Duyuru • 13h
Isabella Bank Corporation has filed a Follow-on Equity Offering in the amount of $30 million. Isabella Bank Corporation has filed a Follow-on Equity Offering in the amount of $30 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Duyuru • Jun 14
Isabella Bank Corporation (NasdaqCM:ISBA) entered into an Agreement and Plan of Merger to acquire Grand River Commerce, Inc. (OTCPK:GNRV) for $54.5 million. Isabella Bank Corporation (NasdaqCM:ISBA) entered into an Agreement and Plan of Merger to acquire Grand River Commerce, Inc. (OTCPK:GNRV) for $54.5 million on June 11, 2026. Under the terms of the acquisition, Grand River Commerce, Inc. will have the right to elect to receive cash or shares in Isabella Bank Corporation. Elections will be subject to proration procedures whereby 65% of the shares of Grand River common stock will be exchanged for the per share stock consideration and 35% of the shares of Grand River common stock will be exchanged for the cash per share consideration. The 35% shareholders who elects to receive cash will be paid $5.72 in cash and the 65% shareholders who elects to receive shares 0.1415 shares of Isabella common stock for each Grand River common share, subject to adjustment. In aggregate, Isabella Bank Corporation will issue 839,003 shares and pay $18.26 million in cash to Grand River shareholders. The cash consideration will be funded through cash on-hand at holding company.
The transaction is subject to the satisfaction of customary closing conditions, including the receipt of all required regulatory approvals and approval by the shareholders of Grand River Commerce, Inc. The deal has been unanimously approved by the board of directors of Isabella Bank Corporation and Grand River Commerce, Inc. The transaction is expected to close in the fourth quarter of 2026. The transaction has projected EPS accretion of approximately 10.4% and 11% in 2027 and 2028, respectively.
Piper Sandler & Co. acted as financial advisor to Isabella Bank Corporation. Piper Sandler & Co. acted as fairness opinion provider to board of directors of Isabella Bank Corporation. Luse Gorman, P.C acted as legal advisor to Isabella Bank Corporation. Brean Capital, LLC acted as financial advisor to Grand River Commerce, Inc. Brean Capital, LLC acted as fairness opinion provider to the board of directors of Grand River Commerce, Inc. Hunton Andrews Kurth LLP acted as legal advisor to Grand River Commerce, Inc. Declared Dividend • Jun 01
First quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 26th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • May 31
Isabella Bank Corporation Declares Second-Quarter 2026 Cash Dividend, Payable on June 30, 2026 Isabella Bank Corporation announced its Board of Directors declared a second-quarter 2026 cash dividend of $0.28 per common share at its regular meeting on May 26, 2026. The dividend will be payable June 30, 2026 to shareholders of record as of June 26, 2026. Price Target Changed • Apr 28
Price target decreased by 9.6% to US$47.00 Down from US$52.00, the current price target is provided by 1 analyst. New target price is 12% above last closing price of US$41.86. Stock is up 61% over the past year. The company is forecast to post earnings per share of US$3.55 for next year compared to US$2.56 last year. Reported Earnings • Apr 24
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0.68 (up from US$0.53 in 1Q 2025). Revenue: US$20.6m (up 14% from 1Q 2025). Net income: US$4.99m (up 26% from 1Q 2025). Profit margin: 24% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Duyuru • Mar 24
Isabella Bank Corporation, Annual General Meeting, May 05, 2026 Isabella Bank Corporation, Annual General Meeting, May 05, 2026. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (2.6%). Reported Earnings • Mar 18
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$2.56 (up from US$1.86 in FY 2024). Revenue: US$75.0m (up 9.5% from FY 2024). Net income: US$18.9m (up 36% from FY 2024). Profit margin: 25% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Declared Dividend • Mar 04
Fourth quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 27th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (44% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 47% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 27
Isabella Bank Corporation Announces First Quarter Cash Dividend, Payable March 31, 2026 Isabella Bank Corporation announced its Board of Directors declared a first-quarter cash dividend of $0.28 per common share at its regular meeting on February 25, 2026. The dividend will be payable March 31, 2026 to shareholders of record as of March 27, 2026. Based on ISBA’s closing stock price of $49.92 per share as of February 25, 2026, the annualized cash dividend yield is 2.24%. Buy Or Sell Opportunity • Feb 09
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to US$52.95. The fair value is estimated to be US$41.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Reported Earnings • Feb 06
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$2.56 (up from US$1.86 in FY 2024). Revenue: US$75.0m (up 9.5% from FY 2024). Net income: US$18.9m (up 36% from FY 2024). Profit margin: 25% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to US$50.58. The fair value is estimated to be US$41.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Duyuru • Jan 06
