First Internet Bancorp Q1 2026 Financial Results

First Internet Bancorp reported its financial results for the first quarter ended March 31, 2026. The company announced a net income of $2.5 million, a significant increase of 166% compared to the same period in the previous year. Diluted earnings per share also saw a substantial rise of 164% to $0.29. Total revenue for the quarter reached $43.1 million, marking a 21% year-over-year increase, driven by a 26% growth in net interest income and an expanded net interest margin of 2.45% on a fully-taxable equivalent basis. The company highlighted strong loan production, particularly in commercial lending, and a robust loan pipeline. Deposits grew by 3% from the previous quarter to $5.0 billion. The provision for credit losses was $16.3 million. The company is broadly maintaining its 2026 financial guidance, though it acknowledges potential macroeconomic uncertainties. A conference call to discuss these results was scheduled for April 30, 2026.