First Internet Bancorp (NASDAQ:INBK) Updates FY 2026 Earnings Guidance

First Internet Bancorp (NASDAQ:INBK) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.350-2.450 for the period, compared to the consensus EPS estimate of 2.100. The company issued revenue guidance of -.

First Internet Bancorp Stock Performance

Shares of INBK traded up $3.17 during trading hours on Friday, hitting $29.46. The stock had a trading volume of 273,060 shares, compared to its average volume of 29,020. First Internet Bancorp has a 12 month low of $17.05 and a 12 month high of $30.05. The firm has a market capitalization of $256.89 million, a PE ratio of -8.18 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a fifty day moving average price of $26.10 and a 200 day moving average price of $23.35.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. First Internet Bancorp had a negative net margin of 9.01% and a negative return on equity of 0.55%. The firm had revenue of $41.12 million for the quarter, compared to analysts’ expectations of $43.83 million. First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts anticipate that First Internet Bancorp will post 1.98 EPS for the current year.

First Internet Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.24 annualized dividend and a yield of 0.8%. First Internet Bancorp’s dividend payout ratio is currently -6.23%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen raised First Internet Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Piper Sandler increased their target price on shares of First Internet Bancorp from $26.00 to $29.50 and gave the company a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods boosted their target price on shares of First Internet Bancorp from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Benchmark raised their price target on First Internet Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings raised First Internet Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.38.

Key Stories Impacting First Internet Bancorp

Here are the key news stories impacting First Internet Bancorp this week:

• Positive Sentiment: Quarterly earnings significantly exceeded expectations. First Internet Bancorp reported second-quarter net income of $2.4 million, or $0.27 per diluted share, compared with $0.02 a year earlier and ahead of the roughly $0.15 consensus estimate. Revenue increased 23% year over year to $41.1 million, driven by higher net interest and noninterest income. First Internet Bancorp Reports Second Quarter 2026 Results
• Positive Sentiment: Full-year guidance was raised above Wall Street expectations. Management now expects 2026 diluted EPS of $2.35 to $2.45, compared with the prior consensus estimate of $2.10, providing a meaningful catalyst for the stock.
• Positive Sentiment: Credit quality improved. The provision for credit losses declined to $13.4 million from $16.3 million in the first quarter, while nonperforming loans improved to 1.58% of total loans from 1.63%. Loan balances also grew about 1% sequentially. First Internet Bancorp Q2 net income rises to $2.4 million
• Positive Sentiment: Analyst sentiment improved. Benchmark raised its price target from $33 to $35 and maintained a “buy” rating. Piper Sandler also increased its target from $26 to $29.50, though it retained a neutral rating. Analyst price target updates
• Neutral Sentiment: Unusually heavy options activity included purchases of 4,968 call contracts versus typical volume of about 22. This signals increased speculative interest but does not guarantee further gains.
• Negative Sentiment: Revenue of $41.1 million was below the $43.8 million consensus estimate, deposits declined by $150.3 million, or 3%, sequentially, and profitability metrics remain pressured, including a negative reported net margin and return on equity.

Hedge Funds Weigh In On First Internet Bancorp

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of First Internet Bancorp by 78.5% in the 1st quarter. Royal Bank of Canada now owns 13,789 shares of the bank’s stock valued at $369,000 after acquiring an additional 6,064 shares during the period. Empowered Funds LLC raised its stake in First Internet Bancorp by 81.4% in the first quarter. Empowered Funds LLC now owns 13,135 shares of the bank’s stock valued at $352,000 after buying an additional 5,893 shares in the last quarter. Jane Street Group LLC purchased a new stake in First Internet Bancorp during the first quarter worth approximately $297,000. Graham Capital Management L.P. purchased a new position in shares of First Internet Bancorp in the 4th quarter valued at $251,000. Finally, Jump Financial LLC purchased a new stake in shares of First Internet Bancorp in the 2nd quarter valued at about $236,000. Institutional investors and hedge funds own 65.46% of the company’s stock.

First Internet Bancorp Company Profile

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).