Brief: First Internet Bancorp Q2 EPS USD 0.02

First Internet Bancorp

23/07/2025 22:26

Overview

First Internet Bancorp Q2 net income $0.2 mln, diluted EPS $0.02

Net interest income rises 11.5% from Q1, driven by higher loan yields

Outlook

Company expects 3Q25 loan growth of ~2% (not annualized)

Company projects 3Q25 net interest income of ~$33.5 mln

Company anticipates FY 2026 net interest margin of 2.50% - 2.60%

First Internet Bancorp sees FY 2026 loan growth of 5% - 7%

Result Drivers

NET INTEREST INCOME - Driven by increased yields on earning assets and lower funding costs, per CEO David Becker

LOAN AND DEPOSIT GROWTH - Loans grew by $108.2 mln and deposits by $353.2 mln from Q1, enhancing balance sheet liquidity

CREDIT QUALITY ISSUES - Elevated net charge-offs and nonperforming loans primarily in franchise finance and small business lending portfolios

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.02
Q2 Net Income
$193,000
Q2 CET1 Capital Ratio
8.9%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for First Internet Bancorp is $30.00, about 7.8% above its July 22 closing price of $27.66

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBwbpX6fGa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)