First Internet Bancorp has agreed to sell up to $869 million of performing single tenant lease financing loans to Blackstone, aiming to strengthen its capital position and optimize its asset portfolio.

Target Information

First Internet Bancorp (Nasdaq: INBK) is a prominent bank holding company based in Fishers, Indiana, with total assets amounting to $6.1 billion as of June 30, 2025. Its subsidiary, First Internet Bank, was established in 1999 and is recognized as a pioneer in offering branchless banking services. The Bank's service offerings include consumer and business deposit accounts, SBA financing, franchise and specialty finance, along with commercial real estate and industrial loans.

Through this innovative approach, First Internet Bank has positioned itself as a significant player in the banking sector, continually adapting to meet the evolving needs of its customers across the nation.

Industry Overview

The banking industry in the United States, particularly in the context of commercial real estate lending, has experienced various transformations over recent years. Economic conditions, including fluctuating interest rates and regulatory chang