other_material
confidence high
sentiment neutral
materiality 0.75
First Internet Bancorp completes $836.9M loan portfolio sale to Blackstone affiliates
First Internet Bancorp
- Sold $836.9M principal balance of single-tenant lease financing loans; net proceeds $794.2M after costs.
- Remaining $27.9M of portfolio may be sold later subject to further review under the agreement.
- Company entered into a servicing agreement to continue administering the sold loans for the purchasers.
- Sale closed on September 18, 2025, as previously announced on September 5, 2025.
item 2.01item 9.01