secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000842517-23-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251723000022/0000842517-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251723000022/isba-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000842517-23-000022

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