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First Bancorp of Indiana Inc (FBPI)
OTHER OTC:FBPI
US Market
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First Bancorp of Indiana (FBPI) AI Stock Analysis

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FBPI

First Bancorp of Indiana

(OTC:FBPI)

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Neutral 57 (OpenAI - 4o)
Rating:57Neutral
Price Target:
First Bancorp of Indiana's overall score reflects its financial challenges, including declining revenue and high leverage. The stock's technical indicators suggest stability but potential weakness, while the attractive dividend yield and fair valuation provide some support. Improvement in financial performance is crucial for a better outlook.

First Bancorp of Indiana (FBPI) vs. SPDR S&P 500 ETF (SPY)

First Bancorp of Indiana Business Overview & Revenue Model

Company DescriptionFirst Bancorp of Indiana, Inc. operates as the bank holding company for First Federal Savings Bank that provides various banking products and services to individuals and business customers. The company accepts various deposits; and offers loans that include commercial one-to-four family mortgage, commercial and multi-family mortgage, secured commercial business, unsecured commercial business, residential one-to-four family mortgage, residential second mortgage, and consumer loans, as well as home equity lines of credit. It is also involved in the management of investment securities portfolios; and provides safe deposit box, check cashing and cashier's check, wire transfer, and brokerage services. The company operates 9 full-service offices in Southwestern Indiana; and 1 loan production office in Henderson, Kentucky. First Bancorp of Indiana, Inc. was founded in 1904 and is based in Evansville, Indiana.
How the Company Makes MoneyFirst Bancorp of Indiana makes money primarily through the interest income generated from its loan products, including residential and commercial mortgages, personal loans, and lines of credit. Additionally, the company earns revenue from fees associated with banking services such as account maintenance, overdraft fees, and transaction charges. The bank also benefits from investment income through its securities portfolio. A significant portion of its earnings is driven by the net interest margin, which is the difference between the interest earned on loans and the interest paid on deposits. Partnerships with local businesses and community engagement further support its revenue streams by fostering a loyal customer base.

First Bancorp of Indiana Financial Statement Overview

Summary
First Bancorp of Indiana faces challenges with declining revenue and profitability, alongside high leverage and cash flow inefficiencies. While the company maintains some strengths in cost control and equity stability, improvements in operational efficiency and cash flow management are essential for future financial health and growth.
Income Statement
42
Neutral
First Bancorp of Indiana has experienced fluctuating revenue trends with a significant decline in the most recent period. The gross profit margin remains stable, which is a positive indicator of cost control. However, the net profit margin has decreased, highlighting potential inefficiencies affecting profitability. The EBIT and EBITDA margins are relatively low, suggesting limited operational efficiency and potential room for improvement.
Balance Sheet
55
Neutral
The company's balance sheet shows a high debt-to-equity ratio, indicating significant leverage, which could pose financial risks. The return on equity has also decreased, reflecting challenges in generating returns for shareholders. However, the equity ratio is relatively stable, suggesting a consistent proportion of equity financing, which provides some degree of capital stability.
Cash Flow
47
Neutral
The cash flow statement reveals a concerning decline in free cash flow, though the operating cash flow remains positive. The free cash flow to net income ratio suggests that the company is not effectively converting net income into cash. The operating cash flow to net income ratio is also low, indicating potential challenges in cash generation relative to earnings.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue18.38M18.38M18.48M27.46M20.12M23.09M
Gross Profit18.38M18.38M18.48M19.73M17.65M20.05M
EBITDA347.00K0.002.24M3.95M3.70M5.30M
Net Income1.17M1.17M1.53M2.85M2.44M3.79M
Balance Sheet
Total Assets605.75M605.75M635.32M631.34M518.48M480.87M
Cash, Cash Equivalents and Short-Term Investments0.000.008.57M19.50M14.69M9.01M
Total Debt76.95M76.95M129.69M129.83M90.77M65.16M
Total Liabilities572.42M572.42M603.78M599.33M485.89M439.32M
Stockholders Equity33.34M33.34M31.54M32.01M32.59M41.55M
Cash Flow
Free Cash Flow0.000.00669.73K1.98M-4.39M2.06M
Operating Cash Flow0.000.001.58M3.57M525.91K2.56M
Investing Cash Flow0.000.00-7.32M-106.86M-88.01M17.44M
Financing Cash Flow0.000.002.36M110.02M45.56M2.84M

First Bancorp of Indiana Technical Analysis

Technical Analysis Sentiment
Positive
Last Price11.40
Price Trends
50DMA
10.45
Positive
100DMA
10.02
Positive
200DMA
10.10
Positive
Market Momentum
MACD
0.35
Positive
RSI
65.82
Neutral
STOCH
35.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBPI, the sentiment is Positive. The current price of 11.4 is above the 20-day moving average (MA) of 11.39, above the 50-day MA of 10.45, and above the 200-day MA of 10.10, indicating a bullish trend. The MACD of 0.35 indicates Positive momentum. The RSI at 65.82 is Neutral, neither overbought nor oversold. The STOCH value of 35.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FBPI.

First Bancorp of Indiana Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$47.41M12.823.33%4.10%6.06%
57
Neutral
$20.36M15.904.85%0.43%
52
Neutral
$28.55M174.8919.55%
49
Neutral
$13.65M439.720.16%2.13%8.99%-94.06%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FBPI
First Bancorp of Indiana
11.40
0.62
5.75%
ASRV
Ameriserv Financial
2.93
0.43
17.20%
CARV
Carver Bancorp
2.66
0.81
43.78%
GLBZ
Glen Burnie Bancorp
4.71
-0.47
-9.07%
KFFB
Kentucky First Federal Bancorp
3.90
0.50
14.71%
PBBK
PB Bankshares
19.07
3.89
25.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 30, 2025