nCino Announces Partnership With Parlay To Resell Its AI Loan Intake Software To SBA Lenders

First Internet Bank Implements AI Agents to Accelerate SBA Loan Compliance Reviews

First Internet Bank of Indiana, a subsidiary of First Internet Bancorp, has reduced its Small Business Administration (SBA) loan compliance review times by 87% using AI agents.

Piper Sandler Maintains Neutral on First Internet, Raises Price Target to $29.5

Piper Sandler analyst Nathan Race maintains First Internet (NASDAQ:INBK) with a Neutral and raises the price target from $26 to $29.5.

First Internet Bancorp shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY26 GAAP EPS guidance above estimates. Also, Benchmark maintained a Buy rating on the stock and raised its price target from $33 to $35.

Shares of software companies are trading higher as the sector rebounds from recent weakness. Also, recent economic data raised expectations that the Fed will skip interest rate hikes this month.

Stephens & Co. Reinstates Overweight on Ncino, Announces $26 Price Target

Stephens & Co. analyst Brett Huff reinstates Ncino (NASDAQ:NCNO) with a Overweight and announces $26 price target.

Shares of enterprise software companies are trading higher amid an investor rotation from highly leveraged AI-exposed names into the legacy tech services sector. Fears of persistently high inflation and interest rates may increase the appeal of the industry's proven business models.