First Internet Bancorp's Q4 revenue rises

First Internet Bancorp

29/01/2026 21:16

Overview

Digital bank's Q4 adjusted revenue grew 21% yr/yr, driven by net interest income increase

Net income for Q4 was $5.3 mln, with adjusted EPS of $0.64

Outlook

Company expects 2026 loan growth of 15% to 17% driven by strong pipelines

First Internet Bancorp projects 2026 FTE net interest margin of 2.75% to 2.80%

Company anticipates 2026 provision for credit losses of $50 mln to $53 mln

Result Drivers

NET INTEREST INCOME - Co reported a 29% increase in net interest income, contributing to a 21% rise in adjusted revenue

CREDIT TRENDS - Provision for credit losses declined significantly, reflecting improved credit trends and lower net charge-offs

LOAN PRODUCTION - Robust commercial loan production, driven by single tenant lease financing and construction, supported net interest income growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.60
Q4 Net Income
$5.29 mln
Q4 CET1 Capital Ratio
8.93%


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 $25.00, about 17.8% above its January 28 closing price of $21.22

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw9cyFfHa

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(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.)