NORTHEAST INDIANA BANCORP, INC. ANNOUNCES THIRD QUARTER 2025 EARNINGS
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 $22.37 as of Sept 30, 2025.
Northeast Indiana Bancorp (OTCQB: NIDB) ha riportato l’utile netto nel Q3 2025 di 1,79 M$ (0,76$ diluiti per azione), in aumento rispetto a 1,02 M$ dell’anno precedente, con ROA annualizzato 1,29% e ROE 13,95%. L’utile netto dei primi nove mesi è stato 4,49 M$ (1,89$ diluiti per azione) contro 3,33 M$ un anno fa. Gli attivi totali sono saliti a 559,1 M$ (+9,4% annualizzato rispetto al 31 dic 2024), i prestiti netti a 425,7 M$ (+12% annualizzato), i depositi a 454,9 M$ (+8,1% annualizzato) e il patrimonio netto degli azionisti a 53,2 M$. Il net interest income è aumentato di circa 0,93 M$ su base annua; i redditi non da interessi totali sono diminuiti a 659,5k$ da 1,00 M$. Il book value per azione era di 22,37$ al 30 settembre 2025.
Northeast Indiana Bancorp (OTCQB: NIDB) informó utilidad neta del 3T 2025 de 1,79 M$ (0,76$ diluido por acción), frente a 1,02 M$ hace un año, con ROA anualizado 1,29% y ROE 13,95%. La utilidad neta de los primeros nueve meses fue de 4,49 M$ (1,89$ diluido por acción) frente a 3,33 M$ hace un año. Los activos totales aumentaron a 559,1 M$ (+9,4% anualizado respecto del 31 dic 2024), los préstamos netos a 425,7 M$ (+12% anualizado), los depósitos a 454,9 M$ (+8,1% anualizado) y el patrimonio de los accionistas a 53,2 M$. Los ingresos netos por intereses aumentaron aproximadamente 0,93 M$ interanual; los ingresos no por intereses totales cayeron a 659,5k$ desde 1,00 M$. El valor en libros por acción era de 22,37$ al 30 sep 2025.
Northeast Indiana Bancorp (OTCQB: NIDB)는 2025년 3분기 순이익 179만 달러를 보고했으며(주당 희석 0.76달러), 전년 동기 102만 달러에서 증가했습니다. 연환산 ROA는 1.29%, ROE는 13.95%입니다. 9개월 순이익은 449만 달러로(주당 희석 1.89달러) 전년 동기 333만 달러를 상회했습니다. 총자산은 5억 5910만 달러로 증가했고(2024년 12월 31일 대비 연환산 +9.4%), 순대출은 4억 2570만 달러(+12% 연환산), 예금은 4억 5490만 달러(+8.1% 연환산), 주주자본은 5320만 달러로 늘었습니다. 순이자수익은 전년 대비 약 93만 달러 증가했고, 비이자수익은 65.95만 달러로 감소했습니다(100만 달러에서), 2025년 9월 30일 기준 주당 장부가는 22.37달러였습니다.
Northeast Indiana Bancorp (OTCQB : NIDB) a annoncé un bénéfice net du T3 2025 de 1,79 M$ (0,76$ dilués par action), en hausse par rapport à 1,02 M$ l’année précédente, avec un ROA annualisé de 1,29% et un ROE de 13,95%. Le bénéfice net sur neuf mois s’élevait à 4,49 M$ (1,89$ dilués par action) contre 3,33 M$ il y a un an. Les actifs totaux ont augmenté à 559,1 M$ (+9,4% annualisé par rapport au 31 déc. 2024), les prêts nets à 425,7 M$ (+12% annualisé), les dépôts à 454,9 M$ (+8,1% annualisé) et les fonds propres des actionnaires à 53,2 M$. Le revenu net d’intérêts a augmenté d’environ 0,93 M$ en glissement annuel; les revenus non liés aux intérêts totaux ont diminué à 659,5k$ contre 1,00 M$. La valeur comptable par action était de 22,37$ au 30 sept. 2025.
