Regional Banks Post Mixed Q2 Earnings, INBK Drops

Recent quarterly earnings highlight mixed outcomes for U.S. regional banks and major financial institutions. First Internet Bancorp (INBK) missed both earnings and revenue estimates, extending its underperformance and prompting a 23% share price drop this year, raising investor concerns. Pinnacle Financial Partners exceeded adjusted EPS expectations, citing strategic banker recruitment and stable loan loss reserves, despite missing on revenue. FB Financial experienced revenue shortfalls due to one-time losses and merger disruptions but maintained stable core operations and remains open to targeted M&A. JPMorgan Chase reported robust performance across business lines, particularly in card services and asset management, with management emphasizing broad-based growth and prudent capital allocation. United Airlines, although not a financial firm, reported strong margins driven by premium segment demand and loyalty, despite softer domestic demand.