Isabella Bank Corporation Announces Chief Financial Officer Changes, Effective January 5, 2026 Isabella Bank Corporation appointed Gerald J. Ritzert as its Chief Financial Officer, effective January 5, 2026. Mr. Ritzert, age 56, has over 30 years of experience in accounting and finance, including significant leadership roles in the banking industry. His most recent position was Executive Vice President and Chief Financial Officer of First National Bank and Trust in Beloit, Wisconsin, since 2021. Mr. Ritzert previously was the Chief Financial Officer of Dollar Bank, FSB in Pittsburgh, Pennsylvania. Ritzert earned a Bachelor of Science in Business Administration Accounting from Robert Morris College in Pittsburgh, Pennsylvania, and is a Certified Public Accountant. He has served on multiple boards and committees, including the Greater Beloit Economic Development Council and the Financial Managers Society. In connection with Mr. Ritzert's appointment, effective January 5, 2026, Neil M. McDonnell, President of Isabella Bank, Isabella Bank Corporation's wholly-owned subsidiary, is no longer acting as the Interim Chief Financial Officer of the company. Mr. McDonnell held the titles of Isabella Bank President and Interim Chief Financial Officer since August 28, 2025. Buy Or Sell Opportunity • Jan 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to US$50.30. The fair value is estimated to be US$41.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Upcoming Dividend • Dec 10
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 17 December 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (2.4%). Buy Or Sell Opportunity • Dec 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to US$50.48. The fair value is estimated to be US$41.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$48.99, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 155% over the past three years. Declared Dividend • Nov 26
Third quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 17th December 2025 Payment date: 19th December 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (35% forecast payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$43.57, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 130% over the past three years. Board Change • Nov 02
High number of new directors Director Brian Tessin was the last director to join the board, commencing their role in 2025. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.71 (up from US$0.44 in 3Q 2024). Revenue: US$20.3m (up 19% from 3Q 2024). Net income: US$5.24m (up 60% from 3Q 2024). Profit margin: 26% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Sep 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to US$34.52. The fair value is estimated to be US$43.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 8.5% in a year. Earnings are forecast to grow by 15% in the next year. Upcoming Dividend • Sep 22
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.4%). New Risk • Sep 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$93k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Declared Dividend • Sep 08
Second quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 26th September 2025 Payment date: 30th September 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 27
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.68 (up from US$0.47 in 2Q 2024). Revenue: US$19.9m (up 17% from 2Q 2024). Net income: US$5.03m (up 45% from 2Q 2024). Profit margin: 25% (up from 21% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$31.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 47% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$31.85, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 55% over the past three years. Declared Dividend • Jun 02
First quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 26th June 2025 Payment date: 30th June 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • May 30
Isabella Bank Corporation Announces Second Quarter 2025 Cash Dividend, Payable on June 30, 2025 Isabella Bank Corporation announced its Board of Directors declared a second-quarter cash dividend of $0.28 per common share. The dividend will be payable June 30, 2025 to shareholders of record as of June 26, 2025. Duyuru • Mar 26
Isabella Bank Corporation, Annual General Meeting, May 06, 2025 Isabella Bank Corporation, Annual General Meeting, May 06, 2025. Location: 2400 east campus drive, mt. pleasant, michigan United States Duyuru • Mar 08
Isabella Bank Corporation and Isabella Bank Announces Board Appointments Jerome Schwind, President and Chief Executive Officer of Isabella Bank Corporation, announced the appointment of David B. Behen (age 55) to the Isabella Bank Board and Isabella Bank Corporation Board of Directors, effective March 3, 2025. Mr. Behen brings a wealth of experience to the Isabella Bank Corporation Board of Directors, holding executive leadership roles in the private and public sector for more than 20 years. Notably, he was a cabinet member for Michigan Governor Rick Snyder, serving as Director of the Department of Technology, Management, and Budget, and State Chief Information Officer. Under his leadership, Michigan gained national recognition for its advancements in information technology and cybersecurity. Additionally, Mr. Behen co-founded a software company, InfoReady Corporation, and served as Vice President and Chief Information Officer for its parent company, GDI Infotech. He was the Vice President and Chief Information Officer for La-Z-Boy Incorporated, leading global information technology reinvention and development of their cybersecurity program. Presently, Mr. Behen is the co-founder and Chief Strategy Officer at SensCy, a cybersecurity company focused on small and medium-sized organizations.
