First Bancorp of Indiana
Market Cap
US$35.8m
Last Updated
2019/08/22 00:09 UTC
Data Sources
Company Financials
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
| FBPI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 2.4% | 2.9% |
| 30 Day | -2.9% | -6.3% | -2.3% |
| 90 Day | -6.1% | -2.1% | 3.1% |
| 1 Year | 7.0%3.7% | -12.4%-14.8% | 2.4%0.2% |
| 3 Year | 40.6%28.0% | 41.7%32.0% | 41.7%32.4% |
| 5 Year | 62.1%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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FBPI | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/22 00:09 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/06/30 |
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.