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Form 8-K

sec.gov
INBKZ The article reports significant improvements in credit quality, revenue momentum, and solid loan production for First Internet Bancorp. Net income and EPS are up significantly year-over-year, and the company provided a positive full-year outlook, indicating strong financial performance and growth prospects. INBK The article reports significant improvements in credit quality, revenue momentum, and solid loan production for First Internet Bancorp. Net income and EPS are up significantly year-over-year, and the company provided a positive full-year outlook, indicating strong financial performance and growth prospects.

8-K — First Internet Bancorp

Accession: 0001562463-26-000083

Filed: 2026-07-30

Period: 2026-07-30

CIK: 0001562463

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — inbk-20260730.htm (Primary)

EX-99.1 (inbk-2q2026xex991.htm)

EX-99.2 (inbk2q26investorpresenta.htm)

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8-K

8-K (Primary)

Filename: inbk-20260730.htm · Sequence: 1

inbk-20260730

0001562463false00015624632026-07-302026-07-300001562463us-gaap:CommonStockMember2026-07-302026-07-300001562463inbk:A60FixedToFloatingSubordinatedNotesDue2029Member2026-07-302026-07-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): July 30, 2026

First Internet Bancorp

(Exact Name of Registrant as Specified in Its Charter)

Indiana

(State or Other Jurisdiction of Incorporation)

001-35750 20-3489991

(Commission File Number) (IRS Employer Identification No.)

8701 E. 116th Street 46038

Fishers, Indiana

(Address of Principal Executive Offices) (Zip Code)

(317) 532-7900

(Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbols Name of each exchange on which registered

Common Stock, without par value INBK The Nasdaq Stock Market LLC

6.0% Fixed to Floating Subordinated Notes due 2029 INBKZ The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition

On July 30, 2026, First Internet Bancorp (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.

On July 30, 2026 at 5:00 p.m. (Eastern Time), the Company will host a conference call and webcast to discuss its financial results for the quarter ended June 30, 2026. The electronic presentation slides, which will accompany the call and webcast, are furnished as Exhibit 99.2 and are incorporated by reference herein.

The information contained in this Item 2.02, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing made by us under the Exchange Act or Securities Act of 1933, as amended, regardless of any general incorporation language in any such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits

Number Description Method of filing

99.1

Press release dated July 30, 2026

Furnished electronically

99.2

Presentation slides dated July 30, 2026

Furnished electronically

104 Cover Page Interactive Data File (embedded in the cover page formatted in inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 30, 2026

FIRST INTERNET BANCORP

By: /s/ Kenneth J. Lovik

Kenneth J. Lovik, Executive Vice President & Chief Financial Officer

EX-99.1

EX-99.1

Filename: inbk-2q2026xex991.htm · Sequence: 2

Document

First Internet Bancorp Reports Second Quarter 2026 Results

- Net income of $2.4 million, up significantly from $0.2 million a year ago -

- Diluted earnings per share of $0.27, up significantly from $0.02 a year ago -

- Company to hold earnings call today at 5pm ET -

Fishers, Indiana, July 30, 2026 – First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the second quarter ended June 30, 2026.

Key Business Updates

•Significant Improvement in Credit Quality: Provision for credit losses for the second quarter of 2026 of $13.4 million, down from $16.3 million in the first quarter of 2026. Notably, total nonaccrual loans declined for the second consecutive quarter, and are down 14% from the first quarter of 2026. Furthermore, delinquencies 30 days or more past due decreased to 0.78% of total performing loans, down from 1.06% in the first quarter of 2026, driven by a significant decline in small business lending delinquencies.

•Revenue Momentum: Growth in net interest income (up 16%), fully-taxable equivalent (“FTE”) net interest margin of 2.47%1 (up 43 basis points), and strong noninterest income drove quarterly revenue up 23% year-over-year to $41.1 million. When combined with well-managed expenses, pre-provision net revenue grew 28% year-over-year to $15.0 million1.

•Solid Loan Production: Commercial loan balances continued to grow during the second quarter led by construction / investor commercial real estate and single tenant lease financing. While period end and average loan balances were impacted by early payoffs, loan pipelines at the end of the quarter were solid, setting the stage for continued loan growth in the second half of 2026. Additionally, the Company expects to increase its retention of embedded finance small business loans originated for one of its fintech partners, an asset class with very attractive risk-return characteristics.

•Fee Revenue Acceleration: Noninterest income grew 56% year-over-year, supported by the continued growth in the Banking-as-a-Service (“BaaS”) platform. As we have selectively increased the number of fintech partners, and have expanded relationships with existing partners, fee revenue from BaaS increased 172% from the prior year period.

1 This information represents a non-GAAP financial measure. For a discussion of non-GAAP financial measures, see the section below entitled "Non-GAAP Financial Measures."

Second Quarter 2026 Financial Performance

•Net income of $2.4 million and diluted earnings per share of $0.27, both up significantly from the prior year period

•Total revenue of $41.1 million, which increased 23% from the prior year period

•Net interest income of $32.4 million and FTE net interest income of $33.6 million1, increased 16% and 15%, respectively, over the prior year period

•Net interest margin of 2.39% and FTE net interest margin of 2.47%1, both increasing 43 basis points (“bps”) from the prior year period

•Noninterest income of $8.7 million, which increased 56% from the prior year period

•Pre-provision net revenue (“PPNR”) of $15.0 million1, which increased 28% from the prior year period

•Total loan balances of $3.8 billion, up $35.2 million, or 1%, from the first quarter of 2026

•The yield on the loan portfolio increased 27 bps from the prior year period to 6.34%

•Solid loan production partially offset by elevated payoffs and maturities

•Total deposits of $4.8 billion, down $150.3 million, or 3%, from the first quarter of 2026

•Continued growth in fintech deposits, allowing higher-cost CDs and brokered deposits to mature

•The cost of interest-bearing deposits declined 54 bps from the prior year period to 3.38%

•Approximately $2.4 billion of fintech deposits moved off-balance sheet into a deposit network, providing flexibility to manage the size of the balance sheet

•Loans to deposits ratio of 79%

•Provision for credit losses of $13.4 million, down $2.9 million, or 18%, from the first quarter of 2026

•Net charge-offs to average loans of 1.77%, an increase from 1.65% in the first quarter of 2026

•Increase in net charge-offs reflects resolution of nonperforming franchise finance loans, partially offset by a significant decline in small business lending net charge-offs

•Nonperforming loans (“NPLs”) to total loans of 1.58%, compared to 1.63% in the first quarter of 2026; allowance for credit losses - loans (“ACL”) to total loans of 1.39%, compared to 1.50% in the first quarter of 2026

•Decrease in NPLs due primarily to lower nonaccrual franchise finance loans, partially offset by an increase in fully-guaranteed SBA 7(a) balances

•NPLs / total loans of 1.07%1 excluding fully-guaranteed balances, down from 1.22% in the first quarter of 2026

•ACL to NPLs of 88%; or 130%1 excluding fully-guaranteed balances

•Tangible common equity to tangible assets of 6.46%1, and 6.98%1 ex-AOCI and adjusted for normalized cash balances; CET1 ratio of 8.90%2; total capital ratio of 12.22%2

•Tangible book value per share of $41.091, up from $40.871 in the first quarter of 2026

“Our second quarter results reflect strong momentum across the business, paired with a meaningful and encouraging improvement in our credit trends," said David Becker, Chairman and CEO of First

1 This information represents a non-GAAP financial measure. For a discussion of non-GAAP financial measures, see the section below entitled "Non-GAAP Financial Measures."

2 Regulatory capital ratios are preliminary pending filing of the Company’s regulatory reports

Internet Bancorp. "Total revenue grew 23% year-over-year and pre-provision net revenue increased nearly 28%, while our fully-taxable equivalent net interest margin expanded 43 basis points to 2.47%. Just as importantly, our credit provision declined, nonperforming loans decreased sequentially for the first time in several quarters, small business lending net charge-offs improved significantly, and delinquencies across the portfolio fell sharply - clear evidence that the proactive credit actions we have taken over the past several quarters are working.

“We are equally encouraged by the acceleration of our fee-based businesses. Noninterest income grew more than 56% year-over-year, driven by the continued strength of our Banking-as-a-Service platform and the deepening of our fintech partnerships, including an expanded relationship with jaris under which we will retain all small business loans originated through its platform. We also continue to invest in AI, automation, and digital capabilities that drive efficiency and elevate the customer experience. With improving credit, growing fee income, and a more capital-efficient balance sheet, we are well-positioned to build on this momentum through the remainder of 2026 and beyond."

