Northeast Indiana Bancorp, Inc. Raises Quarterly Cash Dividend for 31st Consecutive Year

Northeast Indiana Bancorp, Inc. Increases Quarterly Cash Dividend

On October 29, 2025, Northeast Indiana Bancorp, Inc. (OTCQB: NIDB), the parent organization of First Federal Savings Bank, proudly reported an increase in its quarterly cash dividend. This marks the 31st consecutive year of growth of cash dividends for the company, a significant milestone that highlights its long-standing commitment to shareholders.

The new cash dividend is set at $0.19 per common share, reflecting an increase of $0.01 per share, or 5.56%, from the previous dividend rate. Michael S. Zahn, the President and CEO of the company, expressed satisfaction with this achievement, stating, "We are pleased to reward our shareholders with our 31st consecutive year of increasing our cash dividend. Due to our continued strong financial performance and capital levels, the Board of Directors feels the dividend increase is warranted."

This announcement is indicative of Northeast Indiana Bancorp’s ongoing financial health and operational success. The cash dividends are scheduled for distribution on November 28, 2025, to those shareholders recorded as of November 13, 2025. Investors will note that this translates to an annualized dividend yield of 3.80%, based on a recent closing price of $20.00 per share recorded on October 28, 2025.

Financial metrics compiled as of September 30, 2025, showcase a book value of NIDB's stock at $22.37 per common share, further consolidating its position in the competitive banking environment. With a total of approximately 2,376,066 shares outstanding, this dividend increase signifies not only a reward for existing shareholders but also reflects a robust operational strategy paving the way for sustained growth.

Northeast Indiana Bancorp, Inc. operates out of its headquarters located at 648 N. Jefferson Street, Huntington, Indiana. The corporation delivers a comprehensive suite of banking and financial brokerage services through its nine full-service offices strategically placed across Indiana, which includes locations in Huntington, Warsaw, Fort Wayne, and Roanoke.

The company is traded on the OTC Markets Group monitoring platform under the symbol "NIDB," demonstrating its commitment to transparency and accessibility for investors. Interested individuals can find more information regarding their offerings on their dedicated website at www.firstfedindiana.bank.

Commitment to Growth

The consistent increase in dividends can be viewed not just as an immediate benefit for shareholders, but also as a strategic move aimed at attracting new investors while maintaining current stakeholder confidence. Such measures are crucial in today's challenging financial landscape, where trust and proven reliability are paramount.

In conclusion, Northeast Indiana Bancorp's announcement emphasizes its dedication to rewarding its shareholders while maintaining a solid financial footing. The continuous rise in cash dividends over 31 years stands as a testament to its prudently managed growth strategy and operational excellence. Investors and stakeholders alike can remain optimistic about the company's future as it paves the way toward further accomplishments in the ever-evolving banking sector.