First Internet Bancorp net income more than doubled to $2.51 million in Q1 2026

• First Internet Bancorp posted net income of $2.51 million, or $0.29 per share, for quarter ended March 31, 2026, up 166.1% from a year earlier.
• Net interest income rose 25.9% to $31.6 million, while net interest margin widened 54 basis points to 2.36%.
• Provision for credit losses increased 36.6% to $16.61 million, with net charge-offs of $15.8 million as it continued resolving problem loans in small business lending and franchise finance.
• Total deposits climbed 2.9% to $4.98 billion, driven by fintech partnership growth, while total assets increased 2.5% to $5.71 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Internet Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001562463-26-000046), on May 06, 2026, and is solely responsible for the information contained therein.