Why I (Finally) Bought First Internet Bancorp

Core Insights - First Internet Bancorp (NASDAQ: INBK) reported a weaker-than-expected performance in its third quarter, following the sale of a portion of its portfolio to Blackstone [1] Company Performance - The third quarter results were anticipated to be weak, but the actual performance was even lower than expectations [1] Investment Position - There is a long position in INBK, and put options have been written, with some currently in the money [2]