First Bancorp of Indiana (FBPI) AI Stock Analysis

First Bancorp of Indiana

(Other OTC:FBPI)

Select Model

Rating:54Neutral

Price Target:$15.50▲(6.82% Upside)

Action:reiterated

Date:09/26/26

The overall score is constrained by significant financial weaknesses, primarily the negative cash flow generation which poses a fundamental risk. While the company has successfully deleveraged its balance sheet, this is overshadowed by the inability to convert income to cash. Positive technical trends and a reasonable valuation provide some support, but the core financial health remains a major concern.

Positive Factors

Improved LeverageThe substantial reduction in debt-to-equity strengthens financial stability and gives the bank greater flexibility to manage credit cycles, fund lending, and absorb earnings volatility. Lower leverage can also reduce balance-sheet risk and improve the durability of future capital allocation.

Negative Factors

Negative Cash GenerationNegative operating and free cash flow raise concerns about the consistency and quality of earnings, even while reported net income remains positive. If sustained, weaker cash generation could constrain internal funding capacity and reduce flexibility for lending, investment, or capital returns.

First Bancorp of Indiana (FBPI) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $24.76M
Dividend Yield: 2.01%
Average Volume (3M): 1,228
Price to Earnings (P/E): 13.6
Beta (1Y): 0.00
Revenue Growth: ―
EPS Growth: ―
Country: US
Employees: 91
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

First Bancorp of Indiana Business Overview & Revenue Model

Company Description

As the parent entity for First Federal Savings Bank, First Bancorp of Indiana, Inc. delivers a comprehensive suite of banking solutions to both personal and commercial clients. The corporation facilitates diverse deposit accounts and extends a broad...

How the Company Makes Money

FBPI makes money primarily through its banking subsidiary by generating net interest income and noninterest income. Net interest income is earned from the spread between interest and fees collected on loans and interest-bearing securities (such as re...

First Bancorp of Indiana Financial Statement Overview

Summary

Financial performance is weak. The Income Statement (Score: 45) shows volatile revenue and significantly deteriorating profitability. The Balance Sheet (Score: 55) has improved due to deleveraging, but returns remain low. Critically, the Cash Flow Statement (Score: 25) reveals negative operating and free cash flow, indicating poor cash conversion and potential liquidity strain.

Income Statement

45Neutral

Balance Sheet

55Neutral

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2025	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	30.36M	18.38M	34.13M	18.48M	27.46M	23.27M
Gross Profit	19.52M	18.38M	20.04M	18.48M	19.73M	20.05M
EBITDA	1.20M	714.52K	2.59M	2.24M	3.95M	5.30M
Net Income	1.58M	1.17M	1.82M	1.53M	2.85M	3.79M
Balance Sheet
Total Assets	579.89M	605.75M	577.71M	635.32M	631.34M	480.87M
Cash, Cash Equivalents and Short-Term Investments	0	0	15.61M	8.57M	13.37M	9.01M
Total Debt	81.00M	76.95M	61.99M	129.89M	129.83M	65.16M
Total Liabilities	543.43M	572.42M	539.71M	603.78M	599.33M	439.32M
Stockholders Equity	36.46M	33.34M	38.00M	31.54M	32.01M	41.55M
Cash Flow
Free Cash Flow	0	2.25M	-880.11K	669.73K	64.85K	4.05M
Operating Cash Flow	0	2.73M	-421.22K	1.58M	1.66M	4.56M
Investing Cash Flow	0	34.86M	29.70M	-7.32M	-106.86M	17.44M
Financing Cash Flow	0	-32.58M	-34.41M	2.36M	110.02M	2.84M

First Bancorp of Indiana Technical Analysis

Technical Analysis SentimentPositive

Last Price14.51

Price Trends

50DMA14.60Negative

100DMA14.44Positive

200DMA13.83Positive

Market Momentum

MACD-0.02Negative

RSI50.08Neutral

STOCH90.20Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBPI, the sentiment is Positive. The current price of 14.51 is above the 20-day moving average (MA) of 14.42, below the 50-day MA of 14.60, and above the 200-day MA of 13.83, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 50.08 is Neutral, neither overbought nor oversold. The STOCH value of 90.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FBPI.

First Bancorp of Indiana Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

FBPI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
KFFB	62Neutral	$43.18M	22.64	3.86%	0.94%	8.69%	958.30%
FBPI	54Neutral	$24.76M	13.55	4.94%	2.01%	―	―
GLBZ	52Neutral	$12.19M	-154.13	-0.39%	―	17.13%	-395.56%
SHFS	39Underperform	$1.55M	-0.01	-52.68%	―	-28.59%	94.79%

* Financial Sector Average

Performance Comparison

FBPI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FBPI	First Bancorp of Indiana	14.50	3.30	29.51%
CARV	Carver Bancorp	1.85	-1.29	-41.08%
GLBZ	Glen Burnie	4.17	-0.52	-10.98%
KFFB	Kentucky First Federal	5.34	1.39	35.12%
SHFS	Shf Holdings Inc.	0.06	-27.90	-99.78%
MBBC	Marathon Bancorp, Inc.	14.44	3.54	32.43%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 26, 2026

First Bancorp of Indiana AI Stock Analysis