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Isabella Bank Corp  (ISBA)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $18.0001 $0.20 1.124%
Day's High: $18.24 Week Perf: -0.55 %
Day's Low: $ 17.85 30 Day Perf: -5.26 %
Volume (M): 3 52 Wk High: $ 23.75
Volume (M$): $ 56 52 Wk Avg: $20.42
Open: $18.00 52 Wk Low: $17.75



 Market Capitalization (Millions $) 137
 Shares Outstanding (Millions) 8
 Employees 374
 Revenues (TTM) (Millions $) 74
 Net Income (TTM) (Millions $) 20
 Cash Flow (TTM) (Millions $) 94
 Capital Exp. (TTM) (Millions $) 4

Isabella Bank Corp

Isabella Bank Corporation is a registered financial services holding company that was incorporated in September 1988 under Michigan law. The Corporations sole subsidiary, Isabella Bank, has 29 banking offices located throughout Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties. The area includes significant agricultural production, manufacturing, retail, gaming and tourism, and five colleges and universities.

Isabella Bank Corporation refers solely to the parent holding company, and Isabella Bank or the “Bank” refer to Isabella Bank Corporation’s subsidiary, Isabella Bank.
Our reportable segments are based on legal entities that account for at least 10% of net operating results. Retail banking operations represent approximately 90% or greater of total assets and operating results. As such, we have only one reportable segment.


We are a community bank with a focus on providing high quality, personalized service at a fair price. We offer a broad array of banking services to businesses, institutions, and individuals. We compete with other commercial banks, savings and loan associations, mortgage brokers, finance companies, credit unions, and retail brokerage firms.

Lending activities include loans for commercial and agricultural operating and real estate purposes, residential real estate loans, and consumer loans. We limit lending activities primarily to local markets and have not purchased any loans from the secondary market. We do not make loans to fund leveraged buyouts, have no foreign corporate or government loans, and have limited holdings of corporate debt securities. Our general lending philosophy is to limit concentrations to individuals and business segments.

Deposit services offered include checking accounts, savings accounts, certificates of deposit, direct deposits, cash management services, mobile and internet banking, electronic bill pay services, and automated teller machines. We also offer full service trust and brokerage services.

The Bank is supervised and regulated by DIFS and the FRB. The agencies and federal and state laws extensively regulate various aspects of the banking business including, among other things, permissible types and amounts of loans, investments and other activities, capital adequacy, branching, interest rates on loans and deposits, and the safety and soundness of banking practices.


Our deposits are insured up to applicable limits by the DIF of the FDIC and are subject to deposit insurance assessments to maintain the DIF. The FDIC utilizes a risk-based assessment system that assesses insurance premiums based upon a risk matrix that takes into account assets and capital levels and supervisory ratings.
Banking laws and regulations restrict transactions by insured banks owned by a bank holding company, including loans to and certain purchases from the parent holding company, non-bank and bank subsidiaries of the parent holding company, principal shareholders, officers, directors and their affiliates, and investments by the subsidiary bank in the shares or securities of the parent holding company (or any of the other non-bank or bank affiliates), or acceptance of such shares or securities as collateral security for loans to any borrower.


The Bank is subject to legal limitations on the frequency and amount of dividends that can be paid to Isabella Bank Corporation. For example, a Michigan state chartered bank may not declare a cash dividend or a dividend in kind except out of net profits then on hand after deducting all losses and bad debts, and then only if it will have a surplus amounting to not less than 20% of its capital after the payment of the dividend. Moreover, a Michigan state chartered bank may not declare or pay any cash dividend or dividend in kind until the cumulative dividends on its preferred stock, if any, have been paid in full. Further, if the surplus of a Michigan state chartered bank is at any time less than the amount of its capital, before the declaration of a cash dividend or dividend in kind, it must transfer to surplus not less than 10% of its net profits for the preceding six months (in the case of quarterly or semi-annual dividends) or the preceding two consecutive six month periods (in the case of annual dividends).
The payment of dividends by Isabella Bank Corporation and the Bank is also affected by various regulatory requirements and policies, such as the requirement to keep adequate capital in compliance with regulatory guidelines. Federal laws impose further restrictions on the payment of dividends by insured banks that fail to meet specified capital levels. The FDIC may prevent an insured bank from paying dividends if the bank is in default of payment of any assessment due to the FDIC. In addition, payment of dividends by a bank may be prevented by the applicable federal regulatory authority if such payment is determined, by reason of the financial condition of such bank, to be an unsafe and unsound banking practice. The FRB and the FDIC have issued policy statements providing that bank holding companies and insured banks should generally pay dividends only out of current operating earnings.



   Company Address: 401 N. Main St Mt. Pleasant 48858 MI
   Company Phone Number: 772-9471   Stock Exchange / Ticker: ISBA
   


Customers Net Income grew by ISBA's Customers Net Profit Margin grew to

55.2 %

6.9 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        5.47% 
BPOP        8.67% 
CFG        5.91% 
FITB        8.68% 
MTB        5.62% 
SIVB   -5.37%    
• View Complete Report
   



Isabella Bank Corp

The Regional Banks company declared revenue elevation substantially at, over the most recent fiscal period

Isabella Bank Corp is a financial institution that has recently declared double-digit revenue and profit growth in the most recent fiscal period. In the first quarter of the 2023 earnings season, revenues reached $18.60 million, representing an increase of 10.818% year on year. However, revenues decreased by 2.28% quarter on quarter. The bank's profits were up by 20.69%, reaching $0.70 sequentially. However, the earnings per share decreased by 9.09%.
The bottom-line of Isabella Bank Corp also grew significantly in the first quarter of the 2023 earnings season. The bank's net earnings reached $5.321 million, which was higher by 13.55% from the same period a year ago, when it reported net earnings of $4.686 million. One thing that the bank emphasized was its improved profit margins. The net margin rose to 28.6% in the first quarter of the 2023 earnings season, and the operating margin edged up to 34.43%. The operating earnings also grew by 14.33% to $6.405 million.






 

Isabella Bank's Segments
 
 
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