NASDAQ : ISBA
Isabella Bank Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 39.69 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 302.79M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 88.73M | 81.43M | 77.30M | 65.67M | 53.28M | 51.41M |
| Interest Income on Investments | 15.41M | 14.60M | 12.68M | 13.96M | 12.52M | 8.70M |
| Total Interest Income | 104.14M | 96.03M | 89.98M | 79.63M | 65.80M | 60.11M |
| Interest Paid on Deposits | 28.11M | 30.25M | 29.69M | 18.35M | 4.02M | 5.44M |
| Interest Paid on Borrowings | 4.97M | 3.25M | 4.45M | 3.33M | 1.30M | 1.97M |
| Total Interest Expense | 33.07M | 33.49M | 34.14M | 21.69M | 5.32M | 7.41M |
| Net Interest Income | 71.07M | 62.54M | 55.84M | 57.94M | 60.48M | 52.70M |
| Trust Income | 4.60M | 4.25M | 4.04M | 3.56M | 3.00M | 3.07M |
| Gain (Loss) on Sale of Investments | 67.00K | |||||
| Other Non-Interest Income | 12.97M | 11.54M | 10.32M | 9.89M | 10.03M | 9.06M |
| Total Non-Interest Income | 17.75M | 15.97M | 14.58M | 13.83M | 13.67M | 13.82M |
| Revenues Before Loan Losses | 88.81M | 78.51M | 70.41M | 71.77M | 74.15M | 66.52M |
| Provision for Loan Losses | 1.98M | -563.00K | 1.88M | 629.00K | 483.00K | -518.00K |
| Revenue | 86.83M | 79.07M | 68.53M | 71.14M | 73.66M | 67.04M |
| Salaries and Employee Benefits | 31.77M | 29.70M | 28.10M | 25.12M | 24.28M | 23.23M |
| Occupancy Expenses | 11.18M | 10.54M | 10.52M | 10.30M | 9.70M | |
| Federal Deposit Insurance | 1.23M | 1.18M | 1.13M | 922.00K | 537.00K | |
| Selling, General & Administrative | 6.80M | 6.64M | 5.33M | 6.24M | 5.82M | 10.58M |
| Other Non-Interest Expense | 7.46M | 6.89M | 7.04M | 6.73M | 6.49M | 9.88M |
| Total Non-Interest Expense | 58.44M | 54.95M | 52.13M | 49.31M | 46.82M | 43.69M |
| EBT Excluding Unusual Items | 28.39M | 24.12M | 16.40M | 21.83M | 26.84M | 23.35M |
| Pretax Income | 27.21M | 24.12M | 16.40M | 21.83M | 26.84M | 23.35M |
| Income Tax Expense | 5.88M | 5.21M | 2.51M | 3.67M | 4.61M | 3.85M |
| Net Income | 21.33M | 18.91M | 13.89M | 18.17M | 22.24M | 19.50M |
| Net Income to Common | 21.33M | 18.91M | 13.89M | 18.17M | 22.24M | 19.50M |
| Basic Shares Outstanding | 7.40M | 7.37M | 7.47M | 7.51M | 7.55M | 7.85M |
| Diluted Shares Outstanding | 7.41M | 7.39M | 7.48M | 7.58M | 7.65M | 7.97M |
| EPS (Basic) | 2.88 | 2.56 | 1.86 | 2.42 | 2.95 | 2.48 |
| EPS (Diluted) | 2.88 | 2.56 | 1.86 | 2.40 | 2.91 | 2.45 |
| Dividend Per Share | 1.12 | 1.12 | 1.12 | 1.12 | 1.09 | 1.08 |
| Effective Tax Rate | 21.63% | 21.61% | 15.30% | 16.79% | 17.16% | 16.48% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 138.54M | 26.04M | 24.54M | 33.67M | 38.92M | 105.33M |
| Investment Securities | 105.77M | 196.77M | 250.88M | 262.62M | 295.88M | 319.22M |
| Mortgage-Backed Securities | 164.35M | 213.96M | 171.29M | 198.45M | 226.90M | 121.48M |
| Total Investments | 270.12M | 410.73M | 422.18M | 461.07M | 522.77M | 440.70M |
| Gross Loans | 1.54B | 1.54B | 1.42B | 1.35B | 1.26B | 1.30B |
| Allowance for Loan Losses | -14.40M | -13.73M | -12.89M | -13.11M | -9.85M | -9.10M |
| Net Loans | 1.52B | 1.52B | 1.41B | 1.34B | 1.25B | 1.29B |
| Property, Plant & Equipment | 28.86M | 29.00M | 27.66M | 27.64M | 25.55M | 24.42M |
