First Bancorp of Indiana, Inc. Announces Suspension of Quarterly Cash Dividend
First Bancorp of Indiana, Inc. (FBPI)
Company Research
Source: GlobeNewswire
EVANSVILLE, Ind., July 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First Bancorp of Indiana, Inc. (OTCPK:FBPI) (the “Company”), the holding company for First Federal Savings Bank (the “Bank”), announced today that the Company’s Board of Directors has voted to suspend the payment of the quarterly cash dividend on the Company’s common stock. Michael H. Head, President and Chief Executive Officer of the Company stated, “The suspension of our quarterly dividend is disappointing. While at June 30, 2024 the Bank’s Tier 1, Tier 1 Risk Based and Total Risk Based Capital ratios are 8.24%, 11.44% and 12.66%, respectively. The decision to discontinue dividend payments is being made as part of an effort to enhance capital levels, liquidity and earnings, and better position the Bank to reduce higher funding costs. The Board continues to believe in a strong dividend policy and intends to re-evaluate on a regular basis the payment of a quarterly dividend.” Forward-Looking Statements T
Show less
Read more
Impact Snapshot
Event Time:
FBPI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FBPI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FBPI alerts
High impacting First Bancorp of Indiana, Inc. news events
Weekly update
A roundup of the hottest topics