First Internet Bancorp board extends stock repurchase program

The Board of Directors of First Internet Bancorp has extended the term of the company’s existing stock repurchase program through December 31, 2024. The Program, which was previously set to expire on December 31, 2023, was announced in December 2022 and authorized the company to acquire up to $25M in shares of its common stock from time to time in the open market or in privately negotiated transactions. The Program does not obligate the company to repurchase shares of its common stock, and there is no assurance that it will do so. Any repurchases are subject to compliance with applicable laws and regulations. Repurchases will be conducted in consideration of general market and economic conditions as well as the financial and regulatory condition of the company and First Internet Bank. The Program may be modified, suspended or discontinued at any time.