First Internet reported a FY 2025 net loss of USD 35.2 million, or USD 4.03 per diluted share, compared with FY 2024 net income of USD 25.3 million. FY 2025 results included a pre-tax loss of USD 38.2 million tied to the sale of USD 851.2 million of single tenant lease financing loans, which management said was aimed at strengthening regulatory capital ratios and improving interest rate risk. Net interest income in FY 2025 rose 30% to USD 113.76 million, and net interest margin increased to 2.01% from 1.65%. Provision for credit losses in FY 2025 was USD 72.31 million, while noninterest income fell 94% to USD 2.71 million. Total assets at Dec. 31, 2025 were USD 5.57 billion and book value per common share was USD 41.41.

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