First Internet

Q1 FY2026 EarningsQ2 FY2026 revenue rose 23% YoY to $41.1M, driven by a 56% surge in noninterest income and a 16% increase in net interest income. Net income reached $2.4M (up from $0.2M YoY) with diluted EPS at $0.27. FTE NIM expanded 43 bps YoY to 2.47%. Credit quality improved as provision for credit losses fell 18% QoQ to $13.4M and nonaccrual loans declined 14% QoQ.