secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000842517-24-000192
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Isabella Bank Q3 net income $3.3M ($0.44) down from $4.4M; core EPS $0.61
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000192/0000842517-24-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251724000192/isba-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000842517-24-000192

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