First Internet Bancorp (INBK)
NASDAQ:INBK
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Earnings Data
Report Date
Jul 29, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial picture: strong revenue growth (+21% YoY), robust net interest income growth (~26% YoY), meaningful margin expansion (+54 bps YoY), significant fintech/BaaS momentum (payments +260% YoY; fintech deposits +186% YoY) and solid capital metrics. These positives are tempered by near-term credit-related headwinds—elevated Q1 provisions and charge-offs, higher nonperforming loans, and an 11% YoY decline in loan balances—plus macro uncertainty and a deliberately slower SBA origination cadence that will depress near-term gain-on-sale revenue. Management expects credit costs to peak in the near term and improve in H2 2026, and they reiterated confidence in margin and revenue trajectory supported by deposit mix improvements and AI/technology investments.Company Guidance
Revenue Growth
Total revenue of $43.1 million in Q1 2026, up 21% year-over-year, reflecting diversified revenue streams and stronger lending yields.
Net Interest Income and Margin Expansion
Net interest income of $31.6 million ($32.8 million fully taxable equivalent), up ~26% (~25% FTE) year-over-year. Fully taxable equivalent net interest margin expanded to 2.45% (up 54 basis points YoY and 15 basis points sequentially). Management expects 10–15 bps of NIM improvement per quarter through year-end on a static balance sheet.
Pre-Provision Profitability
Pre-provision net revenue of $18.1 million, up 51% year-over-year, driven by revenue growth and disciplined expense management (noninterest expense up only 6% YoY to $25.0 million despite ongoing technology and AI investments).
Fintech / Banking-as-a-Service Momentum
Average fintech deposits totaled $2.4 billion in Q1, an increase of over 186% year-over-year; $1.5 billion of fintech deposits moved off balance sheet. Payments volume processed exceeded $82 billion in the quarter, up over 260% year-over-year. Quarterly fintech fee revenue grew from roughly $1.0M (Q4) to $1.5M (Q1), and Banking-as-a-Service revenue increased over 200% YoY (over 220% on a trailing 12-month basis).
Deposits and Funding Mix Improvement
Total deposits of $5.0 billion, up $142 million (3%) sequentially and up 1% YoY. Cost of interest-bearing deposits declined 56 basis points YoY to 3.45%. Fintech deposit cost ~3.19% versus weighted average cost of maturing CDs at 4.19% (new CDs ~3.62%), giving runway to lower funding costs as higher-cost CDs roll off.
Capital and Liquidity Strength
Regulatory capital ratios remained well above minimums with total capital ratio of 12.5% and Common Equity Tier 1 ratio of 8.97%, and management cites substantial liquidity coverage.
Technology & AI Investments Showing Early Benefits
Ongoing investments in AI and automation produced measurable impacts: deployed third-party fraud detection agents, virtual customer service agent resolving ~45% of inquiries, and early positive Net Promoter Score results above industry averages.
Commercial Lending Production and Pipelines
Total loans of $3.8 billion with strong production in single-tenant lease financing, construction lending, wealth advisory lending and equipment finance. Management reports robust commercial pipelines across multiple verticals and expects to deploy excess cash into higher-yielding loans.
INBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $22.92 | $23.72 | +3.49% |
Jan 29, 2026 | $22.17 | $21.73 | -2.02% |
Oct 22, 2025 | $21.78 | $19.67 | -9.68% |
Jul 23, 2025 | $27.15 | $23.94 | -11.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does First Internet Bancorp (INBK) report earnings?
First Internet Bancorp (INBK) is schdueled to report earning on Jul 29, 2026, TBA (Confirmed).
What is First Internet Bancorp (INBK) earnings time?
First Internet Bancorp (INBK) earnings time is at Jul 29, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INBK EPS forecast?
INBK EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.