First Internet Bancorp Files 8-K on Asset Acquisition/Disposition

TL;DR

First Internet Bancorp filed an 8-K on 9/22 for an asset deal on 9/18.

AI Summary

First Internet Bancorp filed an 8-K on September 22, 2025, reporting on the completion of an acquisition or disposition of assets as of September 18, 2025. The filing also includes financial statements and exhibits related to this event. The company is incorporated in Indiana and its principal executive offices are located in Fishers, Indiana.

Why It Matters

This filing indicates a significant corporate event involving the acquisition or disposition of assets, which could impact the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — Filings related to acquisitions or dispositions of assets can signal significant strategic shifts or financial events that may carry inherent risks.

Key Players & Entities

• First Internet Bancorp (company) — Registrant
• Indiana (location) — State of Incorporation
• Fishers, Indiana (location) — Principal Executive Offices
• September 18, 2025 (date) — Date of earliest event reported
• September 22, 2025 (date) — Date of report

FAQ

Key Financial Figures

• $869 million — to which the Bank agreed to sell up to $869 million aggregate principal balance of performi
• $836.9 million — reement, the Bank completed the sale of $836.9 million aggregate principal balance of the Port
• $794.2 million — t proceeds, after transaction costs, of $794.2 million. $27.9 million of the Portfolio remains
• $27.9 million — r transaction costs, of $794.2 million. $27.9 million of the Portfolio remains subject to fur

Filing Documents

• inbk-20250918.htm (8-K) — 32KB
• 0001562463-25-000095.txt ( ) — 184KB
• inbk-20250918.xsd (EX-101.SCH) — 3KB
• inbk-20250918_def.xml (EX-101.DEF) — 15KB
• inbk-20250918_lab.xml (EX-101.LAB) — 27KB
• inbk-20250918_pre.xml (EX-101.PRE) — 16KB
• inbk-20250918_htm.xml (XML) — 4KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. As previously disclosed, on September 5, 2025, First Internet Bancorp's wholly-owned subsidiary, First Internet Bank of Indiana (the "Bank") entered into a Loan Portfolio Purchase Agreement (the "Agreement") with entities affiliated with Blackstone Real Estate Debt Strategies (collectively, the "Purchasers"), pursuant to which the Bank agreed to sell up to $869 million aggregate principal balance of performing single-tenant lease financing loans (the "Portfolio"). Following the satisfaction of the closing conditions of the Agreement, the Bank completed the sale of $836.9 million aggregate principal balance of the Portfolio (the "Sale") on September 18, 2025 for net proceeds, after transaction costs, of $794.2 million. $27.9 million of the Portfolio remains subject to further review and may be sold to the Purchasers at a later date pursuant to the Agreement. In connection with the Sale, the Company entered into a servicing agreement with the Purchasers, pursuant to which the Company will continue to provide loan servicing and other administrative services with respect to the mortgage loans sold to the Purchasers. The foregoing description of the Sale and the Agreement does not purport to be complete and is qualified by reference to the full text of the Agreement, which was filed as Exhibit 10.1 to the Bank's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on September 10, 2025 and is incorporated by reference into this Item 2.01.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits Number Description Method of filing 10.1 Loan Portfolio Purchase Agreement, dated September 5, 2025 (incorporated by reference to Exhibit 10.1 to First Internet Bancorp's Current Report on Form 8-K, filed with the SEC on September 10, 2025, file no. 001-35750). Filed electronically 104 Cover Page Interactive Data File (embedded in the cover page formatted in inline XBRL) * Certain exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted exhibit will be furnished supplementally to the Commission upon request. Additionally, certain information that would constitute an unwarranted invasion of personal privacy has been redacted pursuant to Item 601(a)(6) of Regulation S-K.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 22, 2025 FIRST INTERNET BANCORP By: /s/ Kenneth J. Lovik Kenneth J. Lovik, Executive Vice President & Chief Financial Officer

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View this 8-K filing on SEC EDGAR