First Internet Bancorp to Pay Cash Dividend

Rhea-AI Summary

First Internet Bancorp (Nasdaq: INBK) has announced a quarterly cash dividend of $0.06 per common share. The dividend is set to be paid on October 15, 2024, to shareholders of record as of September 30, 2024. This decision was made by the company's Board of Directors, who retain sole discretion over future dividend declarations. The Board will consider various factors when determining future dividends, including financial performance, capital requirements, and regulatory restrictions.

Positive

• Declared a quarterly cash dividend of $0.06 per common share
• Demonstrates commitment to returning value to shareholders

Negative

• None.

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, 2024 to shareholders of record at the close of business on September 30, 2024.

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 $5.3 billion as of June 30, 2024. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. First Internet Bank provides consumer and small business deposit, SBA financing, franchise finance, consumer loans, and specialty finance services nationally as well as commercial real estate loans, construction loans, commercial and industrial loans, and treasury management services on a regional basis. 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 First Internet Bank, including its products and services, is available at www.firstib.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240917250212/en/

Investors/Analysts

Paula Deemer

Director of Corporate Administration

(317) 428-4628

investors@firstib.com

Media

BLASTmedia for First Internet Bank

Zach Weismiller

firstib@blastmedia.com

Source: First Internet Bancorp

FAQ

When will First Internet Bancorp (INBK) pay its next dividend?

First Internet Bancorp (INBK) will pay its next quarterly cash dividend of $0.06 per common share on October 15, 2024.

What is the record date for First Internet Bancorp's (INBK) upcoming dividend?

The record date for First Internet Bancorp's (INBK) upcoming dividend is September 30, 2024. Shareholders of record at the close of business on this date will be eligible to receive the dividend.

How much is First Internet Bancorp's (INBK) quarterly dividend?

First Internet Bancorp (INBK) has declared a quarterly cash dividend of $0.06 per common share.

Are future dividends guaranteed for First Internet Bancorp (INBK) shareholders?

No, future dividends are not guaranteed. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend on various factors, including financial performance and capital requirements.