First Internet Bancorp (INBK)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$28.69-0.14%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Broken: Primary pillar broken — Revenue reaches $155M to $160M: FY26 revenue guidance $141.5M vs $155M target.
First Internet Bancorp aims to grow revenue to about $155M-$160M in 2026. It targets earnings per share near $2.35-$2.45 in the same year. The bank manages credit losses between $50M and $53M to control costs. It maintains a steady dividend of $0.06 per share each quarter.
Credit costs remain high and pressure profits. Revenue and earnings could fall short of targets. The bank is still loss-making and faces elevated risks.
The price is about 39% below our fair value near $45. Analysts expect revenue to shrink about 34% next year. Our view is more optimistic on revenue and earnings recovery.
Breaks if: Provision exceeds $55 million in FY26
Breaks if: Dividend cut below $0.06 per share
Breaks if: EPS falls below $2.20 in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable financial institution with a focus on maintaining consistent income and dividends. The current thesis is cautious, reflecting a mix of recent strong performance and potential risks ahead.
The market appears to price INBK as a cheaper option compared to its peers, with a slight expectations gap. The valuation suggests that investors may have low expectations for future performance, given the current economic backdrop.
Management has shown strong execution in maintaining revenue and dividends, but there are mixed signals regarding credit loss provisions. The near-term risk of missing earnings is low, but the company has a history of erratic earnings surprises.
The long-term thesis hinges on the performance of sector bellwethers and management's ability to meet guidance. Positive momentum in the financial sector could support INBK, while any negative guidance could lead to a decline.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The latest earnings beat supports a positive outlook. However, managing provision for credit losses at $47M to $48M poses a challenge.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $150 million in FY26
Overall, INBK is navigating a complex environment with strong fundamentals but elevated risks. Not investment advice.