• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    First Internet Bancorp Agrees to Sell Nearly $1 Billion of Single Tenant Lease Financing Loans to Blackstone

    9/10/25 4:35:00 PM ET
    $BX
    $BXMT
    $INBK
    Investment Managers
    Finance
    Real Estate Investment Trusts
    Real Estate
    Get the next $BX alert in real time by email

    First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (the "Bank"), and Blackstone (NYSE:BX) jointly announced today that the Bank has entered into an agreement to sell up to $869 million of performing single tenant lease financing loans to vehicles affiliated with Blackstone Real Estate Debt Strategies ("BREDS"). The Bank will retain customer-facing servicing responsibilities for all loans sold as part of this transaction.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250910746927/en/

    "This proposed transaction is a decisive step that advances key strategic priorities, including strengthening our capital position, accelerating operating performance towards our near-term target of 1.00% return on average assets, and significantly enhancing net interest margin," said David Becker, CEO and Chairman of First Internet Bancorp. "Reducing our exposure to fixed rate, lower-coupon loans is a meaningful component towards further optimizing our earning asset base, providing balance sheet flexibility and a resilient earnings profile regardless of the interest rate environment. With stronger capital generation capabilities and balance sheet capacity, First Internet Bancorp will be well-positioned to capitalize on future growth opportunities. It was a pleasure to work with Blackstone Real Estate on this transaction, and we look forward to building a strong relationship with them going forward."

    Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies, said: "We're pleased to acquire this portfolio of high-quality, performing commercial real estate loans. With a market-leading platform, deep expertise and $77 billion of AUM, we are able to provide innovative solutions to financial institutions for their commercial real estate portfolios. We are excited to work with First Internet Bancorp and look forward to identifying additional opportunities in the future."

    These performing single tenant lease financing loans are expected to be sold at a price approximating 95% of the unpaid principal balance, inclusive of transaction costs. The reduction in loan balances – and, consequently, the reduction in risk-weighted assets – more than offsets the impact of the reduction in shareholders' equity, leading to increases in the Company's and Bank's regulatory capital ratios. Upon closing the transaction, the Company expects to move approximately $550 million of deposit balances off-balance sheet, aiming to provide a modest increase to its tangible common equity ratio. The remaining proceeds are expected to be used to fund near-term loan growth opportunities with the option to move additional deposits off-balance sheet.

    The proposed transaction is expected to close on or around September 18, 2025, subject to market conditions and customary closing requirements. The Company has filed supplemental materials regarding this transaction with the Securities and Exchange Commission.

    For Blackstone Real Estate, this transaction follows the acquisition of $22 billion of commercial real estate loan portfolios in the last 24 months, including the acquisition of an approximately 20% stake in the $17 billion Signature Bank commercial real estate debt portfolio with JV partners, the $1 billion performing senior mortgage loan portfolio acquisition from PBB and the recent acquisition of approximately $2 billion of commercial real estate loans from Atlantic Union Bank. The BREDS platform has deployed $38 billion from January 2024 through June 2025.

    Piper Sandler Loan Strategies, LLC served as the introducing broker on behalf of First Internet Bancorp. Gibson, Dunn & Crutcher LLP and Ballard Spahr LLP acted as legal advisors to Blackstone.

    About First Internet Bancorp

    First Internet Bancorp is a bank holding company with assets of $6.1 billion as of June 30, 2025. The Company's subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. First Internet Bank provides consumer and small business deposit, SBA financing, franchise finance, consumer loans, and specialty finance services nationally as well as commercial real estate loans, construction loans, commercial and industrial loans, and treasury management services on a regional basis. First Internet Bancorp's common stock trades on the Nasdaq Global Select Market under the symbol "INBK" and is a component of the Russell 2000® Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about First Internet Bank, including its products and services, is available at www.firstib.com.

