Isabella Bank Q4 net income $3.8M; FY 2023 net income $18.2M down from $22.2M

ISABELLA BANK CORP

2023-FY EPS reported $2.40

Net income Q4 $3.8M ($0.51 EPS), full year $18.2M ($2.42 EPS), down from $22.2M in 2022.
Gross loans grew $85M (+7%) to $1.35B; wealth assets up 25% to $641M.
Net interest income down $2.5M (-4.2%) for the year; net yield 3.05% vs 3.18%.
Deposits declined $20.6M (-1.2%) to $1.72B; borrowings increased to fund loan growth.
Dividend increased 2.75% to $1.12 per share annual; yield 5.21%.

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 0.9

ISABELLA BANK CORP reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 16, 2024 , Isabella Bank Corporation issued a press release announcing its results of operations for the quarter and year ended December 31, 2023.

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ISABELLA BANK CORP filing history →

Source: SEC EDGAR

accession 0000842517-24-000026

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