When a company such as First Internet Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the INBK split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Internet Bancorp shares, starting with a $10,000 purchase of INBK, presented on a split-history-adjusted basis factoring in the complete INBK split history.

About First Internet Bancorp

First Internet Bancorp is a bank holding company. Co. conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Bank has the following subsidiaries: First Internet Public Finance Corp., which provides a range of public and municipal finance lending and leasing products to governmental entities throughout the U.S. and acquires securities issued by state and local governments and other municipalities; JKH Realty Services, LLC, which manages other real estate owned properties as needed; and SPF15 Inc., which acquires and holds real estate. Co. provides a range of commercial, small business, consumer and municipal banking products and services. According to our INBK split history records, First Internet Bancorp has had 1 split.

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