By Business Wire, September 26, 2013, 08:00:00 AM EDT
The Board of Directors of First Internet Bancorp (NASDAQ:INBK) has
declared a cash dividend for the third quarter of 2013 of $0.06 per
common share. The dividend is payable on October 15, 2013 to
shareholders of record at the close of business on October 7, 2013.
The dividend is consistent with the prior quarter. The Bancorp paid its
first-ever quarterly dividend of $0.06 in the first quarter 2013. The
second quarter dividend was also $0.06; however, giving effect to the
June 21, 2013 three-for-two split of the Company's common stock, the
second and third quarter dividends represented a 50% increase from the
dividend paid for the first quarter.
Future declarations of dividends are subject to approval of the Board of
Directors and will depend on the Company's results of operations,
financial condition and other factors considered relevant by the board.
About First Internet Bancorp
First Internet Bancorp (NASDAQ:INBK) is the parent company of First
Internet Bank of Indiana (www.firstib.com),
a premier provider of online retail and business banking services
nationwide. First Internet Bank opened for business in 1999. The Bancorp
became the parent of the Bank effective March 21, 2006.
About First Internet Bank of Indiana
First Internet Bank of Indiana is the first state-chartered,
FDIC-insured institution to operate solely via the Internet and has
customers in all 50 states. Deposit services include checking accounts,
regular and money market savings accounts, CDs and IRAs. First Internet
Bank also offers consumer loans, conforming mortgages, jumbo mortgages,
home equity loans and lines of credit, and commercial loans. Earlier
this year, First Internet Bank was named one of the Best Places to Work
in Indiana by the Indiana Chamber of Commerce. The bank is a wholly
owned subsidiary of First Internet Bancorp.
Safe Harbor Statement
This press release may contain forward-looking statements with
respect to the financial condition, results of operations, plans,
objectives, future performance or business of the Company.
Forward-looking statements are generally identifiable by the use of
words such as "believe," "expect," "anticipate," "plan," "intend,"
"estimate," "may," "will," "would," "could," "should" or other similar
expressions. Forward-looking statements are not a guarantee of future
performance or results, are based on information available at the time
the statements are made and involve known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from the information in the forward-looking
statements. Factors that may cause such differences include: risks
associated with the regulation of financial institutions and holding
companies, including capital requirements and the costs of regulatory
compliance; failures or interruptions in communications and information
systems; general economic conditions and conditions in the lending
markets; competition; the plans to grow commercial lending; the loss of
key members of management and other matters discussed in the press
release. All statements in this press release, including forward-looking
statements, speak only as of the date they are made, and the Company
undertakes no obligation to update any statement in light of new
information or future events.
Source: First Internet Bancorp