First Internet Bancorp to Pay Cash Dividend

Rhea-AI Summary

The Board of Directors of First Internet Bancorp (Nasdaq: INBK) has announced a quarterly cash dividend of $0.06 per common share, scheduled for payment on July 15, 2021, to shareholders on record as of July 1, 2021. Future dividends will be determined at the Board's discretion, based on various factors including the company’s operational results, financial health, and regulatory conditions. As of March 31, 2021, First Internet Bancorp holds assets worth $4.2 billion and operates primarily in branchless banking.

Positive

• Declared a quarterly cash dividend of $0.06 per share.
• Financial strength indicated by $4.2 billion in assets.

Negative

• None.

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 July 15, 2021 to shareholders of record at the close of business on July 1, 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 March 31, 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/20210621005772/en/

FAQ

What is the dividend amount declared by INBK?

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

When will the dividend be paid to shareholders?

The dividend will be paid on July 15, 2021.

What are the record dates for the INBK dividend?

Shareholders on record as of July 1, 2021, will receive the dividend.

What factors affect the future dividends of INBK?

Future dividends will depend on operational results, financial condition, capital requirements, and regulatory restrictions.

What is the current asset value of First Internet Bancorp?

As of March 31, 2021, First Internet Bancorp has assets of $4.2 billion.