Every 8-K that First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow INBKZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INBKZ filings page.
First Internet Bancorp (INBK) completed a private placement of $20.5 million aggregate principal amount of 8.0% fixed‑to‑floating rate subordinated notes due September 15, 2036. The notes were sold at 100% of face value to institutional accredited investors and qualified institutional buyers.
The notes bear a fixed interest rate of 8.0% per year from September 10, 2026 to September 15, 2031, then reset quarterly to three‑month term SOFR plus 3.735%. They are redeemable at the company’s option on or after September 15, 2031, and are intended to qualify as Tier 2 capital. The company plans to use net proceeds for general corporate purposes, including potential redemption or retirement of higher‑rate existing indebtedness.
First Internet Bancorp reported a sharp rebound in profitability for the quarter ended June 30, 2026. Net income was $2.4 million and diluted EPS $0.27, both up significantly from a year earlier. Total revenue rose 23% year-over-year to $41.1 million, supported by a 16% increase in net interest income to $32.4 million and a 56% rise in noninterest income to $8.7 million. Fully-taxable equivalent net interest margin expanded 43 basis points to 2.47%, and pre-provision net revenue grew 28% to $15.0 million.
Total loans reached $3.8 billion, up 1% from the prior quarter, while total deposits were $4.8 billion, down 3% as higher-cost CDs and brokered deposits matured and approximately $2.4 billion of fintech deposits moved off-balance sheet. The cost of interest-bearing deposits declined 54 basis points year-over-year to 3.38%, and the loans-to-deposits ratio was 79%. Credit metrics showed mixed signals: provision for credit losses was $13.4 million, down 18% from the prior quarter, and nonperforming loans fell slightly to 1.58% of total loans, while net charge-offs increased to 1.77% of average loans. Tangible common equity to tangible assets was 6.46%, CET1 capital 8.90% and total capital 12.22%, with tangible book value per share edging up to $41.09.
Management highlighted strong growth in fee-based businesses, particularly Banking-as-a-Service, where fee revenue from fintech partners increased markedly. For full-year 2026, the company projects diluted EPS of $2.35–$2.45, loan growth of 4–6%, FTE net interest margin rising to 2.75–2.80% by the fourth quarter, FTE net interest income of $141–$142 million, noninterest income of $40.5–$41 million, noninterest expense of $106–$107 million, and credit loss provision of $47–$48 million, with continual improvement expected in the second half of 2026.
First Internet Bancorp declared a quarterly cash dividend of $0.06 per common share. The dividend will be paid on July 15, 2026 to shareholders of record at the close of business on June 30, 2026.
The company notes that any future dividends will be at the Board’s sole discretion, based on results of operations, financial condition, capital needs, regulatory factors and overall strategy. First Internet Bancorp is a bank holding company with $5.7 billion in assets as of March 31, 2026, operating nationally through its branchless First Internet Bank platform.
First Internet Bancorp reported the results of its annual shareholder meeting held on May 18, 2026. Shareholders elected eight directors to one-year terms, with each nominee receiving more votes “for” than “withheld,” and 1,020,891 broker non-votes recorded for each director election.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers, with 5,137,601 votes for, 1,085,864 against, 31,234 abstentions and 1,020,891 broker non-votes. In addition, shareholders ratified the appointment of Forvis Mazars, LLP as independent registered public accounting firm for 2026, receiving 6,977,587 votes for, 229,221 against and 68,782 abstentions.
First Internet Bancorp reported much stronger results for the first quarter of 2026, with net income of $2.5 million, up 166% from a year ago, and diluted EPS of $0.29, up 164%. Total revenue rose 21% year-over-year to $43.1 million, driven by a 26% increase in net interest income to $31.6 million and a 10% rise in noninterest income to $11.5 million.
The bank’s net interest margin expanded to 2.36% (2.45% on a fully taxable-equivalent basis), 54 basis points higher than a year earlier, as higher loan yields and lower deposit costs improved spread. Pre-provision net revenue grew 51% to $18.1 million, showing stronger core earnings before credit costs.
Credit costs remained elevated, with a $16.3 million provision for credit losses and net charge-offs equal to 1.65% of average loans. Nonperforming loans rose to 1.63% of total loans, though ratios improve when fully guaranteed balances are excluded. Loans totaled $3.8 billion and deposits $5.0 billion, while tangible book value per share held at $40.87. Management is broadly maintaining its 2026 guidance but signaled that its 15–17% loan growth target may be ambitious given higher-than-expected payoffs and macro uncertainty.
First Internet Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per common share. The dividend will be paid on April 15, 2026 to shareholders of record as of the close of business on March 31, 2026.
The company notes that any future dividends will be at the Board’s sole discretion and will depend on factors such as earnings, capital needs, regulatory limits, and overall financial condition. First Internet Bancorp reported $5.6 billion in assets as of December 31, 2025.
First Internet Bancorp furnished an update on its latest performance by issuing a press release with financial results for the quarter and year ended December 31, 2025. The company is also hosting a conference call and webcast on January 29, 2026, at 5:00 p.m. Eastern Time to discuss these results.
The press release is provided as Exhibit 99.1 and the accompanying electronic presentation slides as Exhibit 99.2. These materials are furnished, not filed, under securities law, meaning they are not automatically subject to certain liability provisions or incorporated into other regulatory documents unless specifically referenced.
First Internet Bancorp disclosed that its bank subsidiary entered into an agreement with Blackstone Real Estate Debt Strategies affiliates to sell a performing single-tenant lease financing loan portfolio. The Agreement allowed sale of up to $869 million aggregate principal balance; following satisfaction of closing conditions the Bank completed a Sale of $836.9 million aggregate principal balance for net proceeds, after transaction costs, of $794.2 million.
The filing states $27.9 million of the Portfolio remains under review and may be sold later under the Agreement. The Company also entered into a servicing agreement under which it will continue to provide loan servicing and other administrative services for the loans sold. The summary in the filing is qualified by reference to the full Agreement, filed as an exhibit.