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Dec 31, 2025
First Internet Bancorp Q4 2025 Earnings Report
First Internet Bancorp reported Q4 2025 results with a return to profitability, supported by stronger net interest income and improved credit metrics.
Key Takeaways
First Internet Bancorp delivered solid Q4 2025 results with net income of $5.3 million and adjusted EPS of $0.64. Revenues grew on the back of stronger net interest income and margin expansion. Loan growth was healthy, and credit performance improved with reduced net charge-offs and provisions.
Net income reached $5.3 million, reversing prior quarter losses
Adjusted total revenue grew to $42.1 million, up 21% YoY
FTE net interest margin expanded to 2.30%, with net interest income at $31.5 million
Provision for credit losses declined significantly to $12.0 million
Revenue by Segment
Forward Guidance
Management expects continued loan growth and further net interest margin expansion in 2026, supported by repricing deposits and a solid commercial pipeline, although credit provisions are anticipated to remain elevated in H1.
Positive Outlook
- Loan growth expected in the range of 15% to 17%
- FTE net interest margin projected to expand to 2.75%-2.80% by Q4 2026
- FTE net interest income forecasted between $155M and $160M
- Noninterest income expected at $33M to $35M driven by BaaS and SBA
- Operating expenses guided at $111M to $112M
Challenges Ahead
- Provision for credit losses expected to remain elevated in H1 2026
- Q1 2026 credit loss provision projected between $17M and $19M
- Q2 2026 credit loss provision projected between $14M and $16M
- Ongoing resolution of problem loans expected to impact credit metrics
Historical Earnings Impact
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Avg. Return Before/After Earnings
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