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), 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.
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