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, scheduled for payment on April 18, 2022, to shareholders of record by March 31, 2022. The future dividends will depend on the Board of Directors' discretion, influenced by the company's operational results, financial condition, capital requirements, and other relevant factors. As of December 31, 2021, First Internet Bancorp had assets totaling $4.2 billion.

Positive

• Declared quarterly cash dividend of $0.06 per common share.
• Strong asset base of $4.2 billion as of December 31, 2021.

Negative

• Future dividends are not guaranteed and depend on various factors, which introduces uncertainty for shareholders.

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 April 18, 2022 to shareholders of record at the close of business on March 31, 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 December 31, 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/20220321005606/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 for First Internet Bancorp (INBK)?

The declared dividend amount is $0.06 per common share.

When will the dividend be paid for INBK?

The dividend will be payable on April 18, 2022.

What is the record date for the INBK dividend?

The record date for the dividend is March 31, 2022.

What factors influence future dividends for First Internet Bancorp (INBK)?

Future dividends depend on the company's results, financial condition, capital requirements, and other relevant factors.