Stonegate Updates Coverage on Isabella Bank Corporation (ISBA) 2024 Q4

Rhea-AI Summary

Isabella Bank (OTCQX: ISBA) demonstrated solid financial performance in Q4 2024. Total loans held steady at $1.42 billion, with increases in residential and commercial loans offsetting decreased mortgage broker advances. The bank's wealth management segment showed strong growth, with fees increasing 14% year-over-year and average Assets Under Management rising by $53.6 million (9%).

The bank maintained a 4.3% dividend yield, exceeding the peer average of 3.0%. Net Interest Margin improved to 2.99% from 2.83% in Q4 2023, with a return on assets of 0.76%. The bank continues its expansion strategy, having acquired several institutions since 2008 and recently opening a new office in Bay City, strengthening its presence in Bay County.

Positive

• Net Interest Margin increased to 2.99% from 2.83% YoY
• Wealth Management fees grew 14% YoY
• Assets Under Management increased by $53.6M (9%) YoY
• Dividend yield of 4.3% exceeds peer average of 3.0%
• 4% annualized loan growth

Negative

• None.

Dallas, Texas--(Newsfile Corp. - February 3, 2025) - Isabella Bank Corporation (OTCQX: ISBA): Stonegate Capital Partners updates their coverage on Isabella Bank Corporation (OTCQX: ISBA). Isabella Bank reported another solid quarter with steady financial performance during 4Q24. Total loans remained steady at $1.42 B at the end 4Q24 due to increases in residential and commercial loans, offset by a decrease in advances to mortgage brokers. Wealth Management fees increased by ~14% y/y, reflecting strong growth in Avg. AUM, which rose by $53.6M, or 9%, over the prior year. ISBA maintained a strong dividend yield of approximately 4.3%, greater than the peer average of 3.0%. Despite economic uncertainties and fluctuations in interest rates, Isabella Bank demonstrated resilience in its core operations and earnings momentum. Isabella Bank continues its tradition of strategic expansion through organic growth and acquisitions. Since 2008, the Bank has acquired Greenville Community Bank, the Saginaw Office, and the Midland East Office, while also opening six new offices in key markets such as Lake Isabella, Freeland, and Saginaw. Most recently, the Company has expanded into Bay County with the opening of its Bay City office, further strengthening its regional footprint and enhancing loan and wealth management services.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Isabella Bank's NIM increased to 2.99%, up from 2.83% in 4Q23.
• Return on assets of 0.76%, core return on assets of 0.74% (non-GAAP measure)
• Loan growth of 4% annualized.

Click image above to view full announcement.

About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239382

FAQ

What was Isabella Bank's (ISBA) Net Interest Margin in Q4 2024?

Isabella Bank's Net Interest Margin increased to 2.99% in Q4 2024, up from 2.83% in Q4 2023.

How much did Isabella Bank's (ISBA) wealth management fees grow in Q4 2024?

Isabella Bank's wealth management fees increased by approximately 14% year-over-year in Q4 2024.

What is Isabella Bank's (ISBA) current dividend yield compared to peers?

Isabella Bank maintains a dividend yield of approximately 4.3%, which is higher than the peer average of 3.0%.

What was Isabella Bank's (ISBA) total loan balance at the end of Q4 2024?

Isabella Bank's total loans remained steady at $1.42 billion at the end of Q4 2024.

What was Isabella Bank's (ISBA) return on assets in Q4 2024?

Isabella Bank reported a return on assets of 0.76% and a core return on assets of 0.74% (non-GAAP measure).