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First Internet Bancorp Secures $20.5 Million from Subordinated Note Offering

PUBLIC · INBKSep 10, 2026•1 day ago

Amount Raised

$20.5 Million

Round Type

Debt Financing

Financial Services

Investors

Qualified Institutional BuyersInstitutional Accredited Investors

Description

On September 10, 2026, First Internet Bancorp entered into a Subordinated Note Purchase Agreement with institutional investors. The Company issued $20.5 million in 8.0% Fixed-to-Floating Rate Subordinated Notes due 2036. This funding will strengthen their financial position and support ongoing operations.

Company Information

Company

First Internet Bancorp

About

First Internet Bancorp is a bank holding company with assets of $4.3 billion as of September 30, 2021. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. The Bank provides consumer and small business deposit, SBA financing, residential mortgage loans, consumer loans, and specialty finance services nationally as well as commercial real estate loans, construction loans, commercial and industrial loans, and treasury management services on a regional basis. First Internet Bancorp’s common stock trades on the Nasdaq Global Select Market under the symbol “INBK” and is a component of the Russell 2000® Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.com.

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