Alert: Rating Upgrade (9/12/25)-First Internet Bancorp (NASDAQ: INBK).

Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for First Internet Bancorp (NASDAQ: INBK) improved in the last week. INBK’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.

Recent Price Action

First Internet Bancorp (NASDAQ: INBK) stock increased 1.9% on 9/12/25. The shares closed at $24.38. NORMAL trading volume accompanied the advance. The stock has declined -2.1% during the last week and has been extremely weak relative to the market over the last nine months.

Current PriceTarget Research Rating

First Internet Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Internet Bancorp has a very high Appreciation Score of 94 but a poor Power Rating of 25, resulting in the Positive Value Trend Rating.