First Internet Bancorp

First Internet Bancorp's board of directors has declared a quarterly cash dividend of $0.06 per common share. The dividend is payable on October 15, 2026 to shareholders of record at the close of business on October 1, 2026. The company said the declaration and amount of any future cash dividends will be subject to the sole discretion of the board and will depend on factors including results of operations, financial condition, capital requirements, regulatory and contractual restrictions, and business strategy. First Internet Bancorp is a bank holding company with assets of $5.6 billion as of June 30, 2026, and its common stock trades on the Nasdaq Global Select Market under the symbol INBK.

First Internet Bancorp reported second quarter 2026 results that management described as an inflection point, with total revenue growing 23% year over year to $41.1 million and non-GAAP diluted earnings per share rising to $0.27 from $0.02 in the prior year period. Pre-provision net revenue increased 28% to $15.0 million, while the net interest margin on a fully taxable equivalent basis expanded 43 basis points to 2.47%, driven by lower deposit costs and an improved funding mix. Provision for credit losses declined 18% from the first quarter to $13.4 million, and non-performing loans fell to $60.1 million, or 1.58% of total loans, marking the first sequential decline in several quarters. Small business lending delinquencies dropped sharply to $1.5 million from $13.3 million in the prior quarter, and early-stage delinquencies in the franchise finance portfolio have fallen over 85% since the end of 2025. The company raised its full-year non-interest income guidance to $40.5 million to $41 million, citing strength in Banking-as-a-Service fees and loan sale premiums, while lowering its net interest income outlook to $141 million to $142 million due to a smaller balance sheet and elevated payoffs. Full-year EPS guidance was maintained at $2.35 to $2.45, and the company expects continued net interest margin expansion supported by the repricing of $445 million in certificates of deposit maturing in the third quarter at a weighted average cost of 4.04%.