First Internet Bancorp to Pay Cash Dividend

Rhea-AI Summary

The Board of Directors of First Internet Bancorp (NASDAQ: INBK) has declared a quarterly cash dividend of $0.06 per common share, payable on October 15, 2021, to shareholders on record as of September 30, 2021. Future dividends will be determined based on the Company's operational results, financial condition, and other relevant factors. As of June 30, 2021, the Company has assets totaling $4.2 billion. First Internet Bancorp operates nationally through its subsidiary, First Internet Bank, offering various banking services.

Positive

• Declaration of a quarterly cash dividend of $0.06 per share.
• Company's assets amounting to $4.2 billion as of June 30, 2021.
• Demonstrated commitment to returning value to shareholders through dividends.

Negative

• Future dividends are subject to Board discretion, adding uncertainty.
• Dependence on operational performance and financial condition, which may fluctuate.

FISHERS, Ind.--(BUSINESS WIRE)-- The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on October 15, 2021 to shareholders of record at the close of business on September 30, 2021.

The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company’s results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.

About First Internet Bancorp
First Internet Bancorp is a bank holding company with assets of $4.2 billion as of June 30, 2021. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. The Bank provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally as well as commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services in select geographies. First Internet Bancorp’s common stock trades on the Nasdaq Global Select Market under the symbol “INBK” and is a component of the Russell 2000® Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005923/en/

Investors/Analysts

Paula Deemer

Director of Corporate Administration

(317) 428-4628

investors@firstib.com

Media

Nicole Lorch

President and Chief Operating Officer

(317) 532-7906

nlorch@firstib.com

Source: First Internet Bancorp

FAQ

What is the dividend amount declared by First Internet Bancorp (INBK)?

First Internet Bancorp has declared a quarterly cash dividend of $0.06 per share.

When is the dividend for INBK payable?

The dividend will be payable on October 15, 2021.

What is the record date for the INBK dividend?

The record date for the dividend is September 30, 2021.

How often does First Internet Bancorp pay dividends?

Dividends are declared quarterly, but future payments depend on various factors.

What are the financial conditions affecting future dividends for INBK?

Future dividends will depend on the Company's results of operations and financial condition, among other factors.