What were Northeast Indiana Bancorp (NIDB) Q3 2025 earnings per share and net income?

Q3 2025 net income was $1.79M , or $0.76 per diluted share.

What is NIDB's book value per share and shares outstanding as of Sept 30, 2025?

Book value per share was $22.37 and common shares outstanding were 2,376,066 .

NORTHEAST INDIANA BANCORP, INC. ANNOUNCES THIRD QUARTER 2025 EARNINGS

Q: How did NIDB's return on assets and equity change in Q3 2025 vs Q3 2024?

Annualized Q3 2025 ROA 1.29% (vs 0.79%) and ROE 13.95% (vs 8.46%).

Q: What balance sheet growth did NIDB report as of September 30, 2025?

Total assets were $559.1M (+9.4% annualized), net loans $425.7M (+12% annualized), deposits $454.9M .

Q: Why did NIDB's non-interest income matter in Q3 2025 for investors?

Total non-interest income declined to $659.5k from $1.00M in Q3 2024, reducing fee and other revenue contribution.

Q: What credit-quality signals did NIDB report for Sept 30, 2025?

Non-performing loans increased to $7.61M (1.76% of gross loans) and allowance to NPLs fell to 86.82% .

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Negative)

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) reported Q3 2025 net income $1.79M ($0.76 diluted), up from $1.02M a year earlier, with annualized ROA 1.29% and ROE 13.95%. Nine-month net income was $4.49M ($1.89 diluted) versus $3.33M a year ago.

Total assets rose to $559.1M (+9.4% annualized vs Dec 31, 2024), net loans to $425.7M (+12% annualized), deposits to $454.9M (+8.1% annualized), and shareholders' equity to $53.2M. Net interest income increased ~$0.93M year-over-year; total non-interest income fell to $659.5k from $1.00M. Book value per share was $22.37 as of Sept 30, 2025.

Positive

Net income Q3 2025 of $1.79M
Nine-month net income $4.49M (vs $3.33M)
Total assets up to $559.1M (+9.4% annualized)
Total net loans $425.7M (+12% annualized)
Deposits increased to $454.9M
Book value per share $22.37

Negative

Total non-interest income down to $659.5k from $1.00M (Q3 2024)
Total non-interest expense increased to $3.28M (Q3 2025)
Non-performing loans ratio rose to 1.76% (Sept 30, 2025)
Net loan charge-offs for nine months rose to 0.46% of average loans

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

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10/28/2025 - 04:54 PM

HUNTINGTON, Ind., Oct. 28, 2025 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, today announced net income of $1,793,000 ($0.76 per diluted common share) for the quarter ended September 30, 2025 compared to earnings from the quarter ended September 30, 2024 of $1,017,000 ($0.43 per diluted common share). The current three months earnings equate to an annualized return on average assets (ROA) of 1.29% and a return on average equity (ROE) of 13.95% compared to an ROA of 0.79% and an ROE of 8.46% for the quarter ended September 30, 2024.

Net interest income increased $934,000 in the third quarter of 2025 compared to the same period in 2024. Total non-interest income was $660,000 in the third quarter of 2025 compared to $1,000,000 the same period in 2024. Total non-interest expense was $3,282,000 for the three months ended September 30, 2025 as compared to $3,128,000 for the three months ended September 30, 2024.

Net income for the nine months ended September 30, 2025, was $4,492,000, or $1.89 per diluted common share, compared to net income of $3,333,000, or $1.39 per diluted common share for the nine months ended September 30, 2024. The current nine months earnings equate to an annualized ROA of 1.10% and an annualized ROE of 12.02% compared to an annualized ROA of 0.87% and an annualized ROE of 9.49% for the nine months ended September 30, 2024. Provision for credit loss expense was $785,000 for the nine months ended September 30, 2025 compared to $1,025,000 for the nine months ended September 30, 2025.

Total assets increased $36.7 million, or 9.4% on an annualized basis, to $559.1 million at September 30, 2025 compared to total assets of $522.3 million at December 31, 2024. Total net loans increased $35.1 million, or 12% on an annualized basis, to $425.7 million at September 30, 2025 compared to total net loans of $390.6 million at December 31, 2024. Total deposits increased $25.8 million, or 8.1% on an annualized basis, to $454.9 million at September 30, 2025 compared to $428.9 million at December 31, 2024.

Shareholders' equity increased $4.9 million to $53.2 million at September 30, 2025 compared to $48.3 million at December 31, 2024. The book value of NIDB stock increased $1.34 to $22.37 per common share as of September 30, 2025 compared to $21.03 at June 30, 2025. The number of outstanding common shares was 2,376,066 as of September 30, 2025.

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 is traded 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.

This press release may contain forward-looking statements, which are based on management's current expectations regarding economic, legislative and regulatory issues. Factors which may cause future results to vary materially include, but are not limited to, general economic conditions, changes in interest rates, loan demand, and competition. Additional factors include changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, regulatory and technological factors affecting each company's operations, pricing, products and services.

NORTHEAST INDIANA BANCORP, INC.
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	September 30,	December 31,	September 30,
Balance Sheet (Unaudited)	2025	2024	2024
		(Audited)
*Assets*
Non-interest earning cash and cash equivalents	$ 6,289,092	$ 3,754,395	$ 6,541,441
Interest-earning cash and cash equivalents	1,266,982	6,452,143	5,501,247
Total cash and cash equivalents	7,556,074	10,206,538	12,042,688
Interest-earning time deposits	2,205,000	4,275,000	4,520,000
Securities available for sale	80,585,539	74,789,791	75,040,367
Securities held to maturity	11,555,659	11,602,482	12,628,794
Loans held for sale	-	71,200	477,000
Loans, gross	432,292,953	397,334,479	390,627,340
Allowance for credit losses	(6,608,476)	(6,771,171)	(6,326,783)
Loans, net	425,684,477	390,563,308	384,300,557
Accrued interest receivable	2,362,834	2,237,407	2,485,615
Premises and equipment	8,643,854	7,907,303	7,930,946
FHLB Stock	2,835,000	2,835,000	2,835,000
Cash surrender value of life insurance	12,415,489	12,159,543	12,075,427
Other assets	5,222,345	5,676,203	4,811,913
Total Assets	$ 559,066,271	$ 522,323,775	$ 519,851,641

*Liabilities and Stockholders' Equity*
Non-interest bearing deposits	$ 51,808,470	$ 48,168,488	$ 48,860,067
Interest bearing deposits	403,117,646	380,771,626	370,951,769
Borrowed funds	46,500,000	41,000,000	45,500,000
Accrued interest payable and other liabilities	4,488,383	4,106,965	5,355,964
Total Liabilities	505,914,499	474,047,079	470,667,800
Stockholders' equity	53,151,772	48,276,696	49,183,841
Total Liabilities and Stockholders' Equity	$ 559,066,271	$ 522,323,775	$ 519,851,641


	Three months ended			Nine months ended
	September 30,	June 30,	September 30,	September 30,	September 30,
Income Statement (Unaudited)	2025	2025	2024	2025	2024

*Net interest income*
Total interest income	$ 8,055,361	$ 7,730,639	$ 7,178,589	$ 23,011,167	$ 20,990,629
Total interest expense	3,311,854	3,267,904	3,369,314	9,667,407	9,792,811
Net interest income	4,743,507	4,462,735	3,809,275	13,343,760	11,197,818
*Provision for credit loss expense*
Loans	-	189,000	495,000	809,017	1,095,000
Off-balance sheet credit exposures	(35,000)	11,000	(45,000)	(24,000)	(70,000)
Total provision for credit loss expense	(35,000)	200,000	450,000	785,017	1,025,000
*Net interest income after provision for credit losses*	4,778,507	4,262,735	3,359,275	12,558,743	10,172,818

*Non-interest income*
Service charges on deposit accounts	177,533	163,581	174,619	498,752	528,332
Interchange fees	200,695	199,831	208,053	590,434	616,195
Loan servicing fees	83,947	84,352	63,117	284,345	270,986
Net gain on sale of loans	139,754	105,083	137,577	292,869	283,281
Increase in cash surrender value of life insurance	87,080	85,181	83,603	255,945	249,399
Net loss on sales of available-for-sale securities	(119,062)	-	-	(119,062)	-
Other income	89,595	69,926	333,349	275,789	961,249
Total non-interest income	659,542	707,954	1,000,318	2,079,072	2,909,442

*Non-interest expense*
Salaries and employee benefits	1,747,045	1,710,384	1,652,277	5,103,733	4,929,765
Occupancy	439,253	413,228	390,467	1,284,671	1,109,104
Data processing	385,504	247,019	435,356	1,011,648	1,271,213
Deposit insurance premiums	75,000	77,500	75,000	235,000	237,000
Professional fees	225,147	163,484	179,392	523,125	454,680
Advertising and marketing fees	94,741	86,020	85,424	266,809	274,199
Correspondent bank charges	29,436	28,541	36,337	80,592	120,027
Other expense	285,664	292,324	273,585	840,132	947,739
Total non-interest expense	3,281,790	3,018,500	3,127,838	9,345,710	9,343,727

