First Internet Bancorp Completes Private Placement of $60 Million of 3.75% Fixed-to-Floating Rate Subordinated Notes
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
Check Earnings Report
US:NASDAQ Investor Relations:
firstinternetbancorp.com/tearsheet.aspx?iid=4112285
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”), announced today the completion of a private placement of $60.0 million in aggregate principal amount of 3.75% fixed-to-floating rate subordinated notes due 2031 (the “Notes”). The Notes will bear interest at a fixed rate of 3.75% per annum from August 16, 2021 to September 1, 2026, with interest during this period payable semi-annually in arrears. From September 1, 2026 to the stated maturity date or early redemption date, the interest rate will be reset quarterly to an annual floating rate equal to the then current three-month term Secured Overnight Financing Rate (SOFR) plus 311 basis points, with interest during this period payable quarterly in arrears. The Notes are redeemable by the Company, in whole or in part, on or after September 1, 2026, and at any time upon the occurrence of certain events. The Notes have been structured to quali
Show less
Read more
Impact Snapshot
Event Time:
INBK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
INBK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
INBK alerts
High impacting First Internet Bancorp news events
Weekly update
A roundup of the hottest topics
INBK
News
- How Much Can You Earn by Depositing $10,000 Into a CD? [CNET News]CNET News
- Best CD Rates Today -- Don't Sleep on APYs as High as 5.35%, April 25, 2024 [CNET News]CNET News
- First Internet Bancorp Reports First Quarter 2024 ResultsBusiness Wire
- Best CD Rates Today -- Act Now to Secure an APY as High as 5.35%, April 24, 2024 [CNET News]CNET News
- Best CD Rates Today -- Don't Wait to Snag APYs Up to 5.35%, April 23, 2024 [CNET News]CNET News
INBK
Earnings
- 4/24/24 - Beat
INBK
Sec Filings
- 4/24/24 - Form 8-K
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- INBK's page on the SEC website