secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0000842517-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000026/0000842517-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000026/isba-20240216.htm
  HTML page:      https://secwatch.observer/filing/0000842517-24-000026

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