The Huntington-based lender saw its diluted earnings per share climb to $0.80, up from $0.69 in the second quarter of 2025. This growth in profitability was supported by a stronger net interest margin of 3.70%, compared to 3.35% a year prior. For the first six months of the year, the company’s net income reached $3.5 million, significantly outpacing the $2.7 million recorded in the first half of 2025.
Northeast Indiana Bancorp Posts Higher Profits in Second Quarter
Northeast Indiana Bancorp, the parent company of First Federal Savings Bank, reported net income of $1.87 million for the second quarter of 2026. This performance marks a notable increase from the $1.64 million earned during the same period last year, driven by a rise in net interest income.
Despite the earnings growth, the bank’s balance sheet saw a contraction in total assets, which dipped to $553.9 million from $559.3 million at the end of last year. Net loans also saw a decline, settling at $412.6 million. On the other hand, the company strengthened its capital position, as shareholders' equity rose to $56.7 million and the book value of NIDB stock improved to $24.11 per share by the end of June.
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