First Internet Bancorp (INBK) To Go Ex-Dividend on October 1st

First Internet Bancorp (NASDAQ:INBK) declared a quarterly dividend on Monday, September 21st. Investors 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 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 Down 0.3%

First Internet Bancorp stock opened at $27.53 on Wednesday. The stock has a market cap of $240.34 million, a P/E ratio of -7.65 and a beta of 0.83. 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 has a twelve month low of $17.05 and a twelve month high of $31.09. The company’s 50-day moving average price is $28.16 and its two-hundred day moving average price is $25.24.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts expect that First Internet Bancorp will post 2.36 EPS for the current year.

About First Internet Bancorp

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.