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. This dividend will be payable on January 18, 2022 to shareholders of record as of December 31, 2021. Future dividends will depend on the Company's operational results, financial condition, and other relevant factors as assessed by the Board. First Internet Bancorp, a bank holding company with assets of $4.3 billion as of September 30, 2021, specializes in branchless banking services.

Positive

• Declared a quarterly cash dividend of $0.06 per share, enhancing shareholder income.

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 18, 2022 to shareholders of record at the close of business on December 31, 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 $4.3 billion as of September 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, 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/20211221005731/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 is the dividend payment date for INBK?

The dividend will be payable on January 18, 2022.

What is the record date for INBK's dividend?

The record date for the dividend is December 31, 2021.

Are future dividends guaranteed for INBK?

Future dividends will depend on various factors including the Company's financial condition and operational results.