First Internet Bancorp 2025年季度报告

subsidiaries (the “Company,” “we,” “our,” or “us”) regardingour business strategies, intended results and future performance, includingwithout limitation statements concerning the financial condition, results of operations, trends in lending policies and loan programs, plans andprospective business partnerships, objectives, future performance and business of the Company. Forward-looking statements are generally “likely,” “may,” “objective,” “optimistic,” “pending,” “plan,” “position,” “potential,” “preliminary,” “remain,” “scale,” “should,” “will,”“would” or other similar expressions. Such statements are subject to certain risks and uncertainties including:our business and operations and high unemployment rates, as well as the financial stress on borrowers and changes to customer and client behavior and credit risk as a result ofthe foregoing); our credit quality and related levels of nonperforming assets and loan losses, and the value and salability of the real estate that is collateral for our loans; failures or breaches of or interruptions in the communication and information systems on which we rely to conduct ourbusiness that could reduce our revenues, increase our costs or lead to disruptions in our business; our dependence on capital distributions fromFirst Internet Bank of Indiana (the “Bank”); results of examinations of us by our regulators, including the possibility that our regulators may,among other things, require us to increase our allowance for credit losses or to write-down assets; changing bank regulatory conditions, policiesor programs, whether arising as new legislation or regulatory initiatives, that could lead to restrictions on activities of banks generally, or theBank in particular; more restrictive regulatory capital requirements; increased costs, including deposit insurance premiums; regulation orprohibition of certain income producing activities or changes in the secondary market for loans and other products; changes in market rates andprices that may adversely impact the value of securities, loans, deposits and other financial instruments and the interest rate sensitivity of ourbalance sheet; our liquidity requirements being adversely affected by changes in our assets and liabilities; the effect of legislative or regulatorydevelopments, including changes in laws concerning taxes, banking, securities, insurance and other aspects of the financial services industry;potential impacts of adverse developments in the banking industry, including impacts on customer confidence, deposit outflows, liquidity andthe regulatory response thereto; inaccuracies or other failures from the use of models, including the failure of assumptions and estimates, aswell as differences in, and changes to, economic, market and credit conditions; potential claims, damages, penalties, fines, costs andreputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions; competitive factors amongfinancial services organizations, including product and pricing pressures and our ability to attract, develop and retain qualified bankingprofessionals; the growth and profitability of noninterest or fee income being less than expected; the loss of any key members of seniormanagement; the effect of changes in accounting policies and practices, as may be adopted by the Financial Accounting Standards Board, theSecurities and Exchange Commission (the “SEC”), the Public Company Accounting Oversight Board and other regulatory agencies; and theeffect of fiscal and governmental policies of the United States federal government.Additional factors that may affect our results include thosediscussed in this Quarterly Report on Form 10-Q and our most recent Annual Report on Form 10-K under the heading “Risk Factors” and inother reports filed with the SEC. We caution readers not to place undue reliance on any such forward-looking statements, which speak only asof the date made. The factors listed above could affect our financial performance and could cause our actual results for future periods to differmaterially from any opinions or statements expressed with respect to future periods in any current statements.Except as required by law, we do not undertake, and specifically disclaim any obligation, to publicly release the result of any revisionsthat may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect theoccurrence of anticipated or unanticipated events. First Internet BancorpCondensed Consolidated Balance Sheets(Amounts in thousands except share data) 6 Weighted-average common sharesBasic earnings per common share Diluted earnings per share Dilutive effect of equity compensation69,315Weighted-average common and incremental shares8,784,970 $2.8million and $1.1million, respectively, at December 31, 2024, and is included in accrued interest receivable on the condensedconsolidated balance sheet. The Company elect