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First Internet Bancorp Sees Revenue Surge 23%
1 Aug
Summary
- Revenue grew 23% year-over-year to $41.1 million in Q2 2026.
- Net income for the second quarter of 2026 was $2.4 million.
- Company highlights improved credit performance and strengthened processes.
First Internet Bancorp announced its second-quarter 2026 financial results, revealing a notable 23% surge in total revenue to $41.1 million.
The company posted a net income of $2.4 million, equating to $0.27 per diluted share. This positive outcome was supported by a 16% rise in net interest income.
Management characterized the second quarter of 2026 as a pivotal moment for credit performance. This follows 18 months of dedicated efforts to enhance underwriting standards and risk management protocols.
While net charge-offs saw a slight sequential increase to $16.9 million, the provision for credit losses decreased to $13.4 million from the previous quarter, indicating improving credit metrics.
