Isabella Stock Price, News & Analysis

Isabella Bank Corporation (OTCQX: ISBA) reported impressive financial results for Q1 2023, achieving net income of $5.3 million and earnings per share of $0.70, marking a 12% increase compared to Q1 2022. Deposits grew by over $69 million (or 4%) since the end of 2022, driven by strong money market and CD account growth. Net interest income rose by 14%, fueled by increased loan interest rates and a growing loan portfolio, despite a rise in interest expenses. The bank's total assets stood at $2.1 billion, while loans outstanding totaled $1.3 billion. Additionally, it maintained a strong capital position with the Tier 1 Capital Ratio at 13.73%. A cash dividend of $0.28 per share was declared, yielding 4.52% annually.

Isabella Bank Corporation (OTCQX: ISBA) declared a first-quarter cash dividend of $0.28 per share, marking a 3.70% increase from the previous year. This dividend will be payable on March 31, 2023, to shareholders of record as of March 29, 2023. With a closing stock price of $24.25 on February 22, 2023, this results in an annualized cash dividend yield of 4.62%. CEO Jae A. Evans highlighted this dividend as part of the company's commitment to enhancing shareholder value, supported by record net income and earnings per share reported for 2022.

Isabella Bank Corporation (OTCQX: ISBA) reported record financial results for 2022, with net income of $22.2 million, a 14% increase compared to 2021. Fourth-quarter net income rose to $6.3 million, up from $4.8 million a year prior. Earnings per share (EPS) reached $2.95 for the year, a 19% increase over the previous year. Total deposits increased by $33.9 million, or 2%, while net interest income grew by 15% to $60.5 million. The bank's asset quality improved significantly, with nonperforming loans at just 0.04%. Despite some noninterest income declines, the bank remains well-capitalized with strong capital ratios and a dividend increase of 3.7%.

Isabella Bank Corporation (OTCQX: ISBA) announced a fourth-quarter cash dividend of $0.28 per share, a 3.7% increase from the previous quarter. The total year-to-date dividend reaches $1.09, and shareholders will receive the dividend on December 16, 2022, if they are on record by December 14, 2022. This dividend yields 4.93% based on an ISBA stock price of $22.70. CEO Jae A. Evans attributes this increase to the success of the bank's strategic initiatives and strong financial performance in 2022.

Isabella Bank Corporation (OTCQX: ISBA) reported a record net income of $5.9 million for Q3 2022, up 25.6% from Q3 2021, driven by a 19% rise in net interest income. Earnings per share reached $0.78, a 32% increase year-over-year. Total deposits grew by $31.2 million in Q3 and $80.7 million year-to-date, indicating strong customer acquisition. The Bank's capital ratios exceeded minimum requirements, affirming its well-capitalized status. A cash dividend of $0.27 was also paid in Q3, reflecting a 5.05% annualized yield.

Isabella Bank Corporation (OTCQX: ISBA) announced a third-quarter cash dividend of $0.27 per common share, declared on August 31, 2022. The dividend will be payable on September 30, 2022, to shareholders of record by September 28, 2022. With a closing stock price of $23.45 as of the declaration date, the annualized cash dividend yield stands at 4.61%. The bank remains focused on increasing shareholder value through strategic initiatives that have yielded strong financial results in 2022.