{"schema_version":"secwatch.filing_event.v1","accession":"0001562463-25-000083","form_type":"8-K","ticker":"INBK","cik":"0001562463","company_name":"First Internet Bancorp","filed_at":"2025-09-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.357527+00:00","generated_at":"2026-05-17T06:59:42.421586+00:00","sec_items":["1.01","2.06","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"First Internet Bancorp sells $869M loan portfolio to Blackstone, expects $33.5M impairment charge","bullets":["Agreement to sell up to $869M of performing single-tenant lease financing loans at ~95% of unpaid principal balance.","Estimated after-tax impairment charge of ~$33.5M in Q3 2025; closing expected September 18, 2025.","Proceeds used to move $550M of deposits off-balance sheet, boosting tangible common equity ratio.","Bank retains loan servicing; CEO says transaction will strengthen capital and accelerate ROAA toward 1.00%.","Blackstone (BX) acquiring portfolio; BREDS platform has deployed $38B from Jan 2024 through June 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001562463-25-000083","json":"https://secwatch.observer/filing/0001562463-25-000083.json","markdown":"https://secwatch.observer/filing/0001562463-25-000083.md","text":"https://secwatch.observer/filing/0001562463-25-000083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1562463/000156246325000083/0001562463-25-000083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1562463/000156246325000083/inbk-20250905.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:59:42.421586+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"890dbf9e91474bf57e458ebe2c93e680b4e3cc01","claim":"First Internet Bancorp announced a impairment with charges of approximately $33.5 million affecting single-tenant lease financing loans portfolio.","evidence_excerpt":"First Internet Bancorp (the “Company”) estimates that it will recognize an after-tax charge in the quarter ending September, 30, 2025 of approximately $33.5 million, representing difference between the sale price of the Portfolio and its book value upon transfer to held for sale status and the subsequent Sale.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562463/000156246325000083/0001562463-25-000083-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $33.5 million"},{"label":"Affected area","value":"single-tenant lease financing loans portfolio"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}