First Internet Bancorp's Q3 adjusted revenue up on higher asset yields

First Internet Bancorp

22/10/2025 22:03

Overview

First Internet Bancorp Q3 adjusted revenue grows 30% yr/yr to $43.5 mln

Adjusted EPS for Q3 misses analyst expectations

Company reports Q3 net loss of $41.6 mln due to loan sale loss

Outlook

Company expects improved performance due to cleaner credit profile and reduced delinquencies

First Internet Bancorp aims to achieve a ROAA of 1%

Company sees robust loan pipelines supporting future earnings growth

Result Drivers

REVENUE GROWTH - Adjusted revenue increased 30% yr/yr due to higher yields on earning assets and reduced funding costs

CREDIT MANAGEMENT - Decisive actions in credit management improved asset quality and reduced delinquencies

LOAN SALE - Completed major loan sale to enhance regulatory capital ratios and balance sheet flexibility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Miss
-$1.43
$0.72 (4 Analysts)
Q3 EPS
-$4.76
Q3 Net Income
-$41.59 mln
Q3 Net Interest Income
$30.4 mln
Q3 CET1 Capital Ratio
9.24%


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 $27.00, about 19.8% above its October 21 closing price of $21.66

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw5c0n6Na

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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.)