OTCPK:FBPI

Stock Analysis Report

First Bancorp of Indiana

Executive Summary

First Bancorp of Indiana, Inc. operates as the bank holding company for First Federal Savings Bank that provides various banking products and services to individuals and business customers in Southwestern Indiana.

Snowflake

Fundamentals

Excellent balance sheet with questionable track record.

Risks

  • First Bancorp of Indiana is not covered by any analysts.

Share Price & News

How has First Bancorp of Indiana's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:FBPI

2.4%

US Banks

2.9%

US Market


1 Year Return

3.7%

OTCPK:FBPI

-14.8%

US Banks

0.2%

US Market

FBPI outperformed the Banks industry which returned -15.3% over the past year.

FBPI outperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FBPIIndustryMarket
7 Day0%2.4%2.9%
30 Day-2.9%-6.3%-2.3%
90 Day-6.1%-2.1%3.1%
1 Year7.0%3.7%-12.4%-14.8%2.4%0.2%
3 Year40.6%28.0%41.7%32.0%41.7%32.4%
5 Year62.1%36.4%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is First Bancorp of Indiana's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First Bancorp of Indiana undervalued based on future cash flows and its price relative to the stock market?

33.46x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

First Bancorp of Indiana's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

First Bancorp of Indiana's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

First Bancorp of Indiana is overvalued based on earnings compared to the US Banks industry average.

First Bancorp of Indiana is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for First Bancorp of Indiana, we can't assess if its growth is good value.


Price Based on Value of Assets

First Bancorp of Indiana is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Bancorp of Indiana expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if First Bancorp of Indiana is high growth as no revenue estimate data is available.

First Bancorp of Indiana's earnings are expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).

Unable to compare First Bancorp of Indiana's revenue growth to the United States of America market average as no estimate data is available.

First Bancorp of Indiana's earnings growth is expected to exceed the United States of America market average.

First Bancorp of Indiana's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Bancorp of Indiana will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has First Bancorp of Indiana performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Bancorp of Indiana's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

First Bancorp of Indiana's 1-year earnings growth exceeds its 5-year average (119.9% vs -4.7%)

First Bancorp of Indiana's earnings growth has exceeded the US Banks industry average in the past year (119.9% vs 33.2%).


Return on Equity

First Bancorp of Indiana has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Bancorp of Indiana used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Bancorp of Indiana improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First Bancorp of Indiana's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

First Bancorp of Indiana has an acceptable proportion of non-loan assets held.

First Bancorp of Indiana has a low allowance for bad loans.

First Bancorp of Indiana's liabilities are made up of primarily low risk sources of funding.

First Bancorp of Indiana's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at First Bancorp of Indiana are broadly funded by customer deposits.

First Bancorp of Indiana has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is First Bancorp of Indiana's current dividend yield, its reliability and sustainability?

3.03%

Current Dividend Yield


Dividend Yield and Payments Analysis

First Bancorp of Indiana's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

First Bancorp of Indiana's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been stable in the past 10 years.

No dividend growth in 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First Bancorp of Indiana's salary, the management and board of directors tenure and is there insider trading?

15.1yrs

Average management tenure


CEO

Mike Head (61yo)

15.1yrs

Tenure

US$384,834

Compensation

Mr. Michael H. Head, also known as Mike, has been Chief Executive Officer and President of First Federal Savings Bank since July 2004. Mr. Head has been President and Chief Executive Officer at First Banco ...


CEO Compensation Analysis

Mike's remuneration is about average for companies of similar size in United States of America.

Mike's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

15.1yrs

Average Tenure

63yo

Average Age

The average tenure for the First Bancorp of Indiana management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.7yrs

Average Tenure

62yo

Average Age

The average tenure for the First Bancorp of Indiana board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Mike Head (61yo)

    President

    • Tenure: 15.1yrs
    • Compensation: US$384.83k
  • Monica Stinchfield (63yo)

    • Tenure: 20.9yrs
  • Jeff Smith (63yo)

    Treasurer & CFO

    • Tenure: 15.1yrs
    • Compensation: US$222.47k
  • Ruth Orth

    Corporate Secretary

    • Tenure: 0.0yrs
  • Jennifer Singleton

    Senior Vice President of First Federal Savings Bank

    • Tenure: 7.3yrs
  • Christy McBride

    Executive VP & COO

    • Tenure: 1.9yrs
    • Compensation: US$149.07k

Board Members

  • Mike Head (61yo)

    President

    • Tenure: 15.1yrs
    • Compensation: US$384.83k
  • Gregory Haag (66yo)

    Director

    • Tenure: 12.8yrs
    • Compensation: US$22.70k
  • Jim Will (61yo)

    Chairman of the Board

    • Tenure: 8.6yrs
    • Compensation: US$91.03k
  • Skip Seaman (62yo)

    Vice Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: US$26.68k
  • David Gunn (70yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: US$23.62k
  • Timothy Flesch (68yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: US$23.90k
  • Amy Barron (41yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$21.65k
  • Randy Schulz (62yo)

    Director

    • Tenure: 4.1yrs
    • Compensation: US$25.68k
  • Dharmesh Patel (40yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$22.80k
  • John Zeidler

    Director

    • Tenure: 0.0yrs

Company Information

First Bancorp of Indiana, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Bancorp of Indiana, Inc.
  • Ticker: FBPI
  • Exchange: OTCPK
  • Founded: 1904
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$35.822m
  • Shares outstanding: 1.75m
  • Website: https://www.firstfedevansville.com

Location

  • First Bancorp of Indiana, Inc.
  • 5001 Davis Lant Drive
  • Evansville
  • Indiana
  • 47715
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBPIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1999

Biography

First Bancorp of Indiana, Inc. operates as the bank holding company for First Federal Savings Bank that provides various banking products and services to individuals and business customers in Southwestern  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 00:09
End of Day Share Price2019/08/21 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.