Northeast Indiana Bancorp Stock Price, News & Analysis

Northeast Indiana Bancorp (NIDB) has scheduled its twenty-seventh annual shareholders' meeting for April 26, 2022, at 1:00 PM in Huntington, Indiana. Shareholders of record as of March 7, 2022, will be eligible to vote. The company will also distribute a $0.30 quarterly cash dividend on February 24, 2022, payable to shareholders on record by February 10, 2022. As of December 31, 2021, NIDB's stock book value was $40.49, with the last trade closing at $43.76.

Northeast Indiana Bancorp (OTCQB: NIDB) has declared a special cash dividend of $1.25 per share, marking the seventh consecutive year of issuing such dividends. The record date is set for December 9, 2021, and payment will be made on December 23, 2021. Over this period, the company has returned more than $6.3 million to shareholders. The book value of NIDB's stock stands at $40.75 per common share as of September 30, 2021, with 1,202,985 shares outstanding.

Northeast Indiana Bancorp (NIDB) has announced a quarterly cash dividend increase of $0.30 per common share, marking the 27th consecutive year of dividend growth. The new dividend reflects a $0.02 per share increase, or 7.1%, over the previous quarter. This results in an annualized yield of 2.7% based on a closing price of $44.50 on October 27, 2021. The dividend will be payable on November 26, 2021, to shareholders of record on November 11, 2021. Additionally, Christopher D. Cook has been appointed as CFO as of October 25, 2021.

Northeast Indiana Bancorp (NIDB) reported a significant 17.7% increase in net income for Q3 2021, reaching $1.94 million ($1.62 per diluted share), a record for the company. Year-to-date net income rose 39.7% to $5.76 million ($4.80 per diluted share). Key metrics include annualized return on average assets (ROA) at 1.88% and return on average equity (ROE) at 15.81%. Total deposits increased by 10.03% to $326.75 million, while net loans receivable rose 5.39% to $278.47 million. The company's book value was $40.75 per share as of September 30, 2021.

Northeast Indiana Bancorp, Inc. (OTCQB: NIDB) will pay a cash dividend of $0.28 per share on August 23, 2021, to shareholders recorded on August 9, 2021. The company has been recognized as one of the 'Dividends Champions' for increasing its dividend for over 25 years, making it one of 18 banks on this prestigious list. As of June 30, 2021, NIDB's book value was $39.87 per share, with shares closing at $43.00 on July 22, 2021, resulting in an annualized yield of 2.6%.

Northeast Indiana Bancorp, Inc. (NIDB) reported a substantial net income increase of 54% for the six months ended June 30, 2021, totaling $3.82 million, equating to $3.19 per diluted share. This performance reflects an annualized ROA of 1.91% and ROE of 15.70%. The second quarter also saw a 33.6% rise in net income to $1.93 million, achieving record earnings for both the quarter and year-to-date. Total assets rose by 4.8% to $409.9 million, with a 5% increase in net loans and deposits. The book value per share stands at $39.87, with NIDB's last trade at $43.00.

Northeast Indiana Bancorp (NIDB) has declared a cash dividend of $0.28 per common share, payable on May 27, 2021 to shareholders of record on May 13, 2021. The stock's book value was $38.22 as of March 31, 2021, while the last trading price was $42.10 on April 26, 2021, reflecting an annualized dividend yield of 2.7%. NIDB was also recognized as a 'Dividends Champion' in 2020, being one of 18 banks to have increased their cash dividend for 25 consecutive years. The annual shareholders' meeting took place on April 27, 2021.

Northeast Indiana Bancorp, Inc. (NIDB) reported a net income of $1.89 million for Q1 2021, a significant increase of 83.2% from $1.03 million in Q1 2020. Earnings per share rose to $1.58 from $0.86 year-over-year. Total assets climbed to $406.3 million, reflecting a 3.8% increase. Total loans reached $269.3 million and deposits grew to $314.7 million. Shareholders' equity rose to $46 million with a book value of $38.22 per share. The Bank supported small businesses by securing approximately $25 million in PPP loans for over 300 clients.

Northeast Indiana Bancorp (NIDB) reported a remarkable 19.5% increase in annual earnings for 2020, totaling $5.6 million or $4.65 per diluted share, compared to $4.7 million in 2019. This achievement marks the highest earnings level in the company's history. The total assets increased by 10.6% to $391.3 million, while net loans rose to $264.2 million. Total deposits surged 17.7% to $297 million. The company also paid out $2.5 million in dividends, including a $1.00 special cash dividend. Quarterly earnings for Q4 2020 also rose by 28.9%, totaling $1.5 million.