Welcome to our dedicated page for Isabella news (Ticker: ISBA), a resource for investors and traders seeking the latest updates and insights on Isabella stock.
Isabella Bank Corporation (NASDAQ: ISBA) is the parent holding company of Isabella Bank, a state-chartered community bank headquartered in Mt. Pleasant, Michigan. News about ISBA often highlights its role in commercial banking across eight Mid-Michigan counties, its financial performance, and its long history of serving local customers and communities since its founding in 1903.
Investors and observers following Isabella Bank Corporation news can expect regular updates on quarterly and year-to-date financial results, including net income, net interest income, noninterest income, loan and deposit growth, and credit quality metrics. Earnings releases discuss factors such as net interest margin, loan yields, the cost of interest-bearing liabilities, and the performance of the available-for-sale securities portfolio.
ISBA news coverage also includes Board of Directors actions and capital decisions. The company announces quarterly cash dividends on its common stock, detailing dividend amounts, record dates, and payment dates. It has also reported share repurchase activity and changes to its share repurchase program authorization. Corporate developments such as the uplisting of ISBA shares from the OTCQX market to The Nasdaq Capital Market are disclosed through press releases and Form 8-K filings.
Governance and leadership updates are another recurring theme in Isabella Bank Corporation news. Recent items have covered director appointments and resignations, amendments to the corporation’s bylaws, and changes in executive roles, including the appointment and transition of chief financial officers. These disclosures provide insight into the company’s governance practices and management structure.
For readers tracking ISBA, the news stream offers a consolidated view of financial performance, dividend policy, capital management, governance changes, and other material events affecting Isabella Bank Corporation and its community banking operations.
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.
Isabella Bank announced plans to break ground on a new branch in Saginaw on June 9, 2022. This will be their fifth location in Saginaw County, with an expected opening in the first quarter of 2023. The new branch aims to enhance access to various banking services for both individuals and businesses. The bank, which has been serving the mid-Michigan community for 119 years, has approximately $2 billion in assets and emphasizes a blend of modern technology and personal service.
Isabella Bank Corporation (OTCQX: ISBA) reported solid first-quarter earnings for 2022, posting a net income of $4.7 million and earnings per share of $0.63. Key highlights include a 3.1% growth in deposits, totaling $1.8 billion, and a strong credit quality with nonperforming loans at 0.06% of gross loans. Net interest income improved by $278,000 year-over-year, despite a decline in interest income. The corporation maintained a 4.18% annualized cash dividend yield, reflecting its commitment to shareholder returns.
Isabella Bank Corporation (OTCQX:ISBA) declared a first-quarter cash dividend of $0.27 per share, payable on March 31, 2022, to shareholders recorded by March 29, 2022. With a closing stock price of $25.75 as of February 23, 2022, the annualized dividend yield is 4.19%. CEO Jae A. Evans emphasized the dividend as a commitment to increasing shareholder value, supported by record financial results for 2021 and key initiatives enhancing performance.
Isabella Bank Corporation (OTCQX: ISBA) reported strong financial results for Q4 and the year ended December 31, 2021. Net income reached $4.8 million for Q4 and a record $19.5 million for the year, marking a 79% increase compared to 2020. EPS was $0.63 for Q4 and $2.48 for 2021. Total assets hit a record $2 billion, and loans increased by $62.7 million, or 5.1%. The bank successfully issued $30 million in subordinated debt and completed a tender offer purchasing 5% of shares. The bank remains 'well-capitalized' with strong capital ratios.
Isabella Bank Corporation (OTCQX:ISBA) declared a fourth-quarter cash dividend of $0.27 per share on November 23, 2021, reflecting its commitment to increasing shareholder value. The dividend, payable on December 17, 2021, to shareholders of record as of December 14, yields an annualized cash dividend of 3.99% based on a closing price of $27.10 on the declaration date. The company attributes this dividend to strong financial performance and effective initiatives aimed at enhancing metrics, contributing to recent stock appreciation.
Isabella Bank Corporation (OTCQX: ISBA) announced strong third-quarter earnings for 2021, reporting a net income of $4.7 million, a 27% increase year-over-year. Earnings per share rose to $0.59 for the quarter and $1.85 for the first nine months. Total assets reached $2.1 billion, with assets under management at $2.9 billion. The corporation conducted a tender offer, purchasing 396,577 shares at $27.00 each, improving metrics for shareholders. A cash dividend of $0.27 per share was also paid, yielding 4.15%.
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.
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