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 will be paid on July 15, 2024, to shareholders recorded by June 28, 2024. The company's Board of Directors retains the discretion to alter future dividends based on various factors, including operational results, financial health, and capital needs.

Positive

• First Internet Bancorp is distributing a $0.06 per share dividend.
• Dividend payment date is set for July 15, 2024.

Negative

• Future dividends are uncertain and subject to change based on multiple factors.

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, 2024 to shareholders of record at the close of business on June 28, 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 financial holding company with assets of $5.3 billion as of March 31, 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”. 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/20240618898979/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 pay the announced dividend?

The dividend will be paid on July 15, 2024.

What is the dividend amount declared by First Internet Bancorp?

The declared dividend amount is $0.06 per common share.

What is the record date for First Internet Bancorp's dividend?

The record date is June 28, 2024.

Is the dividend amount from First Internet Bancorp fixed for future quarters?

No, future dividends are subject to change based on the Board's discretion and various factors.

What factors will influence First Internet Bancorp's future dividends?

Future dividends will depend on operational results, financial condition, capital requirements, and other relevant factors.