First Internet Bancorp is a bank holding company headquartered in Fishers, Indiana that conducts its primary business activities through its wholly-owned subsidiary, First Internet Bank of Indiana, an Indiana chartered bank. The Bank was the first state-chartered, FDIC insured Internet bank and commenced banking operations in 1999. First Internet Bancorp was incorporated under the laws of the State of Indiana on September 15, 2005. On March 21, 2006, we consummated a plan of exchange by which we acquired all of the outstanding shares of the Bank. The Bank has three wholly-owned subsidiaries: First Internet Public Finance Corp., an Indiana corporation that provides a range of public and municipal finance lending and leasing products to governmental entities throughout the United States and acquires securities issued by state and local governments and other municipalities; JKH Realty Services, LLC, a Delaware limited liability company that manages other real estate owned properties as needed; and SPF15, Inc., an Indiana corporation that owns real estate used primarily for the Bank’s principal office. We offer a wide range of commercial, small business, consumer and municipal banking products and services. We conduct our consumer and small business deposit operations primarily through digital channels on a nationwide basis and have no traditional branch offices. Our consumer lending products are primarily originated on a nationwide basis through relationships with dealerships and financing partners. Our commercial banking products and services are delivered through a relationship banking model or through strategic partnerships and include commercial and industrial (“C&I”) lending, construction and investor commercial real estate lending, single tenant lease financing, public finance, specialty finance, small business lending, and commercial deposits and treasury management. Our C&I team provides credit solutions such as lines of credit, term loans, owner-occupied commercial real estate loans and corporate credit cards on a regional basis to commercial borrowers primarily in the Midwest and Southwest regions of the United States. We offer construction, investor commercial real estate loans and single tenant lease financing on a nationwide basis. Our public finance team provides a range of public and municipal lending and leasing products to government entities on a nationwide basis. Our specialty finance team manages our healthcare, franchise finance and equipment finance portfolios and our commercial deposits and treasury management team works with the other commercial teams to provide deposit products and treasury management services to our commercial and municipal lending customers as well as pursues commercial deposit opportunities in business segments where we have no credit relationships. We believe that we differentiate ourselves from larger financial institutions by providing a full suite of services to emerging small businesses and entrepreneurs on a nationwide basis. We ranked as the 7th largest Small Business Administration (“SBA”) 7(a) lender for the SBA’s 2025 fiscal year. We also offer a top-ranked small business checking account product to our country’s entrepreneurs. We also offer payment, deposit, card and lending products and services through partnerships with financial technology companies and platforms (“fintechs”). With the rapid evolution of technology that enables small businesses to manage their finances digitally, fintechs are addressing a significantly growing marketplace. Fintechs have created robust digital offerings, unburdened by legacy technology architecture, to address growing customer expectations. Through partnerships with selected fintechs, we believe our ability to win and retain small business relationships will be significantly enhanced. Furthermore, we believe partnering with select fintechs will allow us to further diversify our revenue sources, acquire deposits and pursue additional asset generation capabilities. As of December 31, 2025, the Company had consolidated assets of $5.6 billion, consolidated deposits of $4.8 billion and shareholders’ equity of $359.8 million.
< First Internet Bancorp generates revenue through interest income on loans and leases, fees from deposit and treasury management services, and income from partnerships with financial technology companies. The company earns interest from commercial and industrial lending, construction and investor commercial real estate loans, single tenant lease financing, public finance, specialty finance including healthcare and equipment finance, and small business lending. Fee-based revenue comes from treasury management services, deposit account services, and card products offered to commercial and municipal customers. Revenue is also derived from securities acquired by its public finance subsidiary and gains on loan sales. The company leverages fintech partnerships to expand its digital product offerings and enhance customer acquisition in the small business segment.
< The company operates through the following segments:
- Commercial Banking: This segment provides credit solutions such as lines of credit, term loans, owner-occupied commercial real estate loans, and corporate credit cards to commercial borrowers primarily in the Midwest and Southwest regions of the United States. It also delivers construction and investor commercial real estate loans and single tenant lease financing on a nationwide basis. The segment works closely with the commercial deposits and treasury management team to offer integrated financial solutions.
- Public Finance: This segment provides a range of public and municipal lending and leasing products to government entities throughout the United States. It acquires securities issued by state and local governments and other municipalities as part of its investment activities. The segment operates through First Internet Public Finance Corp., an Indiana corporation subsidiary of the Bank.
- Specialty Finance: This segment manages the company’s healthcare, franchise finance, and equipment finance portfolios. It focuses on niche lending areas that require specialized underwriting and servicing expertise. The segment supports the company’s diversification strategy in commercial lending.
- Consumer and Small Business Banking: This segment originates consumer lending products nationwide through relationships with dealerships and financing partners. It conducts deposit operations primarily through digital channels with no traditional branch offices. The segment offers payment, deposit, card, and lending products and services through partnerships with financial technology companies. It includes the top-ranked small business checking account product and SBA 7(a) lending activities.
- Commercial Deposits and Treasury Management: This segment works with other commercial teams to provide deposit products and treasury management services to commercial and municipal lending customers. It pursues commercial deposit opportunities in business segments where the company has no existing credit relationships. The segment helps deepen client relationships and generate fee-based revenue.
< First Internet Bancorp competes with digital banks, fintech companies, traditional banks, savings banks, credit unions, investment banks, insurance companies, and securities brokerages in consumer banking activities. For commercial and industrial lending, the company faces competition from super-regional, regional, and community banks operating in the Midwest and Southwest regions of the United States. In single tenant lease financing, construction, investor commercial real estate, public finance, and specialty finance, it competes nationally with regional banks, community banks, credit unions, life insurance companies, and commercial mortgage-backed securities lenders. The company’s competitive advantages include its digital-first branchless model, nationwide reach, partnership strategy with fintechs, and focus on serving emerging small businesses and entrepreneurs. Its ranking as the 7th largest SBA 7(a) lender in the 2025 fiscal year reflects its strength in the small business lending niche.
< First Internet Bancorp serves consumers, small businesses, commercial clients, and municipal entities across the United States. The company’s customer base includes entrepreneurs seeking digital banking solutions, small businesses using its top-ranked checking account and SBA lending products, commercial borrowers in the Midwest and Southwest regions, and government entities utilizing its public finance lending and leasing services. It also works with dealerships and financing partners to originate consumer loans nationwide. Through fintech partnerships, the company extends its reach to technology-savvy small business owners managing finances digitally.