First Bncp Ind (FBPI) 14.4000 $FBPI
First Bancorp of Indiana, Inc. Announces Financial Results
Marketwire - Fri Apr 18, 3:30PM CDT
First Bancorp of Indiana, Inc. (OTCBB: FBPI), the holding company for First Federal Savings Bank, reported earnings of $412,000 for the quarter ended March 31, 2014. Although lower than the $471,000 for the same quarter last year, net income improved from the $321,000 reported last quarter. The Company recognized earnings of $1,033,000 through the first nine months of fiscal 2014, down from $1,252,000 for the same period in fiscal 2013. The lower fiscal 2014 comparative results were due largely to reduced gains from sales of newly originated mortgage loans as refinancing activity slowed significantly. The slowdown led to a 19.5% decrease in noninterest income for the quarter and a 13.4% decline for the fiscal year to date. Although residential mortgage activity remains well below pre-recession levels, net loans grew 8.2% over the past 12 months contributing to a 10.5% improvement in net interest income for the comparative quarters.
First Bancorp of Indiana, Inc. Announces Quarterly Cash Dividend
Marketwire - Mon Feb 24, 3:30PM CST
The Board of Directors of First Bancorp of Indiana, Inc. (OTCBB: FBPI) has declared a quarterly cash dividend of $0.155 per share, payable to stockholders of record as of March 6, 2014. The dividend will be paid on or about March 14, 2014. The annual dividend rate on this quarterly declaration is unchanged from the preceding quarter and results in an annualized dividend yield of 4.3% based on the $14.40 share price for the last reported trade as of February 21, 2014.
First Bancorp of Indiana, Inc. Announces Financial Results
Marketwire - Fri Apr 18, 3:30PM CDT
First Bancorp of Indiana, Inc. (OTCBB: FBPI), the holding company for First Federal Savings Bank, reported earnings of $412,000 for the quarter ended March 31, 2014. Although lower than the $471,000 for the same quarter last year, net income improved from the $321,000 reported last quarter. The Company recognized earnings of $1,033,000 through the first nine months of fiscal 2014, down from $1,252,000 for the same period in fiscal 2013. The lower fiscal 2014 comparative results were due largely to reduced gains from sales of newly originated mortgage loans as refinancing activity slowed significantly. The slowdown led to a 19.5% decrease in noninterest income for the quarter and a 13.4% decline for the fiscal year to date. Although residential mortgage activity remains well below pre-recession levels, net loans grew 8.2% over the past 12 months contributing to a 10.5% improvement in net interest income for the comparative quarters.
First Bancorp of Indiana, Inc. Announces Quarterly Cash Dividend
Marketwire - Mon Feb 24, 3:30PM CST
The Board of Directors of First Bancorp of Indiana, Inc. (OTCBB: FBPI) has declared a quarterly cash dividend of $0.155 per share, payable to stockholders of record as of March 6, 2014. The dividend will be paid on or about March 14, 2014. The annual dividend rate on this quarterly declaration is unchanged from the preceding quarter and results in an annualized dividend yield of 4.3% based on the $14.40 share price for the last reported trade as of February 21, 2014.