Full Year 2026 Outlook

•Diluted earnings per share of $2.35 to $2.45

•Loan growth in the range of 4% to 6%, driven by solid pipelines across our commercial lending verticals

•Outlook reflects early payoffs in commercial lending areas and lower retention of small business lending balances as secondary market premiums remain attractive

•FTE net interest margin expansion, reaching 2.75% to 2.80% by the fourth quarter of 2026, driven by ongoing deposit repricing and optimized asset mix

•FTE net interest income in the range of $141 million to $142 million

•Noninterest income in the range of $40.5 million to $41 million, reflecting continued BaaS growth and increasing small business lending originations and gain on sale activity in the second half of 2026

•Noninterest expense in the range of $106 million to $107 million

•Provision for credit losses, including net charge-offs and reserves related to problem loans, of $47 million to $48 million

•Continual improvement is expected throughout the second half of 2026

Conference Call and Webcast

The Company will host a conference call and webcast at 5:00 p.m. Eastern Time today, July 30, 2026, to discuss its quarterly financial results. The call can be accessed via telephone at (833) 461-5787; meeting id: 115638970. To access the webcast and view the presentation slides, please visit www.firstinternetbancorp.com and click the link provided for Earnings Call Webcast.

The webcast and slides will be available on the Company’s website shortly after the call has ended and will be archived on the Company’s website for 12 months.

About First Internet Bancorp

First Internet Bancorp is a bank holding company with assets of $5.6 billion as of June 30, 2026. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. First Internet Bank provides consumer and small business deposits, commercial real estate and construction financing, SBA financing, public finance, consumer loans, and specialty finance services nationally, as well as commercial and industrial loans and treasury management services on a regional basis. First Internet Bancorp’s common stock trades on the Nasdaq Global Select Market under the symbol “INBK” and is a component of the Russell 2000® Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about First Internet Bank, including its products and services, is available at www.firstib.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements with respect to the financial condition, results of operations, trends in lending policies and loan programs, plans and prospective business partnerships, objectives, future performance and business of the Company. Forward-looking statements are generally identifiable by the use of words such as “anticipate,” “believe,” “better than,” “continue,” “could,” “drive,” “enhance,” “estimate,” “expand,” “expect,” “future,” “going forward,” “growth,” ”improve,” “increase,” “looking ahead,” “maintain,” “may,” “ongoing,” “opportunities,” “pending,” “plan,” “position,” “preliminary,” “progress,” “remain,” “setting the stage,” “should,” “stable,” “thereafter,” “well-positioned,” “will,” or other similar expressions. Forward-looking statements are not a guarantee of future performance or results, are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the information in the forward-looking statements. Such statements are subject to certain risks and uncertainties including: our business and operations and the business and operations of our vendors and customers; general economic conditions, whether national or regional, and conditions in the lending markets in which we participate that may have an adverse effect on the demand for our loans and other products; our credit quality and related levels of nonperforming assets and loan losses, and the value and salability of the real estate that is the collateral for our loans. Other factors that may cause such differences include: failures or breaches of or interruptions in the communications and information systems on which we rely to conduct our business; failure of our plans to grow our commercial and industrial, construction, and SBA loan portfolios; competition with national, regional and community financial institutions; the loss of key members of senior management; the anticipated impacts of inflation and rising interest rates on the general economy; risks relating to the regulation of financial institutions; and other factors identified in reports we file with the U.S. Securities and Exchange Commission. All statements in this press release, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (“GAAP”). Non-GAAP financial measures, specifically tangible common equity, tangible assets, tangible book value per common share, tangible common equity to tangible assets, average tangible common equity, return on average tangible common equity, total interest income – FTE, net interest income – FTE, net interest margin – FTE, pre-provision net revenue adjusted tangible common equity, adjusted tangible assets, adjusted tangible common equity to adjusted tangible assets, adjusted nonperforming loans to total loans and adjusted allowance for credit losses – loans to nonperforming loans are used by the Company’s management to measure the strength of its capital and analyze profitability, including its ability to generate earnings on tangible capital invested by its shareholders. Although management believes these non-GAAP measures are useful to investors by providing a greater understanding of its business, they should not be considered a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the table at the end of this release under the caption “Reconciliation of Non-GAAP Financial Measures.”

Contact Information:

Investors/Analysts

Paula Deemer

Director of Corporate Administration

(317) 428-4628

investors@firstib.com

Media

PANBlast

Zach Weismiller

firstib@panblastpr.com

First Internet Bancorp

Summary Financial Information (unaudited)

Dollar amounts in thousands, except per share data

Three Months Ended Six Months Ended

June 30,

2026 March 31,

2026 June 30,

2025 June 30,

2026 June 30,

2025

Net income $ 2,367  $ 2,509  $ 193  $ 4,876  $ 1,136

Per share and share information

Earnings per share - basic $ 0.27  $ 0.29  $ 0.02  $ 0.56  $ 0.13

Earnings per share - diluted 0.27  0.29  0.02  0.55  0.13

Dividends declared per share 0.06  0.06  0.06  0.12  0.12

Book value per common share 41.63  41.41  44.79  41.63  44.79

Tangible book value per common share 1

41.09  40.87  44.25  41.09  44.25

Common shares outstanding 8,733,574  8,716,662  8,713,094  8,733,574  8,713,094

Average common shares outstanding:

Basic 8,754,008  8,734,383  8,733,559  8,744,250  8,724,657

Diluted 8,822,099  8,774,111  8,760,374  8,797,389  8,784,005

Performance ratios

Return on average assets 0.17 % 0.18  % 0.01  % 0.17 % 0.04  %

Return on average shareholders' equity 2.56 % 2.72  % 0.20  % 2.64 % 0.58  %

Return on average tangible common equity 1

2.60 % 2.75  % 0.20  % 2.68 % 0.59  %

Net interest margin 2.39  % 2.36  % 1.96  % 2.38  % 1.89  %

Net interest margin - FTE 1,2

2.47  % 2.45  % 2.04  % 2.46  % 1.97  %

Capital ratios 3

Total shareholders' equity to assets 6.54  % 6.32  % 6.43  % 6.54  % 6.43  %

Tangible common equity to tangible assets 1

6.46  % 6.24  % 6.35  % 6.46  % 6.35  %

Tier 1 leverage ratio 6.23  % 6.23  % 6.69  % 6.23  % 6.69  %

Common equity tier 1 capital ratio 8.90  % 8.97  % 8.90  % 8.90  % 8.90  %

Tier 1 capital ratio 8.90  % 8.97  % 8.90  % 8.90  % 8.90  %

Total risk-based capital ratio 12.22  % 12.50  % 12.16  % 12.22  % 12.16  %

Asset quality

Nonperforming loans $ 60,073  $ 61,596  $ 43.541  $ 60.073  $ 43.541

Nonperforming assets 64,573  63,691  45.539  64,573  45.539

Nonperforming loans to loans 1.58  % 1.63  % 1.00  % 1.58  % 1.00  %

Nonperforming assets to total assets 1.16  % 1.12  % 0.75  % 1.16  % 0.75  %

Allowance for credit losses - loans to:

Loans 1.39  % 1.50  % 1.07  % 1.39  % 1.07  %

Nonperforming loans 88.4  % 91.7  % 106.8  % 88.4  % 106.8  %

Net charge-offs to average loans 1.77  % 1.65  % 1.31  % 1.71  % 1.12  %

Average balance sheet information

Loans $ 3,836,149  $ 3,874,174  $ 4,397,887  $ 3,855,056  $ 4,318,037

Total securities 1,048,742  1,022,872  934,994  1,035,879  918,547

Other earning assets 561,255  521,697  396,829  541,585  420,921

Total interest-earning assets 5,448,429  5,424,700  5,739,019  5,436,630  5,664.986

Total assets 5,656,350  5,635,646  5,924,144  5,646,054  5,847,687

Noninterest-bearing deposits 134,166  143,305  153,016  138,710  144.494

Interest-bearing deposits 4,783,803  4,744,189  4,792,939  4,764,105  4,804,396

Total deposits 4,917,969  4,887,494  4,945,955  4,902,815  4,948,890

Shareholders' equity 370,247  374,276  391,870  372,250  391,952

1 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below

2 On a fully-taxable equivalent (“FTE”) basis assuming a 21% tax rate

3 Regulatory capital ratios are preliminary pending filing of the Company's regulatory reports

First Internet Bancorp

Condensed Consolidated Balance Sheets (unaudited)

Dollar amounts in thousands

June 30,

2026 March 31,

2026 June 30,

2025

Assets

Cash and due from banks $ 8,692  $ 10,528  $ 9,261

Interest-bearing deposits 402,276  591,277  437,100

Securities available-for-sale, at fair value 786,676  772,035  644,657

Securities held-to-maturity, at amortized cost, net of allowance for credit losses 264,662  276,042  271,737

Loans held-for-sale 44,816  55,240  126,533

Loans 3,811,073  3,775,870  4,362,562

Allowance for credit losses - loans (53,096) (56,496) (46,517)

