Highest-materiality recent filing
Isabella Bank Corp enters $30M ATM equity distribution agreement with Piper Sandler
Up to $30M of common stock may be sold at-the-market through Piper Sandler & Co.
Isabella Bank Corp signs merger with Grand River Commerce; $18.3M cash plus 839K shares
65% stock / 35% cash mix; estimated ~$5.72 per share cash and ~0.1415 exchange ratio based on 9.12M Grand River shares.
Isabella Bank to acquire Grand River Commerce in ~$54.6M cash/stock deal; enters Grand Rapids market
Transaction valued at ~$54.6M; 65% stock / 35% cash mix.
Isabella Bank declares Q2 dividend of $0.28 per share, yield 2.69%
Second-quarter cash dividend of $0.28 per common share declared by board.
Isabella Bank Corp annual meeting results: all four proposals approved by shareholders
Brian Tessin elected director for 1-year term (3,320,363 for, 66,622 withheld).
Isabella Bank Q1 net income $5.0M ($0.68 EPS) vs $3.9M ($0.53) YoY; NIM expands to 3.33%
Net income rose 26% to $5.0M; diluted EPS $0.68 vs $0.53 in Q1 2025.
Jae A. Evans resigns from Isabella Bank Corp board, effective March 23, 2026
Jae A. Evans resigned from the boards of Isabella Bank Corporation and its subsidiary Isabella Bank.
Isabella Bank declares $0.28 Q1 dividend payable March 31, 2026
Cash dividend of $0.28 per common share for Q1 2026.
Isabella Bank reports Q4 2025 EPS of $0.64, full-year EPS $2.56; net income rises 36% YoY
Q4 net income $4.7M ($0.64 diluted EPS) vs $4.0M ($0.54) in Q4 2024; full-year net income $18.9M ($2.56) vs $13.9M ($1.86).
Isabella Bank appoints Gerald J. Ritzert as CFO effective January 5, 2026
Ritzert, age 56, brings over 30 years of banking finance experience.
Isabella Bank declares $0.28 quarterly dividend; 2.77% yield at $40.50 close
Q4 cash dividend of $0.28 per common share declared on November 19, 2025.
Isabella Bank Q3 2025 net income $5.2M, EPS $0.71; NIM reaches 3.15%
Net income $5.2M ($0.71 diluted EPS) vs $3.3M ($0.44) in Q3 2024.
Isabella Bank appoints Brian Tessin, Dow Chief Tax Officer, to its boards effective Oct 6, 2025
Brian Tessin appointed to Isabella Bank Corp and Isabella Bank boards, term until 2026 annual meeting.
Isabella Bank Board approves amended bylaws with exclusive-forum and governance updates
Board adopted Second Amended and Restated Bylaws on Sept 24, 2025, effective immediately.
Isabella Bank terminates CFO Schaefer; McDonnell named interim CFO
William M. Schaefer terminated as CFO effective Aug 28, 2025; no disagreement on operations or controls.
Isabella Bank Corp declares $0.28 quarterly dividend, payable Sept 30
Third-quarter cash dividend of $0.28 per common share declared.
Isabella Bank Corporation Reports Q2 2025 Net Income of $5.0M, or $0.68 per Share
Net income for Q2 2025 was $5.0 million ($0.68 per share), up from $3.5 million ($0.46 per share) in Q2 2024.
Isabella Bank Corp director Chad R. Payton resigns effective June 30, 2025
Chad R. Payton resigned from the Board of Directors and all board committees effective June 30, 2025.
Isabella Bank declares $0.28 Q2 cash dividend payable June 30, 2025
Second quarter cash dividend of $0.28 per common share.
Isabella Bank Corporation reports 2025 annual meeting vote results
Elected directors: McDonnell 3,222,524 For; Opperman 3,230,938; Payton 3,219,606; Sackett 3,223,052.
Isabella Bank Corp common stock approved for Nasdaq listing starting May 12, 2025
Shares will trade on Nasdaq Capital Market under symbol ISBA beginning May 12, 2025.
