Isabella Bank Corporation Announces Increase to Share Repurchase Program

Rhea-AI Summary

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.

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

News Market Reaction

-0.93%

1 alert

-0.93% News Effect

On the day this news was published, ISBA declined 0.93%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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).

View original content to download multimedia:https://www.prnewswire.com/news-releases/isabella-bank-corporation-announces-increase-to-share-repurchase-program-302444616.html

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.