StoneX reiterates Buy on First Internet Bancorp stock at $35
StoneX reiterated a Buy rating on First Internet Bancorp (INBK) with a $35 price target, citing undervaluation and strong Q2 2026 earnings. The bank reported $0.27 EPS, beating estimates, though revenue missed. The company has maintained dividends for 15 years and shows improving credit trends.
How this was made
The 30-second read
Why it matters
Earnings beat highlights operational strengths but revenue shortfall tempers enthusiasm.
Market read
Earnings beat provides a short-term trading catalyst for INBK.
What to watch
Potential headwinds from credit quality and macro interest rate environment.
Background
First Internet Bancorp is a bank holding company focusing on commercial and consumer banking.
Ticker impact
First Internet Bancorp reported Q2 2026 earnings of $0.27 EPS, beating estimates of $0.16.
Potential modest rally as investors price in beat and improved margins.
Beat driven by higher net interest margin and credit cost management; revenue miss may limit upside.
Market effects
Positive earnings may lift other regional banks and fintech lenders.
May boost US small-cap banking sector sentiment.
Limited to US banking niche.
Counterpoint
Revenue miss could signal underlying demand weakness, cautioning against overbuying.
Key entities
- CompanyFirst Internet Bancorp
Bank holding company reporting Q2 2026 earnings.