Net loans 3,757,977  3,719,374  4,316,045

Accrued interest receivable 29,136  28,182  31,227

Federal Home Loan Bank of Indianapolis stock 28,350  28,350  28,350

Cash surrender value of bank-owned life insurance 43,175  42,864  41,961

Premises and equipment, net 65,720  67,006  69,930

Goodwill 4,687  4,687  4,687

Servicing asset 23,180  23,614  16,736

Other real estate owned 4,121  1,945  1,730

Accrued income and other assets 92,907  90,544  72,619

Total assets $ 5,556,375  $ 5,711,688  $ 6,072,573

Liabilities

Noninterest-bearing deposits $ 131,366  $ 149,505  $ 145,166

Interest-bearing deposits 4,700,012  4,832,145  5,153,623

Total deposits 4,831,378  4,981,650  5,298,789

Advances from Federal Home Loan Bank 239,500  239,500  264,500

Subordinated debt 105,626  105,546  105,307

Accrued interest payable 1,594  1,232  1,614

Accrued expenses and other liabilities 14,730  22,806  12,124

Total liabilities 5,192,828  5,350,734  5,682,334

Shareholders' equity

Voting common stock 187,545  186,967  186,116

Retained earnings 197,119  195,292  230,690

Accumulated other comprehensive loss (21,117) (21,305) (26,567)

Total shareholders' equity 363,547  360,954  390,239

Total liabilities and shareholders' equity $ 5,556,375  $ 5,711,688  $ 6,072,573

First Internet Bancorp

Condensed Consolidated Statements of Income (unaudited)

Dollar amounts in thousands, except per share data

Three Months Ended Six Months Ended

June 30,

2026 March 31,

2026 June 30,

2025 June 30,

2026 June 30,

2025

Interest income

Loans $ 60,693  $ 60,839  $ 66,685  $ 121,532  $ 129,347

Securities - taxable 9,948  9,496  9,062  19,444  17,525

Securities - non-taxable 629  654  654  1,283  1,315

Other earning assets 5,366  4,821  4,485  10,187  9,528

Total interest income 76,636  75,810  80,886  152,446  157,715

Interest expense

Deposits 40,320  40,359  46,794  80,679  94,420

Other borrowed funds 3,877  3,853  6,102  7,730  10,209

Total interest expense 44,197  44,212  52,896  88,409  104,629

Net interest income 32,439  31,598  27,990  64,037  53,086

Provision for credit losses 13,415  16,305  13,608  29,720  25,541

Net interest income after provision for credit losses 19,024  15,293  14,382  34,317  27,545

Noninterest income

Service charges and fees 1,112  844  278  1,956  543

Loan servicing revenue 2,853  2,856  1,979  5,709  3,962

Loan servicing asset revaluation (1,579) (1,060) (1,153) (2,639) (2,334)

Gain on sale of loans 4,690  7,377  1,673  12,067  10,320

Other 1,609  1,501  2,780  3,110  3,493

Total noninterest income 8,685  11,518  5,557  20,203  15,984

Noninterest expense

Salaries and employee benefits 13,570  13,236  10,867  26,806  23,974

Marketing, advertising and promotion 706  615  702  1,321  1,349

Consulting and professional fees 1,372  1,080  936  2,452  2,164

Data processing 774  775  656  1,549  1,291

Loan expenses 2,109  2,179  1,520  4,288  3,051

Premises and equipment 3,718  3,676  3,281  7,394  6,396

Deposit insurance premium 1,611  1,487  1,564  3,098  2,962

Other 2,262  1,979  2,274  4,241  4,170

Total noninterest expense 26,122  25,027  21,800  51,149  45,357

Income (loss) before income taxes 1,587  1,784  (1,861) 3,371  (1,828)

Income tax benefit (780) (725) (2,054) (1,505) (2,964)

Net income $ 2,367  $ 2,509  $ 193  $ 4,876  $ 1,136

Per common share data

Earnings per share - basic $ 0.27  $ 0.29  $ 0.02  $ 0.56  $ 0.13

Earnings per share - diluted $ 0.27  $ 0.29  $ 0.02  $ 0.55  $ 0.13

Dividends declared per share $ 0.06  $ 0.06  $ 0.06  $ 0.12  $ 0.12

First Internet Bancorp

Average Balances and Rates (unaudited)

Dollar amounts in thousands

Three Months Ended

June 30, 2026 March 31, 2026 June 30, 2025

Average Balance Interest / Dividends Yield / Cost Average Balance Interest / Dividends Yield / Cost Average Balance Interest / Dividends Yield / Cost

Assets

Interest-earning assets

Loans, including loans held-for-sale 1

$ 3,838,432  $ 60,693  6.34  % $ 3,880,131  $ 60,839  6.36  % $ 4,407,196  $ 66,685  6.07  %

Securities - taxable 974,877  9,948  4.09  % 943,079  9,496  4.08  % 856,070  9,062  4.25  %

Securities - non-taxable 73,865  629  3.42  % 79,793  654  3.32  % 78,924  654  3.32  %

Other earning assets 561,255  5,366  3.83  % 521,697  4,821  3.75  % 396,829  4,485  4.53  %

Total interest-earning assets 5,448,429  76,636  5.64  % 5,424,700  75,810  5.67  % 5,739,019  80,886  5.65  %

Allowance for credit losses - loans (57,343) (56,106) (49,073)

Noninterest-earning assets 265,264  267,052  234,198

Total assets $ 5,656,350  $ 5,635,646  $ 5,924,144

Liabilities

Interest-bearing liabilities

Interest-bearing demand deposits $ 1,356,003  $ 8,905  2.63  % $ 1,243,549  $ 8,168  2.66  % $ 1,226,439  $ 9,767  3.19  %

Savings accounts 18,765  39  0.83  % 19,542  41  0.85  % 21,760  46  0.85  %

Money market accounts 1,304,538  10,334  3.18  % 1,292,126  10,103  3.17  % 1,187,782  11,087  3.74  %

Fintech - brokered deposits 57,492  487  3.40  % —  —  —  % —  —  —  %

Certificates and brokered deposits 2,047,005  20,555  4.03  % 2,188,972  22,047  4.08  % 2,356,958  25,894  4.41  %

Total interest-bearing deposits 4,783,803  40,320  3.38  % 4,744,189  40,359  3.45  % 4,792,939  46,794  3.92  %

Other borrowed funds 348,383  3,877  4.46  % 352,117  3,853  4.44  % 567,575  6,102  4.31  %

Total interest-bearing liabilities 5,132,186  44,197  3.45  % 5,096,306  44,212  3.52  % 5,360,514  52,896  3.96  %

Noninterest-bearing deposits 134,166  143,305  153,016

Other noninterest-bearing liabilities 19,751  21,759  18,744

Total liabilities 5,286,103  5,261,370  5,532,274

Shareholders' equity 370,247  374,276  391,870

Total liabilities and shareholders' equity $ 5,656,350  $ 5,635,646  $ 5,924,144

Net interest income $ 32,439  $ 31,598  $ 27,990

Interest rate spread 2.19  % 2.15  % 1.69  %

Net interest margin 2.39  % 2.36  % 1.96  %

Net interest margin - FTE 2,3

2.47  % 2.45  % 2.04  %

1 Includes nonaccrual loans

2 On a fully-taxable equivalent (“FTE”) basis assuming a 21% tax rate

3 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below

First Internet Bancorp

Average Balances and Rates (unaudited)

Dollar amounts in thousands

Six Months Ended

June 30, 2026 June 30, 2025

Average Balance Interest / Dividends Yield / Cost Average Balance Interest / Dividends Yield / Cost

Assets

Interest-earning assets

Loans, including loans held-for-sale 1

$ 3,859,166  $ 121,532  6.35  % $ 4,325,518  $ 129,347  6.03  %

Securities - taxable 959,066  19,444  4.09  % 838,222  17,525  4.22  %

Securities - non-taxable 76,813  1,283  3.37  % 80,325  1,315  3.30  %

Other earning assets 541,585  10,187  3.79  % 420,921  9,528  4.56  %

Total interest-earning assets 5,436,630  152,446  5.65  % 5,664,986  157,715  5.61  %

Allowance for credit losses - loans (56,728) (47,378)

Noninterest-earning assets 266,152  230,079

Total assets $ 5,646,054  $ 5,847,687

Liabilities

Interest-bearing liabilities

Interest-bearing demand deposits $ 1,300,087  $ 17,073  2.65  % $ 1,092,127  $ 16,742  3.09  %

Savings accounts 19,151  80  0.84  % 21,167  88  0.84  %

Money market accounts 1,298,366  20,437  3.17  % 1,204,695  22,449  3.76  %

Fintech - brokered deposits 28,905  487  3.40  % —  —  —  %

Certificates and brokered deposits 2,117,596  42,602  4.06  % 2,486,407  55,141  4.47  %

