Key Highlights

  • First Internet Bancorp's $0.06 quarterly dividend goes ex-dividend October 1, 2026 and is payable October 15 to shareholders of record.
  • Second-quarter net income was $2.4 million, or $0.27 per diluted share, compared with $0.2 million, or $0.02.
  • The provision for credit losses was $13.4 million versus $16.3 million in the first quarter of 2026.
  • Nonperforming loans were 1.58% of total loans versus 1.63% in the first quarter, and tangible book value per share was $41.09.

Overview

First Internet Bancorp's (NASDAQ:INBK) $0.06 quarterly dividend, declared September 21, 2026, yields 0.92%. Second-quarter diluted EPS was $0.27 and six-month diluted EPS was $0.55, and 2026 diluted EPS guidance is $2.35 to $2.45. Tangible book value per share, a non-GAAP measure, was $41.09.

Dividend Program and Shareholder Returns

First Internet Bancorp's board declared a quarterly dividend of $0.06 per common share on September 21, 2026, payable October 15 to shareholders of record on October 1.

The latest filing identifies no special or supplemental common dividend. Dividend declarations remain subject to board approval.

About the Company

First Internet Bancorp is a bank holding company whose revenue comes from net interest income on loans and noninterest income, including loan sale gains and fintech and banking-as-a-service fees. At June 30, 2026, total loans were $3.8 billion and total deposits were $4.8 billion. Credit quality, funding costs and noninterest income are the main operating variables.

Financial Performance Behind the Payout

First Internet reported second-quarter net income of $2.4 million, or $0.27 per diluted share, compared with $0.2 million, or $0.02. For six months, net income was $4.9 million, or $0.55 per diluted share, compared with $1.1 million, or $0.13.

Total revenue was $41.1 million, up 23%. Net interest income was $32.4 million, up 16%, and noninterest income was $8.7 million, up 56%. The net interest margin was 2.39%, or 2.47% on a fully tax-equivalent basis. Pre-provision net revenue, a non-GAAP measure, was $15.0 million, up 28%.

Return on average assets was 0.17%, return on average shareholders' equity was 2.56%, and return on average tangible common equity was 2.60%.

Credit Trends Behind the Quarter

The provision for credit losses was $13.4 million, down $2.9 million from the first quarter. Net charge-offs to average loans were 1.77%, compared with 1.65% in the first quarter. Nonperforming loans were $60.1 million, or 1.58% of total loans, versus 1.63%, and the allowance for credit losses to total loans was 1.39% versus 1.50%.

Total nonaccrual loans declined for the second consecutive quarter. Chairman and CEO David Becker described the quarter as showing an improvement in credit trends, citing lower delinquencies and improved small-business lending charge-offs.

Outlook

First Internet guides 2026 diluted EPS to $2.35 to $2.45, fully tax-equivalent net interest income to $141 million to $142 million, noninterest income to $40.5 million to $41 million and the provision for credit losses to $47 million to $48 million. Net charge-offs, nonperforming loans and the net interest margin are reported alongside that guidance.