First Internet Bancorp - Fixed-

First Internet Bancorp reported a net loss of $35.2 million for fiscal year 2025, driven by a significant provision for credit losses of $71.9 million on loans and total noninterest expenses of $95.0 million. The company generated total interest income of $320.2 million, with loans contributing $259.8 million, but faced high interest expenses of $206.4 million, primarily from deposits ($188.4 million). Net interest income after provision for credit losses was $41.4 million, while noninterest income totaled $2.7 million, including a loss on sale of loans of $8.3 million. The balance sheet shows total assets of $5.57 billion, with net loans of $3.69 billion and total deposits of $4.84 billion. Shareholders' equity stood at $359.8 million. Cash flow from operations was positive at $3.4 million, but investing activities used $128.7 million and financing activities used $141.8 million, resulting in a net decrease in cash of $9.6 million. The company declared no dividends per share and reported basic and diluted earnings per share of -$4.00.

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