First Internet Bancorp (NASDAQ:INBK) Updates FY 2026 Earnings Guidance

First Internet Bancorp (NASDAQ:INBK) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.350-2.450 for the period, compared to the consensus earnings per share estimate of 2.100. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INBK shares. Keefe, Bruyette & Woods raised their price objective on shares of First Internet Bancorp from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of First Internet Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of First Internet Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Benchmark assumed coverage on shares of First Internet Bancorp in a report on Wednesday, June 24th. They issued a “buy” rating and a $33.00 price target for the company. Finally, Piper Sandler raised their price target on shares of First Internet Bancorp from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

First Internet Bancorp Price Performance

NASDAQ INBK traded down $0.43 during trading on Thursday, reaching $26.29. The company’s stock had a trading volume of 18,591 shares, compared to its average volume of 51,098. The stock has a market capitalization of $229.25 million, a PE ratio of -6.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a fifty day moving average of $25.94 and a 200 day moving average of $23.27. First Internet Bancorp has a one year low of $17.05 and a one year high of $28.88.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. First Internet Bancorp had a negative return on equity of 1.14% and a negative net margin of 9.60%.The firm had revenue of $41.12 million during the quarter, compared to the consensus estimate of $43.83 million. First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts expect that First Internet Bancorp will post 1.98 EPS for the current fiscal year.

First Internet Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.24 annualized dividend and a yield of 0.9%. First Internet Bancorp’s payout ratio is presently -6.23%.

Institutional Trading of First Internet Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of First Internet Bancorp by 202.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,789 shares of the bank’s stock valued at $48,000 after buying an additional 1,198 shares in the last quarter. Deutsche Bank AG grew its position in First Internet Bancorp by 4,390.4% in the fourth quarter. Deutsche Bank AG now owns 5,164 shares of the bank’s stock worth $108,000 after acquiring an additional 5,049 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in First Internet Bancorp by 19.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,024 shares of the bank’s stock valued at $126,000 after acquiring an additional 1,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in First Internet Bancorp by 62.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,759 shares of the bank’s stock valued at $183,000 after acquiring an additional 3,379 shares during the last quarter. Finally, Jump Financial LLC bought a new position in First Internet Bancorp in the second quarter valued at $236,000. Hedge funds and other institutional investors own 65.46% of the company’s stock.

First Internet Bancorp Company Profile

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).