secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2026-09-10T20:19:07+00:00
Accession:  0001562463-26-000092
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Internet Bancorp issues $20.5M subordinated notes at 8% fixed-to-floating, due 2036
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- Sold $20.5M aggregate principal of 8.0% Fixed-to-Floating Subordinated Notes due Sept 15, 2036.
- Fixed 8.0% through Sept 15, 2031; then quarterly reset at 3-month SOFR + 373.5 bps.
- Notes redeemable on/after Sept 15, 2031; structured to qualify as Tier 2 capital.
- Proceeds for general corporate purposes, including redemption of higher-rate existing debt.
- Piper Sandler & Co. acted as placement agent; notes unregistered private placement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246326000092/0001562463-26-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246326000092/inbk-20260910.htm
  HTML page:      https://secwatch.observer/filing/0001562463-26-000092

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