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The Board of Directors of First Internet Bancorp (NASDAQ: INBK) has declared a quarterly cash dividend of $0.06 per common share. This dividend will be payable on January 17, 2023 to shareholders of record as of December 30, 2022. Future cash dividends will depend on various factors including the Company’s financial condition and operational results. As of September 30, 2022, First Internet Bancorp has assets totaling $4.3 billion.
Positive
Quarterly cash dividend declared at $0.06 per share, effective January 17, 2023.
The Company has substantial assets of $4.3 billion as of September 30, 2022.
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 January 17, 2023 to shareholders of record at the close of business on December 30, 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 financial holding company with assets of $4.3 billion as of September 30, 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 First Internet Bank provides consumer and small business deposit, SBA financing, franchise finance, 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 First Internet Bank, including its products and services, is available at www.firstib.com.
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?
First Internet Bancorp has declared a quarterly cash dividend of $0.06 per common share.
When will First Internet Bancorp's dividend be payable?
The dividend will be payable on January 17, 2023, to shareholders on record as of December 30, 2022.
What factors influence future dividends for First Internet Bancorp?
Future dividends will depend on the Company’s operational results, financial condition, and other relevant factors as determined by the Board of Directors.
How much are the current assets of First Internet Bancorp?
As of September 30, 2022, First Internet Bancorp has total assets of $4.3 billion.