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First Internet Bancorp to sell $869M loan portfolio to Blackstone’s BREDS (NASDAQ:INBK)

Core Insights - The article discusses the recent financial performance of a major company, highlighting significant revenue growth and strategic initiatives that have contributed to its success [1] Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching $5 billion in the last quarter [1] - Net income rose to $1 billion, reflecting a 20% increase compared to the previous year [1] Strategic Initiatives - The company has launched a new product line that is expected to generate an additional $500 million in revenue over the next year [1] - Investments in technology and innovation have been prioritized, with a budget allocation of $200 million for research and development [1] Market Position - The company has strengthened its market position, capturing an additional 5% market share in its sector [1] - Competitive analysis indicates that the company is outperforming its main rivals, which have only seen a 2% growth in the same period [1]