earnings
confidence high
sentiment negative
materiality 0.70
Isabella Bank Q2 net income falls to $3.5M ($0.46 EPS) from $4.6M a year ago
ISABELLA BANK CORP
2024-Q2 EPS reported
$0.88
- Net income $3.5M vs $4.6M; diluted EPS $0.46 vs $0.61 in Q2 2023.
- Total loans grew 5% annualized; net interest margin 2.83%, up 5 bp from Q1 but down YoY.
- Deposits fell $46M to $1.72B; funding gap filled with short-term FHLB advances.
- Nonperforming loans ratio low at 0.07%; credit quality remains strong.
- Tangible book value per share $20.60, up from $20.35 at March 31, 2024.