First Internet Bancorp (NASDAQ: INBK) is a bank holding company headquartered in Fishers, Indiana that conducts banking operations through its wholly-owned subsidiary, First Internet Bank of Indiana, an Indiana-chartered bank. The Bank earns revenue primarily through net interest income on loans and securities, and through gains on the sale of U.S. government guaranteed loans in the secondary market. First Internet Bank commenced operations in 1999 as the first state-chartered, FDIC-insured internet bank, and operates on a nationwide basis with no traditional branch network. As of December 31, 2025, the Company held $5.6 billion in consolidated assets, $4.8 billion in deposits, and $3.7 billion in loans. The Bank ranked 7th largest SBA 7(a) lender for SBA fiscal year 2025. Net loss was $35.2 million, or $4.03 diluted loss per share, for the twelve months ended December 31, 2025, compared to net income of $25.3 million, or $2.88 per diluted share, for the twelve months ended December 31, 2024. The Company employed 355 people as of December 31, 2025.

Revenue model

Net interest income on loans and held securities, plus gains on sales of U.S. government guaranteed loans (including SBA 7(a) loans) in the secondary market, plus servicing rights retained on sold loans. The Bank also generates fee income through fintech partnerships offering payment, deposit, card, and lending products.

Products and services

Consumer and commercial deposit accounts including small business checking; SBA 7(a) government-guaranteed lending as an SBA Preferred Lender; consumer and commercial loans; securities portfolio; payment, deposit, card, and lending products and services offered through fintech partnerships; loan servicing.

Customers and end markets

Emerging small businesses and entrepreneurs served on a nationwide basis; individual consumers served through internet-based deposit and lending products; fintech platforms and companies served as partners for banking-as-a-service type arrangements.

Value-chain role

Direct originating lender and deposit-taker operating without a physical branch network; sells guaranteed portions of SBA loans into the secondary market while retaining servicing rights and unguaranteed tranches; partners with fintech platforms to distribute banking products.

Geographic exposure

Nationwide (United States) through internet-based delivery; incorporated and headquartered in Fishers, Indiana; no disclosed international operations.

Source: SEC 10-K, filed 2026-03-11

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