| Goodwill | 48.28M | 48.28M | 48.28M | 48.28M | 48.28M | |
| Other Intangible Assets | 48.28M | 1.00K | 2.00K | 5.00K | 20.00K | |
| Loans Held for Sale | 303.00K | 423.00K | 242.00K | 379.00K | 1.74M | |
| Accrued Interest Receivable | 8.81M | 8.40M | 8.09M | 8.17M | 7.47M | 5.80M |
| Other Real Estate Owned & Foreclosed | 647.00K | 938.00K | 544.00K | 418.00K | 439.00K | 211.00K |
| Other Long-Term Assets | 217.94M | 151.81M | 118.51M | 117.84M | 119.35M | 98.67M |
| Total Assets | 2.24B | 2.21B | 2.09B | 2.06B | 2.03B | 2.03B |
| Interest Bearing Deposits | 1.48B | 1.39B | 1.33B | 948.82M | 1.18B | 1.18B |
| Institutional Deposits | 346.37M | 67.13M | 78.58M | |||
| Non-Interest Bearing Deposits | 409.73M | 426.34M | 416.37M | 428.50M | 494.35M | 448.35M |
| Total Deposits | 1.89B | 1.82B | 1.75B | 1.72B | 1.74B | 1.71B |
| Short-Term Borrowings | 57.87M | 113.00M | 83.57M | 86.80M | 57.77M | 50.16M |
| Current Portion of Long-Term Debt | 20.00M | |||||
| Accrued Interest Payable | 1.06M | 1.05M | 890.00K | 255.00K | 251.00K | |
| Long-Term Debt | 29.58M | 29.51M | 29.42M | 29.34M | 29.25M | 29.16M |
| Pension & Post-Retirement Benefits | 1.25M | 1.79M | 2.08M | 3.22M | 3.92M | |
| Other Long-Term Liabilities | 14.87M | 13.57M | 13.08M | 13.77M | 9.29M | 7.28M |
| Total Liabilities | 1.99B | 1.98B | 1.88B | 1.86B | 1.84B | 1.82B |
| Common Stock | 136.12M | 123.20M | 126.22M | 127.32M | 128.65M | 129.05M |
| Retained Earnings | 124.34M | 113.85M | 103.02M | 97.28M | 89.75M | 75.59M |
| Comprehensive Income & Other | -14.87M | -5.66M | -18.97M | -22.20M | -32.19M | 6.40M |
| Shareholders' Equity | 245.59M | 231.40M | 210.28M | 202.40M | 186.21M | 211.05M |
| Total Liabilities & Equity | 2.24B | 2.21B | 2.09B | 2.06B | 2.03B | 2.03B |
| Total Debt | 87.45M | 142.51M | 112.99M | 116.14M | 87.02M | 99.32M |
| Net Cash (Debt) | 51.09M | -116.47M | -88.45M | -82.46M | -48.09M | 6.01M |
| Net Cash Per Share | 6.89 | -15.77 | -11.82 | -10.89 | -6.29 | 0.75 |
| Filing Date Shares Outstanding | 7.65M | 7.33M | 7.41M | 7.50M | 7.56M | 7.53M |
| Total Common Shares Outstanding | 7.65M | 7.32M | 7.42M | 7.49M | 7.56M | 7.53M |
| Book Value Per Share | 32.09 | 31.60 | 28.32 | 27.04 | 24.63 | 28.02 |
| Tangible Book Value | 197.30M | 183.11M | 161.99M | 154.12M | 137.92M | 162.75M |
| Tangible Book Value Per Share | 25.78 | 25.01 | 21.82 | 20.59 | 18.25 | 21.61 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 21.33M | 18.91M | 13.89M | 18.17M | 22.24M | 19.50M |
| Depreciation & Amortization | 2.26M | 2.14M | 2.09M | 1.98M | 2.07M | 2.94M |
| Other Amortization | 52.00K | |||||
| Gain (Loss) on Sale of Assets | -39.00K | |||||
| Gain (Loss) on Sale of Investments | 247.00K | 967.00K | 1.33M | 1.41M | 2.02M | 2.23M |
| Total Asset Writedown | -532.00K | |||||
| Provision for Credit Losses | 1.98M | -563.00K | 1.88M | 629.00K | 483.00K | -518.00K |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 612.00K | -1.00K | -29.00K | 696.00K | 1.99M | 2.70M |
| Accrued Interest Receivable | 1.21M | |||||
| Change in Other Net Operating Assets | 4.77M | 6.77M | 1.51M | 736.00K | -553.00K | |
| Other Operating Activities | -1.76M | -1.57M | -1.30M | 104.00K | -805.00K | -1.54M |
