First Internet Bancorp Reports Strong Q4 Results

Bank highlights revenue growth, improving net interest margin, and expanding fintech partnerships, while addressing elevated credit costs.

Jan. 29, 2026 at 7:39pm

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First Internet Bancorp (NASDAQ:INBK) executives used the company's fourth-quarter and full-year 2025 earnings call to highlight revenue growth, improving net interest margin, and expanding fintech partnerships, while also addressing elevated credit costs tied to two specific loan portfolios and outlining a higher provision outlook for 2026.

Why it matters

First Internet Bancorp's performance provides insights into the digital banking landscape, with the company's focus on online-only operations and fintech partnerships driving growth, even as it navigates credit challenges in certain lending segments.

The details

Chairman and CEO David Becker said the company closed 2025 with 'strong fourth quarter results,' noting quarterly revenue rose 21% versus the prior-year period. Becker pointed to 30% year-over-year net interest income growth for 2025, net interest margin expansion throughout the year, and 'disciplined expense management.' On banking-as-a-service (BaaS), Becker said initiatives generated over $1.3 billion in new deposits during 2025—more than triple the prior year—and the bank processed more than $165 billion in payments volume, up over 225% from 2024. However, Becker said credit concerns are 'isolated to two specific portfolios,' SBA and franchise finance, and the company is guiding to a higher provision for 2026 to address remaining problem areas.

  • First Internet Bancorp reported its fourth-quarter and full-year 2025 earnings on January 30, 2026.
  • The company's SBA lending portfolio and franchise finance portfolio have been experiencing credit challenges.

The players

First Internet Bancorp

The bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States.

David Becker

Chairman and CEO of First Internet Bancorp.

Nicole Lorch

President and COO of First Internet Bancorp.

Ken Lavik

CFO of First Internet Bancorp.

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