Brief: First Internet Bancorp To Acquire First Century Bancorp

First Internet Bancorp

02/11/2021 11:39

Nov 2 (Reuters) - First Internet Bancorp  INBK.O :
    * FIRST INTERNET BANCORP TO ACQUIRE FIRST CENTURY BANCORP
    * FIRST INTERNET BANCORP - DEAL FOR $80.0 MILLION IN CASH
    * FIRST INTERNET BANCORP - PROPOSED DEAL FOR $80.0 MILLION
IN CASH
    * FIRST INTERNET BANCORP - WILL FUND DEAL WITH AVAILABLE
ON-BALANCE SHEET CAS
    * FIRST INTERNET BANCORP - TRANSACTION IS EXPECTED TO BE 21%
ACCRETIVE TO 2023 EARNINGS PER SHARE AND 7% DILUTIVE TO TANGIBLE
BOOK VALUE PER SHARE
    * FIRST INTERNET BANCORP - TRANSACTION IS EXPECTED TO BE 21%
ACCRETIVE TO 2023 EARNINGS PER SHARE

Source text for Eikon:  ID:nBw1YcYqta 
Further company coverage:  INBK.O 

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