INBK news & sentiment — First Internet Bancorp

MAY 14·Insider MonkeyMed

Piper Sandler Says Elevated Credit Costs Continue to Weigh on First Internet Bancorp (INBK)

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.

MAY 1·Simply Wall Street

First Internet Bancorp (INBK) Q1 EPS Profitability Tests Bearish Volatility Narrative

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.

MAY 1·Investing.com India

Earnings call transcript: First Internet Bancorp Q1 2026 EPS beats forecasts

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.

$INBK

Piper Sandler Says Elevated Credit Costs Continue to Weigh on First Internet Bancorp (INBK)

First Internet Bancorp (INBK) Q1 EPS Profitability Tests Bearish Volatility Narrative

Earnings call transcript: First Internet Bancorp Q1 2026 EPS beats forecasts

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