Total interest-bearing deposits 4,764,105  80,679  3.42  % 4,804,396  94,420  3.96  %

Other borrowed funds 350,240  7,730  4.45  % 484,897  10,209  4.25  %

Total interest-bearing liabilities 5,114,345  88,409  3.49  % 5,289,293  104,629  3.99  %

Noninterest-bearing deposits 138,710  144,494

Other noninterest-bearing liabilities 20,749  21,948

Total liabilities 5,273,804  5,455,735

Shareholders' equity 372,250  391,952

Total liabilities and shareholders' equity $ 5,646,054  $ 5,847,687

Net interest income $ 64,037  $ 53,086

Interest rate spread 2.16  % 1.62  %

Net interest margin 2.38  % 1.89  %

Net interest margin - FTE 2,3

2.46  % 1.97  %

1 Includes nonaccrual loans

2 On a fully-taxable equivalent (“FTE”) basis assuming a 21% tax rate

3 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below

First Internet Bancorp

Loans and Deposits (unaudited)

Dollar amounts in thousands

June 30, 2026 March 31, 2026 June 30, 2025

Amount Percent Amount Percent Amount Percent

Commercial loans

Commercial and industrial $ 212,675  5.6  % $ 225,425  6.0  % $ 174,475  4.0  %

Owner-occupied commercial real estate 51,749  1.4  % 48,136  1.3  % 50,096  1.1  %

Investor commercial real estate 669,970  17.5  % 598,933  15.9  % 513,411  11.8  %

Construction 427,076  11.2  % 449,888  11.9  % 332,658  7.6  %

Single tenant lease financing 288,720  7.6  % 254,044  6.7  % 970,042  22.3  %

Public finance 445,507  11.7  % 441,734  11.7  % 476,339  10.9  %

Healthcare finance 121,287  3.2  % 131,161  3.5  % 160,073  3.7  %

Small business lending 435,686  11.4  % 433,964  11.5  % 383,455  8.8  %

Franchise finance 357,182  9.4  % 389,249  10.3  % 479,757  11.0  %

Total commercial loans 3,009,852  79.0  % 2,972,534  78.8  % 3,540,306  81.2  %

Consumer loans

Residential mortgage 326,258  8.6  % 338,058  9.0  % 358,922  8.2  %

Home equity 14,102  0.4  % 14,219  0.4  % 16,668  0.4  %

Trailers 252,325  6.6  % 242,022  6.4  % 228,786  5.2  %

Recreational vehicles 143,547  3.8  % 142,442  3.8  % 144,476  3.3  %

Other consumer loans 45,916  1.2  % 46,874  1.2  % 48,319  1.1  %

Total consumer loans 782,148  20.6  % 783,615  20.8  % 797,171  18.2  %

Net deferred loan fees, premiums, discounts and other 1

19,073  0.4  % 19,721  0.4  % 25,085  0.6  %

Total loans $ 3,811,073  100.0  % $ 3,775,870  100.0  % $ 4,362,562  100.0  %

June 30, 2026 March 31, 2026 June 30, 2025

Amount Percent Amount Percent Amount Percent

Deposits

Noninterest-bearing deposits $ 131,366  2.7  % $ 149,505  3.0  % $ 145,166  2.7  %

Interest-bearing demand deposits 1,493,178  30.9  % 1,358,028  27.3  % 1,458,123  27.5  %

Savings accounts 18,738  0.4  % 20,344  0.4  % 20,902  0.4  %

Money market accounts 1,245,591  25.8  % 1,325,382  26.6  % 1,210,960  22.9  %

Fintech - brokered deposits 23,344  0.5  % —  —  % —  —  %

Certificates of deposits 1,683,450  34.8  % 1,869,181  37.5  % 2,146,356  40.5  %

Brokered deposits 235,711  4.9  % 259,210  5.2  % 317,282  6.0  %

Total deposits $ 4,831,378  100.0  % $ 4,981,650  100.0  % $ 5,298,789  100.0  %

1 Includes carrying value adjustments of $17.3 million, $18.1 million and $21.2 million related to terminated interest rate swaps associated with public finance loans as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

First Internet Bancorp

Reconciliation of Non-GAAP Financial Measures

Dollar amounts in thousands, except per share data

Three Months Ended Six Months Ended

June 30,

2026 March 31,

2026 June 30,

2025 June 30,

2026 June 30,

2025

Total equity - GAAP $ 363,547  $ 360,954  $ 390,239  $ 363,547  $ 390,239

Adjustments:

Goodwill (4,687) (4,687) (4,687) (4,687) (4,687)

Tangible common equity $ 358,860  $ 356,267  $ 385,552  $ 358,860  $ 385,552

Total assets - GAAP $ 5,556,375  $ 5,711,688  $ 6,072,573  $ 5,556,375  $ 6,072,573

Adjustments:

Goodwill (4,687) (4,687) (4,687) (4,687) (4,687)

Tangible assets $ 5,551,688  $ 5,707,001  $ 6,067,886  $ 5,551,688  $ 6,067,886

Common shares outstanding 8,733,574  8,716,662  8,713,094  8,733,574  8,713,094

Book value per common share $ 41.63  $ 41.41  $ 44.79  $ 41.63  $ 44.79

Effect of goodwill (0.54) (0.54) (0.54) (0.54) (0.54)

Tangible book value per common share $ 41.09  $ 40.87  $ 44.25  $ 41.09  $ 44.25

Total shareholders' equity to assets 6.54  % 6.32  % 6.43  % 6.54  % 6.43  %

Effect of goodwill (0.08 %) (0.08 %) (0.08 %) (0.08 %) (0.08 %)

Tangible common equity to tangible assets 6.46  % 6.24  % 6.35  % 6.46  % 6.35  %

Total average equity - GAAP $ 370,247  $ 374,276  $ 391,870  $ 372,250  $ 391,952

Adjustments:

Average goodwill (4,687) (4,687) (4,687) (4,687) (4,687)

Average tangible common equity $ 365,560  $ 369,589  $ 387,183  $ 367,563  $ 387,265

Return on average shareholders' equity 2.56 % 2.72 % 0.20  % 2.64 % 0.58  %

Effect of goodwill 0.04 % 0.03 % —  % 0.04 % 0.01  %

Return on average tangible common equity 2.60 % 2.75  % 0.20  % 2.68 % 0.59  %

Total interest income $ 76,636  $ 75,810  $ 80,886  $ 152,446  $ 157,715

Adjustments:

Fully-taxable equivalent adjustments 1

1,142  1,160  1,157  2,302  2,326

Total interest income - FTE $ 77,778  $ 76,970  $ 82,043  $ 154,748  $ 160,041

Net interest income $ 32,439  $ 31,598  $ 27,990  $ 64,037  $ 53,086

Adjustments:

Fully-taxable equivalent adjustments 1

1,142  1,160  1,157  2,302  2,326

Net interest income - FTE $ 33,581  $ 32,758  $ 29,147  $ 66,339  $ 55,412

Net interest margin 2.39  % 2.36  % 1.96  % 2.38  % 1.89  %

Effect of fully-taxable equivalent adjustments 1

0.08  % 0.09  % 0.08  % 0.08  % 0.08  %

Net interest margin - FTE 2.47  % 2.45  % 2.04  % 2.46  % 1.97  %

1Assuming a 21% tax rate

First Internet Bancorp

Reconciliation of Non-GAAP Financial Measures

Dollar amounts in thousands, except per share data

Three Months Ended Six Months Ended

June 30,

2026 March 31,

2026 June 30,

2025 June 30,

2026 June 30,

2025

Net income - GAAP $ 2,367  $ 2,509  $ 193  $ 4,876  $ 1,136

Adjustments:1

Provision for credit losses 13,415  16,305  13,608  29,720  25,541

Income tax benefit (780) (725) (2,054) (1,505) (2,964)

Pre-provision net revenue $ 15,002  $ 18,089  $ 11,747  $ 33,091  $ 23,713

Tangible common equity $ 358,860  $ 356,267  $ 385,552  $ 358,860  $ 385,552

Adjustments:

Accumulated other comprehensive loss 21,117  21,305  26,567  21,117  26,567

Adjusted tangible common equity $ 379,977  $ 377,572  $ 412,119  $ 379,977  $ 412,119

Tangible assets $ 5,551,688  $ 5,707,001  $ 6,067,886  $ 5,551,688  $ 6,067,886

Adjustments:

Cash in excess of $300 million (110,968) (301,805) (146,361) (110,968) (146,361)

Adjusted tangible assets $ 5,440,720  $ 5,405,196  $ 5,921,525  $ 5,440,720  $ 5,921,525

