First Internet | 10-Q: FY2025 Q3 Revenue: USD 84.39 M

Revenue: As of FY2025 Q3, the actual value is USD 84.39 M.

EPS: As of FY2025 Q3, the actual value is USD -4.76, missing the estimate of USD -2.3375.

EBIT: As of FY2025 Q3, the actual value is USD -84.9 M.

Commercial and Industrial: The balance as of September 30, 2025 was $206.3 million, compared to $120.2 million as of December 31, 2024.
Owner-Occupied Commercial Real Estate: The balance as of September 30, 2025 was $50.0 million, compared to $53.6 million as of December 31, 2024.
Investor Commercial Real Estate: The balance as of September 30, 2025 was $644.2 million, compared to $269.4 million as of December 31, 2024.
Construction: The balance as of September 30, 2025 was $300.3 million, compared to $413.5 million as of December 31, 2024.
Single Tenant Lease Financing: The balance as of September 30, 2025 was $108.1 million, compared to $949.7 million as of December 31, 2024.
Public Finance: The balance as of September 30, 2025 was $480.1 million, compared to $485.9 million as of December 31, 2024.
Healthcare Finance: The balance as of September 30, 2025 was $150.5 million, compared to $181.4 million as of December 31, 2024.
Small Business Lending: The balance as of September 30, 2025 was $401.6 million, compared to $331.9 million as of December 31, 2024.
Franchise Finance: The balance as of September 30, 2025 was $450.3 million, compared to $536.9 million as of December 31, 2024.

Residential Mortgage: The balance as of September 30, 2025 was $349.3 million, compared to $375.2 million as of December 31, 2024.
Home Equity: The balance as of September 30, 2025 was $15.8 million, compared to $18.3 million as of December 31, 2024.
Other Consumer Loans: The balance as of September 30, 2025 was $423.0 million, compared to $407.9 million as of December 31, 2024.

Net Cash (Used in) Provided by Operating Activities: For the nine months ended September 30, 2025, net cash used in operating activities was - $20.3 million, compared to net cash provided by operating activities of $19.1 million for the same period in 2024.
Net Cash Provided by (Used in) Investing Activities: For the nine months ended September 30, 2025, net cash provided by investing activities was $406.6 million, compared to net cash used in investing activities of - $341.3 million for the same period in 2024.
Net Cash (Used in) Provided by Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was - $65.1 million, compared to net cash provided by financing activities of $628.7 million for the same period in 2024.

Core Business Focus: The company plans to continue focusing on its core business areas, including commercial and industrial loans, investor commercial real estate, and public finance, with a strategic emphasis on maintaining credit quality and managing risk.
Non-Core Business: The company has sold $836.9 million of single tenant lease financing loans during the nine months ended September 30, 2025, indicating a strategic shift or divestiture in this segment.

Allowance for Credit Losses: The allowance for credit losses as of September 30, 2025 was $59.9 million, compared to $44.8 million as of December 31, 2024.
Net Loans: The net loans as of September 30, 2025 were $3,543.6 million, compared to $4,125.9 million as of December 31, 2024.