Isabella Bank Q3 net income $4.4M, down 25% YoY; core loans grow $14.6M

ISABELLA BANK CORP

2023-Q3 EPS reported $1.89

Net income $4.4M ($0.59 EPS) vs $5.9M ($0.78) Q3 2022; 9-month net income $14.4M vs $15.9M.
Net interest income down $1.5M YoY; net yield 3.02% vs 3.28% on rising deposit costs.
Core loans +$14.6M QoQ; deposits +$54.5M (+3.2%) in quarter despite strong pricing competition.
Wealth management fees up 26.4% YoY; cash dividend $0.28/share (annualized yield 5.32%).
Bank well-capitalized (Tier 1 Leverage 8.97%); opened new loan/wealth office in Bay City.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ISABELLA BANK CORP reported three and nine months ended September 30, 2023 results: net income $4.4 million, EPS $0.59.

Period: three and nine months ended September 30, 2023
Net income: $4.4 million
EPS: $0.59
Result: reported results

Exact text from the filing

On October 19, 2023 , Isabella Bank Corporation issued a press release announcing its results of operations for the three and nine months ended September 30, 2023.

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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 0000842517-23-000183

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