Piper Sandler lowered the firm’s price target on First Internet Bancorp (INBK) to $23.50 from $24 and keeps a Neutral rating on the shares. The firm says “this was another disappointing quarter” given still elevated NCOs and with 2026 guidance signaling credit costs are likely to remain elevated at least through the first half of 2026.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INBK: