secwatch.observer — SEC 8-K summary
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Issuer:     ISABELLA BANK CORP (ISBA)
CIK:        0000842517
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000842517-25-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Isabella Bank Q4 net income rises to $4.0M; full year net income $13.9M vs $18.2M in 2023
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842517/000084251725000016/0000842517-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842517/000084251725000016/isba-20250130.htm
  HTML page:      https://secwatch.observer/filing/0000842517-25-000016

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