Isabella Bank Q1 net income $5.3M, EPS $0.70, up 12% YoY

ISABELLA BANK CORP

2023-Q1 EPS reported $0.70

Net income $5.3M, up 12.4% from Q1 2022; diluted EPS $0.70 vs $0.63.
Net interest income rose 13.9% ($1.9M) on higher rates and loan growth.
Deposits grew $69.3M (4%) from Dec 31, 2022, driven by money market and CD accounts.
Cash dividend $0.28/share, annualized yield 4.52% based on $24.80 closing price.
Bank remains well-capitalized: Tier 1 Leverage 9.25% vs 5.0% minimum.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ISABELLA BANK CORP reported the three months ended March 31, 2023 results: net income $5.3 million, EPS $0.70.

Period: the three months ended March 31, 2023
Net income: $5.3 million
EPS: $0.70
Result: reported results

Exact text from the filing

The Corporation reported net income of $5.3 million and earnings per common share of $0.70, both substantial increases from the same period in 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ISABELLA BANK CORP filing history →

Source: SEC EDGAR

accession 0000842517-23-000072

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