5 Best Micro-Cap Dividend Stocks To Buy Now

4. First Internet Bancorp (NASDAQ:INBK)

Market Cap as of May 13: $208.8 Million

On May 1, Piper Sandler analyst Nathan Race raised the firm’s price recommendation on First Internet Bancorp (NASDAQ:INBK) to $24 from $23.50. It reiterated a Neutral rating on the shares. The firm said the company reported another difficult quarter from an asset quality standpoint, citing continued elevated net charge-offs and loan loss provisions. According to Piper Sandler, those pressures could put management’s original 2026 guidance at risk, as higher credit costs are expected to continue at least through Q2. At the same time, the firm said it remains optimistic about a potential improvement in credit costs during the second half of 2026 as recent underwriting enhancements begin to affect a larger portion of the company’s loan portfolio.

During the company’s Q1 2026 earnings call, Chairman & CEO David Becker said First Internet Bancorp delivered strong first-quarter results, which he said highlighted the resilience of its diversified business model. Becker noted that total revenue increased 21% year over year to $43.1 million. He also said the fully taxable equivalent net interest margin expanded by 15 basis points sequentially to 2.45%.

Discussing the balance sheet and fintech-related deposits, Becker said total deposits rose to $5 billion from $4.8 billion in the prior quarter. He added that average fintech deposits reached $2.4 billion during the quarter, while about $1.5 billion of those deposits had been moved off the balance sheet by quarter’s end.

First Internet Bancorp (NASDAQ:INBK) is a bank holding company that conducts its operations through its wholly owned subsidiary, First Internet Bank of Indiana. The bank offers commercial, small business, consumer, and municipal banking products and services.