Lumida
/INBK
⌘K
First Internet Bancorp

First Internet Bancorp

INBK
$28.00USD↓-3.71%-1.08 today

MARKET CAP

244.5M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$28 – $29

52W RANGE

$17
$31

AI Summary

Stalk
StalkMedium

INBK is in a Stage 2 advancing phase within a long-term uptrend, but the recent Bullish Exhaustion candle at an extreme overbought level signals near-term rejection. The medium-term bias remains bullish given higher highs/lows and strong EMA alignment, yet execution now is discouraged. Better entry awaits a pullback into rising 9/21 EMAs or support near the 50 DMA to confirm absorption before resuming the advance.

  • ↑Q1 2026 total revenue $43.1M (+21% YoY) and net interest income $31.6M (+26% YoY)
  • ↑Provision for credit losses fell to $13.4M from $16.3M last quarter
  • ↓Credit provisions projected at $50–53M in 2026 signal persistent credit risk
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

First Internet Bancorp (NASDAQ: INBK) is an emerging leader in the digital banking space, focusing on small business and commercial lending while utilizing innovative technology solutions. The bank operates a fully digital model, effectively positioning itself amidst the evolving landscape of fintech-driven financial services. First Internet Bancorp seeks to capture a growing share of the market by enhancing its service offerings through diversified revenue streams and optimizing operational efficiencies, particularly in the provision of Banking-as-a-Service (BaaS).

Bull says

  • ↑Q1 2026 total revenue $43.1M (+21% YoY) and net interest income $31.6M (+26% YoY)
  • ↑Provision for credit losses fell to $13.4M from $16.3M last quarter
  • ↑Fintech partnership revenue jumped 220% YoY, boosting non-interest income
  • ↑Net interest margin rose to 2.39% in Q2; targeting 2.75% for 2026
  • ↑Launched JARIS BaaS partnership and SBA lending focus to drive growth
  • ↑Valuation attractive with high earnings yield, strong leverage use, positive growth signals

Bear says

  • ↓Credit provisions projected at $50–53M in 2026 signal persistent credit risk
  • ↓SBA loan originations down 18% YTD amid inflation and small-business pressures
  • ↓High leverage exposure (score 1.08) could stress balance sheet in volatility
  • ↓Negative liquidity signals may constrain funding and hinder growth plans
  • ↓Under-provision risk highlights earnings uncertainty: “Hope we don’t need that number”
  • ↓Elevated short interest, declining analyst revisions, and low profitability weigh on outlook

Investment themes with INBK

Regional Banks↑ +0.74%

BAC · FITB · HBAN

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-15-2026neutral

Transcript signals

Bull points

  • we're having a lot of success with a couple of our FinTech partners on the deposit side. And I think throughout the course of the rest of 2025, we expect pretty solid deposit growth there.
  • $600 million goals
  • Actually, George, we're going to hit the $600 million goal, probably beat it. We bet this year, and all indications, pipelines, and activity, we could get up to $650 to $700 million next year.

Bear points

  • we want to be, quite honestly, just conservative. We'd rather surprise you with lower numbers than continue to hit high numbers.
  • you know, residential mortgage and health care that are in decline.
  • we expect some tempering in the overall provision. However, it will remain elevated compared to historic levels.
Read full transcript analysis ›