First Internet Bancorp (INBK) Declares $0.06 Quarterly Cash Dividend for Shareholders

First Internet Bancorp Declares Quarterly Cash Dividend, Demonstrating Shareholder Value Commitment

First Internet Bancorp, a bank holding company with assets of $5.8 billion as of September 30, 2024, announces a quarterly cash dividend of $0.06 per common share, scheduled for payment on January 15, 2025. This dividend is payable to shareholders recorded as of the close of business on December 31, 2024. The decision to declare a dividend reflects the company's ongoing commitment to providing value to its shareholders while maintaining a focus on prudent financial management. Although the current dividend indicates a proactive approach to shareholder returns, the Board of Directors retains the discretion to adjust future dividend declarations based on several critical factors.

The Board's considerations for future dividends encompass the company's operational results, financial health, capital requirements, regulatory constraints, and overarching business strategy. This careful deliberation ensures that the bank not only meets shareholder expectations but also aligns with its long-term growth objectives and risk management practices. By prioritizing financial stability alongside shareholder returns, First Internet Bancorp aims to enhance its reputation and foster investor confidence in a competitive banking landscape.

First Internet Bancorp operates through its subsidiary, First Internet Bank, which has established itself as a trailblazer in the branchless delivery of banking services since its inception in 1999. The bank offers a diverse portfolio of financial products, catering to both consumers and small businesses. Its services range from consumer and small business deposits to specialized financing options such as SBA loans, franchise finance, and commercial real estate loans. The comprehensive service offering reflects the bank's commitment to meeting the evolving needs of its clients while maintaining a strong position in the digital banking space.

In addition to the dividend announcement, First Internet Bancorp continues to be listed on the Nasdaq Global Select Market under the ticker symbol "INBK" and is included in the Russell 2000® Index. This listing underscores the bank's operational transparency and market credibility. Shareholders and potential clients can find more information on the company’s performance and offerings through its official website.