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First Internet Bancorp - INBK STOCK NEWS

Welcome to our dedicated page for First Internet Bancorp news (Ticker: INBK), a resource for investors and traders seeking the latest updates and insights on First Internet Bancorp stock.

First Internet Bancorp (symbol: INBK) operates as the holding company for First Internet Bank of Indiana, delivering a blend of commercial and retail banking products across the United States. Established to cater to modern banking needs, the company offers a wide array of services including savings and money market accounts, non-interest and interest-bearing demand deposits, brokered deposit accounts, and certificates of deposit.

First Internet Bancorp specializes in providing a diverse range of loan products designed to meet individual and business needs. This encompasses commercial and industrial loans, commercial real estate loans (both owner-occupied and investor-owned), construction loans, and residential mortgage loans. Additionally, the bank offers home equity loans, small installment loans, home improvement loans, and various other consumer loans. For businesses, the bank provides single tenant lease financing and has a strong presence in public and healthcare finance.

First Internet Bancorp's commitment extends to offering municipal securities and municipal lending and leasing products to government entities, underlining its role as a versatile financial institution. The bank also provides a suite of corporate services including corporate credit cards and treasury management services.

Known for its innovative approach, First Internet Bancorp operates entirely online, without any physical branches. This digital-first strategy enables it to efficiently serve a nationwide customer base while minimizing overhead costs. The company's operations are structured into a single segment known as the Commercial Banking segment, which consolidates its diverse offerings and streamlines its service delivery.

With a keen focus on customer satisfaction and financial stability, First Internet Bancorp continues to evolve and expand its services, ensuring it meets the ever-changing demands of the financial landscape.

News

First Internet Bancorp Reports First Quarter 2024 Results

Rhea-AI Summary
First Internet Bancorp, the parent company of First Internet Bank, reports strong financial and operational results for the first quarter of 2024. Net income increased by 25.1% to $5.2 million, with diluted earnings per share rising by 22.9% to $0.59. Net interest income and margin also saw significant increases. Loan growth and deposit growth were notable, with a decrease in the loans to deposits ratio. The company remains focused on optimizing its loan portfolio, strengthening its balance sheet, and driving positive momentum in its SBA business.
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First Internet Bancorp to Announce First Quarter 2024 Financial Results on Wednesday, April 24

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First Internet Bancorp (INBK) announces the release of its first quarter 2024 financial results, with a conference call and webcast scheduled for April 25, 2024, to discuss the results.
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First Internet Bancorp to Pay Cash Dividend

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First Internet Bancorp (INBK) announces a quarterly cash dividend of $0.06 per common share, payable on April 15, 2024. The Board of Directors will assess future dividends based on various factors.
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First Internet Bank Continues to Expand Small Business Administration Team

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First Internet Bank appoints Craig Simon as Vice President, Senior Business Development Officer, enhancing its SBA team and solidifying its position as a Top 10 SBA 7(a) lender.
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First Internet Bancorp Reports Fourth Quarter and Full Year 2023 Results

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First Internet Bancorp, the parent company of First Internet Bank, reported strong financial and operational results for the fourth quarter and full year ended December 31, 2023. The company saw a 21.5% increase in net income and a 23.1% increase in diluted earnings per share from the third quarter of 2023. Loan growth increased by 2.8% from the third quarter of 2023. The company also repurchased 40,000 shares at an average price of $18.78 and achieved a tangible book value per share of $41.43, a 4.7% increase from the third quarter of 2023.
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First Internet Bancorp to Announce Fourth Quarter 2023 Financial Results on Wednesday, January 24

Rhea-AI Summary
First Internet Bancorp (INBK) plans to issue its fourth quarter 2023 financial results after the market closes on January 24, 2024. A conference call and webcast to discuss the results will be held on January 25, 2024, at 2:00 p.m., Eastern Time. Access details for the call and webcast are provided, including telephone numbers and webcast links.
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First Internet Bancorp to Pay Cash Dividend; Extends Stock Repurchase Program

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First Internet Bancorp (INBK) declares $0.06 quarterly cash dividend and extends stock repurchase program through December 31, 2024
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First Internet Bancorp Reports Third Quarter 2023 Results

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First Internet Bancorp announces financial results for Q3 2023
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First Internet Bank Adds to Growing Small Business Administration Team

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First Internet Bank has hired Joseph Reynolds as Vice President, Senior Business Development Officer. Reynolds' experience in financial services will strengthen the Bank's Small Business Administration (SBA) team, which is currently ranked in the Top 10 for SBA 7(a) lenders nationwide.
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First Internet Bank “Optimizes” Do More Business Checking

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First Internet Bank adds Balance Optimizer to Do More Business Checking to help business owners earn higher-yield interest.
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FAQ

What is the current stock price of First Internet Bancorp (INBK)?

The current stock price of First Internet Bancorp (INBK) is $32.57 as of January 31, 2025.

What is the market cap of First Internet Bancorp (INBK)?

The market cap of First Internet Bancorp (INBK) is approximately 283.4M.

What services does First Internet Bancorp offer?

First Internet Bancorp offers savings and money market accounts, demand deposits, brokered deposit accounts, certificates of deposit, various types of loans, and treasury management services.

Does First Internet Bancorp have physical branches?

No, First Internet Bancorp operates entirely online without any physical branches, allowing it to serve customers nationwide efficiently.

What types of loans are available at First Internet Bancorp?

The bank provides commercial and industrial loans, commercial real estate loans, construction loans, residential mortgage loans, home equity loans, small installment loans, and more.

Who can benefit from First Internet Bancorp's services?

Individuals, businesses, and government entities across the United States can benefit from the diverse financial products and services offered by First Internet Bancorp.

How does First Internet Bancorp support businesses?

The bank supports businesses through various loans, single tenant lease financing, public and healthcare finance, corporate credit cards, and treasury management services.

What is the main operational segment of First Internet Bancorp?

First Internet Bancorp operates primarily within the Commercial Banking segment, which encompasses all its diverse offerings.

Does First Internet Bancorp provide services to government entities?

Yes, the bank offers municipal securities and municipal lending and leasing products to government entities.

What is unique about First Internet Bancorp's approach?

The bank's digital-first approach, operating entirely online without physical branches, allows it to minimize overhead costs and efficiently serve a nationwide customer base.

Are there any recent achievements for First Internet Bancorp?

While specific recent achievements are not detailed here, First Internet Bancorp consistently evolves and expands its services to meet the dynamic demands of the financial market.

How does one access First Internet Bancorp's services?

Customers can access the bank's services through its online platform, ensuring convenient and efficient financial management from anywhere in the United States.
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First Internet Bancorp

Nasdaq:INBK

INBK Rankings

#3616 Ranked by Market Cap
#1928 Ranked by Dividends

INBK Stock Data

283.35M
7.68M
7.48%
75.96%
0.78%
Banks - Regional
State Commercial Banks
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United States
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