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FISHERS, Ind. - First Internet Bancorp (NASDAQ:INBK) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.06 per common share, maintaining its 14-year streak of consistent dividend payments. The dividend, yielding 0.99% annually, will be paid on October 15, 2025, to shareholders of record as of September 30, 2025.
The company, which operates as a bank holding company with assets of $6.1 billion as of June 30, 2025, noted that future dividend declarations and amounts will depend on various factors including financial performance, capital requirements, and regulatory restrictions. With a market capitalization of $207.55 million and a P/E ratio of 13.47, InvestingPro analysis suggests the stock is currently trading below its Fair Value.
First Internet Bancorp’s subsidiary, First Internet Bank, was established in 1999 as an early adopter of branchless banking services. The bank provides consumer and small business deposit services, SBA financing, franchise finance, consumer loans, and specialty finance services nationwide. It also offers commercial real estate loans, construction loans, commercial and industrial loans, and treasury management services regionally.
The company’s common stock trades on the Nasdaq Global Select Market and is included in the Russell 2000 Index.
This information is based on a press release statement from First Internet Bancorp.
In other recent news, First Internet Bancorp reported disappointing financial results for the second quarter of 2025. The company’s earnings per share were significantly below expectations at $0.02, compared to the forecasted $0.29. Revenue also fell short, coming in at $33.6 million against the projected $35.99 million. These results have been a point of concern for investors. Despite the earnings miss, Keefe, Bruyette & Woods (KBW) has reiterated its Market Perform rating on the company. KBW highlighted the benefits of First Internet Bancorp’s balance sheet restructuring, noting improvements such as a more neutral rate position and a stronger capital base. The restructuring has also resulted in a lower loan-deposit ratio and a significant reduction in the commercial real estate concentration ratio. These developments are seen as positive steps for the bank’s financial health.
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