NORTHEAST INDIANA BANCORP, INC. ANNOUNCES THIRD QUARTER 2023 EARNINGS

October 26, 2023

HUNTINGTON, Ind., Oct. 26, 2023 /PRNewswire/ — Northeast Indiana Bancorp, Inc. (OTCQB:  NIDB), the parent company of First Federal Savings Bank, today announced net income for the nine months ended September 30, 2023, was $3.5 million, or $1.46 per diluted common share, compared to net income of $5 million, or $2.08 per diluted common share for the nine months ended September 30, 2022.  The current nine months earnings equate to an annualized ROA of 1.01% and an annualized ROE of 10.72% compared to an annualized ROA of 1.58% and an annualized ROE of 14.94% for the nine months ended September 30, 2022. 

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