First Internet Bancorp announced its third‑quarter 2025 results on October 23, 2025. The company reported adjusted revenue of $43.5 million, up 30% year‑over‑year, and a full‑time equivalent net interest margin of 2.12%, an increase of 42 basis points from the prior quarter.
Net interest income rose to $25.1 million, a 21% increase from $20.7 million in the same quarter last year. Management highlighted decisive action to address credit issues in its small‑business lending and franchise finance portfolios, resulting in improved delinquencies and a cleaner credit profile.
The company completed a major loan sale that enhanced regulatory capital ratios and balance‑sheet flexibility. First Internet Bancorp remains well capitalized, with tangible common equity of $383.1 million and a capital ratio above regulatory requirements. A conference call and webcast will be held at 2:00 p.m. ET on Thursday, October 23, to discuss the results in detail.
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