First Internet Bancorp has announced its financial results for the third quarter of 2026, revealing record quarterly revenue and continued expansion in its net interest margin. This performance is significant as it demonstrates the company’s resilience and growth in a competitive banking landscape.

On October 29, 2026, First Internet Bancorp (Nasdaq: INBK) reported a record revenue of $43.9 million for the quarter ending September 30, 2026. This represents a 7% increase from the previous quarter, driven by growth in both net interest income and noninterest income. The company also noted an expansion in its net interest margin, which rose to 2.47%, with a fully taxable equivalent net interest margin increasing to 2.55%.

Company Background

First Internet Bancorp is a financial institution based in Fishers, Indiana, primarily engaged in the business of state commercial banking. The company operates through its subsidiary, First Internet Bank, and is classified under the SIC code 6022. First Internet Bancorp trades on the Nasdaq under the ticker symbols INBK and INBKZ.

What the Filing Says

The recent SEC filing highlights the company’s impressive financial performance. According to the filing, "Total revenue rose 7% quarter-over-quarter to $43.9 million, driven by growth in both net interest income (up 7%) and noninterest income (up 6%)." Additionally, the company reported a significant decline in net charge-offs and delinquencies from the prior quarter.

Impact

This financial update is likely to affect various stakeholders, including shareholders, employees, and customers. The increase in revenue and net interest margin positions First Internet Bancorp favorably against its competitors in the state commercial banking sector. The positive financial results may also enhance investor confidence and contribute to the bank's growth strategy.

What's Next

The company is set to host a conference call and webcast on October 29, 2026, at 5:00 p.m. Eastern Time, to discuss its financial results in more detail. The filing does not specify any additional upcoming events beyond this call.