- Business
- First Internet Bancorp First Internet Bancorp (Nasdaq: INBK), headquartered in Indianapolis, Indiana, and founded in 1999, operates as the holding company for First Internet Bank, a pioneer in branchless, online-only banking services delivered nationwide across the United States. The company offers a diversified portfolio of deposit products including non-interest-bearing and interest-bearing demand deposits, commercial deposits, savings accounts, money market accounts, certificates of deposit, and Banking-as-a-Service brokered deposits; consumer and small business lending encompassing residential mortgages, home equity loans and lines of credit, small installment loans, and other consumer loans; specialty finance services such as SBA financing, franchise finance, single tenant lease financing, public and municipal finance loans and leases, and healthcare finance; as well as commercial real estate loans, construction loans, commercial and industrial loans, corporate credit cards, and treasury management services primarily on a regional basis. First Internet Bank targets individual consumers, small and mid-size businesses, municipalities, and commercial clients through its scalable digital platform at www.firstib.com, emphasizing competitive rates, low fees, real-time transaction processing, and tools like Do More Business Checking with cash flow analysis and balance optimization. In September 2025, First Internet Bancorp agreed to sell nearly $1 billion in single tenant lease financing loans to Blackstone Real Estate Debt Strategies, a strategic move to strengthen its capital position, enhance net interest margin, reduce exposure to fixed-rate lower-coupon assets, and position the balance sheet for future growth opportunities amid ongoing optimization of its earning asset base. With assets of approximately $6.1 billion as of June 30, 2025, the company continues to innovate in online banking while focusing on dynamic growth in consumer, small business, and commercial segments.