Northeast Indiana Bancorp, Inc. (NIDB) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Northeast Indiana Bancorp, Inc. (NIDB) trades at $24.00 with AI Score 61/100 (Grade B+). Northeast Indiana Bancorp, Inc. Market cap: $57.5M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Jun 14, 2026Analyst Coverage for NIDB: NIDB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NIDB against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
NIDB: 1/3 scored disciplines lean bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Northeast Indiana Bancorp, Inc. (NIDB) Financial Services Profile
Northeast Indiana Bancorp, Inc. (NIDB) is a regional financial services provider focused on community banking, offering personal and commercial banking solutions with a strong emphasis on customer service and local market expertise.
What Is the Investment Thesis for NIDB?
Northeast Indiana Bancorp, Inc. presents a solid investment thesis driven by its consistent financial performance and strong local market presence. With a market capitalization of $57.5M and a P/E ratio of 8.22, the company demonstrates attractive valuation metrics compared to industry peers. The bank's profit margin of 20.0% and gross margin of 46.0% highlight its operational efficiency and ability to generate income. NIDB's diversified loan portfolio, which includes residential mortgages, commercial loans, and consumer lending products, positions it well for continued growth. Additionally, the bank's commitment to customer service and community engagement fosters customer loyalty, which is crucial for sustaining its competitive edge. As the regional economy continues to recover and grow, NIDB is well-positioned to capitalize on increased lending opportunities. However, investors should remain vigilant regarding regulatory changes and economic conditions that could impact performance.
Based on FMP financials and quantitative analysis
NIDB Key Highlights
Market capitalization of $57.5M indicates a stable presence in the regional banking sector.
- P/E ratio of 8.22 suggests the company is potentially undervalued compared to industry standards.
- Profit margin of 20.0% reflects strong operational efficiency and profitability.
- Gross margin of 46.0% indicates effective cost management and revenue generation capabilities.
- Dividend yield of 3.15% provides a steady income stream for investors.
Who Are NIDB's Competitors?
NIDB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FMBH First Mid Bancshares, Inc. | $50.29 | +0.36% | $1.34B | 85 |
| BFIN BankFinancial Corporation | $12.00 | +0.00% | $150M | 44 |
| CBU Community Bank System, Inc. | $63.13 | -0.02% | $3.32B | 79 |
| HWBK Hawthorn Bancshares, Inc. | $39.44 | +0.19% | $272M | 92 |
| FRAF Franklin Financial Services Corporation | $62.10 | +0.40% | $279M | 92 |
| FUNC First United Corporation | $43.35 | -0.55% | $280M | 92 |
| ATLO Ames National Corporation | $31.73 | +1.44% | $281M | 92 |
| FDBC Fidelity D & D Bancorp, Inc. | $54.33 | +0.15% | $315M | 91 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NIDB's Key Strengths?
Strong local presence with established customer relationships.
- Diverse range of banking and financial services.
- Solid financial performance with healthy profit margins.
- Commitment to community engagement and customer service.
What Are NIDB's Weaknesses?
Limited geographic reach outside of Northeast Indiana.
- Dependence on traditional banking services in a digital age.
- Potential challenges in attracting younger customers.
- Lower liquidity due to OTC market listing.
What Could Drive NIDB Stock Higher?
Expansion of digital banking services to enhance customer engagement.
- Strong local market presence driving consistent loan demand.
- Continued focus on community engagement initiatives to build brand loyalty.
- Potential growth in commercial lending as the regional economy improves.
- Diversification of financial advisory services to attract high-net-worth clients.
What Are the Key Risks for NIDB?
Financial-distress signal — its Altman Z-Score of 0.20 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns could impact loan demand and credit quality.
- Intense competition from larger banks may pressure margins.
- Regulatory changes could affect operational practices and profitability.
- Lower liquidity in the OTC market may impact trading dynamics.
What Are the Growth Opportunities for NIDB?
- Expansion of Digital Banking Services: Northeast Indiana Bancorp, Inc. can capitalize on the growing trend of digital banking by enhancing its online and mobile banking platforms. The digital banking market is projected to grow at a CAGR of 8.5% through 2025, driven by increasing consumer demand for convenient banking solutions. By investing in technology and improving user experience, NIDB can attract younger customers and retain existing ones, thereby increasing its deposit base and loan origination.
- Increased Commercial Lending: As the economy recovers, there is a growing demand for commercial loans among small and medium-sized enterprises (SMEs). NIDB's diverse loan products, including SBA loans and equipment financing, position it well to capture this market. The commercial lending sector is expected to grow at a CAGR of 6% over the next five years, providing NIDB with significant growth potential as it expands its offerings to local businesses.
- Wealth Management Services Growth: NIDB's financial advisory services, including wealth management and retirement planning, present an opportunity for revenue diversification. The wealth management industry is projected to grow at a CAGR of 7% through 2026, driven by increasing consumer awareness of financial planning. By enhancing its wealth management offerings and targeting high-net-worth individuals, NIDB can increase fee-based income and strengthen client relationships.