    About Blackstone Real Estate Debt Strategies

    Blackstone Real Estate Debt Strategies ("BREDS") is the largest alternative asset manager of real estate credit with $77 billion of investor capital under management. Serving institutional, insurance, and individual investors, BREDS originates loans and makes debt investments across global private and public real estate credit markets and across the capital structure and risk spectrum. BREDS also manages Blackstone Mortgage Trust (NYSE:BXMT), a publicly-traded commercial mortgage REIT, and is a fully integrated part of the Blackstone Real Estate platform, the largest owner of commercial real estate globally.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include statements concerning future events and expectations that are not historical facts. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the sale of loans, including the risks that (a) the sale of loans may not be consummated within the anticipated time period, or at all, (b) conditions to the consummation of the sale of loans may not be satisfied, (c) the purchasers' rights to force the Company to retain or repurchase one or more loans under certain circumstances, and (d) the limitations on remedies contained in the agreement may limit or entirely prevent the Company from specifically enforcing obligations of the purchasers under the agreement or recovering damages for any breach by the purchasers; (2) the effects that any termination of the sale agreement may have on the Company or its business, including the risks that (a) the Company's stock price may decline significantly if the sale is not completed or (b) any chilling effect on alternative transactions or future loan sales; (3) the effects that the announcement or pendency of the sale of loans may have on the Company or the Bank and its operations, including the risk that as a result the Bank's business, operating results or the Company's stock price may suffer; (4) the risk that the sale of loans may involve unexpected costs, liabilities or delays; (5) projected benefits and offsets resulting from the sale of loans and uses of proceeds may not reflect actual results or be realized at all; (6) other economic, business, competitive, legal, regulatory, and/or tax factors; and (7) other factors identified in reports we file with the U.S. Securities and Exchange Commission. All statements in this press release, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250910746927/en/

    First Internet Bancorp

    Investors/Analysts

    Paula Deemer

    Director of Corporate Administration

    (317) 428-4628

    [email protected]

    Media

    PANBlast

    Zach Weismiller

    [email protected]

    Blackstone

    Claire Keyte

    [email protected]

    (646) 482-8753

    Get the next $BX alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $BX
    $BXMT
    $INBK

    CompanyDatePrice TargetRatingAnalyst
    Blackstone Inc.
    $BX
    10/3/2025$190.00Outperform
    BMO Capital Markets
    First Internet Bancorp
    $INBK
    7/28/2025$32.00 → $29.00Outperform
    Hovde Group
    First Internet Bancorp
    $INBK
    4/25/2025$39.00 → $28.00Outperform
    Hovde Group
    Blackstone Inc.
    $BX
    4/8/2025$165.00Mkt Perform → Mkt Outperform
    Citizens JMP
    Blackstone Inc.
    $BX
    3/17/2025$180.00Neutral → Buy
    UBS
    Blackstone Inc.
    $BX
    12/12/2024$188.00 → $195.00Overweight → Equal Weight
    Wells Fargo
    Blackstone Mortgage Trust Inc.
    $BXMT
    12/11/2024$20.00Peer Perform → Outperform
    Wolfe Research
    Blackstone Inc.
    $BX
    12/9/2024$149.00 → $230.00Hold → Buy
    TD Cowen
    More analyst ratings

    $BX
    $BXMT
    $INBK
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Large owner Blackstone Holdings Iv Gp Management (Delaware) L.P. bought $240,000,000 worth of Common Shares of Beneficial Interest (9,313,155 units at $25.77) (SEC Form 4)

    4 - Blackstone Inc. (0001393818) (Reporting)

    10/21/25 5:47:44 PM ET
    $BX
    Investment Managers
    Finance

    Large owner Blackstone Private Multi-Asset Credit & Income Fund bought $65,000,000 worth of Common Shares of Beneficial Interest (2,538,071 units at $25.61) (SEC Form 4)

    4 - Blackstone Inc. (0001393818) (Reporting)

    9/22/25 5:56:51 PM ET
    $BX
    Investment Managers
    Finance

    Large owner Blackstone Private Multi-Asset Credit & Income Fund bought $80,000,000 worth of Common Shares of Beneficial Interest (3,137,255 units at $25.50) (SEC Form 4)

    4 - Blackstone Inc. (0001393818) (Reporting)

    8/22/25 4:15:16 PM ET
    $BX
    Investment Managers
    Finance

    $BX
    $BXMT
    $INBK
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    First Internet Bancorp Reports Third Quarter 2025 Results

    - Increased adjusted revenue by 30% year-over-year to $43.5 million1 - - FTE NIM expanded by 42 bps year-over-year to 2.12%1 - - Took decisive action on credit - leading to improving delinquencies - - Completed a major loan sale – enhancing regulatory capital ratios and balance sheet flexibility - First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (the "Bank"), announced today financial and operational results for the third quarter ended September 30, 2025. "Our third quarter results demonstrated strong operational momentum with solid growth in net interest income and continued improvement in our net interest margin," said David Becker,

