Isabella Bank Corporation (ISBA) 10-Year Financial Performance & Capital Metrics

ISBA • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutIsabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts. The company's loan portfolio comprises commercial, agricultural, and residential real estate loans, as well as consumer loans, including secured and unsecured personal loans. It also offers cash management, mobile and internet banking, electronic bill pay, automated teller machines, trust and investment, estate planning, and safe deposit box rental services; and group life, health, accident, disability, and other insurance products, as well as other employee benefit programs. As of December 31, 2021, the company operated 30 banking offices in Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties. Isabella Bank Corporation was founded in 1903 and is headquartered in Mount Pleasant, Michigan.Show more

Net Interest Income $56M -3.6%
Total Revenue $102M +12.1%
Net Income $14M -23.5%
Return on Equity 6.73% -28.0%
Net Interest Margin 2.68% -4.9%
Efficiency Ratio 48.46% -5.6%
ROA 0.67% -24.6%
Equity / Assets 10.08% +2.5%
Book Value per Share 28.10 +5.2%
Tangible BV/Share 21.65 +6.4%
Debt/Equity 0.54 -6.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 48.5% efficiency ratio
✓Momentum leader: RS Rating 86 (top 14%)
✓Well capitalized: 10.1% equity/assets
✓Healthy dividend yield of 2.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.41%