Isabella Bank Corp increases share repurchase authorization by 500,000 shares
Board approved 500,000 additional shares; authorization available now 538,448 shares.
Isabella Bank Q1 net income $3.9M ($0.53 EPS); NIM expands to 3.06%
Net income $3.9M vs $3.1M in Q1 2024; diluted EPS $0.53 vs $0.42.
Isabella Bank continues Nasdaq uplisting application; target by end of April 2025
Market capitalization approximately $159M as of April 8, 2025.
Isabella Bank Corp awards restricted stock to CEO, two officers; amends SERP interest calculation
CEO Schwind eligible for restricted stock at 40% of salary, McDonnell 30%, Schaefer 25%, contingent on 2025 EPS growth and ROE targets.
Isabella Bank appoints David B. Behen to its Board of Directors effective March 3, 2025
David B. Behen, age 55, appointed to boards of Isabella Bank Corporation and Isabella Bank effective March 3, 2025.
Isabella Bank declares $0.28 Q1 dividend, payable March 31
Dividend of $0.28 per common share for Q1 2025.
Isabella Bank Q4 net income rises to $4.0M; full year net income $13.9M vs $18.2M in 2023
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).
Isabella Bank Corp appoints Plante & Moran as new auditor for FY2025
Appointed Plante & Moran, PLLC as independent auditor for fiscal year ending December 31, 2025, effective January 27, 2025.
Isabella Bank amends 8-K to clarify dividend press release was not issued; dividend unchanged
Original 8-K filed Nov 21, 2024 incorrectly stated a press release was issued for the dividend.
Isabella Bank declares $0.28 Q4 dividend, yield 4.50% based on $24.89 close
Quarterly cash dividend $0.28 per share declared on November 20, 2024.
Isabella Bank Q3 net income $3.3M ($0.44) down from $4.4M; core EPS $0.61
GAAP net income $3.3M vs $4.4M in Q3 2023; diluted EPS $0.44 vs $0.58.
Two directors retire from Isabella Bank Corp after reaching mandatory age
Thomas L. Kleinhardt retired as director effective Aug 31, 2024, after 26 years of service.
Isabella Bank reports $1.6M loss from single customer deposit accounts; total exposure $4.0M
Negative deposit balances from one customer cause $1.6M loss; recovery efforts underway.
Isabella Bank appoints Brian R. Sackett to Board of Directors effective Sept 15, 2024
Appointment of Brian R. Sackett (age 54) to the Board of Isabella Bank Corporation and Isabella Bank, effective September 15, 2024.
Isabella Bank Corp declares $0.28 Q3 dividend, payable Sept 30
Third-quarter cash dividend of $0.28 per common share declared by Board on August 28, 2024.
Isabella Bank Corp enters SERP and restricted stock agreements with CFO Schaefer
21-year SERP with CFO Schaefer provides annual credits totaling $245,000, effective August 6, 2024.
Isabella Bank Q2 net income falls to $3.5M ($0.46 EPS) from $4.6M a year ago
Net income $3.5M vs $4.6M; diluted EPS $0.46 vs $0.61 in Q2 2023.
Isabella Bank declares $0.28 quarterly dividend, 5.89% yield
Q2 cash dividend of $0.28 per common share, payable June 28, 2024 to holders of record June 26, 2024.
Isabella Bank shareholders elect three directors and ratify auditor at 2024 annual meeting
Directors elected: Jill Bourland (3,233,232 for), Jae A. Evans (3,197,221 for), Jerome E. Schwind (3,228,220 for); broker non-votes of 662,550.
Isabella Bank Q1 net income falls to $3.1M from $5.3M YoY; EPS $0.42 vs $0.70
Net income of $3.1M ($0.42 diluted EPS) vs $5.3M ($0.70) in Q1 2023; net interest margin compressed to 2.78% from 3.22%.
Isabella Bank appoints William Schaefer as CFO; McDonnell returns to President role
William M. Schaefer appointed CFO effective April 1, 2024, succeeding interim CFO Neil McDonnell.