    10/22/25 4:51:00 PM ET
    $INBK
    Major Banks
    Finance

    Jean Hsu Appointed to the Board of Directors of Blackstone Mortgage Trust

    Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced today that seasoned institutional investor and industry leader Jean Hsu has been appointed to its Board of Directors. Ms. Hsu brings over 25 years of global investment experience across fixed income, real estate, private credit and structured products to the BXMT Board, as well as deep public and private market expertise. Most recently, she served as Head of Private Debt and a member of the Investment Office leadership team at California Public Employees' Retirement System (CalPERS), the nation's largest defined-benefit public pension fund, until her retirement in 2024. At CalPERS, Ms. Hsu previously held several other senior roles, in

    10/22/25 4:15:00 PM ET
    $BXMT
    Real Estate Investment Trusts
    Real Estate

    First Internet Bank Now Offers Zelle® To Its Business Customers

    First Internet Bank today announced that Zelle® is now available for eligible business customers through its digital banking experience and mobile app. "At First Internet Bank, we are committed to empowering entrepreneurs with smart, seamless financial tools," said Kevin Quinn, Senior Vice President, Consumer and Business Banking. "Using Zelle®, business owners can send and receive payments* directly between eligible bank accounts in just minutes It's one more way we are delivering tools to help small businesses thrive." Zelle® is a payment service integrated into over 2,300 financial institution apps (including First Internet Bank's). With Zelle®, entrepreneurs and business owners can:

    10/20/25 9:28:00 AM ET
    $INBK
    Major Banks
    Finance

    $BX
    $BXMT
    $INBK
    SEC Filings

    View All

    SEC Form 8-K filed by Blackstone Inc.

    8-K - Blackstone Inc. (0001393818) (Filer)

    10/23/25 6:57:00 AM ET
    $BX
    Investment Managers
    Finance

    First Internet Bancorp filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

    8-K - First Internet Bancorp (0001562463) (Filer)

    10/22/25 4:54:18 PM ET
    $INBK
    Major Banks
    Finance

    SEC Form 8-K filed by Blackstone Mortgage Trust Inc.

    8-K - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Filer)

    10/22/25 4:39:03 PM ET
    $BXMT
    Real Estate Investment Trusts
    Real Estate

    $BX
    $BXMT
    $INBK
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Large owner Blackstone Holdings Iv Gp Management (Delaware) L.P. bought $240,000,000 worth of Common Shares of Beneficial Interest (9,313,155 units at $25.77) (SEC Form 4)

    4 - Blackstone Inc. (0001393818) (Reporting)

    10/21/25 5:47:44 PM ET
    $BX
    Investment Managers
    Finance

    Director Lynch Nnenna was granted 831 shares, increasing direct ownership by 3% to 33,596 units (SEC Form 4)

    4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

    10/17/25 4:41:30 PM ET
    $BXMT
    Real Estate Investment Trusts
    Real Estate

    Director Nassau Henry N was granted 2,620 shares, increasing direct ownership by 1% to 193,801 units (SEC Form 4)

    4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

    10/17/25 4:41:25 PM ET
    $BXMT
    Real Estate Investment Trusts
    Real Estate

    $BX
    $BXMT
    $INBK
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    BMO Capital Markets initiated coverage on Blackstone with a new price target

    BMO Capital Markets initiated coverage of Blackstone with a rating of Outperform and set a new price target of $190.00

    10/3/25 8:37:20 AM ET
    $BX
    Investment Managers
    Finance

    Hovde Group reiterated coverage on First Internet Bancorp with a new price target

    Hovde Group reiterated coverage of First Internet Bancorp with a rating of Outperform and set a new price target of $29.00 from $32.00 previously

    7/28/25 8:16:41 AM ET
    $INBK
    Major Banks
    Finance

    Hovde Group reiterated coverage on First Internet Bancorp with a new price target

    Hovde Group reiterated coverage of First Internet Bancorp with a rating of Outperform and set a new price target of $28.00 from $39.00 previously

    4/25/25 8:00:49 AM ET
    $INBK
    Major Banks
    Finance

    $BX
    $BXMT
    $INBK
    Leadership Updates

    Live Leadership Updates

    View All

    Blackstone Multi-Asset Investing (BXMA) Hires Monica Issar as Senior Managing Director

    Blackstone (NYSE:BX) today announced that Monica Issar will join Blackstone Multi-Asset Investing ("BXMA") as a Senior Managing Director based in New York where she will be the Head of Total Portfolio Management ("TPM"). Monica will join the TPM leadership team partnering closely with Co-Chief Investment Officers, Joe Dowling and David Ben-Ur. She will report directly to Joe Dowling, Global Head of Blackstone Multi-Asset Investing. "Monica is a proven leader with a remarkable track record of driving innovation in investment solutions and scaling multi-asset platforms," says Joe Dowling. "Her expertise will be pivotal in advancing BXMA's portfolio management capabilities and delivering val