5Y5.91%

3Y12.58%

TTM-

Profit (Net Income) CAGR

10Y0.12%

5Y1.29%

3Y-10.69%

TTM33%

EPS CAGR

10Y0.67%

5Y2.93%

3Y-8.77%

TTM34.43%

ROCE

10Y Avg5.53%

5Y Avg7.4%

3Y Avg8.55%

Latest5.71%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	41.34M	42.8M	45.92M	48.23M	49.45M	50.35M	52.7M	60.48M	57.94M	55.84M
NII Growth %	0%	0.04%	0.07%	0.05%	0.03%	0.02%	0.05%	0.15%	-0.04%	-0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	51.5M	53.67M	58.41M	63.86M	67.31M	64.17M	60.11M	65.8M	79.63M	89.98M
Interest Expense	10.16M	10.87M	12.49M	15.63M	17.86M	13.82M	7.41M	5.32M	21.69M	34.14M
Loan Loss Provision	-2.77M	-135K	253K	978K	30K	1.67M	-518K	483K	629K	1.88M
Non-Interest Income+	8.81M	8.5M	8.94M	8.65M	9.03M	11.58M	11.16M	10.75M	11.13M	11.73M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	60.31M	62.17M	67.35M	72.52M	76.34M	75.75M	71.28M	76.55M	90.76M	101.71M
Revenue Growth %	0%	0.03%	0.08%	0.08%	0.05%	-0.01%	-0.06%	0.07%	0.19%	0.12%
Non-Interest Expense	34.5M	35.29M	38.35M	40.53M	44.04M	48.39M	41.03M	43.91M	46.62M	49.29M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	18.42M	16.15M	16.25M	15.38M	14.4M	11.87M	23.35M	26.84M	21.83M	16.4M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.15%	-0.12%	0.01%	-0.05%	-0.06%	-0.18%	0.97%	0.15%	-0.19%	-0.25%
Pretax Income+	18.42M	16.15M	16.25M	15.38M	14.4M	11.87M	23.35M	26.84M	21.83M	16.4M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.29M	2.35M	3.02M	1.36M	1.38M	987K	3.85M	4.61M	3.67M	2.51M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	15.13M	13.8M	13.24M	14.02M	13.02M	10.88M	19.5M	22.24M	18.17M	13.89M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.1%	-0.09%	-0.04%	0.06%	-0.07%	-0.16%	0.79%	0.14%	-0.18%	-0.24%
Net Income (Continuing)	15.13M	13.8M	13.24M	14.02M	13.02M	10.88M	19.5M	22.24M	18.17M	13.89M
EPS (Diluted)+	1.90	1.73	1.65	1.74	1.61	1.34	2.45	2.91	2.40	1.86
EPS Growth %	0.09%	-0.09%	-0.05%	0.05%	-0.07%	-0.17%	0.83%	0.19%	-0.18%	-0.23%
EPS (Basic)	1.95	1.77	1.69	1.78	1.65	1.37	2.48	2.95	2.42	1.86
Diluted Shares Outstanding	7.95M	8M	8.03M	8.07M	8.1M	8.11M	7.97M	7.65M	7.58M	7.48M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	21.57M	22.89M	30.85M	73.47M	60.57M	246.64M	105.33M	38.92M	33.67M	24.54M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.53B	1.58B	1.66B	1.64B	1.63B	1.59B	1.8B	1.85B	1.86B	1.9B
Investments Growth %	0.08%	0.04%	0.05%	-0.01%	-0.01%	-0.03%	0.13%	0.03%	0.01%	0.02%
Long-Term Investments	866.57M	1.03B	1.11B	1.15B	1.2B	1.25B	1.31B	1.27B	1.34B	1.67B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	48.28M	48.28M	48.28M	48.28M	48.28M	48.28M	48.28M	48.28M	48.28M	48.28M
Intangible Assets	546K	384K	265K	169K	97K	49K	20K	5K	2K	1K
PP&E (Net)	28.33M	29.31M	28.45M	27.82M	26.24M	25.14M	24.42M	25.55M	27.64M	27.66M
Other Assets	36.41M	39.88M	37.08M	45.37M	39.95M	28.29M	32.47M	32.99M	49.74M	85.81M
Total Current Assets	687.97M	587.57M	590.22M	575.23M	496.91M	606.92M	615.91M	652.99M	596.95M	253.03M
Total Non-Current Assets	980.14M	1.14B	1.22B	1.26B	1.32B	1.35B	1.42B	1.38B	1.46B	1.83B
Total Assets+	1.67B	1.73B	1.81B	1.84B	1.81B	1.96B	2.03B	2.03B	2.06B	2.09B
Asset Growth %	0.08%	0.04%	0.05%	0.01%	-0.01%	0.08%	0.04%	-0%	0.01%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	9.85M	11.52M	8.09M	13.99M	12.61M	13.73M	11.45M	12.77M	0	0
Total Debt+	309.73M	337.69M	344.88M	340.3M	276M	158.75M	99.32M	87.02M	116.14M	112.99M
Net Debt	288.16M	314.8M	314.03M	266.83M	215.43M	-87.89M	-6.01M	48.09M	82.46M	88.45M
Long-Term Debt	235M	270M	290M	300M	245M	90M	49.16M	29.25M	69.33M	59.42M
Short-Term Debt	74.73M	67.69M	54.88M	40.3M	31M	68.75M	50.16M	57.77M	46.8M	53.57M
