First Bancorp of Indiana (FBPI) AI Stock Analysis

• Market Cap: $21.34M
• Dividend Yield: 0.96%
• Average Volume (3M): 770.00
• Price to Earnings (P/E): 17.7
• Beta (1Y): >-0.01
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 91
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.14
• Shares Outstanding: 1,742,000
• 10 Day Avg. Volume: 767
• 30 Day Avg. Volume: 770
• PEG Ratio: -0.58
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.89
• P/FCF Ratio: 7.25
• Enterprise Value/Market Cap: 4.60
• Enterprise Value/Revenue: 5.34
• Enterprise Value/Gross Profit: 5.34
• Enterprise Value/Ebitda: 208.27
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: $12.00 ▼(-1.07% Downside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is driven primarily by mixed financial performance—improving leverage and better cash conversion, but a sharp 2025 revenue decline, margin compression, and weaker ROE. Technical indicators are modestly supportive with price above key moving averages and positive momentum, while valuation appears fair with a modest dividend yield.

Positive Factors

Stable Gross Profit Margin

A stable gross profit margin suggests effective cost management, which can support long-term profitability despite revenue fluctuations.

Equity Stability

Stable equity financing provides a solid capital foundation, enhancing financial resilience and supporting future growth initiatives.

Positive Operating Cash Flow

Positive operating cash flow indicates the company's ability to generate cash from its core operations, supporting ongoing business activities and investments.

Negative Factors

Declining Revenue

Declining revenue can hinder growth prospects and reduce the company's ability to invest in new opportunities, impacting long-term competitiveness.

High Leverage

High leverage increases financial risk, potentially limiting flexibility and increasing vulnerability to economic downturns or interest rate hikes.

Cash Flow Inefficiencies

Inefficient cash conversion can strain liquidity, affecting the company's ability to fund operations and invest in growth, posing long-term challenges.

First Bancorp of Indiana Business Overview & Revenue Model

Company Description

First 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 Money

First 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

Mixed fundamentals: profitability remains positive but weakened materially with an 18.1% revenue decline in 2025 and net margin down to ~6.4%. Offsetting this, leverage improved sharply versus 2024 (debt-to-equity ~2.31x vs ~4.12x) and cash conversion improved (FCF ~0.82x of net income), though returns (ROE ~3.5%) and cash flow coverage versus debt remain soft.

Income Statement

Profitability has weakened versus prior years: net margin fell to ~6.4% in 2025 (from ~8.3% in 2024 and ~10–16% in 2021–2023), and revenue declined sharply in 2025 (-18.1%) after a near-flat 2024. Positives include continued profitability and generally solid historical margins, but the recent revenue drop and compressing earnings profile reduce confidence in the near-term trajectory.

Balance Sheet

Leverage has improved meaningfully: debt-to-equity declined to ~2.31x in 2025 from ~4.12x in 2024, indicating a less stressed capital profile than last year. However, leverage is still elevated versus earlier periods (e.g., ~1.57x in 2021), and return on equity has softened to ~3.5% in 2025 (down from ~4.9% in 2024 and ~7–9% in 2021–2023), suggesting profitability is not currently strong enough to fully offset balance-sheet risk.

Cash Flow

Cash generation is a relative bright spot in 2025, with free cash flow covering ~0.82x of net income (up from ~0.43x in 2024), and both operating and free cash flow are positive. The main weakness is the consistently low operating cash flow relative to the company’s debt load (coverage near ~0.3%–1.2% across the period), which limits financial flexibility if conditions tighten.

Breakdown	Jun 2025	Jun 2023	Jun 2022	Jun 2021	Jun 2021
Income Statement
Total Revenue	18.38M	18.48M	27.46M	20.18M	23.27M
Gross Profit	18.38M	18.48M	19.73M	17.65M	20.05M
EBITDA	714.52K	2.24M	3.95M	3.70M	5.30M
Net Income	1.17M	1.53M	2.85M	2.44M	3.79M
Balance Sheet
Total Assets	605.75M	635.32M	631.34M	518.48M	480.87M
Cash, Cash Equivalents and Short-Term Investments	0.00	8.57M	13.37M	14.69M	9.01M
Total Debt	76.95M	129.89M	129.83M	90.77M	65.16M
Total Liabilities	572.42M	603.78M	599.33M	485.89M	439.32M
Stockholders Equity	33.34M	31.54M	32.01M	32.59M	41.55M
Cash Flow
Free Cash Flow	2.25M	669.73K	64.85K	3.32M	4.05M
Operating Cash Flow	2.73M	1.58M	1.66M	5.74M	4.56M
Investing Cash Flow	34.86M	-7.32M	-106.86M	-88.01M	17.44M
Financing Cash Flow	-32.58M	2.36M	110.02M	45.56M	2.84M

First Bancorp of Indiana Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 12.13 is below the 20-day moving average (MA) of 12.25, above the 50-day MA of 11.89, and above the 200-day MA of 10.75, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 55.12 is Neutral, neither overbought nor oversold. The STOCH value of 29.41 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FBPI	59 Neutral	$21.34M	17.74	4.85%	0.96%	―	―
KFFB	54 Neutral	$36.71M	45.90	1.11%	―	15.56%	―
GLBZ	44 Neutral	$13.02M	-480.20	0.09%	―	5.76%	-72.73%
SHFS	43 Neutral	$2.90M	-0.05	-229.75%	―	-42.15%	-1001.66%