First Internet Bancorp announced financial results for the quarter ended September 30, 2026, reporting record quarterly revenue. Total revenue for the period reached $43.9 million, representing a 7% increase from the previous quarter. This growth was driven by a 7% increase in net interest income and a 6% increase in noninterest income. The company also reported that its fully-taxable equivalent (FTE) net interest margin expanded by 8 basis points to 2.55%.
For the third quarter, the company recorded net income of $4.8 million, resulting in diluted earnings per share of $0.54. Adjusted diluted earnings per share were reported at $0.57. The company noted that pre-provision net revenue grew 14% quarter-over-quarter to $17.1 million.
In terms of credit quality, provision for credit losses decreased by 13% to $11.6 million. Net charge-offs declined to 0.82% of average loans from 1.77% in the prior quarter. Total loan balances stood at $3.9 billion, an increase of 1% from the second quarter. Total deposits increased by 7% to $5.2 billion, with the cost of interest-bearing deposits declining to 3.32%.
Looking ahead to the fourth quarter, the company provided guidance for diluted earnings per share between $1.02 and $1.07, with an expected FTE net interest margin of 2.75% to 2.80%.
