--- title: "First Internet | 8-K: FY2026 Q2 Revenue: USD 41.12 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294410836.md" datetime: "2026-07-30T20:23:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294410836.md) - [en](https://longbridge.com/en/news/294410836.md) - [zh-HK](https://longbridge.com/zh-HK/news/294410836.md) generator: "portal-rs" --- # First Internet | 8-K: FY2026 Q2 Revenue: USD 41.12 M Revenue: As of FY2026 Q2, the actual value is USD 41.12 M. EPS: As of FY2026 Q2, the actual value is USD 0.27, beating the estimate of USD 0.1375. EBIT: As of FY2026 Q2, the actual value is USD 1.587 M. #### Net Income Net income was $2.4 million, a significant increase from $0.2 million in the prior year period . First Internet Bancorp reported a net income of $2.4 million for Q2 2026, marking a significant increase over Q2 2025 . #### Operational Costs Noninterest expense for the quarter was $26.122 million, compared to $25.027 million in Q1 2026 and $21.800 million in Q2 2025 . The noninterest expense was $26.1 million . The noninterest expense to average assets was 1.85% . #### Credit Quality Provision for credit losses was $13.4 million, a decrease of $2.9 million or 18% from the first quarter of 2026 . Total nonaccrual loans declined for the second consecutive quarter, down 14% from the first quarter of 2026 . Delinquencies 30 days or more past due decreased to 0.78% of total performing loans, down from 1.06% in the first quarter of 2026 . Net charge-offs to average loans increased to 1.77% from 1.65% in the first quarter of 2026 . Nonperforming loans (NPLs) to total loans were 1.58%, compared to 1.63% in the first quarter of 2026 . Allowance for credit losses - loans (ACL) to total loans was 1.39%, compared to 1.50% in the first quarter of 2026 . ACL to NPLs stood at 88%, or 130% excluding fully-guaranteed balances . The Allowance for Credit Losses (ACL) was $53.1 million . Net Charge-offs (NCOs) were $16.9 million, resulting in NCOs to average loans of 1.77% . Nonperforming Assets (NPAs) to total assets were 1.16%, and NPAs (excluding Government Guaranteed) to total assets were 0.82% . Early-stage delinquencies declined 57% from Q1 2026 and 75% from Q4 2025 . Small business lending delinquencies decreased to $1.5 million from $13.3 million in Q1 2026 . #### Balance Sheet Total loan balances were $3.8 billion, an increase of $35.2 million or 1% from the first quarter of 2026 . Total deposits were $4.8 billion, a decrease of $150.3 million or 3% from the first quarter of 2026 . The cost of interest-bearing deposits declined by 54 basis points from the prior year period to 3.38% . Approximately $2.4 billion of fintech deposits were moved off-balance sheet into a deposit network . The loans to deposits ratio was 79% . Total assets were $5,556,375 thousand as of June 30, 2026 . Total liabilities were $5,192,828 thousand as of June 30, 2026 . As of June 30, 2026, First Internet Bancorp reported total assets of $5.6 billion, total loans of $3.8 billion, and total deposits of $4.8 billion . The total loan portfolio included $3,811 million held for investment and $45 million held for sale . The cost of interest-bearing deposits was 3.42% . Total fintech deposits reached $3.6 billion, a 199% increase over Q2 2025 . Digital deposits amounted to $2.5 billion . #### Capital Ratios Tangible common equity to tangible assets was 6.46%, and 6.98% when excluding Accumulated Other Comprehensive Income (AOCI) and adjusted for normalized cash balances . The CET1 ratio was 8.90%, and the total capital ratio was 12.22% . Tangible book value per share was $41.09, up from $40.87 in the first quarter of 2026 . Tangible equity was $359 million . The Tangible Common Equity (TCE) to Tangible Assets (TA) was 6.46%, with an adjusted TCE to TA of 6.98% (excluding AOCI and adjusting for normalized cash balances) . The Common Equity Tier 1 (CET1) ratio was 8.90%, and total capital was 12.22% . Tangible book value per share was $41.09, an increase from Q1 2026 . #### Unique Metrics Fee revenue from the Banking-as-a-Service (BaaS) platform increased by 172% compared to the prior year period . SBA GOS Revenue was $4.7 million, and SBA 7(a) Guaranteed Balances Sold totaled $56.3 million . Fintech payments volume for the trailing twelve months (TTM) was $314 billion, representing a 256% increase over the TTM ended June 30, 2025 . #### Outlook / Guidance First Internet Bancorp anticipates diluted earnings per share for the full year 2026 to be in the range of $2.35 to $2.45 . Loan growth is projected to be between 4% and 6%, with FTE net interest margin expected to reach 2.75% to 2.80% by the fourth quarter of 2026 . The company estimates FTE net interest income between $141 million and $142 million, noninterest income between $40.5 million and $41 million, and noninterest expense between $106 million and $107 million, alongside a provision for credit losses of $47 million to $48 million . ### Related Stocks - [INBK.US](https://longbridge.com/en/quote/INBK.US.md) ## Related News & Research - [Itera ASA to present preliminary Q2 2026 results via webcast](https://longbridge.com/en/news/296590225.md) - [Flexsteel Q4 2026 Earnings Preview](https://longbridge.com/en/news/296031749.md) - [Jaguar Health schedules investor webcast on Q2 2026 financials](https://longbridge.com/en/news/296232253.md) - [Algorhythm Holdings Reports Second Quarter 2026 Financial Results](https://longbridge.com/en/news/296124832.md) - [Xer Tech Holding AB to webcast Q2 2026 results presentation](https://longbridge.com/en/news/296639521.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**