First Internet Bancorp Overview
Pro stress-test →First Internet Bancorp operates nationwide lending and Banking-as-a-Service platforms, underpinned by rapid fintech deposit growth and resilient commercial production in targeted sectors. The company is a publicly-traded commercial bank parent company based in Fishers, Indiana, operating First Internet Bank. In Q1 2026, the company reported net income of $2.5 million, up 166% year-over-year, with diluted earnings per share of $0.29.
Strategic Profile
Pro stress-test →The company is experiencing revenue momentum with net interest income growth of 26% and a fully-taxable equivalent net interest margin of 2.45%, driving quarterly revenue up 21% year-over-year to $43.1 million. Noninterest income of $11.5 million was helped by $7.4 million of gains on loan sales and higher servicing revenue, though the company faces credit pressures reflected in an elevated provision for credit losses of $16.6 million and stress in segments such as small business and franchise finance.
Competitive Landscape
Pro stress-test →First Internet Bancorp competes in the commercial banking and digital banking space with fintech-focused platforms. Direct competitors include regional banks offering business lending and Banking-as-a-Service platforms, as well as pure-play fintech banks and lending marketplaces targeting small business and franchise finance segments.
Industry Context
First Internet Bancorp operates in Commercial Banking.
Key facts
Founded: N/A · Headquarters: Fishers, Indiana · Employees: N/A · Revenue: $43.1 million (Q1 2026 quarterly) · Market cap: N/A