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Stock impact report

First Internet Bancorp Announces Pricing of Common Stock Offering

First Internet Bancorp (INBK) 
Last first internet bancorp earnings: 4/22 04:52 pm Check Earnings Report
Company Research Source: Business Wire
FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the "Bank") (www.firstib.com), announced today the pricing of an underwritten public offering of 1,505,000 shares of the Company's common stock at a public offering price of $33.25 per share for gross proceeds of approximately $50.0 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 225,750 shares of its common stock. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $47.2 million (or approximately $54.3 million if the underwriters exercise their over-allotment option in full). The Company expects to use the net proceeds generated by this offering for general corporate purposes, which may include providing capital to support the Company’ Show less Read more
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