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First Internet Bancorp shares jump after earnings lift net interest margin

Options volume spiked to more than 4,900 call contracts in a session, while shares gapped up more than 12% after the company reported net income of $2.4 million in Q2.

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First Internet Bancorp shares surged after its second-quarter results showed an improvement in profitability metrics, with the stock gapping up by more than 12% on equity volume that exceeded average daily trading volume by more than 400%, according to MarketBeat Ratings. MarketBeat Ratings said Q2 earnings reflected a strengthened net interest margin, lower delinquencies, and net income of $2.4 million. The outlet linked the turnaround narrative to margin expansion driven by the companys Banking-as-a-Service infrastructure, which supports fintech partnerships and associated fee revenue.

In particular, MarketBeat Ratings reported that fee revenue from fintech partnerships accelerated by roughly 172% year over year during the quarter. It also said First Internet Bancorp shifted about $2.4 billion in fintech deposits off its balance sheet through a specialized deposit network to reduce funding costs.

Separately, the outlet pointed to a major options market anomaly on July 31, 2026, when First Internet Bancorp call option volume surged past 4,900 contracts in a single session. With the stock typically seeing around 20 contracts per day, MarketBeat Ratings described the activity as an expansion of more than 22,000%, suggesting aggressive long accumulation rather than a squeeze, given muted short interest of 2.3% of the float.

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