- Mortgage Lending Opportunities: The housing market in Indiana continues to show resilience, with an increase in home purchases and refinances. NIDB can leverage this trend by promoting its mortgage products, which include home purchases and refinancing options. The mortgage lending market is expected to grow by 5% annually, providing NIDB with a steady stream of income as it captures a larger share of the local housing market.
- Community Engagement Initiatives: NIDB's strong community presence allows it to engage in local initiatives that can enhance its brand reputation and customer loyalty. By sponsoring local events, supporting community projects, and offering financial education programs, NIDB can strengthen its ties to the community. This engagement can lead to increased customer acquisition and retention, ultimately driving growth in deposits and loans.
What Threats Does NIDB Face?
- Intense competition from larger regional and national banks.
- Regulatory changes impacting banking operations and profitability.
- Economic downturns affecting loan demand and credit quality.
- Market volatility impacting investment and advisory services.
What Are NIDB's Competitive Advantages?
- Established brand recognition and reputation in the Northeast Indiana market.
- Strong customer relationships built through personalized service and community engagement.
- Diverse product offerings that cater to both individual and commercial clients.
- Local knowledge and expertise in regional economic conditions and customer needs.
What Does NIDB Do?
Northeast Indiana Bancorp, Inc. was incorporated in 1995 and serves as the parent company for First Federal Savings Bank, headquartered in Huntington, Indiana. The company has established itself as a key player in the regional banking sector, providing a comprehensive suite of banking and financial advisory services tailored to the needs of its clients. NIDB operates a network of five full-service branches in Huntington, two in Warsaw, and two in Fort Wayne, Indiana, allowing it to cater to a diverse clientele across the region. The bank offers a variety of personal banking products, including checking and savings accounts, retirement accounts, health savings accounts, and certificates of deposit. Its loan portfolio is extensive, featuring mortgage options for home purchases, refinances, new constructions, and home equity projects, as well as installment loans for vehicles and personal needs. For commercial clients, NIDB provides various loan products, including lines of credit, letters of credit, equipment financing, construction loans, and Small Business Administration (SBA) loans. Additionally, the bank offers debit and credit cards, safe deposit boxes, online banking capabilities, and cash management solutions. NIDB also provides financial advisory services, including brokerage accounts, retail investment funds, wealth management products, insurance offerings, and retirement planning. The company’s focus on community banking and customer service has allowed it to build a loyal customer base and maintain a strong presence in the Northeast Indiana market.
What Products and Services Does NIDB Offer?
- Operate as the parent company for First Federal Savings Bank.
- Provide a range of personal banking products, including checking and savings accounts.
- Offer diverse loan products, including mortgages and commercial loans.
- Deliver financial advisory services to individuals and businesses.
- Facilitate online banking and cash management solutions.
- Engage in community banking with a focus on customer service.
How Does NIDB Make Money?
- Generate revenue through interest income from loans and mortgages.
- Earn fees from financial advisory and wealth management services.
- Collect service fees for account maintenance and transaction processing.
- Receive income from debit and credit card transactions.
- Offer competitive interest rates to attract deposits and maintain liquidity.
What Industry Does NIDB Operate In?
The regional banking industry is experiencing a shift towards digital banking solutions while maintaining traditional banking services. As consumers increasingly demand personalized banking experiences, institutions like Northeast Indiana Bancorp, Inc. are focusing on enhancing customer service and expanding their product offerings. The competitive landscape includes both local community banks and larger regional banks, with an emphasis on customer relationships and community involvement as key differentiators. The overall market for regional banks is expected to grow as economic conditions improve, and lending activity increases, providing opportunities for banks like NIDB to expand their market share.
Who Are NIDB's Key Customers?
- Individual clients seeking personal banking and financial advisory services.
- Small and medium-sized enterprises (SMEs) requiring commercial loans and banking solutions.
- High-net-worth individuals looking for wealth management and investment services.
- Local residents interested in community banking with personalized service.
- Businesses needing cash management and treasury services.
Northeast Indiana Bancorp, Inc. Financial Trajectory
Northeast Indiana Bancorp, Inc. (NIDB) reported $8.6M in revenue for Q2 2026, reflecting 2.5% growth compared to the prior quarter. The company recorded net income of $1.9M, with diluted EPS of $0.80. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Financial Services. Across the four most recent quarters, NIDB averaged $0.75 in diluted EPS.
Company Profile
Northeast Indiana Bancorp, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Huntington, US. The company is led by CEO Michael S. Zahn. NIDB has traded publicly since 1995.
How Northeast Indiana Bancorp, Inc. Is Valued
Northeast Indiana Bancorp, Inc. carries a market capitalization of $57.5M, placing it in the micro-cap category. Relative to its peer group, NIDB's quantitative score of 61/100 is below the peer average of 78/100.
Key Financial Metrics
Return on equity for Northeast Indiana Bancorp, Inc. stands at 12.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.2%, showing how much profit it generates from its asset base. NIDB trades at a trailing price-to-earnings ratio of 8.22, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 12.2%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Northeast Indiana Bancorp, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.20 places it in the distress zone, a signal of elevated financial risk.
