Isabella Stock Price, News & Analysis

Isabella Bank Corporation (ISBA) announced its upcoming listing on the Nasdaq Capital Market, effective May 12, 2025. The company's stock will continue trading under the symbol "ISBA" but will transition from the OTCQX market, where it will remain listed through May 9, 2025. CEO Jerome Schwind highlighted that the Nasdaq listing is expected to enhance stock liquidity and visibility to potential investors. The move to Nasdaq, which trades more shares daily than any other U.S. equities market and lists approximately 3,300 public companies, represents a strategic step in building the company's franchise value and long-term shareholder value.

Isabella Bank Corporation (OTCQX:ISBA) has announced an expansion of its share repurchase program, adding 500,000 shares to the authorization. This increase brings the total available shares for repurchase to 538,448. Since the program's inception in 2007, the company has repurchased 2,554,126 shares. The program has no expiration date, and share repurchases will be executed based on various factors including share price, market conditions, share availability, and needs under the employee stock purchase and dividend reinvestment plan.

Isabella Bank (OTCQX: ISBA) demonstrated strong financial performance in Q1 2025, as reported in Stonegate Capital Partners' updated coverage. The bank maintained steady total loans at $1.37B, driven by growth in residential and commercial sectors, offsetting decreased mortgage broker advances.

Key financial metrics showed improvement with Net Interest Margin (NIM) rising to 3.06% from 2.79% year-over-year, and Return on Assets (ROA) increasing to 0.77% from 0.61%. The bank achieved a 7% annualized growth in commercial and industrial loans. Wealth Management fees saw a 4.3% year-over-year increase despite flat Assets Under Management (AUM).

The bank maintained an attractive dividend yield of 4.3%, surpassing the peer average of 3.2%, while demonstrating operational resilience amid economic uncertainties and interest rate fluctuations.

Isabella Bank (OTCQX: ISBA) reported strong Q1 2025 results with net income of $3.9 million ($0.53 per diluted share), up from $3.1 million in Q1 2024. Key highlights include:

- ROA increased to 0.77% from 0.61%
- Net interest margin rose to 3.06% from 2.79%
- Commercial & industrial loan growth of 7% (annualized)
- Non-maturity deposit growth of 14% (annualized)

The bank's total assets reached $2.1 billion, with total loans at $1.4 billion. Notable developments include a $10.6 million investment in new BOLI policies and completion of 45,582 share repurchases valued at $1.1 million. The bank maintains strong credit quality with net loan recoveries and successfully recovered a $1.6 million overdraft charge from Q3 2024. The company expects full implementation of BOLI restructuring and new revenue enhancements by Q3 2025.

Isabella Bank (OTCQX: ISBA) is proceeding with its application to uplist its common shares from OTCQX to the Nasdaq Capital Market, despite recent financial market volatility. The company, which initially announced this move in its annual proxy statement, views the potential Nasdaq listing as a strategic step to enhance its market position.

CEO Jerome Schwind emphasized that the Nasdaq uplisting could provide multiple benefits, including improved access to capital, increased trading volume, and better opportunities to use stock for acquisitions. The company's current market capitalization stands at $159 million. The listing, which could be completed as early as April 2025, remains subject to Nasdaq's review and approval of the initial listing application and meeting all regulatory requirements.

Isabella Bank (ISBA) has declared a first-quarter cash dividend of $0.28 per common share for 2025. The dividend will be distributed on March 31, 2025, to shareholders recorded as of March 27, 2025. Based on the company's closing stock price of $24.60 per share on February 26, 2025, this represents an annualized cash dividend yield of 4.55%.

Isabella Bank (OTCQX: ISBA) demonstrated solid financial performance in Q4 2024. Total loans held steady at $1.42 billion, with increases in residential and commercial loans offsetting decreased mortgage broker advances. The bank's wealth management segment showed strong growth, with fees increasing 14% year-over-year and average Assets Under Management rising by $53.6 million (9%).

The bank maintained a 4.3% dividend yield, exceeding the peer average of 3.0%. Net Interest Margin improved to 2.99% from 2.83% in Q4 2023, with a return on assets of 0.76%. The bank continues its expansion strategy, having acquired several institutions since 2008 and recently opening a new office in Bay City, strengthening its presence in Bay County.

Isabella Bank (ISBA) reported Q4 2024 net income of $4.0 million ($0.54 per diluted share), up from $3.8 million ($0.51 per share) in Q4 2023. Full-year 2024 net income was $13.9 million ($1.86 per share), down from $18.2 million ($2.40 per share) in 2023.

Key Q4 2024 metrics include: return on assets of 0.76%, core loan growth of 4% annualized, net interest margin of 2.99%, and noninterest income growth of 13%. Total assets were $2.1 billion, with total loans steady at $1.42 billion. The allowance for credit losses increased to $12.9 million.

The bank's deposit base stood at $1.75 billion, down $34.8 million due to seasonal business and municipal outflows. Tangible book value per share was $21.82 as of December 31, 2024. The company repurchased 27,608 shares during Q4 for $657,000 at an average price of $23.80.

Isabella Bank (ISBA) reported Q3 2024 net income of $3.3 million ($0.44 per diluted share), down from $4.4 million ($0.58 per diluted share) in Q3 2023. Core earnings reached $4.6 million ($0.61 per diluted share). The quarter saw 12% annualized loan growth and 14% annualized deposit growth. Total assets grew $46.8 million to $2.1 billion, with total loans increasing $42.6 million to $1.42 billion. Net interest margin was 2.98%. The quarter included a $1.6 million charge related to overdrawn deposit accounts from a customer, offset by the recovery of two previously charged-off commercial loans.