First Internet Bancorp (INBK)

The stock experienced a decline of 1.70% over the past six months, and a more significant drop of 43.50% between October 25, 2024, and October 24, 2025. Key events include a significant earnings per share (EPS) loss of $1.43 for Q3 2025, analyst downgrades and price target cuts, the sale of Single Tenant Lease Financing Loans to Blackstone in September 2025, authorization of a $25.0 million common stock repurchase program in October 2025, quarterly cash dividend declarations of $0.06 per common share, and improved credit quality indicators with total delinquencies reduced to 35 basis points as of September 30, 2025.

The banking industry experiences seasonal trends in loan demand, with lower demand in January and February, increasing in March, peaking in August or September, and decreasing towards December. First Internet Bancorp saw seasonally lower originations in its recreational vehicles and other consumer loans portfolios in the first quarter of 2025.

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana, a digital bank established in 1999. It offers commercial, small business, consumer, and municipal banking products and services nationwide, including various deposit accounts, commercial and industrial loans, real estate loans, and treasury management services.

First Internet Bancorp operates a branchless banking model, primarily through digital channels nationwide. Lending services are available throughout the United States, with commercial real estate loans focused in Indiana and the Midwest.

First Internet Bank has been recognized for its workplace culture and services. However, the company's brand reputation has been influenced by its financial performance, with the Q3 2025 earnings miss and analyst downgrades impacting investor perception. Proactive steps to address credit issues and strong growth in net interest income and fintech partnerships could help mitigate negative sentiment.

Institutional investors hold approximately 65.46% of First Internet Bancorp's stock. Major institutional owners include BlackRock, Inc., Dimensional Fund Advisors Lp, Vanguard Group Inc, Patriot Financial Partners Gp, Lp, and Banc Funds Co Llc.