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

First Internet Bancorp (NASDAQ:INBK – Get Free Report) 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) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, October 1st.

First Internet Bancorp has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Research 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%.

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First Internet Bancorp Stock Down 0.6%

First Internet Bancorp stock opened at $27.61 on Tuesday. The firm has a market cap of $241.04 million, a price-to-earnings ratio of -7.67 and a beta of 0.83. First Internet Bancorp has a 52 week low of $17.05 and a 52 week high of $31.09. The business’s 50-day moving average price is $28.14 and its 200 day moving average price is $25.19. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.95.

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

About First Internet Bancorp

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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.

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