IBBI Indiana Business Bancorp featured news, full reports, and detailed charts
Indiana Business Bancorp (IBBI/IBBI.OB) Wrap Up:
Indiana Business Bancorp operates as the holding for Indiana Business Bank, a commercial bank, which provides various personal and business banking products and services to small to medium-sized businesses and professional services firms in Indianapolis, Indiana. Its deposit products include checking account, savings account, money market account, certificates of deposit, and individual retirement accounts. The bank’s credit services include working capital financing, equipment financing, real estate loans, construction loans, business credit line, SBA loans, Visa business card, personal loans, home equity line, overdraft protection, lines of credit, and credit cards. It also offers accounts...Indiana Business Bancorp (IBBI:OTC Bulletin Board Market)
Snapshot of Indiana Business Bancorp (IBBI)
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OPEN
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PREVIOUS CLOSE
$4.00
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
12/9/08 - $5.00
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52 WEEK LOW
04/3/09 - $1.10
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MARKET CAP
5.9M
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AVERAGE VOLUME 3 mo
230.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
1.5M
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IBBI Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
IBBI Top Compensated Officers
Executives, Board Directors
Key developments for Indiana Business Bancorp (IBBI)
Indiana Business Bancorp reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net interest income improved 21% to $803,065 from $661,164 for the second quarter of 2008. Net loss was $37,907 or $0.03 loss per share compared to a loss of $163,191 or $0.11 loss per share reported for the same period of last year. For the six months, the company reported net loss of $70,159 or $0.05 loss per share compared to a loss of $149,249 or $0.10 loss per share reported for the same period of last year. Net interest income was $1,543,615 compared to $1,326,636 reported for the same period of last year.
Indiana Business Bancorp reported unaudited earnings results for the first quarter ended March 31, 2009. For the period, the company's net profit was $32,252. This compares to a $13,942 profit for the quarter ending March 31, 2008. Net interest income grew 11%, year over year, from $665,472 to $740,550. The company's net interest income improved, compared to the prior year period, despite a much lower interest rate environment, due to increased loan volume and a reduction in funding costs. On a per share basis the net profit for the first quarter of 2009 was $0.02 per basic share, a slight increase over 2008.
Indiana Business Bancorp reported earnings results for the third quarter and nine months ended September 30, 2008. The net loss for the quarter was $476,582 or $0.32 loss per share compared to a loss of $2,763 reported for the same period in 2007. Net interest income was $717,726, an 11% increase from $644,117 in the third quarter of 2007. The increase is attributed to growth in the loan and investment portfolios. The Bank has recorded a year to date loss of $625,831 or $0.42 loss per share compared to a profit of $17,990 or $0.01 per share for the nine months ending September 30, 2007. The year to date loss is a result of the repossession and subsequent $627,000 write down of two separate real estate properties-an owner occupied retail facility and a multi-family housing project. Net interest income was $2,044,362 against $1,892,634 for the same period in 2007.
IBBI Competitors
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Industry Analysis
| Valuation | IBBI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.6x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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IBBI |
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More Recent News About Indiana Business Bancorp
More news for IBBI
Indiana Business Bancorp Reports Second Quarter Results of Operations and Continued Year to Date Profitability
    UNAUDITED    As of and for theThree Months Ending June 30    As of and for the Six Months Ending June 30 Operating Data  2009  2008    2009  2008 Net Interest Income  803,065  661,164     1,543,615  1,326,636  Provision for Loan Losses  40,000  142,709 ...Click here to read the whole Article (external link)