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. reports news as the OTCQB-traded parent company of First Federal Savings Bank, a community banking organization offering banking and financial brokerage services through full-service offices in Indiana markets including Huntington, Warsaw, Fort Wayne and Roanoke.
Recurring company updates cover quarterly and annual earnings, net interest income, credit-loss provision activity, non-interest income and expense, returns on assets and equity, cash dividends, share repurchase activity, book value and common-share data. Corporate news also includes annual shareholder meetings, director elections and capital-management actions tied to the bank holding company's common stock.
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.
Northeast Indiana Bancorp (NIDB) reported a 21.0% increase in net income for Q3 2020, totaling $1.65 million or $1.37 per diluted common share. This marks a record for the company, with an annualized ROA of 1.65% and ROE of 14.33%. Year-to-date net income rose 16.5% to $4.12 million. The bank assisted over 400 clients in obtaining approximately $40.0 million in PPP funding. Loan forbearance requests have decreased, indicating improved borrower conditions, while net loans and deposits increased significantly, enhancing overall financial stability.