First Internet Bancorp Agrees to Sell Nearly $1 Billion of Single Tenant Lease Financing Loans to Blackstone [Yahoo! Finance]
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
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firstinternetbancorp.com/tearsheet.aspx?iid=4112285
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Source: Yahoo! Finance
Bancorp (the "Company") (Nasdaq: INBK), the parent company of First Internet Bank (the "Bank"), and Blackstone (NYSE: BX) jointly announced today that the Bank has entered into an agreement to sell up to $869 million of performing single tenant lease financing loans to vehicles affiliated with Blackstone Real Estate Debt Strategies ("BREDS"). The Bank will retain customer-facing servicing responsibilities for all loans sold as part of this transaction. "This proposed transaction is a decisive step that advances key strategic priorities, including strengthening our capital position, accelerating operating performance towards our near-term target of 1.00% return on average assets, and significantly enhancing net interest margin," said David Becker, CEO and Chairman of First Internet Bancorp. "Reducing our exposure to fixed rate, lower-coupon loans is a meaningful component towards further optimizing our earning asset base, providing balance sheet flexibility and a resilient earnings p
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News
- First Internet Bancorp (NASDAQ:INBK) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- First Internet Bancorp (NASDAQ:INBK) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- First Internet Bancorp (NASDAQ:INBK) had its price target lowered by analysts at Piper Sandler from $25.50 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
- Why I (Finally) Bought First Internet Bancorp [Seeking Alpha]Seeking Alpha
- First Internet Bancorp (NASDAQ:INBK) had its price target lowered by analysts at Keefe, Bruyette & Woods from $27.00 to $25.00. They now have a "market perform" rating on the stock.MarketBeat
INBK
Earnings
- 10/22/25 - Miss
INBK
Sec Filings
- 11/18/25 - Form 4
- 11/10/25 - Form 10-Q
- 11/3/25 - Form 4
- INBK's page on the SEC website