---
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"
generated_at: "2026-05-17T06:59:42.421586+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# First Internet Bancorp sells $869M loan portfolio to Blackstone, expects $33.5M impairment charge

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.06, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-25-000083
- JSON: https://secwatch.observer/filing/0001562463-25-000083.json
- Plain text: https://secwatch.observer/filing/0001562463-25-000083.txt

## Key facts
- Restructurings & Charges
  First Internet Bancorp announced a impairment with charges of approximately $33.5 million affecting single-tenant lease financing loans portfolio.
  - Type: impairment
  - Charge: approximately $33.5 million
  - Affected area: single-tenant lease financing loans portfolio
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1562463/000156246325000083/0001562463-25-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.