Stock Analysis Report

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Executive Summary

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking services to businesses, institutions, and individuals and their families.

Snowflake Analysis

Flawless balance sheet established dividend payer.

Similar Companies

Share Price & News

How has Isabella Bank's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: ISBA has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: ISBA underperformed the US Banks industry which returned -16.6% over the past year.

Return vs Market: ISBA underperformed the US Market which returned 18% over the past year.

Shareholder returns

7 Day3.4%1.3%0.5%
30 Day-2.6%3.9%4.5%
90 Day1.5%20.1%19.7%
1 Year-19.5%-23.7%-13.7%-16.6%20.5%18.0%
3 Year-31.3%-39.9%-7.2%-14.7%46.3%36.8%
5 Year-8.9%-25.9%23.2%8.0%87.2%66.8%

Price Volatility Vs. Market

How volatile is Isabella Bank's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


Is Isabella Bank undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ISBA ($17.05) is trading above our estimate of fair value ($16.77)

Significantly Below Fair Value: ISBA is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: ISBA is poor value based on its PE Ratio (10.7x) compared to the US Banks industry average (10x).

PE vs Market: ISBA is good value based on its PE Ratio (10.7x) compared to the US market (19.3x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ISBA's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ISBA is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).

Next Steps

Future Growth

How is Isabella Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Isabella Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

  • Examine Isabella Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Isabella Bank's filings and announcementshere.
  • Explore growth companies in the Banks industry.

Past Performance

How has Isabella Bank performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ISBA has high quality earnings.

Growing Profit Margin: ISBA's current net profit margins (22.4%) are lower than last year (24.8%).

Past Earnings Growth Analysis

Earnings Trend: ISBA's earnings have declined by 1.8% per year over the past 5 years.

Accelerating Growth: ISBA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ISBA had negative earnings growth (-15.6%) over the past year, making it difficult to compare to the Banks industry average (-3%).

Return on Equity

High ROE: ISBA's Return on Equity (5.7%) is considered low.

Next Steps

Financial Health

How is Isabella Bank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: ISBA's Assets to Equity ratio (8.7x) is low.

Allowance for Bad Loans: ISBA has a sufficient allowance for bad loans (165%).

Low Risk Liabilities: 85% of ISBA's liabilities are made up of primarily low risk sources of funding.

Loan Level: ISBA has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: ISBA's Loans to Deposits ratio (89%) is appropriate.

Level of Bad Loans: ISBA has an appropriate level of bad loans (0.4%).

Next Steps


What is Isabella Bank current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ISBA's dividend (6.33%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: ISBA's dividend (6.33%) is in the top 25% of dividend payers in the US market (4.32%)

Stability and Growth of Payments

Stable Dividend: ISBA's dividends per share have been stable in the past 10 years.

Growing Dividend: ISBA's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.4%), ISBA's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Jae Evans (63 yo)





Mr. Jae A. Evans serves as Director at United Bankers' Bancorporation, Inc. and United Bankers' Bank since March 2020. Mr. Evans has been the Chief Executive Officer of Isabella Bank Corporation since Janu ...

CEO Compensation Analysis

Compensation vs Market: Jae's total compensation ($USD527.84K) is about average for companies of similar size in the US market ($USD589.30K).

Compensation vs Earnings: Jae's compensation has been consistent with company performance over the past year.

Leadership Team

Jae Evans
$ 332.6k
Neil McDonnell
Chief Financial Officer2.58yrsUS$293.41k0.019%
$ 26.2k
Jerome Schwind
VP & Director3yrsUS$415.30k0.14%
$ 192.4k
Debra Campbell
Corporate Secretaryno datano datano data
Douglas McFarlane
President of IBT Title and Insurance Agency Incno dataUS$134.93kno data
Michael Prisby
Treasurerno datano data0.15%
$ 199.7k
Patricia Plaxton
Vice Presidentno datano datano data
Mary Olivieri
Community Relations Officerno datano datano data
Miles Coffland
Assistant Vice President of Auditingno datano datano data
Jennifer Gill
Assistant Vice President of Finance and Reportingno datano datano data
Chari Turnwald
Assistant Vice President of Bank Secrecy Act/Anti-Money Launderingno datano datano data
Jenn Brick
Marketing Director of Isabella Bank and Assistant Vice President of Isabella Bank4.33yrsno datano data


Average Tenure


Average Age

Experienced Management: ISBA's management team is considered experienced (4.3 years average tenure).

Board Members

Jae Evans
$ 332.6k
Jerome Schwind
VP & Director3yrsUS$415.30k0.14%
$ 192.4k
David Maness
Independent Chairman of the Board10.25yrsUS$53.75k0.52%
$ 702.4k
Thomas Kleinhardt
Independent Director10.58yrsUS$41.75k1.1%
$ 1.5m
G. Hubscher
Independent Director10.58yrsUS$31.55k2.69%
$ 3.7m
Jeffrey Barnes
Independent Director10.58yrsUS$31.55k0.31%
$ 421.6k
Sarah Opperman
Independent Director8.08yrsUS$41.95k0.20%
$ 277.7k
Gregory Varner
Independent Director5yrsUS$45.78k0.22%
$ 301.4k
Jill Bourland
Independent Director3yrsUS$39.80k0.027%
$ 36.1k
Vicki Rupp
Independent Director0.83yrUS$5.85k0.015%
$ 20.7k


Average Tenure


Average Age

Experienced Board: ISBA's board of directors are considered experienced (7.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ISBA insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Isabella Bank Corporation's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Isabella Bank Corporation
  • Ticker: ISBA
  • Exchange: OTCPK
  • Founded: 1903
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$136.027m
  • Shares outstanding: 7.98m
  • Website: https://www.isabellabank.com

Number of Employees


  • Isabella Bank Corporation
  • 401 North Main Street
  • Mount Pleasant
  • Michigan
  • 48858-1649
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISBAOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2003


Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking services to businesses, institutions, and individuals and their families. Its deposit products ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 05:57
End of Day Share Price2020/08/14 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.