Isabella Bank reports Q2 net income $4.6M; EPS $0.62; loan growth 5%

ISABELLA BANK CORP

2023-Q2 EPS reported $1.31

Net income $4.6M ($0.62 EPS) in Q2 2023, down from $5.3M ($0.71) in Q2 2022.
Gross loans grew $64M (5%) during Q2 to $1.3B; nonperforming loans were 0.28%.
Net interest income fell $248k in Q2 YoY but rose $1.6M in the first six months.
Deposits decreased $29.3M (1.7%) from Dec 2022 due to competitive pricing pressures.
Q2 dividend $0.28/share; annualized yield 5.46%; capital ratios well above well-capitalized minimums.

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 second quarter of 2023 and the six-month period ended June 30, 2023 results: net income $4.6 million for the second quarter of 2023 and $10 million for the six-month period ended June 30, 2023, EPS $0.62 for the second quarter of 2023 and $1.32 for the first half of the year.

Period: the second quarter of 2023 and the six-month period ended June 30, 2023
Net income: $4.6 million for the second quarter of 2023 and $10 million for the six-month period ended June 30, 2023
EPS: $0.62 for the second quarter of 2023 and $1.32 for the first half of the year
Result: reported results

Exact text from the filing

Isabella Bank Corporation (the “Corporation”) (OTCQX: ISBA) has reported net income of $4.6 million for the second quarter of 2023 and $10 million for the six-month period ended June 30, 2023. Earnings per common share were $0.62 for the second quarter of 2023 and $1.32 for the first half of the year.

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Source: SEC EDGAR

accession 0000842517-23-000141

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