Mr. Behen earned both his Bachelor of Science and Master of Public Administration from Eastern Michigan University. He has received many esteemed awards and recognition for his contributions to information technology and cybersecurity, including the CIO 100 Award in 2006, 2007, 2013, 2016, and 2020. Mr. Behen holds several board and committee positions for professional and technology organizations. He is a past member of the Western Michigan University Board of Trustees and a current member of the Eastern Michigan University College of Engineering and Technology Advisory Board. Additionally, Mr. Behen is expected to serve on the Corporation's Compensation and Human Resource Committee and the Board Risk Committee of Isabella Bank. Mr. Behen will serve a term as a director until the Corporation's Annual Meeting of Shareholders in 2026. Duyuru • Jan 31
Isabella Bank Corporation Reports Net Charge-Offs for the Fourth Quarter December 31 2024 Isabella Bank Corporation reported net charge-offs for the fourth quarter December 31 2024. For the period, Company reported net charge-offs totaling $102,000 against $381,000 in net charge-offs in the same period of 2023. Duyuru • Oct 25
Isabella Bank Corporation Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2024 Isabella Bank Corporation reported Net loan charge-offs for the third quarter ended September 30, 2024. For the quarter, the company's net loan charge-offs was $1,359,000. Duyuru • Oct 12
Isabella Bank Corporation and Isabella Bank Announce Retirement of Thomas L. Kleinhardt and Gregory V. Varner as Directors Effective August 31, 2024, Thomas L. Kleinhardt and Gregory V. Varner retired as directors of Isabella Bank Corporation (the Corporation) and its subsidiary, Isabella Bank, after reaching the mandatory age for retirement according to the Corporation’s bylaws. Mr. Kleinhardt served as a director for 26 years collectively between the Corporation and Isabella Bank boards. Mr. Varner served as a director of the Corporation and Isabella Bank for 9 years. Duyuru • Sep 05
Isabella Bank Corporation Announces Cash Dividend for Third Quarter 2024, Payable on September 30, 2024 Isabella Bank Corporation announced its Board of Directors declared a third-quarter cash dividend of $0.28 per common share at its regular meeting on August 28, 2024. The dividend will be payable September 30, 2024 to shareholders of record as of September 26, 2024. Based on ISBA's closing stock price of $19.15 per share as of August 28, 2024, the annualized cash dividend yield is 5.85%. Duyuru • May 31
Isabella Bank Corporation Declares Second Quarter 2024 Dividend, Payable on June 28, 2024 Isabella Bank Corporation announced its Board of Directors declared a second-quarter cash dividend of $0.28 per common share at its regular meeting on May 29, 2024. The dividend will be payable June 28, 2024 to shareholders of record as of June 26, 2024. Based on ISBA's closing stock price of $19.00 per share as of May 29, 2024, the annualized cash dividend yield is 5.89%. Duyuru • Mar 26
Isabella Bank Corporation, Annual General Meeting, May 07, 2024 Isabella Bank Corporation, Annual General Meeting, May 07, 2024, at 17:00 US Eastern Standard Time. Location: Courtyard by Marriott, 2400 East Campus Drive, Mt. Pleasant Michigan United States Agenda: To consider the election of three directors; to consider the ratify the appointment of Rehmann Robson LLC as the independent registered public accounting firm for the year ending December 31, 2024; and to discuss other matters. Duyuru • Mar 01
Isabella Bank Corporation Declares First-Quarter Cash Dividend, Payable on March 29, 2024 Isabella Bank Corporation announced its Board of Directors declared a first-quarter cash dividend of $0.28 per common share at its regular meeting on February 28, 2024. The dividend will be payable March 29, 2024 to shareholders of record as of March 27, 2024. Duyuru • Feb 02
Isabella Bank Corporation and Isabella Bank Appoints Neil M. McDonnell to the Board of Directors On December 13, 2023, the Board of Directors of Isabella Bank Corporation appointed Neil M. McDonnell to the Board of Directors of Isabella Bank Corporation and to the Board of Directors of Isabella Bank effective January 31, 2024. Mr. McDonnell will serve a term as a director until the Corporation's Annual Meeting of Shareholders in 2025. Mr. McDonnell, age 60, was recently appointed President of Isabella Bank after serving as the Chief Financial Officer since joining Isabella Bank in 2018. During his time with Isabella Bank, he has led a number of initiatives that have driven Isabella Bank’s strategic plan and improved key metrics, including shareholder value. Mr. McDonnell has more than 30 years of banking experience and previously worked in the eastern United States in roles such as CFO, controller, treasurer, compliance and risk officer, and director of finance at large international banks, local community banks and de novo banks. He is a newly-elected member of the Board of Directors of Community Bankers of Michigan, a member of the Mid-Michigan Industries Board of Directors and volunteers with Habitat for Humanity of Isabella County Finance Committee. Duyuru • Dec 01