Income before income taxes	2,156,259	1,952,189	1,231,755	5,292,105	3,738,533
Income tax expense	363,699	311,483	214,410	799,878	405,471
Net income	$ 1,792,560	$ 1,640,706	$ 1,017,345	$ 4,492,227	$ 3,333,062

	Three months ended			Nine months ended
	September 30,	June 30,	September 30,	September 30,	September 30,
Selected Financial Ratios and Other Financial Data (Unaudited)	2025	2025	2024	2025	2024

Average shares outstanding - basic	2,369,920	2,380,896	2,387,823	2,376,826	2,398,109
Average shares outstanding - diluted	2,369,920	2,380,896	2,387,823	2,376,826	2,398,109
Basic earnings per share	$ 0.76	$ 0.69	$ 0.43	$ 1.89	$ 1.39
Diluted earnings per share	$ 0.76	$ 0.69	$ 0.43	$ 1.89	$ 1.39
Net interest margin (1)	3.53 %	3.35 %	3.06 %	3.37 %	3.04 %
Return on average assets (1)	1.29 %	1.19 %	0.79 %	1.10 %	0.87 %
Return on average equity (1)	13.95 %	13.27 %	8.46 %	12.02 %	9.49 %
Efficiency ratio	60.74 %	58.38 %	65.03 %	60.60 %	66.23 %

*Allowance for credit losses:*
Balance, beginning of period	$ 6,595,962	$ 6,381,216	$ 5,885,564	$ 6,771,171	$ 5,335,305
Charge-offs:
One-to-four family	-	-	39,022	-	39,022
Commercial real estate	-	-	-	-	-
Land/land development	-	-	-	-	-
Commercial	-	-	-	959,749	-
Consumer	21,485	34,696	52,872	140,319	147,549
Gross charge-offs	21,485	34,696	91,894	1,100,068	186,571
Recoveries:
One-to-four family	-	-	1,523	3,247	1,523
Commercial real estate	-	-	-	-	-
Land/land development	-	-	-	-	-
Commercial	1,705	-	-	1,705	-
Consumer	32,294	60,442	36,590	123,404	81,526
Gross recoveries	33,999	60,442	38,113	128,356	83,049
Net charge-offs (recoveries)	(12,514)	(25,746)	53,781	971,712	103,522
Provision for credit losses	-	189,000	495,000	809,017	1,095,000
Balance, end of period	$ 6,608,476	$ 6,595,962	$ 6,326,783	$ 6,608,476	$ 6,326,783

Net loan charge-offs (recoveries) to average loans	-0.01 %	-0.02 %	0.06 %	0.46 %	0.04 %

	As of
	September 30,	June 30,	September 30,
*Non-performing assets*	2025	2025	2024
Loans:
Non-accrual	$ 5,082,212	$ 6,230,450	$ 4,551,701
Past 90 days or more and still accruing	-	-	-
Troubled debt modification	2,529,489	2,551,651	507,797
Total non-performing loans	7,611,701	8,782,101	5,059,498
Real estate owned	-	-	-
Other repossessed assets	-	-	-
Total non-performing assets	$ 7,611,701	$ 8,782,101	$ 5,059,498

Non-performing assets to total assets	1.36 %	1.58 %	0.97 %
Non-performing loans to gross loans	1.76 %	2.05 %	1.30 %
Allowance for credit losses to non-performing loans	86.82 %	75.11 %	125.05 %
Allowance for credit losses to gross loans	1.53 %	1.54 %	1.62 %

*Other financial ratios*
Tangible common equity	9.51 %	9.05 %	9.46 %
Book value per share	$ 22.37	$ 21.03	$ 20.46
Common shares outstanding	2,376,066	2,396,896	2,403,696

(1) Ratios for three-month periods are annualized

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SOURCE Northeast Indiana Bancorp, Inc.

FAQ

How did NIDB's return on assets and equity change in Q3 2025 vs Q3 2024?

Annualized Q3 2025 ROA 1.29% (vs 0.79%) and ROE 13.95% (vs 8.46%).

What balance sheet growth did NIDB report as of September 30, 2025?

Total assets were $559.1M (+9.4% annualized), net loans $425.7M (+12% annualized), deposits $454.9M.

Why did NIDB's non-interest income matter in Q3 2025 for investors?

Total non-interest income declined to $659.5k from $1.00M in Q3 2024, reducing fee and other revenue contribution.

What credit-quality signals did NIDB report for Sept 30, 2025?

Non-performing loans increased to $7.61M (1.76% of gross loans) and allowance to NPLs fell to 86.82%.