First Internet Bancorp Director Buys 1,000 Shares

Insider purchase raises director's stake by 10.99%

Published on Feb. 27, 2026

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First Internet Bancorp (NASDAQ:INBK) Director Joseph Fenech purchased 1,000 shares of the company's stock on February 24, 2026 at an average price of $19.83 per share. This transaction increased Fenech's ownership stake in the bank to 10,102 shares, a 10.99% increase.

Why it matters

Insider buying can be a positive signal for investors, as it suggests the director believes the stock is undervalued and has confidence in the company's future performance. However, First Internet Bancorp has posted a negative net margin and return on equity in recent quarters, which may raise concerns about the bank's financial health.

The details

Fenech's purchase was disclosed in a filing with the Securities and Exchange Commission. Following the transaction, he now owns 10,102 shares of First Internet Bancorp, valued at approximately $200,322. The bank, which operates as an online-only financial institution, has a market capitalization of around $173.6 million.

  • The shares were purchased on Tuesday, February 24, 2026.

The players

Joseph Fenech

A director of First Internet Bancorp.

First Internet Bancorp

An online-only bank headquartered in Indianapolis, Indiana.

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