Isabella Bank adopts clawback policy, grants $1.4M SERP credits, restricted stock to two execs
Board adopted clawback policy effective Jan 1, 2024 for performance-based compensation.
Isabella Bank director Richard L. McGuirk will not seek re-election at 2024 annual meeting
Richard L. McGuirk informed the Board he will not stand for re-election to the Isabella Bank Corporation or Isabella Bank boards.
Isabella Bank auditor Rehmann declines reappointment after 2024 audit due to integrated audit exit
Rehmann informed Isabella Bank on March 4, 2024 it will not stand for reappointment after the FY 2024 audit.
Isabella Bank declares $0.28 quarterly dividend, payable March 29, 2024
First-quarter cash dividend of $0.28 per share declared by Board on Feb 28, 2024.
Isabella Bank Q4 net income $3.8M; FY 2023 net income $18.2M down from $22.2M
Net income Q4 $3.8M ($0.51 EPS), full year $18.2M ($2.42 EPS), down from $22.2M in 2022.
Isabella Bank appoints Neil M. McDonnell to board of directors effective Jan 31, 2024
Neil M. McDonnell, age 60, appointed to boards of Isabella Bank Corporation and Isabella Bank effective January 31, 2024.
Isabella Bank CEO succession effective: Evans retired Jan 4, Schwind took over Jan 5
Jae A. Evans retired as President and CEO of Isabella Bank Corp and CEO of the Bank on January 4, 2024; remains a director.
Isabella Bank declares $0.28 Q4 dividend; YTD dividends up 2.75%
Q4 cash dividend of $0.28 per share, payable Dec 15, 2023 to holders of record Dec 13, 2023.
On January 29, 2025, the Board of Directors of Isabella Bank Corporation (the "Corporation") appointed David B. Behen (age 55) to the Board of Directors of the Corporation and to the Board of Directors of Isabella Bank effective March 3, 2025.
Effective August 31, 2024, Thomas L. Kleinhardt and Gregory V. Varner retired as directors of Isabella Bank Corporation (the “Corporation”) and its subsidiary, Isabella Bank, after reaching the mandatory age for retirement according to the Corporation’s bylaws.
Effective August 31, 2024, Thomas L. Kleinhardt and Gregory V. Varner retired as directors of Isabella Bank Corporation (the “Corporation”) and its subsidiary, Isabella Bank, after reaching the mandatory age for retirement according to the Corporation’s bylaws.
On August 28, 2024, the Board of Directors of the Corporation appointed Brian R. Sackett (age 54) to the Board of Directors of Isabella Bank Corporation and to the Board of Directors of Isabella Bank effective September 15, 2024.
In connection with Mr. Schaefer's appointment, effective April 1, 2024, Neil M. McDonnell resumed his role as President of Isabella Bank.
On April 1, 2024, William M. Schaefer was appointed as the Chief Financial Officer of Isabella Bank Corporation.
On March 12, 2024, Richard L. McGuirk informed the Board of Directors of Isabella Bank Corporation (the "Corporation") that he will not seek re-election to the Corporation's Board of Directors nor the appointment to the Board of Directors of Isabella Bank, the Corporation's subsidiary.
On December 13, 2023, the Board of Directors of the Corporation appointed Neil M. McDonnell to the Board of Directors of Isabella Bank Corporation and to the Board of Directors of Isabella Bank effective January 31, 2024.
Subsequently, the election of Jerome E. Schwind to President and Chief Executive Officer of the Corporation and Chief Executive Officer of Isabella Bank was effective January 5, 2024.
On January 4, 2024, Jae A. Evans retired as President and Chief Executive Officer of Isabella Bank Corporation (the “Corporation”) and Chief Executive Officer of Isabella Bank.
Additionally, the appointment of Neil M. McDonnell as President of Isabella Bank was effective January 5, 2024.
On April 26, 2023, Jae A. Evans announced his retirement as President and Chief Executive Officer of Isabella Bank Corporation (the "Corporation"), to the Corporation's Board of Directors (the "Board").
Max materiality 0.80 · Median 0.40 · Most common event other_material