earnings
confidence high
sentiment neutral
materiality 0.55
Isabella Bank Q4 net income rises to $4.0M; full year net income $13.9M vs $18.2M in 2023
ISABELLA BANK CORP
2024-FY EPS reported
$1.86
- Q4 2024 net income $4.0M ($0.54 diluted EPS) vs $3.8M ($0.51) in Q4 2023; core earnings $3.9M ($0.52) vs $3.8M ($0.50).
- Full year 2024 net income $13.9M ($1.86 diluted EPS) vs $18.2M ($2.40) in 2023; core earnings $15.0M ($2.01) vs $18.0M ($2.37).
- Net interest margin expanded to 2.99% from 2.83% YoY; loan yield increased to 5.67% from 5.20%.
- Noninterest income up 13% to $4.0M; wealth management income up 13% on higher AUM.
- Tangible book value per share $21.82; AFS securities net unrealized loss $26M (5% of portfolio).