Northeast Indiana Bancorp (NIDB) AI Stock Analysis

• Market Cap: $53.76M
• Dividend Yield: 3.54%
• Average Volume (3M): 732.00
• Price to Earnings (P/E): 8.5
• Beta (1Y): -0.03
• Revenue Growth: 5.28%
• EPS Growth: 35.37%
• Country: US
• Employees: 58
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.75
• Shares Outstanding: 2,397,496
• 10 Day Avg. Volume: 292
• 30 Day Avg. Volume: 732
• PEG Ratio: 5.66
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 2.40
• P/FCF Ratio: 7.42
• Enterprise Value/Market Cap: 1.75
• Enterprise Value/Revenue: 3.79
• Enterprise Value/Gross Profit: 5.32
• Enterprise Value/Ebitda: 17.60
• 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: 76 Outperform
• Price Target: $26.00 ▲(23.46% Upside)
• Action: Reiterated Date: 10/24/25
• Date: Action: Reiterated 10/24/25

Northeast Indiana Bancorp's overall stock score is driven by strong financial performance and a favorable valuation. The company's solid profitability and cash generation capabilities are complemented by an attractive P/E ratio and dividend yield. Technical indicators support a stable outlook, with the stock trading above key moving averages. The absence of earnings call data and corporate events does not detract from the positive assessment.

Positive Factors

Cash Generation

Durable free cash flow and strong operating cash conversion provide long-term flexibility to fund lending, pay dividends, and invest in technology or branches. This cash generation cushions the bank against credit losses and supports organic growth without heavy external financing.

Profitability

Sustained high gross and solid net margins indicate efficient cost management and pricing power in core banking products. Over months, this profitability supports retained earnings growth, capital formation, and the ability to absorb margin pressure from competition or rising funding costs.

Capitalization

A healthy equity ratio provides a durable regulatory and loss-absorption buffer, enabling continued lending and business operations through economic cycles. Strong capitalization supports confidence with depositors and regulators and allows strategic lending growth without immediate capital raises.

Negative Factors

Rising Leverage

An increasing debt-to-equity trend raises structural funding and interest-rate sensitivity, limiting financial flexibility. Over months, higher leverage can compress net interest margins if funding costs rise and reduce the bank's ability to expand credit or withstand loan losses without issuing new equity.

Operating Efficiency

Declining EBIT/EBITDA margins suggest rising operating costs or efficiency erosion. Persisting margin declines reduce internal cash available for reserves, capital, and reinvestment, making it harder to sustain returns and compete on pricing or service investments across economic cycles.

Modest Growth / Limited Scale

Modest revenue growth and a small regional footprint constrain scale economies and diversification of fee income. Over the medium term this limits profitability expansion, makes loan portfolio diversification harder, and leaves the bank more exposed to local economic cycles versus larger peers.

Northeast Indiana Bancorp Business Overview & Revenue Model

Company Description

Northeast Indiana Bancorp, Inc. operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. The company offers various personal products, including checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit. Its loan portfolio comprises mortgage loans, such as home purchases, refinances, new construction loans, and home equity/home improvement loans; installment loans consisting of auto loans, personal loans, short term notes, and savings account loans, as well as RV, ATV, and boat loans; and commercial loans, including lines of credit, letters of credit, equipment financing, and construction loans, as well as revolving line of credit, term loans, real estate loans, and small business administration loans. The company also offers debit and credit cards, safe deposit boxes, online banking services, merchant services, and cash management services, as well as treasury management and merchant deposit capture services. In addition, it provides various financial services to individual and corporate clients, including brokerage accounts, retail funds, and wealth management products, as well as insurance products and retirement plans. As of January 28, 2022, the company operated five full-service offices in Huntington; 2 offices in Warsaw; and 2 offices in Fort Wayne, Indiana. Northeast Indiana Bancorp, Inc. was incorporated in 1995 and is headquartered in Huntington, Indiana.

