ISABELLA BANK CORP - ISBA STOCK NEWS

Welcome to our dedicated page for ISABELLA BANK news (Ticker: ISBA), a resource for investors and traders seeking the latest updates and insights on ISABELLA BANK stock.

Isabella Bank Corporation (OTCQX: ISBA) is a financial services holding company headquartered in Mt. Pleasant, Michigan. Established in 1903, the corporation has been a steadfast presence in mid-Michigan for over 120 years. Isabella Bank, its banking subsidiary, operates through 31 locations across eight Mid-Michigan counties: Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

Isabella Bank provides a comprehensive suite of financial products and services. Banking services include interest and noninterest-bearing checking accounts, savings accounts, money market accounts, and certificates of deposit. Lending services encompass commercial real estate loans, lines of credit, agricultural loans, residential real estate loans, consumer loans, and credit cards. The bank also offers trust services, safe deposit box rentals, credit life insurance, and brokerage products through Raymond James Financial Services.

Isabella Bank stands out with its commitment to customer service, offering 24-hour banking services both locally and nationally through shared ATMs, online banking, and direct deposits for businesses, institutions, and individuals. The bank has consistently adapted to changing market conditions, evidenced by their recent expansion into Bay County with a new loan production office in Bay City and a full-service branch in Saginaw.

Financially, Isabella Bank remains robust despite industry challenges posed by rising interest rates. For the third quarter of 2023, the bank reported net income of $4.4 million, reflecting resilience in a competitive environment. Total assets reached $2.1 billion with $3 billion under management. The bank's capital ratios exceed the required minimums, marking it as a “well-capitalized” institution.

Recent achievements include the growth in core loans and deposits, strategic moves to enhance shareholder value, and maintaining a strong liquidity position. The bank has also demonstrated a commitment to shareholder returns with consistent dividend payouts, including a fourth-quarter cash dividend of $0.28 per share in 2023.

Looking ahead, Isabella Bank remains focused on strategic initiatives to ensure long-term success and continued community support. For more detailed financial performance and news, visit their Investor Relations page on www.isabellabank.com.