Adjusted tangible common equity $ 379,977  $ 377,572  $ 412,119  $ 379,977  $ 412,119

Adjusted tangible assets 5,440,720  5,405,196  5,921,525  5,440,720  5,921,525

Adjusted tangible common equity to adjusted tangible assets 6.98  % 6.99  % 6.96  % 6.98  % 6.96  %

Nonperforming loans to total loans 1.58  % 1.63  % 1.00  % 1.58  % 1.00  %

Adjustments:

Fully guaranteed balances (0.51 %) (0.41 %) (0.22 %) (0.51 %) (0.22 %)

Adjusted nonperforming loans to total loans 1.07  % 1.22  % 0.78  % 1.07  % 0.78  %

Allowance for credit losses - loans to nonperforming loans 88.39  % 91.72  % 106.83  % 88.39  % 106.83  %

Adjustments:

Fully guaranteed balances 41.45  % 30.73  % 29.03  % 41.45  % 29.03  %

Adjusted allowance for credit losses - loans to nonperforming loans 129.84  % 122.45  % 135.86  % 129.84  % 135.86  %

1Assuming a 21% tax rate

EX-99.2

EX-99.2

Filename: inbk2q26investorpresenta.htm · Sequence: 3

inbk2q26investorpresenta

July 2026 Investor Presentation NASDAQ: INBK Exhibit 99.2

2 Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements with respect to the financial condition, results of operations, trends in lending policies and loan programs, plans and prospective business partnerships, objectives, future performance and business of the Company. Forward-looking statements are generally identifiable by the use of words such as “believe,” “continue,” “could,” “decline,” “drive,” “enhance,” “estimate,” “expanding,” “expect,” “grow,” “growth,” “improve,” “increase,” “looking ahead,” “may,” “pending,” “plan,” “position,” “preliminary,” “remain,” “rising,” “should,” “slow,” “stable,” “strategy,” “well-positioned,” or other similar expressions. Forward-looking statements are not a guarantee of future performance or results, are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the information in the forward- looking statements. Such statements are subject to certain risks and uncertainties including: our business and operations and the business and operations of our vendors and customers; general economic conditions, whether national or regional, and conditions in the lending markets in which we participate may have an adverse effect on the demand for our loans and other products; our credit quality and related levels of nonperforming assets and loan losses, and the value and salability of the real estate that is the collateral for our loans. Other factors that may cause such differences include: failures or breaches of or interruptions in the communications and information systems on which we rely to conduct our business; failure of our plans to grow our commercial and industrial, construction and SBA loan portfolios; competition with national, regional and community financial institutions; the loss of any key members of senior management; the impacts of inflation and rising interest rates on the general economy; risks relating to the regulation of financial institutions; and other factors identified in reports we file with the U.S. Securities and Exchange Commission. All statements in this presentation, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. This presentation contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (“GAAP”). Non-GAAP financial measures, specifically tangible common equity, tangible assets, tangible book value per common share, tangible common equity to tangible assets, total interest income – FTE, net interest income – FTE, net interest margin – FTE, adjusted total revenue, pre-provision net revenue (loss), adjusted pre-provision net revenue, adjusted noninterest income, adjusted income (loss) before income taxes, adjusted income tax (benefit) provision, adjusted net income (loss), adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average shareholders’ equity, adjusted return on average tangible common equity, adjusted tangible common equity, adjusted tangible assets, adjusted tangible common equity to adjusted tangible assets, adjusted nonperforming loans to total loans and adjusted allowance for credit losses - loans to nonperforming loans are used by the Company’s management to measure the strength of its capital and analyze profitability, including its ability to generate earnings on tangible capital invested by its shareholders. Although management believes these non-GAAP measures are useful to investors by providing a greater understanding of its business, they should not be considered a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the table at the end of this presentation under the caption “Reconciliation of Non-GAAP Financial Measures.”

3 First Internet Bancorp At-A-Glance • Digital Banking Pioneer - First state-chartered, FDIC-insured institution to operate entirely online, reimagining traditional banking over 25 years ago • Business Model Innovation - Highly scalable branchless banking model with a proven history of dynamic innovation and strong growth • Diversified Revenue Streams - Commercial banking, SBA lending, consumer lending, and BaaS partnerships • Multiple Lending Channels – Scalable origination platforms across lending businesses support sustainable growth • Banking-as-a-Service (BaaS) – Offers platform capabilities enabling fintech partnerships and collaborations • Regulatory Expertise - Deep compliance and risk management capabilities $5.6B TOTAL ASSETS 23%1 TTM ADJ. REVENUE GROWTH $170M1 ADJ. REVENUE TTM $3.8B TOTAL LOANS $4.8B TOTAL DEPOSITS $359M TANGIBLE EQUITY As of 6/30/26 1 See Reconciliation of Non-GAAP Financial Measures in the Appendix

4 Our Founding Thesis • Founded in 1999, based on a revolutionary idea that challenged the entire banking industry - create America's first state-chartered, FDIC-insured institution to operate entirely online • 25+ Year Legacy: From kitchen table startup to industry transformer, maintaining the same entrepreneurial spirit that empowers customers to "bank on their own ideas" • Core Guiding Principles:  Personal Connections: Despite being digital- first, we believe in the power of personal relationships built on trust and understanding  Customer-Centric: Taking time to know each customer and provide tailored solutions for every financial need  Innovation-Driven: Staying true to our roots as trailblazers who transformed an entire industry "Like most start-ups, our early days were challenging. But we built our success — and transformed the banking industry — by staying true to our roots as innovators and trailblazers. Today, we bring the same passion and creativity to every interaction you have with First Internet Bank — we want to empower you to bank on your own ideas.” CHAIRMAN AND CEO DAVID B. BECKER:

5 Our Business Model Branchless model attracts a nationwide deposit base with low acquisition costs, supplemented by BaaS partnerships – deployed into scalable specialty lending channels

6 Multiple Asset Generation Channels $ in millions As of 06/30/26 Core Lending Areas Construction & Investor CRE $ 1,097 Small Business Lending 436 C&I / Emerging Verticals 264 Public Finance 446 Single Tenant Lease Financing 289 Consumer Lending 442 Exited Lines Franchise Finance 357 Residential Mortgage 340 Healthcare Finance 121 Net Deferred Loan Fees, Premiums, Discounts and Other 19 $3,811 Strategic Focus • Specialized areas of lending • Scalable, nationwide platforms with growth potential • Optimize the mix of interest-earning assets • AI and tech to facilitate scalability and manage credit risk • Maximize risk-adjusted returns Emerging Opportunities • Embedded finance • Fintech partnership lending • Wealth advisory lending • Equipment finance

7 Digital Banking & Fintech Partnerships Drive Growth Digital Banking • $2.5B in digital deposits • Consumer and SMB deposits sourced nationally • Do More Business Checking includes Cash Flow Analysis, payments through Zelle and Balance Optimizer • Do More Business Checking is a 3-time recipient of the Best in Biz Silver Winner award for Small or Medium Business Product of the Year BaaS / Fintech • Program sponsorship: deposits, payments, cards/BIN and lending • Empowers partners to move funds quickly at scale over multiple payments rails – ACH, FedNow, RTP Network • Origination of embedded finance / SMB credit products • 2025 co-recipient of the award for Payments Innovation of the Year from American Banker for our work with Increase to deliver High- fidelity ACH $3.6B Total Fintech Deposits $2.4B Held Off-Balance Sheet 199% Increase in Fintech Deposits over 2Q25 $314B Fintech Payments Volume TTM 256% Increase in Fintech Payments Volume over TTM ended 6/30/25

8 Key Investment Highlights • Digital Banking - America's first online bank with a 25+ year branchless model delivering superior cost structure and geographic reach • Technology Moat & Fintech Edge - Quarter-century digital head start creates competitive barriers and compelling partnership platform • Balance Sheet Restructuring - Accelerated optimization of the asset mix to drive increased earnings and improve interest rate risk • Disciplined credit underwriting – Historically strong credit quality through prudent underwriting and proactive portfolio management • Strong Financial Momentum - Continuous growth in net interest income with expanding net interest margin and strong loan originations • Pathway to Improved Profitability - Revenue growth is driving increased pre-provision, net revenue and positive operating leverage • BaaS-Powered Balance Sheet - Fintech partnerships fuel robust deposit growth creating strong liquidity and expansion capacity • Compelling Deep Value - Trading at significant discount to peers and tangible book value despite superior growth model Founder-led organization focused on building long-term shareholder value, with an attractive value-oriented entry point