Northeast Indiana Bancorp (OTCQB: NIDB) meldete für das Q3 2025 einen Nettogewinn von 1,79 Mio. USD (0,76 USD pro Aktie verwässert), gegenüber 1,02 Mio. USD im Vorjahr, mit einem annualisierten ROA von 1,29% und ROE von 13,95%. Der Nettogewinn für die ersten neun Monate betrug 4,49 Mio. USD (1,89 USD verwässert pro Aktie) gegenüber 3,33 Mio. USD vor einem Jahr. Die Gesamtaktiva stiegen auf 559,1 Mio. USD (+9,4% annualisiert gegenüber dem Stand zum 31.12.2024), die Nettokredite auf 425,7 Mio. USD (+12% annualisiert), die Einlagen auf 454,9 Mio. USD (+8,1% annualisiert) und das Eigenkapital der Aktionäre auf 53,2 Mio. USD. Die Nettomarge aus Zinsersatz stieg gegenüber dem Vorjahr um ca. 0,93 Mio. USD; die gesamten zinstragenden Nichtzinsen-Einkünfte sanken auf 659,5k USD von 1,00 Mio. USD. Der Buchwert je Aktie betrug am 30.09.2025 22,37 USD.
Northeast Indiana Bancorp (OTCQB: NIDB) أعلنت عن صافي دخل الربع الثالث لعام 2025 مقداره 1.79 مليون دولار (0.76 دولار مخففاً للسهم)، مقارنة بـ 1.02 مليون دولار قبل عام، مع معدل عائد على الأصول السنوي 1.29% ومعدل العائد على حقوق المساهمين 13.95%. بلغ صافي دخل ما يقرب من 4.49 مليون دولار للمئة الأشهر التسعة الأولى (1.89 دولار مخفف للسهم) مقارنة بـ 3.33 مليون دولار قبل عام. ارتفعت الأصول الإجمالية إلى 559.1 مليون دولار (+9.4% سنوياً مقارنة بنهاية 31 ديسمبر 2024)، والقروض الصافية إلى 425.7 مليون دولار (+12% سنوياً)، والودائع إلى 454.9 مليون دولار (+8.1% سنوياً)، وحقوق المساهمين إلى 53.2 مليون دولار. ارتفع الدخل من الفوائد الصافية بنحو 0.93 مليون دولار على أساس سنوي؛ وانخفضت الإيرادات غير المتعلقة بالفوائد الإجمالية إلى 659.5 ألف دولار من 1.00 مليون دولار. وكانت القيمة الدفترية للسهم 22.37 دولار كما في 30 سبتمبر 2025.
Northeast Indiana Bancorp（OTCQB: NIDB） 公布了 2025 年第三季度净利润为 179 万美元（摊薄每股 0.76 美元），较上年同期的 102 万美元有所增长，年化 ROA 为 1.29%，ROE 为 13.95%。前九个月净利润为 449 万美元（摊薄每股 1.89 美元），对比上年同期的 333 万美元。总资产上升至 5.591 亿美元（较 2024 年 12 月 31 日同比年化增长 9.4%），净贷款额为 4.257 亿美元（+12% 年化），存款为 4.549 亿美元（+8.1% 年化），股东权益为 5320 万美元。净利息收入同比增加约 93 万美元；非利息收入总额从 100 万美元降至 65.95 万美元。截至 2025 年 9 月 30 日，账面每股价值为 22.37 美元。
- 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
- 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
Net interest income increased
Net income for the nine months ended September 30, 2025, was
Total assets increased
Shareholders' equity increased
Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street,
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 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-announces-third-quarter-2025-earnings-302597513.html
SOURCE Northeast Indiana Bancorp, Inc.
FAQ
What were Northeast Indiana Bancorp (NIDB) Q3 2025 earnings per share and net income?
How did NIDB's return on assets and equity change in Q3 2025 vs Q3 2024?
What balance sheet growth did NIDB report as of September 30, 2025?
Why did NIDB's non-interest income matter in Q3 2025 for investors?
What credit-quality signals did NIDB report for Sept 30, 2025?
What is NIDB's book value per share and shares outstanding as of Sept 30, 2025?
