Stonegate Updates Coverage on Isabella Bank Corporation (ISBA) 2024 Q4
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.
Isabella Bank (OTCQX: ISBA) ha dimostrato una solida performance finanziaria nel Q4 2024. I prestiti totali sono rimasti stabili a 1,42 miliardi di dollari, con aumenti nei prestiti residenziali e commerciali che hanno compensato un calo nelle anticipazioni dei broker ipotecari. Il segmento di gestione patrimoniale della banca ha mostrato una forte crescita, con le commissioni aumentate del 14% rispetto all’anno precedente e le attività medie in gestione cresciute di 53,6 milioni di dollari (9%).
La banca ha mantenuto un rendimento da dividendo del 4,3%, superando la media dei concorrenti del 3,0%. Il margine di interesse netto è migliorato al 2,99% rispetto al 2,83% nel Q4 2023, con un ritorno sugli attivi dello 0,76%. La banca continua la sua strategia di espansione, avendo acquisito diverse istituzioni dal 2008 e aprendo recentemente un nuovo ufficio a Bay City, rafforzando la sua presenza nella contea di Bay.
Isabella Bank (OTCQX: ISBA) demostró un sólido rendimiento financiero en el Q4 2024. Los préstamos totales se mantuvieron estables en 1.42 mil millones de dólares, con aumentos en préstamos residenciales y comerciales que compensaron la reducción en los anticipos de los corredores hipotecarios. El segmento de gestión de patrimonio del banco mostró un fuerte crecimiento, con tarifas aumentando un 14% interanual y los activos promedio bajo gestión aumentaron en 53.6 millones de dólares (9%).
El banco mantuvo un rendimiento de dividendo del 4.3%, superando el promedio de sus pares del 3.0%. El margen de interés neto mejoró al 2.99% desde el 2.83% en el Q4 2023, con un retorno sobre activos del 0.76%. El banco continúa con su estrategia de expansión, habiendo adquirido varias instituciones desde 2008 y abriendo recientemente una nueva oficina en Bay City, fortaleciendo su presencia en el condado de Bay.
이스라벨라 뱅크 (OTCQX: ISBA)는 2024년 4분기에 안정적인 재무 성과를 나타냈습니다. 총 대출액은 14억 2천만 달러로 유지되었으며, 주거 및 상업 대출의 증가가 모기지 브로커의 선지급 감소를 상쇄했습니다. 은행의 자산 관리 부문은 강력한 성장을 보여주었으며, 수수료가 전년 대비 14% 증가하고, 평균 관리 자산이 5,360만 달러 (9%) 증가했습니다.
은행은 4.3%의 배당 수익률을 유지하여 동종 평균인 3.0%를 초과했습니다. 순이자 마진은 2023년 4분기 2.83%에서 2.99%로 개선되었고, 자산 수익률은 0.76%입니다. 은행은 2008년 이래 여러 기관을 인수하며 확장 전략을 계속 추진하고 있으며, 최근 베이시티에 새 사무소를 개설하여 베이 카운티 내 입지를 강화했습니다.
Isabella Bank (OTCQX: ISBA) a démontré une performance financière solide au T4 2024. Les prêts totaux sont restés stables à 1,42 milliard de dollars, les augmentations des prêts résidentiels et commerciaux compensant la diminution des avances de courtiers hypothécaires. Le segment de gestion de patrimoine de la banque a montré une forte croissance, avec des frais augmentant de 14% d'une année sur l'autre et des actifs moyens sous gestion augmentant de 53,6 millions de dollars (9%).
La banque a maintenu un rendement de dividende de 4,3%, dépassant la moyenne du secteur de 3,0%. La marge d'intérêt nette s'est améliorée à 2,99%, contre 2,83% au T4 2023, avec un retour sur actifs de 0,76%. La banque continue sa stratégie d'expansion, ayant acquis plusieurs institutions depuis 2008 et ouvrant récemment un nouveau bureau à Bay City, renforçant ainsi sa présence dans le comté de Bay.
Isabella Bank (OTCQX: ISBA) zeigte im 4. Quartal 2024 eine solide finanzielle Leistung. Die Gesamtanleihen blieben bei 1,42 Milliarden Dollar stabil, während Anstiege bei den Wohn- und Geschäftsanleihen die gesenkten Vorschüsse der Hypothekenmakler ausglichen. Der Vermögensverwaltungsbereich der Bank zeigte ein starkes Wachstum, mit einer Gebührenerhöhung von 14% im Vergleich zum Vorjahr und den durchschnittlichen verwalteten Vermögenswerten, die um 53,6 Millionen Dollar (9%) gestiegen sind.
Die Bank hielt eine Dividendenrendite von 4,3%, die über dem Durchschnitt von 3,0% liegt. Die Nettozinsspanne verbesserte sich von 2,83% im 4. Quartal 2023 auf 2,99%, mit einer Rendite auf das Vermögen von 0,76%. Die Bank setzt ihre Expansionsstrategie fort und hat seit 2008 mehrere Institutionen erworben sowie kürzlich ein neues Büro in Bay City eröffnet, um ihre Präsenz im Bay County zu stärken.
- 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
- 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
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Isabella Bank's NIM increased to
2.99% , up from2.83% in 4Q23. - Return on assets of
0.76% , core return on assets of0.74% (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
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