Isabella Stock Price, News & Analysis

On October 19, 2021, Isabella Bank Corporation (OTCQX: ISBA) announced the results of its modified "Dutch auction" tender offer, which sought to purchase up to $20,000,000 of its common stock. The tender offer closed on October 13, 2021, with 396,576.79 shares tendered at prices ≤ $27.00 per share. The corporation accepted all these shares at a price of $27.00 each, totaling approximately $10,707,573.20. This acquisition represents around 5.0% of the company's outstanding shares.

Isabella Bank Corporation (OTCQX: ISBA) has announced a modified "Dutch auction" tender offer to repurchase up to $20,000,000 of its common stock, with a price range between $23.00 and $27.00 per share. This represents a 14.89% premium over the last closing price of $23.50 on August 31, 2021. If fully subscribed, the offer could result in the buyback of 740,741 to 869,565 shares, equating to 9.32% to 10.94% of outstanding shares. The offer will expire on October 13, 2021.

Isabella Bank Corporation (OTCQX: ISBA) declared a $0.27 cash dividend per share for Q3 2021, payable on September 30, 2021. This decision reflects strong financial performance, yielding an annualized return of 4.69% based on a closing stock price of $23.05 as of August 25, 2021. CEO Jae A. Evans emphasized the bank's commitment to enhancing shareholder value, citing successful strategic initiatives aimed at improving key performance metrics.

Isabella Bank Corporation (OTCQX: ISBA) reported strong earnings for Q2 2021, with a net income of $4.6 million, up from $4.2 million in Q2 2020. For H1 2021, net income reached $10 million, compared to $7.3 million last year. Earnings per share increased to $0.58 for Q2 and $1.26 for H1. Key highlights include a successful $30 million private placement of subordinated notes, a reduction in interest expenses by 45.9%, and a 13.6% increase in total deposits. The firm maintains a strong liquidity position with $797 million available as of June 30, 2021.

Isabella Bank Corporation (OTCQX:ISBA) has successfully completed a private placement of $30.0 million in 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031. The issuance will aid the bank in maintaining its capital position and financing growth while avoiding shareholder dilution. The fixed interest rate will last until June 15, 2026, after which it will become a floating rate. The notes will be redeemable from June 15, 2026, at par value. Proceeds will be used for general corporate purposes, including potential stock repurchases and M&A activities.

Isabella Bank Corporation (OTCQX: ISBA) is participating in Renmark Financial Communications Inc.'s Virtual Non-Deal Roadshow on June 2, 2021, at 1:00 PM PDT. The event aims to discuss the latest investor presentation and will feature President & CEO Jae Evans and CFO Neil McDonnell. Stakeholders and investors can register to attend, and a replay of the presentation will be available on the Company's Investor website afterward. Isabella Bank, a community bank founded in 1903, operates 30 locations across seven Mid-Michigan counties, focusing on personal and commercial banking services.

Isabella Bank Corporation (OTCQX: ISBA) announced a cash dividend of $0.27 per common share for Q2 2021, reflecting strong financial performance. This dividend, payable on June 30, 2021, will benefit shareholders of record as of June 28, 2021. Based on the stock's closing price of $23.15, the annualized cash dividend yield stands at 4.67%. President Jae A. Evans emphasized the dividend as a commitment to enhancing shareholder value, noting an 18% increase in stock market value since the end of 2020.

Isabella Bank Corporation (OTCQX: ISBA) will participate in Renmark Financial Communications Inc.'s Virtual Non-Deal Roadshow on May 13, 2021, at 12:00 PM MDT. This event will feature President & CEO Jae Evans and CFO Neil McDonnell, discussing the latest investor presentation and conducting a live Q&A session. Stakeholders and investors can register to attend the live event, with access to a replay available on the Company's Investor website. For smooth connectivity, use the latest version of Google Chrome.

Isabella Bank Corporation (OTCQX: ISBA) reported a strong first quarter of 2021 with net income at $5.4 million and earnings per share of $0.68, a significant increase from $3.1 million in Q1 2020. Key highlights include a $13.2 million net interest income, a $77.3 million rise in deposits, and a notable reduction in loan loss provisions. Total assets climbed to $2 billion, with assets under management up 13.8%. The corporation maintained a robust liquidity position with $740 million in cash and equivalents and executed a cash dividend of $0.27 per share.