How the Company Makes Money

Northeast Indiana Bancorp generates revenue primarily through the interest earned on loans, which is the core of its banking operations. The company issues various types of loans, including commercial, consumer, and mortgage loans, and collects interest payments from borrowers. Additionally, NIDB earns income from service charges on deposit accounts, fees from wealth management and investment services, and other ancillary fees associated with banking transactions. The bank also invests in securities, generating interest and dividend income. Strategic partnerships with local businesses and real estate developers enhance its lending portfolio and business growth, contributing to its overall profitability.

Northeast Indiana Bancorp Financial Statement Overview

Summary

Northeast Indiana Bancorp demonstrates a solid financial standing with consistent profitability and strong cash generation. While the balance sheet reveals increased leverage, the company maintains a robust equity base. The overall trajectory is positive, but careful management of operational efficiency and debt levels will be crucial for sustained growth and stability.

Income Statement

Northeast Indiana Bancorp has shown a stable revenue base with a slight growth. The gross profit margin remains high, indicating efficient cost management. Net profit margin is solid, reflecting good profitability. However, EBIT and EBITDA margins show a declining trend over the past years, which could indicate increasing operational costs. Overall, the income statement reflects a strong performance with minor concerns over operating efficiency.

Balance Sheet

The company maintains a healthy equity ratio, indicating a strong capital base. However, the debt-to-equity ratio has increased over the years, suggesting increased leverage. Return on equity is moderate, showing decent returns on shareholder investments. Overall, the balance sheet is stable but shows increased reliance on debt funding, which could pose risks if interest rates rise or earnings falter.

Cash Flow

Positive free cash flow growth and a healthy operating cash flow to net income ratio highlight strong cash generation capabilities. The free cash flow to net income ratio is also favorable, indicating efficient cash utilization. However, cash flow from investing activities remains negative, which may impact liquidity if not managed properly. Overall, the cash flow statement indicates robust cash generation with some investment-related cash outflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.83M	17.18M	27.29M	20.90M	21.00M	20.08M
Gross Profit	17.66M	17.18M	16.65M	18.65M	18.77M	16.46M
EBITDA	5.34M	5.65M	6.02M	9.31M	10.67M	8.50M
Net Income	4.69M	4.31M	4.26M	6.55M	7.30M	5.60M
Balance Sheet
Total Assets	556.84M	522.32M	498.68M	445.53M	417.66M	391.28M
Cash, Cash Equivalents and Short-Term Investments	90.00M	89.27M	86.79M	83.39M	104.64M	94.38M
Total Debt	47.00M	41.00M	47.25M	32.00M	23.00M	45.81M
Total Liabilities	506.44M	474.05M	452.26M	402.40M	368.96M	345.73M
Stockholders Equity	50.40M	48.28M	46.42M	43.13M	48.69M	45.55M
Cash Flow
Free Cash Flow	0.00	5.57M	5.24M	6.45M	6.94M	5.79M
Operating Cash Flow	0.00	6.54M	6.17M	7.23M	9.00M	6.47M
Investing Cash Flow	0.00	-21.25M	-51.88M	-50.00M	-26.93M	-33.68M
Financing Cash Flow	0.00	19.45M	47.30M	30.88M	19.00M	30.70M

Northeast Indiana Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.06
• 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 NIDB, the sentiment is Positive. The current price of 21.06 is below the 20-day moving average (MA) of 22.24, below the 50-day MA of 21.44, and above the 200-day MA of 19.35, indicating a bullish trend. The MACD of 0.26 indicates Positive momentum. The RSI at 58.63 is Neutral, neither overbought nor oversold. The STOCH value of 57.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NIDB.

Northeast Indiana Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HFBL	78 Outperform	$58.20M	11.21	8.21%	3.21%	0.32%	37.93%
OPHC	78 Outperform	$66.43M	5.44	15.03%	―	14.91%	0.81%
NIDB	76 Outperform	$53.76M	8.45	9.61%	3.54%	5.28%	35.37%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ASRV	66 Neutral	$63.12M	11.19	4.54%	3.87%	6.89%	―
TCBS	55 Neutral	$48.53M	19.64	4.74%	1.10%	12.12%	―