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Isabella Bank Corporation Announces Increase to Share Repurchase Program

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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 Corporation (OTCQX:ISBA) ha annunciato un ampliamento del suo programma di riacquisto di azioni, aggiungendo 500.000 azioni all'autorizzazione. Questo aumento porta il totale delle azioni disponibili per il riacquisto a 538.448. Dall'inizio del programma nel 2007, la società ha riacquistato 2.554.126 azioni. Il programma non ha una data di scadenza e i riacquisti saranno effettuati in base a vari fattori, tra cui il prezzo delle azioni, le condizioni di mercato, la disponibilità delle azioni e le esigenze legate al piano di acquisto azionario per i dipendenti e al piano di reinvestimento dei dividendi.

Isabella Bank Corporation (OTCQX:ISBA) ha anunciado una expansión de su programa de recompra de acciones, añadiendo 500,000 acciones a la autorización. Este incremento eleva el total de acciones disponibles para recompra a 538,448. Desde el inicio del programa en 2007, la empresa ha recomprado 2,554,126 acciones. El programa no tiene fecha de vencimiento y las recompras se realizarán según diversos factores, incluyendo el precio de las acciones, las condiciones del mercado, la disponibilidad de acciones y las necesidades bajo el plan de compra de acciones para empleados y el plan de reinversión de dividendos.

Isabella Bank Corporation (OTCQX:ISBA)는 자사 주식 환매 프로그램을 확대하여 500,000주를 추가 승인했다고 발표했습니다. 이로써 환매 가능한 총 주식 수는 538,448주가 되었습니다. 2007년 프로그램 시작 이래 회사는 총 2,554,126주를 환매했습니다. 이 프로그램은 만료일이 없으며, 주식 환매는 주가, 시장 상황, 주식 가용성, 직원 주식 구매 및 배당금 재투자 계획에 따른 필요성 등 다양한 요인을 고려하여 실행될 예정입니다.

Isabella Bank Corporation (OTCQX:ISBA) a annoncé l'extension de son programme de rachat d'actions, ajoutant 500 000 actions à l'autorisation. Cette augmentation porte le total des actions disponibles pour rachat à 538 448. Depuis le lancement du programme en 2007, la société a racheté 2 554 126 actions. Le programme n'a pas de date d'expiration, et les rachats d'actions seront effectués en fonction de divers facteurs, notamment le cours de l'action, les conditions du marché, la disponibilité des actions et les besoins liés au plan d'achat d'actions des employés et au plan de réinvestissement des dividendes.

Isabella Bank Corporation (OTCQX:ISBA) hat eine Erweiterung ihres Aktienrückkaufprogramms bekannt gegeben und die Genehmigung um 500.000 Aktien erhöht. Dadurch steigt die Gesamtzahl der zum Rückkauf verfügbaren Aktien auf 538.448. Seit Beginn des Programms im Jahr 2007 hat das Unternehmen 2.554.126 Aktien zurückgekauft. Das Programm hat kein Ablaufdatum, und Aktienrückkäufe werden basierend auf verschiedenen Faktoren durchgeführt, darunter Aktienkurs, Marktbedingungen, Verfügbarkeit der Aktien sowie Anforderungen im Rahmen des Mitarbeiteraktienkauf- und Dividendenwiederanlageplans.

Positive
  • Board approval for additional 500,000 shares in the buyback program
  • Significant historical buyback activity with 2.55M shares repurchased since 2007
  • Flexible program with no expiration date allows strategic timing of purchases
Negative
  • No guarantee on the number of shares to be purchased
  • Program can be modified, suspended, or terminated without prior notice

MT. PLEASANT, Mich., May 1, 2025 /PRNewswire/ -- Isabella Bank Corporation (OTCQX:ISBA) (the "Company") announced today that the Board of Directors of the Company approved a resolution to increase its share repurchase program by an additional 500,000 shares, raising the current authorization available under the program to 538,448 shares. The Company has repurchased to date 2,554,126 shares under its share repurchase program since 2007.

The authorization does not have an expiration date. Stock repurchases under the program may be made from time to time as the Company deems appropriate, based on factors such as share price, market conditions, share availability, purchase needs under the Company's employee stock purchase and dividend reinvestment plan, and other relevant factors. There can be no assurance as to the number of shares the Company will purchase, if any, and the program may be modified, renewed, suspended or terminated by the Company at any time without prior notice.

About the Company
Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state-chartered community bank headquartered in Mt. Pleasant, Michigan. Isabella Bank was established in 1903 and has been committed to serving its customers' and communities' local banking needs for over 120 years. The Bank offers personal and commercial lending and deposit products, as well as investment, trust, and estate planning services. The Bank has locations throughout eight Mid-Michigan counties: Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investor Relations link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.'s electronic quotation system (www.otcmarkets.com) under the symbol "ISBA." The Company's investor relations firm is Stonegate Capital Partners, Inc. (www.stonegateinc.com).

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SOURCE Isabella Bank Corporation

FAQ

How many additional shares did ISBA add to its repurchase program in May 2025?

Isabella Bank Corporation added 500,000 shares to its repurchase program, bringing the total available authorization to 538,448 shares.

How many shares has Isabella Bank Corporation (ISBA) repurchased since 2007?

Isabella Bank Corporation has repurchased 2,554,126 shares under its share repurchase program since 2007.

Does ISBA's share repurchase program have an expiration date?

No, Isabella Bank Corporation's share repurchase program does not have an expiration date.

What factors determine ISBA's share repurchases under the program?

ISBA considers factors such as share price, market conditions, share availability, purchase needs under employee stock purchase and dividend reinvestment plan, and other relevant factors.
Isabella

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215.20M
6.81M
10.59%
0.09%
Banks - Regional
State Commercial Banks
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United States
MT PLEASANT