Northeast Indiana Bancorp Announces Cash Dividend and Share Buyback Initiative

Northeast Indiana Bancorp Implements Dividend and Share Buyback

On July 23, 2025, Northeast Indiana Bancorp, Inc. (OTCQB: NIDB), the parent company of First Federal Savings Bank, made an important announcement regarding its financial strategies, aimed at rewarding shareholders and enhancing corporate value. The company declared it will distribute a cash dividend of $0.18 per common share, which is scheduled to be paid on August 21, 2025. This dividend payment will be made to shareholders who are on record as of August 7, 2025.

In addition to the dividend announcement, the company’s Board of Directors has also approved a 5% share repurchase plan, equating to about 120,000 shares. This decision was made during their annual meeting on April 22, 2025. President and CEO Mike Zahn expressed satisfaction with the company's capacity to uphold rewarding dividends while executing the share repurchase initiative. He stated, "We are pleased to be in a position to continue to provide a strong dividend along with the opportunity to repurchase shares as part of our capital management plan to enhance shareholder value."

For context, as of July 22, 2025, the company has already repurchased 9,393 shares under this plan. Calculating the market's response, the book value of NIDB's stock was reported at $21.03 per share on June 30, 2025. Notably, the last trade price before this announcement closed at $17.50 per share, which shows a significant investment opportunity considering the dividend's annualized yield of 4.11% based on the annualization of the current quarter's cash dividend. This yield is derived from the current closing price against the declared dividend amount.

Founded in Huntington, Indiana, Northeast Indiana Bancorp operates from its headquarters located at 648 N. Jefferson Street, and serves a wide geographical area with a comprehensive range of banking and financial brokerage services. Its main office is in Huntington, complemented by additional full-service offices in Warsaw and Fort Wayne, thus enabling robust community support and efficient service delivery to their customers.

As the Bancorp continues to make waves in the financial sector, it remains listed on the OTC Markets Group under the symbol "NIDB". The latest developments are projected to positively impact investor confidence and strengthen the company's market position.

More details can be accessed through their official website at firstfedindiana.bank. Through the strategic drive towards rewarding its shareholders and effectively managing capital, Northeast Indiana Bancorp is poised to navigate the financial landscape efficiently while maximizing shareholder value.