$INBK

Piper Sandler maintained its rating on First Internet Bancorp (INBK) and raised its price target to $29.50 from $26.00, citing analyst Nathan Race. GuruFocus data shows GF Value of $27.29 versus a current price of $28.87, about 5.8% overvalued. GF Score is 60/100.

First Internet Bancorp (INBK) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 inbk-2q2026xex991.htm EX-99.1 Document First Internet Bancorp Reports Second Quarter 2026 Results - Net income of $2.4 million, up significantly from $0.2 million a year ago - - Diluted earnings per share of $0.27, up significantly from $0.02 a year ago - - Company to h

Indian Bank said it aims to recover Rs 4,500-5,500 crore of bad loans in FY27, after Rs 1,885 crore recovered in Q1. It targets about Rs 500 crore this FY from cases listed before NCLT. The bank also plans to raise around $2 billion in FCNR(B) deposits by September, having collected $140 million by July 9.

Indian Bank reported reviewed consolidated Q1 FY27 results for the quarter ended June 30, 2026. Net profit rose 47.46% to ₹3,356.63 crore from ₹2,276.37 crore a year earlier. Total income increased 11.06% to ₹20,997.38 crore. Gross NPA ratio fell to 1.86% from 3.01%, and net NPA ratio to 0.15%. Shares last traded at Rs. 870.95 on BSE.

Indian Bank shares rose about 10% after the bank reported Q1 FY27 results. Net profit increased 10% year on year to ₹3,300 crore. GNPA fell to 1.86% from 1.98% and net NPA stayed at 0.15%. Credit grew 14% and deposits 13.5% year on year, with slippages down to 0.77% and provisions down to ₹380 crore.

Eurobank and Estonia-based Inbank plan a 50/50 joint venture to build an embedded finance platform in Greece offering BNPL, point-of-sale financing, and consumer credit. The partners are pursuing Bank of Greece licensing, with commercial operations expected in Q1 2027. Inbank says it has 6,200+ merchant partners and 847,000+ active credit agreements.

Piper Sandler analyst Nathan Race raised the price target for First Internet Bancorp (INBK) to $24 from $23.50, while maintaining a Neutral rating. The firm noted that elevated credit costs, including net charge-offs and loan loss provisions, continue to affect the company's asset quality, potentially jeopardizing its 2026 guidance, though improvement is expected in the second half of the year. Despite these credit challenges, First Internet Bancorp reported strong Q1 2026 results, with total revenue up 21% year-over-year and deposits growing to $5 billion.

First Internet Bancorp (INBK) reported Q1 2026 revenue of US$26.8 million and basic EPS of US$0.29, despite a trailing twelve-month basic EPS loss of US$3.84. While recent quarters show profitability, the company's past volatility, particularly a significant loss in Q3 2025, and rising non-performing loans present challenges to a smooth recovery narrative. Valuation signals are mixed, with a low P/B ratio but a DCF fair value significantly below the current share price, making the bull case reliant on strong future growth.

First Internet Bancorp (INBK) significantly surpassed Q1 2026 earnings forecasts with an EPS of $0.29 against a $0.09 forecast, despite revenue falling short of expectations at $43.1 million. The company's stock rose by 1.51% following the announcement, driven by strong net interest income growth, strategic AI investments, and effective balance sheet management. Management remains confident in improving profitability through 2026 and aims for a 1% return on assets by 2027 by leveraging fintech deposits and disciplined lending.

First Internet Bank Chairman and CEO David Becker discusses the bank's history, from its founding as the first state-chartered, FDIC-insured online bank in 1999 to its current status as a $6 billion institution. He highlights the bank's core offerings, evolution of its technology with AI integration, and commitment to innovation and customer relationships. Becker also touches on regulatory challenges, key milestones, and future goals centered on leveraging AI for more responsive and efficient banking.