INBKZ

A preferred stock or debt security issued by First Internet Bancorp, an online-focused bank holding company. This security likely represents a fixed-income investment with priority claims over common stock in terms of dividend payments and liquidation proceeds. Preferred securities issued by banks often feature fixed dividend rates and may be callable at the issuer's option after a specified period. These instruments provide investors with higher yields than common stock while offering the issuing bank a flexible source of regulatory capital.