First Internet Bancorp income statement
In fiscal 2025, First Internet Bancorp reported revenue of $116m, down 13.5% on the year before and net income of −$35.2m, or −$4.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 27 | 29 | 41 | 54 | 65 | 71 | 80 | 101 | 119 | 118 | 101 | 135 | 116 | 132 |
| Interest expense | 9 | 8 | 9 | 11 | 19 | 31 | 53 | 84 | 72 | 47 | 60 | 165 | — | — | — |
| Net interest income | 16 | 17 | 22 | 31 | 40 | 54 | 62 | 63 | 65 | 87 | 97 | 75 | 87 | 114 | 125 |
| Non-interest income | 11 | 10 | 7 | 10 | 14 | 11 | 9 | 17 | 36 | 33 | 21 | 26 | 47 | 3 | 7 |
| Non-interest expense | 17 | 20 | 23 | 25 | 31 | 37 | 43 | 47 | 58 | 62 | 73 | 79 | 90 | 95 | 101 |
| Provision for credit losses | 3 | 0 | 0 | 2 | 4 | 5 | 4 | 6 | 9 | 1 | 5 | 17 | 17 | 72 | 76 |
| Income before tax | 8 | 6 | 6 | 14 | 18 | 23 | 24 | 27 | 34 | 57 | 40 | 5 | 28 | −51 | −46 |
| Income tax | 2 | 2 | 2 | 5 | 6 | 8 | 2 | 2 | 4 | 8 | 5 | −3 | 2 | −16 | −14 |
| Net income | 6 | 5 | 4 | 9 | 12 | 15 | 22 | 25 | 29 | 48 | 36 | 8 | 25 | −35 | −31 |
| Diluted EPS | $1.95 | $1.51 | $0.96 | $1.96 | $2.30 | $2.13 | $2.30 | $2.51 | $2.99 | $4.82 | $3.70 | $0.95 | $2.88 | −$4.03 | −$3.59 |
| Diluted shares (average) | 3m | 3m | 5m | 5m | 5m | 7m | 10m | 10m | 10m | 10m | 10m | 9m | 9m | 9m | 9m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 39 | 36 | 34 | 6 | 42 | 43 | 41 |
| Net interest income | 22 | 24 | 25 | 28 | 30 | 30 | 32 | 32 |
| Non-interest income | 12 | 16 | 10 | 6 | −25 | 11 | 12 | 9 |
| Non-interest expense | 23 | 24 | 24 | 22 | 25 | 24 | 25 | 26 |
| Provision for credit losses | 4 | 7 | 12 | 14 | 34 | 12 | 16 | 14 |
| Income before tax | 8 | 8 | 0 | −2 | −55 | 6 | 2 | 2 |
| Income tax | 1 | 1 | −1 | −2 | −13 | 0 | −1 | −1 |
| Net income | 7 | 7 | 1 | 0 | −42 | 5 | 3 | 2 |
| Diluted EPS | $0.80 | $0.83 | $0.11 | $0.02 | −$4.76 | $0.60 | $0.29 | $0.27 |
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