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Issuer Purchases of Equity Securities
−Removed: On October 18, 2021, the Company's Board of Directors approved a stock repurchase program authorizing the repurchase of up to $30.0 million of our outstanding common stock from time to time on the open market or in privately negotiated transactions.
−Removed: The stock repurchase authorization is scheduled to expire on December 31, 2022.
−Removed: Under this program, the Company has repurchased 200,000 shares of common stock through March 11, 2022, at an average price of $46.97, for a total investment of $9.4 million.
−Removed: As of March 11, 2022, we have $20.6 million remaining under this program.
+Added: In October 2021, the Company's Board of Directors approved a stock repurchase program authorizing the repurchase of up to $30.0 million, which was subsequently increased to $35.0 million, of our outstanding common stock from time to time on the open market or in privately negotiated transactions.
+Added: The stock repurchase authorization was scheduled to expire on December 31, 2022.
+Added: Under this program, the Company repurchased 855,956 shares of common stock through December 19, 2022, at an average price of $36.31, for a total investment of $31.1 million.
+Added: In December 2022, the Company’s Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $25.0 million of the Company’s outstanding stock from time to time on the open market or in privately negotiated transactions.
+Added: The stock repurchase program is scheduled to expire on December 31, 2023, and replaced the stock repurchase program mentioned above.
+Added: Under this program, the Company repurchased 178,188 shares of common stock through March 10, 2023, at an average price of $25.46, for a total investment of $4.5 million.
The following table presents information with respect to purchases of the Company’s common stock made during the fourth quarter of 2022 by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3).
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The following assumes $100 invested on December 31, 2017 in First Internet Bancorp, the Nasdaq Composite Index and the S&P U.S.
−Removed: BMI Bank Index, and assumes that dividends are reinvested.
+Added: BMI Bank Index, and
+Added: assumes that dividends are reinvested.
The historical stock price performance for our common stock is not necessarily indicative of future stock performance.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.