Overview
First Internet Bancorp (NASDAQ: INBK) recorded an insider purchase on February 24, 2026, when Director Joseph A. Fenech acquired 1,000 shares of the company’s common stock, according to a Form 4 filed with the Securities and Exchange Commission. The transactions were executed in multiple trades at prices between $19.83 and $19.87, amounting to $19,830 in total.
Ownership and market context
Following these purchases, Fenech’s direct holdings in First Internet Bancorp stand at 10,102 shares. That total includes 51 shares obtained through a dividend reinvestment plan. In addition to his direct stake, Fenech has indirect exposure to the bank through ownership of 4,050 shares via GenOpp Financial Fund LP.
The company’s common stock was trading at $20.37 at the time of this report. Independent analysis through InvestingPro notes that the share price appears undervalued relative to InvestingPro’s Fair Value assessment. First Internet Bancorp is included among more than 1,400 U.S. equities covered in InvestingPro Research Reports.
Dividend track record
First Internet Bancorp has paid dividends for 14 consecutive years and currently offers a dividend yield of 1.16%.
Recent financial results
In its fourth-quarter 2025 results, First Internet Bancorp posted earnings per share of $0.64, ahead of the consensus estimate of $0.51. Quarterly revenue was $42.1 million, falling short of the $43.5 million analysts had expected. The earnings-per-share outperformance was highlighted as a notable element of the release, while the revenue miss represents a divergence from consensus forecasts.
What this means for stakeholders
The insider purchase increases Fenech’s direct and indirect exposure to First Internet Bancorp and comes against a backdrop of a long-standing dividend policy and mixed quarterly results. The EPS beat and the dividend history may be of particular interest to income-focused investors, while the revenue shortfall will be relevant to market participants tracking top-line momentum in the regional banking sector.
Summary
Director Joseph A. Fenech bought 1,000 shares on February 24, 2026, for $19,830; the stock trades at $20.37 and is flagged by InvestingPro as appearing undervalued. The bank reported Q4 2025 EPS of $0.64 versus $0.51 expected, with revenue of $42.1 million below the $43.5 million consensus.