SCHEDULE: Vanguard Discloses 5.09% Stake in First Internet Bancorp

The Vanguard Group has reported a 5.09% beneficial ownership stake in First Internet Bancorp's common stock as of December 31, 2025.

Summary

• The Vanguard Group beneficially owns 443,997 shares of First Internet Bancorp's Common Stock.
• This ownership represents 5.09% of the class of securities.
• Vanguard holds 61,242 shares with shared voting power and 443,997 shares with shared dispositive power.
• An internal realignment occurred at The Vanguard Group, Inc. on January 12, 2026, where it ceased performing portfolio management services or administering proxy voting.
• Following the realignment, certain subsidiaries or business divisions of Vanguard are expected to report beneficial ownership separately (on a disaggregated basis).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive development, as it confirms significant institutional ownership, which can provide stability, but offers no new operational insights into First Internet Bancorp's performance or strategic direction.

Positives

• The disclosure of a significant stake (5.09%) by a major institutional investor like The Vanguard Group can signal a degree of confidence in First Internet Bancorp's long-term viability and inclusion in various investment indices.

Future Outlook

The Vanguard Group anticipates that certain subsidiaries or business divisions will report beneficial ownership separately from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538, following an internal realignment.

Industry Context

StockSavvy.ai notes that the disclosure of a passive 5.09% stake by The Vanguard Group in First Internet Bancorp is a routine occurrence for publicly traded companies. Such filings reflect the inclusion of the issuer's stock in various index funds and ETFs managed by large asset managers like Vanguard, rather than an active investment decision based on new fundamental analysis of the company.

Stakeholder Impact

• Shareholders benefit from increased transparency regarding significant institutional holdings, which can contribute to market stability and liquidity.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. are expected to report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in the future.

Key Dates

Recommendation

The disclosure of The Vanguard Group's 5.09% passive stake in First Internet Bancorp is a routine regulatory filing and does not provide new fundamental information about the company's operational performance or strategic direction. While institutional ownership can be a positive signal, this filing alone does not warrant a change from a 'hold' position for investors awaiting more comprehensive financial or strategic updates.

Keywords

First Internet Bancorp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Financial Services, Banking