Welcome to our dedicated page for Northeast Indiana Bancorp news (Ticker: NIDB), a resource for investors and traders seeking the latest updates and insights on Northeast Indiana Bancorp stock.
Northeast Indiana Bancorp, Inc. (NIDB) provides essential banking services through First Federal Savings Bank, serving Indiana communities with deposit solutions, residential/commercial lending, and financial advisory services. This news hub offers investors and stakeholders centralized access to official corporate developments.
Track key financial and operational updates through press releases covering earnings results, regulatory filings, leadership changes, and product innovations. Our curated collection ensures timely access to strategic announcements about mortgage services, community banking initiatives, and risk management practices.
Discover updates on NIDB's local market expansion, dividend declarations, and responses to economic trends affecting regional banking. Content spans quarterly performance reports, compliance updates, and service enhancements reflecting the company's commitment to personalized financial solutions.
Bookmark this page for streamlined monitoring of NIDB's evolving position in community banking. Verify information directly through original source materials and maintain informed perspectives on this Indiana-based financial institution's market activities.
Northeast Indiana Bancorp (OTCQB: NIDB) has declared a cash dividend of $0.18 per common share, payable on May 22, 2025, to shareholders of record on May 8, 2025. The company's stock had a book value of $20.57 per share as of March 31, 2025, with the last reported trading price of $17.70 on April 22, 2025. The current annualized dividend yield stands at 4.07%.
At their thirtieth annual shareholders' meeting, Stephen E. Zahn was elected as director with a term expiring in 2028. Additionally, Michael S. Zahn was appointed as Chairman of the Board of Directors of First Federal Savings Bank, succeeding Stephen E. Zahn, who continues as Chairman of Northeast Indiana Bancorp.
The company operates through its main office in Huntington and seven full-service Indiana offices across Huntington, Warsaw, and Fort Wayne, offering banking and financial brokerage services.
Northeast Indiana Bancorp (OTCQB: NIDB) reported strong Q1 2025 financial results with net income of $1.06 million ($0.44 per diluted share), up from $722,000 ($0.30 per share) in Q1 2024. The company achieved an annualized ROA of 0.80% and ROE of 8.71%, improving from 0.57% and 6.26% respectively year-over-year.
Key metrics show substantial growth: Total assets increased 15.6% annualized to $542.6 million, total loans grew 23.7% annualized to $413.7 million, and deposits rose 12.2% annualized to $442.1 million. The bank's credit quality improved with non-performing loans to gross loans decreasing to 1.24% from 1.84% year-over-year.
Shareholders' equity increased by $1 million to $49.3 million, with book value per share rising to $20.57 from $20.14 in the previous quarter.
Northeast Indiana Bancorp (OTCQB: NIDB) has announced its thirtieth annual shareholders' meeting scheduled for April 22, 2025, at 1:00 PM in Huntington, Indiana. The record date for the meeting is March 3, 2025.
The company declared a quarterly cash dividend of $0.18 per common share, payable on February 27, 2025, to shareholders of record on February 13, 2025. The stock's book value was $20.14 per share as of December 31, 2024, with a last reported trading price of $18.00 on January 28, 2025. The current annualized dividend yield stands at 4.00%.
The company has 2,397,496 outstanding common shares and operates through its main office and seven full-service locations across Indiana, offering banking and financial brokerage services.
Northeast Indiana Bancorp (OTCQB: NIDB) reported Q4 2024 net income of $972,000 ($0.41 per diluted share), up from $741,000 ($0.31 per diluted share) in Q4 2023. The company achieved an annualized ROA of 0.74% and ROE of 8.01% for Q4 2024.
For full-year 2024, net income remained stable at $4.3 million ($1.80 per diluted share), with ROA of 0.84% and ROE of 9.13%. Net interest income increased 4.1%, while provision for credit losses rose 48% due to increased specific reserves. Total assets grew 4.7% to $522.3 million, with loans up 5.4% to $390.6 million and deposits increasing 6.9% to $428.9 million.
The bank maintained its position on the Dividend Champions List, marking 30 consecutive years of dividend increases, and was named to American Banker Magazine's Top 100 Community Banks for the 13th consecutive year.
Northeast Indiana Bancorp (OTCQB: NIDB) has announced its 30th consecutive annual dividend increase. The quarterly cash dividend will increase by $0.01 per share (5.88%) to $0.18 per common share. The dividend will be paid on November 21, 2024, to shareholders of record as of November 7, 2024. Based on the last reported trading price of $17.60 per share on October 23, 2024, this represents an annualized dividend yield of 4.09%. The company's book value stands at $20.46 per common share as of September 30, 2024, with 2,403,696 shares outstanding.
Northeast Indiana Bancorp (NIDB) reported Q3 2024 net income of $1.0 million ($0.43 per diluted share), down from $1.2 million ($0.51 per share) in Q3 2023. For the nine months ended September 30, 2024, net income was $3.3 million ($1.39 per share) compared to $3.5 million ($1.46 per share) in 2023. The decrease was primarily due to increased provision for credit loss expense. Total assets grew to $519.9 million, up 5.7% annualized, while total loans increased to $384.3 million and deposits rose to $419.8 million. Book value per share improved to $20.46.
Northeast Indiana Bancorp (OTCQB: NIDB), parent of First Federal Savings Bank, has announced a $0.17 per share cash dividend payable on August 22, 2024, to shareholders of record on August 8, 2024. The company also approved a 5% share repurchase plan (approximately 121,000 shares) during its Annual Meeting. As of July 23, 2024, 16,051 shares have been repurchased.
The stock's book value was $19.53 per share as of June 30, 2024, with the last reported trade at $15.75 per share on July 23, 2024. The company has 2,413,647 outstanding common shares and an annualized dividend yield of 4.32%. Northeast Indiana Bancorp operates through its main office in Huntington and seven full-service Indiana offices.
Northeast Indiana Bancorp (OTCQB: NIDB) reported net income of $1.6 million ($0.66 per diluted share) for Q2 2024, up from $1.1 million ($0.46 per share) in Q2 2023. The company's annualized ROA increased to 1.24% from 0.96%, and ROE rose to 13.80% from 10.16% year-over-year. For the first half of 2024, net income was $2.3 million ($0.96 per share), compared to $2.3 million ($0.95 per share) in H1 2023.
The bank's total assets grew 5.1% annualized to $511.4 million, loans increased 4.3% to $378.7 million, and deposits rose 5.6% to $412.3 million. Shareholders' equity improved to $47.2 million, with book value per share increasing to $19.53. The company maintained steady overhead expenses, with only a 3.33% increase in the first six months of 2024 compared to 2023.