| Operating Cash Flow | 29.59M | 26.82M | 19.64M | 24.18M | 26.89M | 25.50M |
| Capital Expenditures | -2.37M | -3.48M | -2.11M | -4.06M | -3.21M | -1.59M |
| Investment in Securities | 92.91M | 3.01M | 41.10M | 63.60M | -141.96M | -162.39M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -104.86M | -112.35M | -76.86M | -85.78M | 36.67M | -63.21M |
| Other Investing Activities | -4.35M | -3.06M | 2.29M | -2.44M | ||
| Investing Cash Flow | -18.67M | -115.88M | -37.87M | -26.25M | -106.20M | -229.63M |
| Short-Term Debt Issued | 14.43M | 6.77M | 7.61M | |||
| Long-Term Debt Issued | 15.00M | 40.00M | 29.11M | |||
| Total Debt Issued | 20.98M | 29.43M | 6.77M | 40.00M | 7.61M | 29.11M |
| Short-Term Debt Repaid | -10.97M | -18.59M | ||||
| Long-Term Debt Repaid | -10.00M | -20.00M | -70.00M | |||
| Total Debt Repaid | -25.13M | -10.00M | -10.97M | -20.00M | -88.58M | |
| Net Debt Issued (Repaid) | -4.15M | 29.43M | -3.23M | 29.03M | -12.39M | -59.48M |
| Issuance of Common Stock | 13.83M | 1.33M | 1.52M | 1.62M | 1.76M | 1.59M |
| Repurchase of Common Stock | -2.21M | -4.71M | -4.41M | -5.04M | -2.31M | -14.95M |
| Common Dividends Paid | -8.16M | -8.09M | -8.15M | -8.22M | -8.08M | -8.37M |
| Net Increase (Decrease) in Deposit Accounts | -32.99M | 72.59M | 23.36M | -20.58M | 33.94M | 144.02M |
| Financing Cash Flow | -33.68M | 90.56M | 9.10M | -3.19M | 12.91M | 62.82M |
| Net Cash Flow | -22.76M | 1.50M | -9.13M | -5.25M | -66.41M | -141.31M |
| Free Cash Flow | 27.22M | 23.34M | 17.53M | 20.12M | 23.68M | 23.91M |
| Free Cash Flow Margin | 31.34% | 29.51% | 25.58% | 28.28% | 32.15% | 35.66% |
| Free Cash Flow Per Share | 3.67 | 3.16 | 2.34 | 2.66 | 3.10 | 3.00 |
| Cash Interest Paid | 33.51M | 33.48M | 33.98M | 21.05M | 5.31M | 7.60M |
| Cash Income Tax Paid | 5.36M | 2.20M | 2.06M | 2.35M | 4.42M | 4.05M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 303.29M | 366.75M | 193.18M | 161.09M | 177.61M | 191.93M |
| Last Close Price | 39.64 | 48.98 | 24.60 | 19.26 | 19.96 | 20.68 |
| PE Ratio | 13.76 | 19.39 | 13.91 | 8.87 | 7.99 | 9.84 |
| PS Ratio | 3.49 | 4.64 | 2.82 | 2.26 | 2.41 | 2.86 |
| PB Ratio | 1.24 | 1.58 | 0.92 | 0.80 | 0.95 | 0.91 |
| P/FCF Ratio | 11.14 | 15.71 | 11.02 | 8.01 | 7.50 | 8.03 |
| P/OCF Ratio | 10.25 | 13.68 | 9.84 | 6.66 | 6.61 | 7.53 |
| Debt / Equity Ratio | 0.36 | 0.62 | 0.54 | 0.57 | 0.47 | 0.47 |
| Debt / FCF Ratio | 3.21 | 6.11 | 6.45 | 5.77 | 3.67 | 4.15 |
| Net Debt / Equity Ratio | -0.21 | 0.50 | 0.42 | 0.41 | 0.26 | -0.03 |
| Net Debt / FCF Ratio | -1.88 | 4.99 | 5.04 | 4.10 | 2.03 | -0.25 |
| Return on Equity (ROE) | 9.02% | 8.56% | 6.73% | 9.35% | 11.20% | 9.08% |
| Return on Assets (ROA) | 0.95% | 0.88% | 0.67% | 0.89% | 1.09% | 0.98% |
| Earnings Yield | 7.27% | 5.16% | 7.19% | 11.28% | 12.52% | 10.16% |
| FCF Yield | 8.97% | 6.36% | 9.07% | 12.49% | 13.33% | 12.46% |
| Dividend Yield | 2.83% | 2.24% | 4.30% | 5.21% | 4.64% | 4.24% |
| Payout Ratio | 38.88% | 42.75% | 58.66% | 45.23% | 36.34% | 42.91% |
| Buyback Yield / Dilution | 0.03% | 1.29% | 1.23% | 0.94% | 4.00% | 1.73% |
| Total Shareholder Return | 2.85% | 3.53% | 5.53% | 6.15% | 8.63% | 5.97% |