NIDB Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- NIDB's recent insider buying suggests those in the know see long-term value, a classic bullish signal.
- Community sentiment shows increasing optimism about NIDB's local market focus and community ties.
- NIDB's strong relationships in the Northeast Indiana region could provide a competitive advantage.
- Positive chatter indicates a growing belief that NIDB is undervalued compared to its peers in similar markets.
Bear Case
- Some community members express concern over NIDB's growth strategy, questioning its scalability beyond its core region.
- Recent market volatility has led to general anxiety, impacting even fundamentally sound stocks like NIDB.
- There's a perception that NIDB's reliance on a specific geographic area makes it vulnerable to regional economic downturns.
- A segment of the community believes larger banks pose a significant competitive threat to NIDB's market share.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $9M | $2M | $0.80 |
| Q1 2026 | $8M | $2M | $0.68 |
| Q4 2025 | $9M | $2M | $0.75 |
| Q3 2025 | $9M | $2M | $0.76 |
Based on FMP financials and quantitative analysis
NIDB Latest News
No recent news available for NIDB.
NIDB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NIDB.
Price Targets
Wall Street price target analysis for NIDB.
NIDB MoonshotScore
What does this score mean?
The MoonshotScore rates NIDB 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Michael S. Zahn
CEO
Michael S. Zahn has extensive experience in the banking industry, having held various leadership roles throughout his career. He has a strong background in financial services and has been instrumental in guiding Northeast Indiana Bancorp, Inc. since its inception. With a focus on community banking, Zahn emphasizes customer service and operational efficiency.
Track Record: Under Michael S. Zahn's leadership, NIDB has expanded its branch network and enhanced its service offerings, resulting in consistent financial performance. His strategic decisions have contributed to the bank's solid market position in Northeast Indiana.
NIDB OTC Market Information
The OTC Other tier indicates that Northeast Indiana Bancorp, Inc. trades on the over-the-counter market, which typically has less stringent reporting requirements compared to major exchanges like NYSE or NASDAQ. This can result in lower visibility and potentially less liquidity for investors.
- OTC Tier: OTC Other
- Lower liquidity compared to stocks listed on major exchanges, which may affect trading.
- Less stringent reporting standards could lead to less transparency in financial performance.
- Potential for higher volatility due to lower trading volumes.
- Regulatory risks associated with OTC market listings.
- Review recent financial statements and performance metrics.
- Assess the company's regulatory filings for compliance.
- Evaluate the competitive landscape and market position.
- Monitor economic conditions in the Northeast Indiana region.
- Investigate management's track record and strategic vision.
- Established history since 1995 with a focus on community banking.
- Local presence with multiple branches in Northeast Indiana.
- Transparent communication of financial performance through available reports.
Northeast Indiana Bancorp, Inc. Financial Services Stock: Key Questions Answered
What does the AI Score mean for NIDB?
NIDB holds an AI Score of 61/100 (Grade: B+). This is an educational research signal, not a buy or sell recommendation. Northeast Indiana Bancorp, Inc. (NIDB) is the parent company of First Federal Savings Bank, providing a wide range of banking and financial services in Northeast Indiana. With a strong local …
What does Northeast Indiana Bancorp, Inc. do?
Northeast Indiana Bancorp, Inc. operates as the parent company of First Federal Savings Bank, providing a wide range of banking services including personal and commercial accounts, loans, and financial advisory services. With a focus on community banking, the company serves individual clients and businesses primarily in Northeast Indiana.
What is Northeast Indiana Bancorp, Inc.'s credit quality and risk management approach?
Northeast Indiana Bancorp, Inc. maintains a diversified loan portfolio, which includes residential mortgages, commercial loans, and consumer lending products. The company employs rigorous risk management frameworks to assess credit quality, including regular reviews of loan performance and provision levels to mitigate potential losses.
What are the main risks for NIDB?
Northeast Indiana Bancorp, Inc. faces several risks, including economic downturns that could affect loan demand and credit quality, intense competition from larger banks impacting profit margins, and regulatory changes that may alter operational practices. Additionally, the company's OTC market listing presents liquidity risks that could affect trading dynamics.
What are the key factors to evaluate for NIDB?
Northeast Indiana Bancorp, Inc. (NIDB) holds an AI score of 61/100 (moderate). presents a solid investment thesis driven by its consistent financial performance and strong local market presence. Not financial advice.
How frequently does NIDB data refresh on this page?
NIDB's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven NIDB's recent stock price performance?
Northeast Indiana Bancorp, Inc. (NIDB) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong local presence with established customer relationships. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NIDB overvalued or undervalued right now?
Northeast Indiana Bancorp, Inc. (NIDB) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research NIDB before investing?
Before investing in Northeast Indiana Bancorp, Inc. (NIDB), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The company operates in a competitive regional banking market with specific local economic conditions affecting performance.