9 Experienced Leadership • Founder of the first state-chartered, FDIC-insured bank to operate entirely online 25+ years ago • 40-year career in fintech/SaaS with 5 successful Inc. 500 company exits • Founding Board Chair of TechPoint and active in multiple Indiana economic development and education initiatives • Ernst & Young Entrepreneur of the Year (2001), Indiana Banking Excellence Award (2021), and Mickey Maurer Entrepreneur of the Year (2025) • Appointed president in July 2021 • 25 years with the Company in various leadership roles, including COO • Fintech background prior to joining INBK • Active on advisory boards for Indianapolis Neighborhood Housing Partnership and Hamilton County Community Foundation • Brings 30+ years of financial services experience • Banking Industry Veteran - Previously SVP of Investor Relations & Corporate Development at First Financial Bancorp (publicly traded bank holding company) • Former investment banker specializing in financial services sector • Began career at Price Waterhouse LLP DAVID B. BECKER Chairman and CEO NICOLE S. LORCH President, COO and Corporate Secretary KENNETH J. LOVIK EVP & CFO

Financial Review

11 Second Quarter 2026 Highlights Earnings • Net income of $2.4 million, up significantly over 2Q25 • Diluted EPS of $0.27, up significantly over 2Q25 NII and NIM • Net interest income of $32.4 million and FTE NII of $33.6 million1,2, up 16% and 15%, respectively, over 2Q25 • Net interest margin and FTE NIM of 2.39% and 2.47%1,2, both up 43 bps from 2Q25 Revenue and PPNR • Total revenue of $41.1 million, up 23% over 2Q25 • Pre-provision net revenue of $15.0 million1, up 28% over 2Q25 Loans • Total loan balances of $3.8 billion, up 1% from 1Q26 • Weighted average yield on new loans funded in 2Q26 was 7.26% • SBA GOS revenue of $4.7 million; sold $56.3 million of 7(a) guaranteed balances Credit • Provision for credit losses of $13.4 million, down 18% from 1Q26 • Net charge-offs / average loans of 1.77%, up from 1.65% in 1Q26 • NPLs / total loans of 1.58%, or 1.07%1 excluding fully-guaranteed balances Capital • TCE / TA of 6.46%1, CET1 of 8.90%3, total capital of 12.22%3 • Excluding AOCI and adjusting for normalized cash balances, adjusted TCE / TA of 6.98%1 • Tangible book value per share of $41.091, up from 1Q26 1 See Reconciliation of Non-GAAP Financial Measures in the Appendix 2 On a fully-taxable equivalent (“FTE”) assuming a 21% tax rate 3 Regulatory capital ratios are preliminary pending filing of the Company’s regulatory reports

12 Positive Credit Trends $11.8 $15.2 $7.4 $9.1 $4.8 2Q25 3Q25 4Q25 1Q26 2Q26 Small Business Lending Net Charge-offs $ in millions • Total nonaccrual loans declined for the second consecutive quarter, and are down 14% from 1Q26 • Total delinquencies 30D+PD declined to 0.78% of performing loans, down from 1.06% in 1Q26 • Significant decline in early-stage delinquencies; down 57% from 1Q26 and 75% from 4Q25 • Small business lending delinquencies declined to $1.5 million, down from $13.3 million in 1Q26 $26.2 $15.7 $6.7 $8.7 $15.0 $7.9 $2.2 $8.7 $14.5 $37.1 $39.4 $29.1 1.01% 1.06% 0.78% 4Q25 1Q26 2Q26 Delinquencies 30 - 59 Days 60 - 89 Days 90+ Days Total DQs / Total Loans $ in millions $31.8 $41.8 $42.7 $37.4 $26.4 $2.4 $0.9 $2.2 $8.7 $14.5 $9.3 $10.6 $13.6 $15.5 $19.2 $43.5 $53.3 $58.5 $61.6 $60.1 1.00% 1.47% 1.56% 1.63% 1.58% 0.78% 1.18% 1.20% 1.22% 1.07% 2Q25 3Q25 4Q25 1Q26 2Q26 Nonperforming Loans Govt. Guaranteed NPLs 90D+PD & Accruing Nonaccrual Loans ex. Govt. Guaranteed NPLs / Total Loans NPLs ex. Govt. Guaranteed / Total Loans $ in millions

13 Credit Quality Overview $46.5 $59.9 $55.7 $56.5 $53.1 1.07% 1.65% 1.49% 1.50% 1.39% 2Q25 3Q25 4Q25 1Q26 2Q26 Allowance for Credit Losses ACL ACL/Total loans $ in millions $14.3 $21.0 $16.0 $15.8 $16.9 1.31% 1.89% 1.68% 1.65% 1.77% 2Q25 3Q25 4Q25 1Q26 2Q26 Net Charge-offs NCOs NCOs/Average Loans $ in millions $13.6 $34.8 $12.0 $16.3 $13.4 2Q25 3Q25 4Q25 1Q26 2Q26 Provision for Credit Losses $ in millions $ in millions $36.2 $44.7 $47.7 $48.2 $45.4 $9.3 $10.5 $13.6 $15.5 $19.2 $45.5 $55.2 $61.3 $63.7 $64.6 0.75% 0.98% 1.10% 1.12% 1.16% 0.60% 0.79% 0.86% 0.84% 0.82% 2Q25 3Q25 4Q25 1Q26 2Q26 Nonperforming Assets Govt. Guaranteed NPAs NPAs ex. Govt. Guaranteed NPAs / Total Assets NPAs ex. Govt. Guaranteed / Total Assets

14 Adjusted Total Revenue1 and Pre-Provision, Net Revenue1 $33.5 $43.5 $42.1 $43.1 $41.1 $11.7 $18.1 $17.9 $18.1 $15.0 2Q25 3Q25 4Q25 1Q26 2Q26 Adjusted Total Revenue Adjusted Pre-Provision, Net Revenue Adjusted Efficiency Ratio1 65.0% 58.5% 56.1% 58.0% 63.5% 28% Increase in Adjusted PPNR vs. 2Q25 23% Increase in Adjusted Total Revenue vs. 2Q25 $ in millions 1 See Reconciliation of Non-GAAP Financial Measures in the Appendix

15 Loan Portfolio Overview $3,499 $3,840 $4,171 $3,747 $3,811 $22 $22 $55 $109 $45 $3,521 $3,862 $4,226 $3,856 $3,856 4.47% 5.22% 5.85% 6.15% 6.35% 2022 2023 2024 2025 2Q26 Total Loan Portfolio and Average Yield Total Loans HFI Total Loans HFS Average Yield 6% 29% 8% 12% 3% 11% 9% 9% 12% 1% Portfolio Composition Commercial & Industrial Construction & Investor CRE Single Tenant Lease Financing Public Finance Healthcare Finance Small Business Lending Franchise Finance Residential Loans Other Consumer Loans Net Deferred Loan Fees, Premiums, Discounts & Others YoY Growth in Loans HFI 21% 10% 9% -10% -13% $ in millions Note: Yields for 2022 – 2025 represent annual portfolio yields; 2Q26 yield represents year-to-date yield.

16 Diversified Deposit Base $3,441 $4,067 $4,933 $4,840 $4,831 1.38% 3.83% 4.24% 3.87% 3.42% 2022 2023 2024 2025 2Q26 Total Deposits and Cost of IBDs Total Deposits Cost of IBDs $ in millions 37% 19% 25% 9% 5% 5% Portfolio Composition Consumer Small Business Fintech Commercial Public Funds Brokered YoY Growth 8% 18% 21% -2% -9% Note: Cost of IBDs for 2022 – 2025 represent annual COFs; 2Q26 cost represents year- to-date COFs.

17 $29.1 $31.5 $31.5 $32.8 $33.6 2.04% 2.12% 2.30% 2.45% 2.47% 2Q25 3Q25 4Q25 1Q26 2Q26 Fully-Taxable-Equivalent Net Interest Income (“FTE NII”)1 and Net Interest Margin (“FTE NIM”)1 FTE NII FTE NIM 3.92% 3.87% 3.68% 3.45% 3.38% 6.07% 6.18% 6.39% 6.36% 6.34% 2Q25 3Q25 4Q25 1Q26 2Q26 Loan Yield and Cost of IBDs Cost of IBDs Loan Yield 1Q26 Deposits Cash Securities Loans 2Q26 Net Interest Income and Net Interest Margin 2.45% -8 bps+3 bps +2 bps 2.47%+5 bps FTE NIM1 Bridge $ in millions 1 See Reconciliation of Non-GAAP Financial Measures in the Appendix