Isabella Bank Corporation Announces Fourth Quarter Dividend for 2023, Payable on December 15, 2023 Isabella Bank Corporation announced its Board of Directors declared a fourth-quarter cash dividend of $0.28 per common share at its regular meeting on November 29, 2023. The $0.28 dividend brings year-to-date cash dividends to $1.12, increasing 2.75% over cash dividends paid in 2022. The dividend will be payable December 15, 2023 to shareholders of record as of December 13, 2023. Duyuru • Sep 07
Isabella Bank Corporation Declares Third-Quarter Cash Dividend, Payable September 29, 2023 Isabella Bank Corporation announced its Board of Directors declared a third-quarter cash dividend of $0.28 per common share at its regular meeting on August 30, 2023. The dividend will be payable September 29, 2023 to shareholders of record as of September 27, 2023. Based on ISBA's closing stock price of $20.18 per share as of August 30, 2023, the annualized cash dividend yield is 5.55%. New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Duyuru • Jun 02
Isabella Bank Corporation Declares Second Quarter Cash Dividend, Payable on June 30, 2023 Isabella Bank Corporation announced that its Board of Directors declared a second-quarter cash dividend of $0.28 per common share at its regular meeting on May 31, 2023. The dividend will be payable June 30, 2023 to shareholders of record as of June 28, 2023. Duyuru • Dec 08
Melinda M. Coffin Joins Boards of Isabella Bank Corporation and Isabella Bank Jae Evans, President and Chief Executive Officer of Isabella Bank Corporation, announced the appointment of Melinda M. Coffin to the Boards of Isabella Bank Corporation and Isabella Bank, effective November 30, 2022. Ms. Coffin earned her Master of Business Administration from Central Michigan University. While earning her degree, she began her career as a Compliance Officer for Soaring Eagle Gaming Enterprises. Ms. Coffin went on to be Associate General Manager of Soaring Eagle Waterpark and Hotel, as well as Executive Director of Gun Lake Gaming Commission. Most recently, she served as Director of Guest Experience at Soaring Eagle Gaming Enterprises and worked in that role until October 2021, when she was appointed Chief Executive Officer of Soaring Eagle Gaming Enterprises. In her spare time, she helps deliver food at reoccurring food distribution events. In addition, Ms. Coffin helps serve food at Isabella County Restoration House’s weekly events. Charitable contributions are important to Ms. Coffin and she is happy to give monetary support to local organizations such as Salvation Army and Central Michigan University Student Fund. Ms. Coffin is a member of the Saginaw Chippewa Indian Tribe and has extensive knowledge and experience within and outside of the gaming industry. She has spent most of her life in the Central Michigan area, and currently resides in Mt. Pleasant. Duyuru • Dec 07
Isabella Bank Corporation Declares Fourth-Quarter Cash Dividend, Payable on December 16, 2022 Isabella Bank Corporation announced its Board of Directors declared a fourth-quarter cash dividend of $0.28 per common share at its regular meeting on November 30, 2022. The $0.28 dividend represents a $0.01 or 3.7% increase from the third quarter dividend and brings year-to-date dividends to $1.09. The dividend will be payable December 16, 2022, to shareholders of record as of December 14, 2022. Duyuru • Oct 21
Isabella Bank Corporation Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022 Isabella Bank Corporation reported net loan charge-offs for the third quarter ended September 30, 2022. For the third quarter, the company reported net loan charge-offs of $41,000 compared to $160,000 a year ago. Duyuru • Sep 08
Isabella Bank Corporation Declares Third-Quarter Cash Dividend on Common Share, Payable on September 30, 2022 Isabella Bank Corporation announced its Board of Directors declared a third-quarter cash dividend of $0.27 per common share at its regular meeting on August 31, 2022. The dividend will be payable September 30, 2022, to shareholders of record as of September 28, 2022. Based on ISBA’s closing stock price of $23.45 per share as of August 31, 2022, the annualized cash dividend yield is 4.61%. Duyuru • Jun 01
