First Internet Bancorp(US:INBK)2025-07-24 18:00Financial Performance - Net income was $0.2 million and diluted EPS was $0.02[15] - Total revenue reached $33.5 million, a decrease of 5.6% from 1Q25 but an increase of 3.7% from 2Q24[15] - Pre-tax, pre-provision income was $11.7 million, down 1.8% from 1Q25 but up 17.2% from 2Q24[15] - Net interest margin was 1.96%, and FTE NIM was 2.04%, up 14 and 13 bps respectively from 1Q25[15] Loan Portfolio - Total portfolio loan balances increased by $108.2 million, or 2.5%, from 1Q25[19] - Commercial loan balances increased by $108.2 million, or 3.2%, from 1Q25[19] - 2Q25 funded portfolio loan origination yields were 7.55%, down 23 bps from 1Q25[19] Deposit Update - Total deposits increased 7.1% from 1Q25 and are up 24.0% from 2Q24[22] - Cash and unused borrowing capacity totaled $2.3 billion at June 30, 2025[27] - Loan to deposits ratio remains favorable at 82.3%[27] Credit Quality - Net charge-offs were $14.3 million in 2Q25, primarily in small business lending and franchise finance[7] - Nonperforming loans increased $9.3 million from 1Q25 to $43.5 million as of June 30, 2025, representing 1.00% of total loans[7]