to held for sale status and the subsequent Sale.”
Earnings Releases
First Internet Bancorp reported first quarter ended March 31, 2024 results: net income $5.2 million, EPS $0.59.
“First Internet Bancorp Reports First Quarter 2024 Results Fishers, Indiana, April 24, 2024 – First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024.”
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