secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000842517-24-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Isabella Bank Q1 net income falls to $3.1M from $5.3M YoY; EPS $0.42 vs $0.70
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- Net income of $3.1M ($0.42 diluted EPS) vs $5.3M ($0.70) in Q1 2023; net interest margin compressed to 2.78% from 3.22%.
- Total loans grew $16M to $1.37B; commercial loans up $18.3M, led by construction and real estate sectors.
- Deposits increased $44.6M to $1.77B; wealth management AUM rose $89.2M to $660.6M.
- Nonperforming loans remained low at 0.09% of total loans; allowance for credit losses $13.4M.
- Quarterly cash dividend maintained at $0.28 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000081/0000842517-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000081/isba-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000842517-24-000081

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