First Internet Bancorp to Pay Cash Dividend

Rhea-AI Summary

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.

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 15, 2024 to shareholders of record at the close of business on March 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 $5.2 billion as of December 31, 2023. 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/20240318982846/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

What is the latest dividend declared by First Internet Bancorp (INBK)?

First Internet Bancorp (INBK) has declared a quarterly cash dividend of $0.06 per common share.

When will the dividend be payable to shareholders of First Internet Bancorp (INBK)?

The dividend will be payable on April 15, 2024, to shareholders of record at the close of business on March 28, 2024.

What factors will determine the future cash dividends of First Internet Bancorp (INBK)?

The future cash dividends of First Internet Bancorp (INBK) will be subject to the discretion of the Board of Directors and will depend on factors such as results of operations, financial condition, capital requirements, regulatory and contractual restrictions, and business strategy.