First Internet Bancorp to Pay Cash Dividend

Rhea-AI Summary

First Internet Bancorp (NASDAQ: INBK) has declared a quarterly cash dividend of $0.06 per common share, payable on July 15, 2022, to shareholders of record as of July 1, 2022. The future amount and declaration of dividends depend on various factors including the company's financial condition and operations. As of March 31, 2022, First Internet Bancorp reported assets totaling $4.2 billion. The company provides a range of banking services, including residential and commercial loans, nationally and regionally.

Positive

• Quarterly cash dividend declared at $0.06 per share.
• Assets reported at $4.2 billion as of March 31, 2022.
• Diverse range of banking services offered, strengthening business model.

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 July 15, 2022 to shareholders of record at the close of business on July 1, 2022.

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, 2022. 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, SBA financing, residential mortgage loans, 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 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/20220621005835/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 INBK?

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

When will the dividend be paid to shareholders of INBK?

The dividend will be payable on July 15, 2022.

What are the conditions for future dividends at INBK?

Future dividends will depend on the company's financial condition, operations, and other relevant factors.

What are the total assets of First Internet Bancorp?

First Internet Bancorp reported assets of $4.2 billion as of March 31, 2022.