First Internet Bancorp to Issue Quarterly Dividend of $0.06 (NASDAQ:INBK)

First Internet Bancorp (NASDAQ:INBK) declared a quarterly dividend on Monday, September 21st. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.06 per share by the bank on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, October 1st.

First Internet Bancorp has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Internet Bancorp to earn $4.30 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.6%.

First Internet Bancorp Stock Performance

NASDAQ INBK opened at $27.61 on Tuesday. The business’s 50 day moving average is $28.14 and its two-hundred day moving average is $25.19. The stock has a market capitalization of $241.04 million, a price-to-earnings ratio of -7.67 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.95. First Internet Bancorp has a 12-month low of $17.05 and a 12-month high of $31.09.

First Internet Bancorp (NASDAQ:INBK) last issued its earnings results on Thursday, July 30th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The company had revenue of $41.12 million during the quarter, compared to analysts’ expectations of $43.83 million. First Internet Bancorp had a negative net margin of 9.01% and a negative return on equity of 0.55%. First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. Research analysts expect that First Internet Bancorp will post 2.36 EPS for the current year.

First Internet Bancorp Company Profile

First Internet Bancorp is the bank holding company for First Internet Bank, a full-service digital financial institution headquartered in Fishers, Indiana. Founded in 1999, First Internet Bank was established as an internet-based bank and provides banking services through digital channels, supported by offices and lending operations serving customers in Indiana and other markets.

The bank offers commercial and consumer financial products, including checking and savings accounts, money market accounts, certificates of deposit, residential and commercial real estate lending, construction loans, commercial and industrial financing, small business lending, and municipal finance.