Banc Funds Co. LLC Decreases Stake in First Internet Bancorp

Institutional investor reduces holding in online bank by over 21% in Q3

Mar. 15, 2026 at 8:34am

Got story updates? Submit your updates here. ›

Banc Funds Co. LLC, an institutional investor, decreased its position in First Internet Bancorp (NASDAQ:INBK) by 21.1% in the third quarter of 2026, according to a recent SEC filing. The firm now owns 276,396 shares of the bank's stock, down from 350,296 shares held previously.

Why it matters

This filing provides insight into the investment strategies and portfolio changes of Banc Funds Co. LLC, a notable institutional investor. The reduction in their First Internet Bancorp holding could signal a shift in their outlook on the online bank's prospects.

The details

According to the 13F filing, Banc Funds Co. LLC sold 73,900 shares of First Internet Bancorp stock during the third quarter. The firm now owns a 3.17% stake in the bank, down from 4.02% at the end of the prior quarter.

  • Banc Funds Co. LLC filed the 13F report disclosing the changes to its First Internet Bancorp position on March 15, 2026.

The players

Banc Funds Co. LLC

An institutional investment firm that manages a portfolio of stocks, including a position in First Internet Bancorp.

First Internet Bancorp

A digital-only bank headquartered in Indianapolis, Indiana that offers a range of deposit products and services to customers across the country.

Got photos? Submit your photos here. ›

The takeaway

This filing highlights the shifting investment landscape, as institutional investors like Banc Funds Co. LLC reevaluate their positions in online-only banks like First Internet Bancorp. The reduction in their stake could signal broader market trends or specific concerns about the bank's outlook.