Isabella Bank Corporation Reports First Quarter 2024 Results
ISABELLA BANK CORP (ISBA)
NASDAQ:AMEX Investor Relations:
ir.isabellabank.com
Company Research
Source: PR Newswire
Loan, Deposit and Wealth Asset Growth continue in 2024MT. PLEASANT, Mich., April 18, 2024 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) (the "Company") reported first quarter 2024 net income of $3.1 million or $0.42 per diluted share compared to $5.3 million or $0.70 per diluted share in the same quarter of 2023.FIRST QUARTER 2024 HIGHLIGHTS (compared to first quarter 2023, unless otherwise stated)Total commercial loan growth of 8% annualized, compared to 0.4%Earning asset yield of 4.45%, compared to 3.89%Wealth management income increased 19%Nonperforming loans to total loans ratio of 0.09%"Earnings declined year-over-year because of continued interest rate pressure. However, the bank recorded positive results in loans, deposits and wealth management assets as a result of continuing to attract new customers while retaining strong loyalty among our current customers," according to Chief Executive Officer Jerome Schwind. "We've also maintained excellent liquidity and strong
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News
- Isabella Bank Corporation (ISBA) Q1 Earnings and Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Isabella Bank Corporation Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Isabella Bank Co. (OTCMKTS: ISBA) had its "neutral" rating re-affirmed by analysts at Piper Sandler. They now have a $20.00 price target on the stock.MarketBeat
- Isabella Bank Corporation Announces First Quarter 2024 DividendPR Newswire
- Isabella Bank Corporation Announces Fourth Quarter and 2023 EarningsPR Newswire
ISBA
Sec Filings
- 5/9/24 - Form 8-K
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- ISBA's page on the SEC website