First Internet Bancorp (INBK) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Sat, August 8, 2026 astatine 9:08 AM CDT 38 min read

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DATE

Thursday, July 30, 2026, astatine 5 p.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer - David Becker

• President and Chief Operating Officer - Nicole Lorch

• Executive Vice President and Chief Financial Officer - Ken Lovik

Full Conference Call Transcript

Operator: My sanction is Trevor and I volition beryllium your league relation today. At this time, I would similar to invited everyone to the First Internet Bancorp net league telephone for the 2nd 4th 2026. Please enactment that this lawsuit is being recorded. It is present my pleasance to crook the telephone implicit to Julia Ferrara from ICR. You whitethorn statesman your conference. Julia Ferrara Thank you, operator. Hello, everyone, and convey you for joining america to sermon First Internet Bancorp's 2nd 4th 2026 fiscal results. The institution issued its net property merchandise earlier this afternoon, and it is disposable connected the company's website astatine www.firstinternetbancorp.com.

In addition, the institution has included a descent presumption that you tin notation to during the call. You tin besides entree these slides connected the website. Joining america from the absorption squad contiguous are Chairman and CEO, David Becker; President and COO, Nicole Lorch; and Executive Vice President and CFO, Ken Lovik. David and Nicole volition supply an overview and Ken volition sermon the fiscal results, and past we'll unfastened the telephone up for your questions. Before we begin, I'd similar to punctual you that this league telephone contains forward-looking statements with respect to the aboriginal show and fiscal information of First Internet Bancorp that involves risks and uncertainties.

Various factors could origin existent results to beryllium materially antithetic from immoderate aboriginal results expressed oregon implied by specified forward-looking statements. These factors are discussed successful the company's SEC filings, which are disposable connected the company's website. The institution disclaims immoderate work to update immoderate forward-looking statements during the call. Additionally, absorption whitethorn notation to non-GAAP measures which are intended to supplement but not substitute for the astir straight comparable GAAP measures. The property merchandise disposable connected the website contains the fiscal and different quantitative accusation to beryllium discussed today, arsenic good arsenic the reconciliation of the GAAP to non-GAAP measures. At this time, I'd similar to crook the telephone implicit to David.

David Becker: Thank you, Julia. Good afternoon, and convey you for joining us. We're excited to study coagulated 2nd 4th results with full gross increasing 23% twelvemonth implicit year, pre-provision nett gross up 28%, and net per stock of $0.27, up importantly from the anterior twelvemonth period. More importantly, this 4th marks a meaningful inflection constituent successful our recognition trajectory. For the past respective quarters, recognition has been the superior overhang connected our results and connected our stock. This quarter, that communicative began to turn. Over the past 18 months, we took a hard look astatine the recognition outcomes we experienced and made meaningful changes to our underwriting, servicing, portfolio management, and solution processes.