First Internet Bancorp posts record Q3 revenue but EPS misses Wall Street estimates
+1 new source since this summary was written
First Internet Bancorp reported record third‑quarter 2026 revenue of $43.9 million, driven by higher net interest income and expanding fintech deposits. Adjusted earnings per share were $0.57, falling short of the $0.76 consensus estimate. The company highlighted a net interest margin of 2.47% and loan balances of $3.9 billion. Fintech deposits surged 199% year‑over‑year to $4.7 billion.
Why it matters
The earnings miss may pressure the stock despite revenue growth, while the strong fintech deposit expansion signals a growing high‑margin funding source for future loan growth. Analysts will watch guidance for Q4 EPS, which the company projects at $1.02‑$1.07.
Key facts
- 1Revenue reached $43.9 million, a record for the company. investing.com
- 2Adjusted EPS was $0.57 per diluted share, missing the $0.76 consensus estimate by 25%. investing.com
- 3Net interest margin expanded to 2.47% in the quarter. investing.com
- 4Total loan balances grew to $3.9 billion, up 1% sequentially. investing.com
- 5Fintech deposits totaled $4.7 billion, a 199% increase year‑over‑year. investing.com
- 6Net interest income rose to $34.7 million, up 7% sequentially and 14% year‑over‑year. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.