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MarketScreener Homepage  >  Equities  >  Nasdaq  >  First Internet Bancorp    INBK

FIRST INTERNET BANCORP

(INBK)
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First Internet Bank : Continues SBA Expansion, Adds Senior Business Development Officer

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04/21/2020 | 02:05pm EDT

First Internet Bank announced today that Alan Hice has joined its Small Business Administration (SBA) Lending team. In his role as Vice President, Senior Business Development Officer, he will work with clients to utilize SBA loan products across all industries nationwide.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200421005770/en/

Alan Hice, First Internet Bank Vice President, Senior Business Development Officer (Photo: Business Wire)

Alan Hice, First Internet Bank Vice President, Senior Business Development Officer (Photo: Business Wire)

“The addition of Alan reflects our ongoing growth strategies for the SBA team as we continue to expand our national presence,” said Mark Gibson, National Sales Manager for SBA Lending at First Internet Bank. “We are committed to delivering a superior customer experience for our small business clients. Alan’s extensive lending experience across a wide array of industries will be an invaluable asset for our team and the business community.”

Hice added, “Now more than ever, small business owners need support beyond simply getting the financing they need. With our SBA Preferred Lender status and extensive experience, we can help our clients navigate this challenging period. I look forward to joining First Internet Bank.”

Mr. Hice comes to First Internet Bank from BankUnited. Previous experience includes small business lending leadership roles with Civis Capital and Community Bank South. He is an alumnus of the University of Tennessee.

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 $4.1 billion as of December 31, 2019, the Bank provides consumer and small business deposit, consumer loan, residential mortgage, 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 www.firstib.com. The Bank is a wholly owned subsidiary of First Internet Bancorp (Nasdaq: INBK).


© Business Wire 2020
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Financials (USD)
Sales 2020 63,9 M - -
Net income 2020 17,2 M - -
Net Debt 2020 - - -
P/E ratio 2020 8,24x
Yield 2020 1,66%
Capitalization 142 M 142 M -
Capi. / Sales 2020 2,23x
Capi. / Sales 2021 2,01x
Nbr of Employees 229
Free-Float 94,2%
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Number of Analysts 5
Average target price 22,60 $
Last Close Price 14,50 $
Spread / Highest target 107%
Spread / Average Target 55,9%
Spread / Lowest Target 31,0%
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Managers
NameTitle
David B. Becker Chairman, President & Chief Executive Officer
Nicole S. Lorch Chief Operating Officer & Executive Vice President
Kenneth J. Lovik Chief Financial Officer & Executive Vice President
Jean L. Wojtowicz Independent Director
Ralph R. Whitney Independent Director
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