Isabella Bank Corporation Declares Second-Quarter Cash Dividend, Payable on June 30, 2022 Isabella Bank Corporation announced its Board of Directors declared a second-quarter cash dividend of $0.27 per common share at its regular meeting on May 25, 2022. The dividend will be payable June 30, 2022, to shareholders of record as of June 28, 2022. Duyuru • Feb 26
Isabella Bank Corporation Announces First Quarter 2022 Dividend, Payable on March 31, 2022 Isabella Bank Corporation announced its Board of Directors declared a first-quarter cash dividend of $0.27 per common share at its regular meeting on February 23, 2022. The dividend will be payable March 31, 2022, to shareholders of record as of March 29, 2022. Duyuru • Sep 02
Isabella Bank Corporation (OTCPK:ISBA) announces an Equity Buyback for $20 million worth of its shares. Isabella Bank Corporation (OTCPK:ISBA) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of common stock. The shares will be repurchased at a price per share of not less than $23.00 and not more than $27.00 per share in cash. The company expects to fund the tender offer with cash on hand. The purpose of the program is reducing dilution and obtaining liquidity. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The company can exercise the Tender Clause to repurchase over and above of what it plans by 2%. The program is valid till October 13, 2021. As of August 31, 2021, we had 7,948,250 shares of common stock outstanding. Duyuru • Jun 03
Isabella Bank Corporation announced that it has received $30 million in funding Isabella Bank Corporation (OTCPK:ISBA) announced that it has entered into a subordinated note purchase agreement with certain qualified institutional buyers and institutional accredited investors to issue 3.25% fixed to floating rate subordinated notes due 2031 for gross proceeds of $30 million on June 2, 2021. The notes are unsecured, mature on June 15, 2031 and bear interest at a fixed annual rate of 3.25%, payable semi-annually in arrears, to but excluding June 15, 2026. From and including June 15, 2026 to but excluding the maturity date or early redemption date, the interest rate will reset quarterly to an interest rate per annum initially equal to the then-current three-month Secured Overnight Financing Rate (SOFR) plus 256 basis points, payable quarterly in arrears. The company is entitled to redeem the notes, in whole or in part, at any time on or after June 15, 2026, and to redeem the notes at any time in whole upon certain other events. Any redemption of the notes will be subject to prior regulatory approval to the extent required. The notes were offered and sold by the company to the investors in a private offering in reliance on the Section 4(a)(2) exemption from the registration requirements of the Securities Act of 1933, as amended. Duyuru • Jun 02
Isabella Bank Corporation Declares Cash Dividend for the Second Quarter of 2021, Payable on June 30, 2021 On June 1, 2021, Isabella Bank Corporation announced that its Board of Directors declared $0.27 per common share second quarter cash dividend, payable June 30, 2021 to shareholders of record as of June 28, 2021. Duyuru • Mar 03
Isabella Bank Corporation and Isabella Bank Announce Board Changes, Effective March 31, 2021 On February 24, 2021, the Board of Directors of the Corporation appointed Richard L. McGuirk (age 49) to the Board of Directors of Isabella Bank Corporation and to the Board of Directors of Isabella Bank effective March 31, 2021. Mr. McGuirk will serve a term as a director until the Corporation's Annual Meeting of Shareholders in 2021.
Mr. McGuirk will serve on the Corporation's Loan and Trust committees. Also on February 24, 2021, the Board of Directors of the Corporation appointed Chad R. Payton (age 52) to the Board of Directors of Isabella Bank Corporation and to the Board of Directors of Isabella Bank effective March 31, 2021. Mr. Payton will serve a term as a director until the Corporation's Annual Meeting of Shareholders in 2022.Mr. Payton will serve on the Corporation's Audit, Information Technology and Finance committees. Duyuru • Feb 18
An unknown buyer acquired an unknown minority stake in Corporate Settlement Solutions, LLC from Isabella Bank Corporation (OTCPK:ISBA). An unknown buyer acquired an unknown minority stake in Corporate Settlement Solutions, LLC from Isabella Bank Corporation (OTCPK:ISBA) in the fourth quarter of 2020.
An unknown buyer completed the acquisition of an unknown minority stake in Corporate Settlement Solutions, LLC from Isabella Bank Corporation (OTCPK:ISBA) in the fourth quarter of 2020.