secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000842517-23-000141
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251723000141/0000842517-23-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251723000141/isba-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000842517-23-000141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer