First Internet Bancorp (NASDAQ:INBK) posted Q2 2026 results with net income $2.4M, EPS $0.27 and revenue up 23% to $41.1M as NII and a 172% BaaS-driven noninterest income jump fueled guidance for higher NIM and loan growth while NPLs fell, prompting mixed analyst target raises.
Previous Week Recap
- INBK Q2 2026: Net Income $2.4M: INBK Q2 2026: net income $2.4M, EPS $0.27, revenue $41.1M (+23%). NII $32.4M, noninterest income $8.7M (+56%) led by 172% BaaS growth. NPLs down; NIM, loan growth guided higher.
- Analysts Update INBK Targets Raised: Analysts updated First Internet Bancorp (INBK): Benchmark kept Buy and raised target to $35; Piper Sandler kept Neutral and raised target to $29.50. Time of note: 13:48 GMT.
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