First Internet B Stock Price, News & Analysis

First Internet Bancorp (INBK) has declared a quarterly cash dividend of $0.06 per common share, scheduled for payment on October 17, 2022, to shareholders of record as of September 30, 2022. The Board of Directors will determine future dividends based on various factors, including the company's financial health and operational results.

As of June 30, 2022, First Internet Bancorp reported assets totaling $4.1 billion and operates as a leader in branchless banking solutions.

First Internet Bank announced that Kathryn "Katy" Clayton has been appointed as President of the Board of Directors for the Indiana Chapter of Women in Public Finance (WPF). Clayton, who joined the bank in 2018, is an active WPF Board member since 2020. She expressed excitement about her new leadership role, emphasizing the networking opportunities available through the organization. The bank's Public Finance Team, including Clayton, will attend the national WPF Conference in Scottsdale, Arizona, in September. As of June 30, 2022, First Internet Bank holds assets of $4.1 billion.

First Internet Bank has launched Do More Business™ Checking, designed to assist small business owners in managing their finances more effectively. This checking account offers features such as earning interest, unlimited transactions, and a dedicated support team. Business owners can link their personal and business accounts for better financial control and insights into spending patterns.

The introduction of this account is the first step in the Do More Business platform aimed at providing advanced financial solutions to small businesses, enhancing overall banking experience.

First Internet Bank has appointed Paul DePasquale as Vice President, Senior Business Development Officer for its SBA Lending team. This addition emphasizes the Bank's dedication to assisting small businesses across the country. DePasquale has extensive experience in restaurant and franchise loans and aims to enhance financing options for business owners. The Bank, established in 1999, manages assets of $4.1 billion and offers a wide range of financial services, including SBA financing and commercial loans.

First Internet Bancorp (Nasdaq: INBK) reported second-quarter net income of $9.5 million ($0.99 per diluted share), a decline from $11.2 million in Q1 2022 and $13.1 million in Q2 2021. Adjusted net income stood at $10.3 million with a diluted earnings share of $1.06. Loan growth reached $201.3 million (7.0% increase QoQ). Net interest margin improved to 2.60%. Noninterest income decreased to $4.3 million from $6.8 million in Q1 2022. The firm repurchased 294,464 shares at an average price of $37.77.

First Internet Bancorp (NASDAQ: INBK) will release its Q2 2022 financial results post-market on July 20, 2022. Following this, a conference call and webcast are scheduled for July 21, 2022 at 12:00 p.m. Eastern Time. Investors can access the call via U.S. toll-free number 1-844-200-6205 and international number +1-929-526-1599, using access code 984774. The replay will be available for a month, until August 20, 2022.

As of March 31, 2022, First Internet Bancorp reported assets of $4.2 billion.

First Internet Bank has appointed Nicole Woodson as Vice President and Community Reinvestment Act (CRA) Officer. Woodson will oversee the Bank's CRA plan and collaborate with local organizations to enhance community outreach. Nicole Lorch, the Bank's President, emphasized the importance of meeting community needs as a key part of the Bank's strategic vision. Woodson joins from Regions Bank, bringing prior experience from The National Bank of Indianapolis and the FDIC. First Internet Bank, a pioneer in branchless banking, has $4.2 billion in assets as of March 31, 2022.

First Internet Bancorp (NASDAQ: INBK) has declared a quarterly cash dividend of $0.06 per common share, payable on July 15, 2022, to shareholders of record as of July 1, 2022. The future amount and declaration of dividends depend on various factors including the company's financial condition and operations. As of March 31, 2022, First Internet Bancorp reported assets totaling $4.2 billion. The company provides a range of banking services, including residential and commercial loans, nationally and regionally.

First Internet Bank has raised its minimum hourly wage for full-time employees to $20.00, addressing inflation and aiming to attract talented staff. President Nicole Lorch emphasized the importance of supporting teams amid rising costs of living. The Bank recently implemented a flexible work model to enhance productivity and work-life balance. Recognized as one of The Indianapolis Star’s Top Workplaces for nine consecutive years, First Internet Bank has assets of $4.2 billion as of March 31, 2022, offering various banking services nationally.