First Internet Bancorp Announces Closing of Common Stock Offering

First Internet Bancorp (the “Company”) (NASDAQ: INBK), the parent company of First Internet Bank (the “Bank”) (www.firstib.com), today announced the closing of its previously announced underwritten offering of 945,000 shares of its common stock at a price of $26.50 per share. The Company received net proceeds of approximately $23.4 million after underwriting discounts and expenses.

Keefe, Bruyette & Woods, a Stifel Company, served as the sole book-runner for the offering and FIG Partners acted as co-manager.

The Company has filed with the U.S. Securities and Exchange Commission (“SEC”) a prospectus supplement to the prospectus contained in the registration statement on Form S-3 (file no. 333-208748) for the underwritten offering of common stock described in this communication. The sale of shares in the underwritten offering were made pursuant to the prospectus and prospectus supplement. Copies of the prospectus supplement and accompanying prospectus related to the underwritten offering may be obtained by contacting Keefe, Bruyette & Woods, Equity Capital Markets, at 787 Seventh Avenue, Fourth Floor, New York, NY 10019, 1-800-966-1559 or FIG Partners, LLC at 1175 Peachtree Street NE, Suite 2250, Atlanta, GA 30361, 1-404-601-7200.

This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to sell any security of the Company, which is made only by means of a prospectus supplement and related prospectus, nor will there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About First Internet Bancorp

First Internet Bancorp is the parent company of First Internet Bank of Indiana, which opened for business in 1999 as the nation’s first state-chartered, FDIC-insured institution to operate solely via the Internet. With customers in all 50 states, First Internet Bank offers consumers services including checking, savings, money market, certificates of deposit and IRA accounts as well as consumer loans, residential mortgages, residential construction loans and home equity products. For commercial clients, it provides commercial real estate loans, commercial and industrial loans and treasury management services. First Internet Bank has been recognized as one of the “Best Banks to Work For” by American Banker Magazine, a “Best Place to Work in Indiana” by a consortium of statewide resources, and a “Top Workplace” by The Indianapolis Star. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.com.

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