NORTHEAST INDIANA BANCORP, INC. ANNOUNCES CASH DIVIDEND AND NAMES KEVIN L. DEARDORFF TO BOARD OF DIRECTORS

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) declared a cash dividend of $0.19 per common share, payable on August 27, 2026 to shareholders of record on August 13, 2026, implying an annualized dividend yield of 3.15% based on the July 28, 2026 closing price of $24.10.

The company reported book value of $24.11 per share and 2,349,909 outstanding common shares as of July 28, 2026. Northeast Indiana Bancorp also appointed retired banking executive Kevin L. Deardorff, who has over 40 years of industry experience and previously served as Executive Vice President at Lake City Bank, to the boards of both Northeast Indiana Bancorp and First Federal Savings Bank effective July 28, 2026.

Positive

• Quarterly cash dividend of $0.19 per common share declared
• Annualized dividend yield of 3.15% based on July 28, 2026 price
• Book value per share of $24.11 as of June 30, 2026
• 2,349,909 common shares outstanding as of July 28, 2026
• Appointment of Kevin L. Deardorff with 40+ years banking experience to boards

Negative

• None.

News Market Reaction – NIDB

+0.41%

+0.41% Session close to close

In the Jul 29 session, NIDB gained 0.41%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HUNTINGTON, Ind., July 29, 2026 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will pay a cash dividend of $0.19 per common share.  This cash dividend will be payable on August 27, 2026, to common shareholders of record on August 13, 2026.

The book value of NIDB's stock was $24.11 per common share as of June 30, 2026.  The last reported trade of the Company's stock at the close of business on July 28, 2026 was $24.10 per common share and the number of outstanding common shares was 2,349,909 as of the same date.  The annualized dividend yield is currently 3.15% when annualizing the current quarter cash dividend of $0.19 per common share against the July 28, 2026 closing price of $24.10 per common share.  

Kevin L. Deardorff was appointed to the boards of Northeast Indiana Bancorp, Inc. and First Federal Savings Bank effective July 28, 2026.  Deardorff is a retired bank executive who has over 40 years of experience in the banking industry.  "We are thrilled to welcome Kevin to our board.  His deep expertise in banking will be invaluable as we continue to drive disciplined growth and provide community banking at the highest level" said Michael Zahn, President/CEO and Board Chair of First Federal Savings Bank.

Deardorff most recently served as Executive Vice President at Lake City Bank before retiring in 2021. Throughout his career, he was responsible for all aspects of the retail banking division.  This included all retail activities and staff for a 50-office network.  "I am honored to join the boards of First Federal Savings Bank and Northeast Indiana Bancorp at such a dynamic time in the financial sector. I look forward to working with the leadership team as they continue to support local customers and businesses with their banking needs and embrace their role as a community bank in northeast Indiana" stated Deardorff.

Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana.  The company offers a full array of banking and financial brokerage services to its customers through its nine full-service Indiana offices in Huntington (3), Warsaw (2), Fort Wayne (3) and Roanoke (1).  The Company trades on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol "NIDB".  Our web site address is www.firstfedindiana.bank.

View original content to download multimedia:https://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-announces-cash-dividend-and-names-kevin-l-deardorff-to-board-of-directors-302837834.html

SOURCE Northeast Indiana Bancorp, Inc.

FAQ

What dividend did Northeast Indiana Bancorp (OTCQB: NIDB) declare on July 29, 2026?

Northeast Indiana Bancorp declared a cash dividend of $0.19 per common share. According to the company, the dividend will be paid on August 27, 2026 to shareholders of record on August 13, 2026.

What is the dividend yield for Northeast Indiana Bancorp (NIDB) based on the latest declaration?

The annualized dividend yield for NIDB is 3.15%. According to the company, this yield is calculated by annualizing the $0.19 quarterly dividend against the $24.10 per share closing price on July 28, 2026.

When will Northeast Indiana Bancorp (NIDB) pay its August 2026 cash dividend?

Northeast Indiana Bancorp will pay its cash dividend on August 27, 2026. According to the company, shareholders must be of record on August 13, 2026 to receive the $0.19 per common share dividend.

Who is Kevin L. Deardorff, newly appointed to the Northeast Indiana Bancorp (NIDB) board?

Kevin L. Deardorff is a retired bank executive with over 40 years of banking experience. According to the company, he was appointed to the boards of Northeast Indiana Bancorp and First Federal Savings Bank effective July 28, 2026.

What are the recent share price and book value for Northeast Indiana Bancorp (NIDB)?

NIDB’s last reported trade on July 28, 2026 was $24.10 per share. According to the company, book value was $24.11 per common share as of June 30, 2026, with 2,349,909 common shares outstanding.

Where does Northeast Indiana Bancorp (NIDB) conduct its banking operations?

Northeast Indiana Bancorp operates through nine full-service offices in Indiana. According to the company, locations include Huntington (3 offices), Warsaw (2), Fort Wayne (3), and Roanoke (1), with headquarters in Huntington, Indiana.