18 Noninterest Income Trends 1 See Reconciliation of Non-GAAP Financial Measures in the Appendix $ in millions Key Highlights • SBA 7(a) loan sale volume impacted by seasonally lower originations • SBA gain on sale net premiums consistent with 1Q26 • Fintech fee revenue continues to grow; TTM 2Q26 revenue up 222% over linked period Guaranteed Loans Sold $22.2 $142.5 $110.3 $89.4 $56.3 Reported Noninterest Income $5.6 ($24.6) $11.4 $11.5 $8.7 Loss on Sale of STL loans — ($37.8) ($0.4) - - $1.6 $10.6 $8.6 $7.3 $4.7 $0.8 $0.7 $0.9 $1.8 $1.3 $0.7 $0.9 $1.1 $1.5 $1.9 $2.5 $1.1 $1.2 $0.9 $0.8 $5.6 $13.2 $11.8 $11.5 $8.7 107% 108% 108% 108% 108% 2Q25 3Q25 4Q25 1Q26 2Q26 Adjusted Noninterest Income1 SBA gain on sale Net servicing revenue Fintech Other Average SBA net premium

19 Noninterest Expense Trends $21.8 $25.5 $24.2 $25.0 $26.1 1.48% 1.66% 1.71% 1.80% 1.85% 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest Expense Noninterest Expense NIE to Average Assets $ in millions Key Highlights • Increase in expenses from 1Q26 due primarily to higher compensation, consulting and other expense • Low NIE / average assets highlights efficient business model • YoY expenses reflect additional personnel to strengthen SBA and risk management • The Company expects to continue investing in tech and AI to further enhance consumer and SMB product offerings as well as SBA and risk management% of Noninterest Expense Personnel 50% 56% 52% 53% 52% Non-Personnel 50% 44% 48% 47% 48%

20 Capital and Sources of Liquidity $33.29 $38.51 $39.74 $41.43 $43.77 $40.87 $41.09 2020 2021 2022 2023 2024 2025 2Q26 Tangible Book Value Per Share1 Capital Ratios as of June 30, 20262 Company Bank Total Shareholder’s equity to Assets 6.54% 7.87% Tangible Common equity to Tangible Assets 6.46% 7.79% Tier 1 Leverage 6.23% 7.57% Common Equity Tier 1 8.90% 10.84% Tier 1 Capital 8.90% 10.84% Total Capital 12.22% 12.09% $411 $2,373 $912 $605 $15 $18 Liquidity Sources $ in millions Cash & Equivalents Off-Balance Sheet Deposits Fed Discount Window FHLB Borrowing Capacity Unpledged Securities Unsecured Funding $4,334 1 See Reconciliation of Non-GAAP Financial Measures in the Appendix 2 Regulatory capital ratios are preliminary pending filing of the Company’s and the Bank’s regulatory reports

21 2026 Outlook EPS • Diluted earnings per share of $2.35 to $2.45 Loan Growth • Loan growth in the range of 4% to 6%, driven by solid pipelines across our commercial lending verticals • Outlook reflects early payoffs in commercial lending areas and lower retention of small business lending balances as secondary market premiums remain attractive NII and NIM • FTE net interest margin expansion, reaching 2.75% to 2.80% by the fourth quarter of 2026, driven by ongoing deposit repricing and optimized asset mix • FTE net interest income in the range of $141 million to $142 million Noninterest Income • Noninterest income in the range of $40.5 million to $41 million, reflecting continued BaaS growth and increasing SBA originations and gain on sale activity in the second half of 2026 Noninterest Expense • Noninterest expense in the range of $106 million to $107 million Credit • Provision for credit losses, including net charge-offs and reserves related to problem loans, of $47 million to $48 million • Continual improvement is expected throughout the second half of 2026

Appendix

23 Construction and Investor Commercial Real Estate 45% 14% 9% 6% 6% 20% Portfolio Mix by State IN AZ OH SC FL Other 60% 38% 2% Portfolio by Loan Type Investor Commercial Real Estate Commercial Construction/ Development Residential Construction/ Development 42% 20% 15% 7% 16% Portfolio Mix by Major Industry Multifamily/Mixed Use Industrial Warehouse Hospitality Residential Construction Other • $1.1 billion of combined balances as of June 30, 2026 • Average current loan balance of $15.4 million for investor CRE • Minimal office exposure; 1.5% of combined balances consisting of suburban and medical office • Unfunded commitments of $363 million • Average commitment size for commercial construction / development of $21 million

24 Small Business Lending 23% 20% 15% 10% 32% Portfolio Mix by Major Industry Services Construction Retail Trade Manufacturing Other $436 $1,187 $44 Managed SBA 7(a) Loans Dollar in millions Retained Balance Servicing Portfolio Held for Sale $1,667 18% 14% 9% 8%6% 45% Portfolio Mix by State FL TX CA MI CO Other • $436 million of retained balances as of June 30, 2026 • Nationwide platform providing growth capital to entrepreneurs and small business owners • Diversified by industry and geography • Average retained balance of $354,000

25 C&I and Owner-Occupied Commercial Real Estate • $264 million of combined balances as of June 30, 2026 • Current C&I LOC Utilization of 47% • Minimal office exposure; 0.4% of combined loan balances consisting of suburban office • Average loan sizes  C&I: $573,000  Owner Occupied CRE: $892,000 61% 20% 19% Portfolio by Loan Type C&I - Term Loans C&I - Lines of Credit Owner Occupied CRE 29% 12% 9%8% 5% 37% Portfolio Mix by State IN CA AZ IL WA Other 13% 10% 8% 4% 4% 61% Portfolio Mix by Major Industry Services Manufacturing Construction Health Care and Social Assistance Real Estate and Rental and Leasing Other

26 Public Finance • $446 million of balances as of June 30, 2026 • Provides a range of credit solutions for government and not-for-profit entities • Borrower’s needs include short-term financing, debt refinancing, infrastructure improvements, economic development and equipment financing • No delinquencies or loses since inception 31% 12% 12% 10% 6% 29% Portfolio Mix by Repayment Source General Obligation Lease Rental Revenue Essential Use Equipment Loans Water & Sewer Revenue Private Higher Education Other 32% 28% 2% 1% 37% Borrower Mix by Credit Rating A AA AAA BBB Non-Rated 66%5% 5% 4% 4% 16% Portfolio Mix by State IN OH OK IA MO Other

27 Single Tenant Lease Financing • $289 million of balances as of June 30, 2026 • Long-term financing of single tenant properties occupied by historically strong national and regional tenants • Weighted-average portfolio LTV of 56% • Average loan size of $1.7 million • Strong historical credit performance • Completed sale of $850 million of loans to Blackstone in 2025 43% 11% 8% 6% 6% 26% Portfolio Mix by Major Vertical Auto-Related Stores Quick Serve Restaurants Convenience Stores/Filling Stations Medical Full Service Restaurants Other 6% 6% 5% 5% 4% 74% Portfolio Mix by Major Tenant Cobblestone Auto Spa Whistle Express Car Wash 7-Eleven Main Street Auto KinderCare Other 18% 14% 9% 5%4% 50% Portfolio Mix by State FL TX NC GA AR Other

28 Specialty Consumer • $442 million of combined balances as of June 30, 2026 • Direct-to-consumer and nationwide dealer network originations • Strong historical credit performance • Focused on high quality borrowers • Average credit score at origination of 779 • Average loan size of $28,000 57% 33% 10% Portfolio by Loan Type Trailers Recreational Vehicles Other Consumer 14% 9% 6% 4% 4% 63% Portfolio Mix by State TX CA FL NC AZ Other 35% 49% 13% 3% Portfolio Mix by Credit Score at Origination 800-850 740-799 700-739 670-699

29 Franchise Finance • $357 million of balances as of June 30, 2026 • Provided growth financing to franchisees in a variety of industry segments • Diversified by industry, geography and brand • Average loan size of $647,000 18% 15% 14% 14% 39% Portfolio by Borrower Use Limited-Service Restaurants Beauty Salons Indoor Recreation Snacks and Nonalcoholic Beverages Other 12% 11% 7% 5% 5% 60% Portfolio Mix by State CA TX FL GA MI Other 8% 7% 7% 5% 5% 68% Portfolio Mix by Brand Urban Air Adventure Park My Salon Suite Scooter's Coffee Goldfish Swim School Restore Hyper Wellness Other

30 Residential Mortgage • $340 million of combined balances as of June 30, 2026 • Historically direct-to-consumer originations centrally located at corporate headquarters • Strong historical credit performance • Focused on high quality borrowers • Average loan size of $194,000 • Average credit score at origination of 742 • Average LTV at origination of 80% 94% 4% 1% 1% Portfolio by Loan Type Single Family Residential Home Equity – LOC Home Equity – Closed End SFR Construction to Permanent 74% 12% 2% 2% 1% 9% Portfolio Mix by State IN CA NY FL TX Other 75% 15% 4%4% 2% Portfolio Mix by Region Midwest West Coast Northeast/Mid-Atl. Southeast Southwest

