earnings
confidence high
sentiment neutral
materiality 0.65
Isabella Bank Q3 net income $3.3M ($0.44) down from $4.4M; core EPS $0.61
ISABELLA BANK CORP
2024-Q3 EPS reported
$1.32
- GAAP net income $3.3M vs $4.4M in Q3 2023; diluted EPS $0.44 vs $0.58.
- Core earnings (non-GAAP) $4.6M, $0.61 diluted share, up 5% YoY.
- Results include $1.6M charge for overdrawn deposit accounts from a single customer.
- Loan growth 12% annualized; deposits +14% annualized; NIM 2.98%.
- Tangible book value per share rose to $22.14 from $20.60 at June 30, 2024.