Welcome to our dedicated page for ISABELLA BANK news (Ticker: $ISBA), a resource for investors and traders seeking the latest updates and insights on ISABELLA BANK stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ISABELLA BANK's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ISABELLA BANK's position in the market.
Rhea-AI Summary
Stonegate Capital Partners updates their coverage on Isabella Bank (ISBA) with key takeaways including 15.6% year-over-year Wealth Management asset growth, a 6.2% dividend yield, and NIM trending in-line with industry peers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
-
Rhea-AI Summary
Isabella Bank reported a decline in net income for the first quarter of 2024 compared to the same period in 2023. However, the company saw positive growth in total commercial loans, earning asset yield, and wealth management income. The CEO highlighted the bank's resilience in attracting new customers and maintaining strong loyalty. Despite interest rate pressures, the bank remains financially stable with a focus on liquidity and credit quality. Total assets and loans increased, while securities available for sale decreased. The allowance for credit losses also saw an increase due to specific reserves on downgraded commercial loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
-
Rhea-AI Summary
Isabella Bank Corporation (ISBA) declared a first-quarter cash dividend of $0.28 per share, with an annualized cash dividend yield of 5.78%. The dividend will be payable on March 29, 2024, to shareholders of record as of March 27, 2024. Jerome E. Schwind, President, and CEO highlighted the dividend as a means to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
Rhea-AI Summary
Stonegate Capital Partners updates coverage on Isabella Bank Corporation (OTCQX: ISBA) with key takeaways including a new office opening in Bay City, a 5.2% dividend yield, and NIM trending in-line with industry peers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
-
Rhea-AI Summary
Isabella Bank Corporation (ISBA) reported strong financial results for 2023 despite interest rate pressures. Net income was $18.2 million, with earnings per share of $2.42. Gross loans grew by 7%, Isabella Wealth assets increased by 25%, and interest income rose by 21%. However, interest expense also increased, impacting net interest income. Shareholders received a cash dividend of $1.12 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Isabella Bank Corporation and Isabella Bank have appointed Neil M. McDonnell to the Corporate and Bank Boards, effective January 31, 2024. Mr. McDonnell was named Bank President earlier this month. In his previous role as the corporation's Chief Financial Officer, he was instrumental in implementing a five-year strategic plan and driving initiatives to improve financial performance and metrics. Isabella Bank, a state-chartered community bank headquartered in Mt. Pleasant, Michigan, is a subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Established in 1903, Isabella Bank has been committed to serving the local banking needs of its customers and communities for 120 years. The Bank offers personal and commercial lending and deposit products, as well as investment, trust, and estate planning services through Isabella Wealth. The Bank has 31 locations throughout eight Mid-Michigan counties: Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
Rhea-AI Summary
Jerome E. Schwind has been appointed as the President and CEO of Isabella Bank Corporation, succeeding Jae A. Evans, who retired after a decade of service. Neil M. McDonnell, the Bank's Chief Financial Officer, has also replaced Schwind as Bank President. Isabella Bank Corporation is a state-chartered community bank that has been serving the local banking needs of its customers and communities for 120 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
-
Rhea-AI Summary
Isabella Bank Corporation (ISBA) declared a fourth-quarter cash dividend of $0.28 per common share, bringing year-to-date cash dividends to $1.12, increasing 2.75% over 2022. The annualized cash dividend yield is 5.61% based on the closing stock price of $19.97 as of November 29, 2023. The addition of a new loan and wealth office in downtown Bay City and the celebration of Isabella Bank's 120th anniversary demonstrate the company's commitment to growth and community service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
-
Rhea-AI Summary
Isabella Bank Corporation (OTCQX: ISBA) has opened a new office in Bay City. The company offers a 5.23% dividend yield and its net interest margin (NIM) is trending in-line with industry peers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.74%
Tags
Rhea-AI Summary
Isabella Bank Corporation reports net income of $4.4 million for Q3 2023 and $14.4 million for the nine-month period. Core loans and deposits grow despite pricing competition. Wealth management fees increase by 26.4%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
ISABELLA BANK CORP
OTC:ISBA
ISBA Rankings
ISBA Stock Data
139.17M
6.91M
10.19%
0.07%
Commercial Banking
Finance and Insurance
United States of America
Mount Pleasant
About ISBA
isabella bank corporation is a financial services holding company offering a wide array of financial products and services in mid-michigan. its banking subsidiary, isabella bank, offers banking services through 29 locations, 24-hour banking services locally and nationally through shared automatic teller machines, online banking, and direct deposits to businesses, institutions, and individuals. lending services offered include commercial real estate loans and lines of credit, agricultural loans, residential real estate loans, consumer loans, and credit cards. deposit services include interest and noninterest bearing checking accounts, savings accounts, money market accounts, and certificates of deposit. other related financial products include trust services, safe deposit box rentals, credit life insurance, and brokerage products through raymond james financial services. active competition, principally from other commercial banks, savings banks and credit unions, exists in all of the ba