31 Healthcare Finance • $121 million of balances as of June 30, 2026 • Borrower’s needs include practice finance or acquisition, acquiring or refinancing owner- occupied commercial real estate, equipment purchases and project loans • Strong historical credit performance to date • Average loan size of $325,000 73% 22% 5% Portfolio by Loan Type Practice Refi or Acquisition Owner Occupied CRE Project 31% 11% 5%5%4% 44% Portfolio Mix by State CA TX FL NY AZ Other 86% 10% 4% Portfolio Mix by Borrower Dentists Veterinarians Other

Dollars in thousands, except share and per share data 2021 2022 2023 2024 2025 2Q26 Total equity - GAAP $380,338 $364,974 $362,795 $384,063 $359,767 $363,547 Adjustments: Goodwill (4,687) (4,687) (4,687) (4,687) (4,687) (4,687) Tangible common equity $375,651 $360,287 $358,108 $379,376 $355,080 $358,860 Common shares outstanding 9,754,455 9,065,883 8,644,451 8,667,894 8,686,994 8,733,574 Book value per common share $38.99 $40.26 $41.97 $44.31 $41.41 $41.63 Effect of goodwill (0.48) (0.52) (0.54) (0.54) (0.54) (0.54) Tangible book value per common share $38.51 $39.74 $41.43 $43.77 $40.87 $41.09 32 Reconciliation of Non-GAAP Financial Measures

Dollars in thousands, except share and per share data 2Q25 3Q25 4Q25 1Q26 2Q26 Total equity - GAAP $390,239 $352,168 $359,767 $360,954 $363,547 Adjustments: Goodwill (4,687) (4,687) (4,687) (4,687) (4,687) Tangible common equity $385,552 $347,481 $355,080 $356,267 $358,860 Total assets - GAAP $6,072,573 $5,639,174 $5,571,647 $5,711,688 $5,556,375 Adjustments: Goodwill (4,687) (4,687) (4,687) (4,687) (4,687) Tangible assets $6,067,886 $5,634,487 $5,566,960 $5,707,001 $5,551,688 Common shares outstanding 8,713,094 8,713,094 8,686,994 8,716,662 8,733,574 Book value per common share $44.79 $40.42 $41.41 $41.41 $41.63 Effect of goodwill (0.54) (0.54) (0.54) (0.54) (0.54) Tangible book value per common share $44.25 $39.88 $40.87 $40.87 $41.09 Total shareholders' equity to assets 6.43% 6.25% 6.46% 6.32% 6.54% Effect of goodwill (0.08%) (0.08%) (0.08%) (0.08%) (0.08%) Tangible common equity to tangible assets 6.35% 6.17% 6.38% 6.24% 6.46% 33 Reconciliation of Non-GAAP Financial Measures

Dollars in thousands 2Q25 3Q25 4Q25 1Q26 2Q26 Total interest income $80,886 $84,388 $78,054 $75,810 $76,636 Adjustments: Fully-taxable equivalent adjustments 1 1,157 1,158 1,161 1,160 1,142 Total interest income - FTE $82,043 $85,546 $79,215 $76,970 $77,778 Net interest income $27,990 $30,352 $30,322 $31,598 $32,439 Adjustments: Fully-taxable equivalent adjustments 1 1,157 1,158 1,161 1,160 1,142 Net interest income - FTE $29,147 $31,510 $31,483 $32,758 $33,581 Net interest margin 1.96% 2.04% 2.22% 2.36% 2.39% Adjustments: Effect of fully-taxable equivalent adjustments 1 0.08% 0.08% 0.08% 0.09% 0.08% Net interest margin - FTE 2.04% 2.12% 2.30% 2.45% 2.47% 34 Reconciliation of Non-GAAP Financial Measures 1 Assuming a 21% tax rate

Dollars in thousands 2Q25 3Q25 4Q25 1Q26 2Q26 Total revenue - GAAP $33,547 $5,705 $41,697 $43,116 $41,124 Adjustments: Loss on sale of loans - 37,823 411 - - Adjusted total revenue $33,547 $43,528 $42,108 $43,116 $41,124 Net income - GAAP $193 ($41,593) $5,289 $2,509 $2,367 Adjustments:1 Provision for credit losses 13,608 34,789 11,984 16,305 13,415 Income tax (benefit) provision (2,054) (12,950) 213 (725) (780) Pre-provision net revenue (loss) $11,747 ($19,754) $17,486 $18,089 $15,002 Pre-provision net revenue (loss) $11,747 ($19,754) $17,486 $18,089 $15,002 Adjustments: Loss on sale of loans - 37,823 411 - - Adjusted pre-provision net revenue $11,747 $18,069 $17,897 $18,089 $15,002 Noninterest income (loss) - GAAP $5,557 ($24,647) $11,375 $11,518 $8,685 Adjustments: Loss on sale of loans - 37,823 411 - - Adjusted noninterest income $5,557 $13,176 $11,786 $11,518 $8,685 Income (loss) before income taxes - GAAP ($1,861) ($54,543) $5,502 $1,784 $1,587 Adjustments: Loss on sale of loans - 37,823 411 - - Adjusted income (loss) before income taxes ($1,861) ($16,720) $5,913 $1,784 $1,587 35 Reconciliation of Non-GAAP Financial Measures 1 Assuming a 21% tax rate

Dollars in thousands 2Q25 3Q25 4Q25 1Q26 2Q26 Income tax (benefit) provision - GAAP ($2,054) ($12,950) $213 ($725) ($780) Adjustments:1 Loss on sale of loans - 8,699 86 - - Adjusted income tax (benefit) provision ($2,054) ($4,251) $299 ($725) ($780) Net income (loss) - GAAP $193 ($41,593) $5,289 $2,509 $2,367 Adjustments: Loss on sale of loans - 29,124 325 - - Adjusted net income (loss) $193 ($12,469) $5,614 $2,509 $2,367 Diluted average common shares outstanding 8,760,374 8,742,052 8,769,456 8,774,111 8,822,099 Diluted earnings per share - GAAP $0.02 ($4.76) $0.60 $0.29 $0.27 Adjustments: Effect of loss on sale of loans - 3.33 0.04 - - Adjusted diluted earnings per share $0.02 ($1.43) $0.64 $0.29 $0.27 Return on average assets 0.01% (2.71%) 0.37% 0.18% 0.17% Effect of loss on sale of loans 0.00% 1.90% 0.02% 0.00% 0.00% Adjusted return on average assets 0.01% (0.81%) 0.39% 0.18% 0.17% Return on average shareholders' equity 0.20% (42.11%) 5.79% 2.72% 2.56% Effect of loss on sale of loans 0.00% 29.48% 0.36% 0.00% 0.00% Adjusted return on average shareholders' equity 0.20% (12.63%) 6.15% 2.72% 2.56% Return on average tangible common equity 0.20% (42.62%) 5.87% 2.75% 2.60% Effect of loss on sale of loans 0.00% 29.84% 0.36% 0.00% 0.00% Adjusted return on average tangible common equity 0.20% (12.78%) 6.23% 2.75% 2.60% 36 Reconciliation of Non-GAAP Financial Measures 1 Assuming a 21% tax rate

Dollars in thousands 2Q26 Tangible common equity $358,860 Adjustments: Accumulated other comprehensive loss 21,117 Adjusted tangible common equity $379,977 Tangible assets $5,551,688 Adjustments: Cash in excess of $300 million (110,968) Adjusted tangible assets $5,440,720 Adjusted tangible common equity $379,977 Adjusted tangible assets $5,440,720 Adjusted tangible common equity to adjusted tangible assets 6.98% Dollars in thousands TTM 2Q25 TTM 2Q26 $ Variance % Variance Total Revenue - GAAP $142,351 $131,642 ($10,709) (8%) Adjustments: Gain on prepayment of FHLB advance (1,829) - 1,829 Gain on termination of swaps (2,904) - 2,904 Loss on sale of loans - 38,234 38,234 Adjusted total revenue $137,618 $169,876 $32,258 23% 37 Reconciliation of Non-GAAP Financial Measures

2Q25 3Q25 4Q25 1Q26 2Q26 Nonperforming loans to total loans 1.00% 1.47% 1.56% 1.63% 1.58% Adjustments: Fully-guaranteed balances (0.22%) (0.29%) (0.36%) (0.41%) (0.51%) Adjusted nonperforming loans to total loans 0.78% 1.18% 1.20% 1.22% 1.07% Allowance for credit losses - loans to nonperforming loans 106.83% 112.53% 95.13% 91.72% 88.39% Adjustments: Fully-guaranteed balances 29.03% 27.83% 28.84% 30.73% 41.45% Adjusted allowance for credit losses - loans to nonperforming loans 135.86% 140.36% 123.97% 122.45% 129.84% 38 Reconciliation of Non-GAAP Financial Measures

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Jul. 30, 2026

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8701 E. 116th Street

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6.0% Fixed to Floating Subordinated Notes due 2029

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