-

First Internet Bank Named 2024 Online Lender of the Year by Coleman Report

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank announced today that it has been named the 2024 Online Lender of the Year by Coleman Report, a leading publication in the small business lending industry. The publication’s annual awards celebrate financial institutions and individuals who demonstrate exceptional performance in Small Business Administration (SBA) lending.

The Online Lender of the Year award acknowledges First Internet Bank's success in combining outstanding customer service with technology. This enables the Bank to deliver flexible financing options and a streamlined SBA loan process to small businesses nationwide.

“First Internet Bank is committed to helping business owners secure the capital they need to grow,” said Nicole Lorch, President and Chief Operating Officer of First Internet Bank. “I am incredibly proud of our SBA team, whose dedication has established us as a top ten 7(a) lender in a short period of time.”

Coleman Report also named First Internet Bank’s Jared Johnson and Ben Woodward as 2024 SBA Business Development Officers (BDOs) of the Year, recognizing their outstanding contributions to small business lending.

The First Internet Bank SBA team has experienced remarkable growth since 2018, ranking nationally in loan volume and amount financed. First Internet Bank increased its total funded 7(a) production to $610 million — a 44% increase year over year. The bank also expanded its SBA operations team by 31%, enhancing its ability to deliver the customer service and expertise clients need when securing funding for their small business needs. To learn more about First Internet Bank visit firstib.com.

About First Internet Bank

First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $5.7 billion as of December 31, 2024, the Bank provides consumer and small business deposits, consumer loans and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.

Contacts

Investor Relations:
Paula Deemer
Director of Corporate Administration
(317) 428-4628
investors@firstib.com

Media:
PANBlast for First Internet Bank
Zach Weismiller
firstib@panblastpr.com

Industry:

First Internet Bank

NASDAQ:INBK
Details
Headquarters: Fishers, IN
CEO: David Becker
Employees: 317
Organization: PUB
Revenues: $118,350,000 (2022)
Net Income: $35,541,000 (2022)
Release Versions
English

Contacts

Investor Relations:
Paula Deemer
Director of Corporate Administration
(317) 428-4628
investors@firstib.com

Media:
PANBlast for First Internet Bank
Zach Weismiller
firstib@panblastpr.com

More News From First Internet Bank

First Internet Bank Report Finds U.S. Consumers Take Charge of Finances; However, They Seek Easier Answers

FISHERS, Ind.--(BUSINESS WIRE)--U.S. consumers are putting in the work to strengthen their finances and are looking for easier ways to understand what their money is telling them, according to the latest Do More Business™ Report from First Internet Bank. According to the nationally representative survey of 1,000 U.S. adults, nearly half of consumers (46%) followed a budget in the past six months, 36% reduced debt and 31% built emergency savings. When asked what would help them feel more financi...

First Internet Bancorp to Pay Cash Dividend

FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on October 15, 2026 to shareholders of record at the close of business on October 1, 2026.The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company’s results of operations,...

First Internet Bancorp Completes Private Placement of $20.5 Million of 8.0% Fixed-to-Floating Rate Subordinated Notes

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today the completion of a private placement of $20.5 million in aggregate principal amount of 8.0% fixed-to-floating rate subordinated notes due 2036 (the “Notes”). The Notes will bear interest at a fixed rate of 8.0% per annum from September 10, 2026 to September 15, 2031, with interest during this period payable semi-annually in arrears. From...
Back to Newsroom