Dimensional Fund Advisors LP has filed an amended Schedule 13G reporting beneficial ownership of 431,583 shares of First Internet Bancorp common stock, representing 5.0% of the class as of the date of the event on 12/31/2025. Dimensional reports sole voting power over 421,984 shares and sole dispositive power over 431,583 shares, with no shared voting or dispositive power.
The filing explains that all of these shares are actually owned by various funds and accounts (the “Funds”) for which Dimensional or its subsidiaries act as investment adviser or manager, and Dimensional disclaims beneficial ownership of the securities beyond what is required for Section 13(d) reporting. Dimensional also certifies that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of First Internet Bancorp.
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.