Isabella Bank reports record net income of $22.2M in 2022; EPS up 19% to $2.95

ISABELLA BANK CORP

2022-FY EPS reported $2.91

Q4 net income $6.3M (EPS $0.84) vs $4.8M ($0.63) in Q4 2021; full-year net income $22.2M, up 14%.
Net interest income for 2022 rose 14.8% to $60.5M, driven by higher rates and reduced borrowing costs.
Nonperforming loans fell to 0.04% of total loans ($457K) vs 0.10% at year-end 2021.
Quarterly dividend increased 3.7% to $0.28 per share; annualized yield of 4.77% at $23.50 stock price.
Total deposits grew 2% to $1.74B; Bank remains well capitalized with Tier 1 Leverage Ratio of 9.36%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ISABELLA BANK CORP reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 9, 2023 , Isabella Bank Corporation issued a press release announcing its results of for the quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000842517-23-000022

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