KBRA Assigns BBB- Rating to First Internet Bancorp Subordinated Notes
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
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US:NASDAQ Investor Relations:
firstinternetbancorp.com/tearsheet.aspx?iid=4112285
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) assigns a subordinated debt rating of BBB- to the Subordinated Notes to be issued by First Internet Bancorp (NASDAQ: INBK, “the Company”), a bank holding Company headquartered in Fishers, Indiana. The Company intends to downstream most of the proceeds to the lead subsidiary, First Internet Bank of Indiana, as well as reinvest a portion in higher yielding securities. KBRA most recently affirmed the Company’s senior unsecured and subordinated debt ratings of BBB and BBB-, respectively, on September 19, 2018, with a Negative Outlook. First Internet Bancorp’s ratings are underpinned by its history of solid asset quality, as well as a scalable business model that supports adaptability to new business lines. The ratings also reflect INBK’s experienced management team, with long tenure within the banking and fintech sectors. The ratings are constrained
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INBK
Earnings
- 1/24/24 - Beat
INBK
Sec Filings
- 3/18/24 - Form 8-K
- 3/13/24 - Form 10-K
- 2/14/24 - Form 4
- INBK's page on the SEC website