    7/14/25 4:05:00 PM ET
    $BX
    Investment Managers
    Finance

    Blackstone Tactical Opportunities Hires Joseph Cassanelli as Senior Managing Director Focused on Financial Services Sector Investments

    Blackstone (NYSE:BX) announced today that Joseph Cassanelli, former Co-Head of Lazard's U.S. Financial Institutions Group, has joined Blackstone Tactical Opportunities ("Tac Opps") as a Senior Managing Director. Mr. Cassanelli will be based in New York and serve as an investment professional within Tac Opps focused on the financial services sector. Chris James, Global Head of Tac Opps, said: "Joe's deep expertise and relationships in the financial services sector make him an ideal addition to Tac Opps – as we continue to seek to deliver differentiated performance for our investors. We believe our scale and flexible capital are particularly well suited for today's market environment, and l

    6/16/25 10:30:00 AM ET
    $BX
    Investment Managers
    Finance

    Wellington, Vanguard, and Blackstone to Collaborate on Investment Solutions Combining Public and Private Assets

    Wellington Management ("Wellington"), Vanguard, and Blackstone (NYSE:BX) today announced a strategic alliance to transform how investors access institutional-caliber investment opportunities. The three firms will collaborate on developing simplified multi-asset investment solutions that seamlessly integrate public and private markets as well as active and index strategies. The collaboration seeks to broaden access to sophisticated multi-asset portfolios ordinarily available to the largest global institutions. The new initiative, which is the first of its kind for the firms, brings together three world-class organizations drawing on their respective strengths: Wellington's nearly 100-year

    4/15/25 9:00:00 AM ET
    $BX
    Investment Managers
    Finance

    $BX
    $BXMT
    $INBK
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G filed by Blackstone Inc.

    SC 13G - Blackstone Inc. (0001393818) (Subject)

    11/13/24 3:07:30 PM ET
    $BX
    Investment Managers
    Finance

    SEC Form SC 13G filed by First Internet Bancorp

    SC 13G - First Internet Bancorp (0001562463) (Subject)

    10/31/24 11:55:01 AM ET
    $INBK
    Major Banks
    Finance

    SEC Form SC 13G/A filed by Blackstone Mortgage Trust Inc. (Amendment)

    SC 13G/A - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Subject)

    2/13/24 5:00:45 PM ET
    $BXMT
    Real Estate Investment Trusts
    Real Estate

    $BX
    $BXMT
    $INBK
    Financials

    Live finance-specific insights

    View All

    First Internet Bancorp Reports Third Quarter 2025 Results

    - Increased adjusted revenue by 30% year-over-year to $43.5 million1 - - FTE NIM expanded by 42 bps year-over-year to 2.12%1 - - Took decisive action on credit - leading to improving delinquencies - - Completed a major loan sale – enhancing regulatory capital ratios and balance sheet flexibility - First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (the "Bank"), announced today financial and operational results for the third quarter ended September 30, 2025. "Our third quarter results demonstrated strong operational momentum with solid growth in net interest income and continued improvement in our net interest margin," said David Becker,

    10/22/25 4:51:00 PM ET
    $INBK
    Major Banks
    Finance

    Jean Hsu Appointed to the Board of Directors of Blackstone Mortgage Trust

    Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced today that seasoned institutional investor and industry leader Jean Hsu has been appointed to its Board of Directors. Ms. Hsu brings over 25 years of global investment experience across fixed income, real estate, private credit and structured products to the BXMT Board, as well as deep public and private market expertise. Most recently, she served as Head of Private Debt and a member of the Investment Office leadership team at California Public Employees' Retirement System (CalPERS), the nation's largest defined-benefit public pension fund, until her retirement in 2024. At CalPERS, Ms. Hsu previously held several other senior roles, in

    10/22/25 4:15:00 PM ET
    $BXMT
    Real Estate Investment Trusts
    Real Estate

    First Internet Bancorp to Announce Third Quarter 2025 Financial Results on Wednesday, October 22

    Conference call and webcast to be held on Thursday, October 23 First Internet Bancorp (the "Company") (NASDAQ:INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its third quarter 2025 financial results after the market closes on Wednesday, October 22, 2025. A conference call and webcast to discuss the results will be held the following day, Thursday, October 23 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, October 23, 2025, 2:00 p.m. Eastern Time Telephone Access:       1-800-549-8228 (U.S. toll free) 1-646-564-2877 (U.S. toll) 1-289

    10/8/25 4:16:00 PM ET
    $INBK
    Major Banks
    Finance