Other Liabilities	-9.85M	-11.52M	-8.09M	0	0	0	0	0	16.73M	15.91M
Total Current Liabilities	1.26B	1.29B	1.34B	1.35B	1.36B	1.65B	1.77B	1.81B	1.77B	1.8B
Total Non-Current Liabilities	225.15M	258.48M	281.91M	300M	245M	90M	49.16M	29.25M	86.07M	75.34M
Total Liabilities	1.48B	1.54B	1.62B	1.64B	1.6B	1.74B	1.82B	1.84B	1.86B	1.88B
Total Equity+	183.97M	187.9M	194.91M	195.52M	210.18M	218.59M	211.05M	186.21M	202.4M	210.28M
Equity Growth %	0.05%	0.02%	0.04%	0%	0.07%	0.04%	-0.03%	-0.12%	0.09%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.07%	0.07%	0.07%	0.06%	0.05%	0.09%	0.11%	0.09%	0.07%
Book Value per Share	23.13	23.49	24.26	24.22	25.96	26.97	26.49	24.35	26.72	28.10
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	139.2M	139.53M	140.28M	140.42M	141.07M	142.25M	129.05M	128.65M	127.32M	126.22M
Additional Paid-in Capital	139.2M	139.53M	140.28M	140.42M	0	0	0	0	0	0
Retained Earnings	39.96M	46.11M	51.73M	57.36M	62.1M	64.46M	75.59M	89.75M	97.28M	103.02M
Accumulated OCI	221K	-2.78M	-2.6M	-7.68M	1.97M	7.7M	1.86M	-37.19M	-25.9M	-21.36M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.09M	20.24M	19.67M	21.96M	23.3M	22M	25.5M	26.94M	24.18M	19.64M
Operating CF Growth %	-0.31%	0.67%	-0.03%	0.12%	0.06%	-0.06%	0.16%	0.06%	-0.1%	-0.19%
Net Income	15.13M	13.8M	13.24M	14.02M	13.02M	10.88M	19.5M	22.24M	18.17M	13.89M
Depreciation & Amortization	3.19M	3.38M	3.36M	3.25M	3.29M	3.17M	2.94M	2.07M	1.98M	2.09M
Deferred Taxes	1.69M	-282K	2.84M	275K	408K	-276K	-523K	13K	1.01M	-310K
Other Non-Cash Items	-1.82M	2.08M	1.79M	3.19M	3.91M	8.63M	2.15M	2.51M	1.58M	1.99M
Working Capital Changes	-6.65M	694K	-2.18M	608K	2.15M	-423K	1.35M	-553K	669K	1.51M
Cash from Investing+	-113.5M	-69.91M	-81.7M	6.52M	15.48M	45.13M	-229.63M	-106.2M	-26.25M	-37.87M
Purchase of Investments	-185.72M	-80.39M	-107.44M	-35.86M	-40.3M	-29.09M	-262.68M	-210.91M	-11.49M	-7.42M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-14.01M	-158.66M	-82.67M	-38.86M	-58.27M	-49.96M	-65.65M	39.16M	-85.78M	-76.86M
Cash from Financing+	103.07M	50.99M	69.99M	14.14M	-51.68M	118.94M	62.82M	12.91M	-3.19M	9.1M
Dividends Paid	-7.27M	-7.64M	-7.99M	-8.17M	-8.28M	-8.52M	-8.37M	-8.08M	-8.22M	-8.15M
Share Repurchases	-4.96M	-4.82M	-5.6M	-7.41M	-5.13M	-4.29M	-14.95M	-2.31M	-5.04M	-4.41M
Stock Issued	5.2M	5.02M	6.18M	6.86M	4.88M	4.18M	1.59M	1.76M	1.62M	1.52M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Other Financing	90.08M	30.48M	70.22M	27.43M	11.86M	290.21M	125.44M	33.94M	-20.58M	23.36M
Net Change in Cash+	1.66M	1.32M	7.95M	42.62M	-12.9M	186.07M	-141.31M	-66.41M	-5.25M	-9.13M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	19.91M	21.57M	22.89M	30.85M	73.47M	60.57M	246.64M	105.33M	38.92M	33.67M
Cash at End	21.57M	22.89M	30.85M	73.47M	60.57M	246.64M	105.33M	38.92M	33.67M	24.54M
Interest Paid	10.18M	10.84M	12.39M	15.48M	17.83M	14.2M	7.6M	5.31M	21.05M	33.98M
Income Taxes Paid	3.49M	1.42M	3.12M	50K	745K	846K	4.05M	4.42M	2.35M	2.06M
Free Cash Flow+	6.96M	16.44M	17.63M	19.66M	21.97M	20.48M	23.91M	23.73M	20.12M	17.53M
FCF Growth %	-0.53%	1.36%	0.07%	0.12%	0.12%	-0.07%	0.17%	-0.01%	-0.15%	-0.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.44%	7.42%	6.92%	7.18%	6.42%	5.08%	9.08%	11.2%	9.35%	6.73%
Return on Assets (ROA)	0.94%	0.81%	0.75%	0.77%	0.71%	0.58%	0.98%	1.09%	0.89%	0.67%
Net Interest Margin	2.48%	2.47%	2.53%	2.63%	2.73%	2.57%	2.59%	2.98%	2.81%	2.68%
Efficiency Ratio	57.2%	56.77%	56.94%	55.88%	57.69%	63.88%	57.57%	57.36%	51.36%	48.46%
Equity / Assets	11.03%	10.85%	10.75%	10.64%	11.59%	11.17%	10.39%	9.17%	9.83%	10.08%
Book Value / Share	23.13	23.49	24.26	24.22	25.96	26.97	26.49	24.35	26.72	28.1
NII Growth	0.39%	3.54%	7.28%	5.04%	2.51%	1.82%	4.68%	14.76%	-4.19%	-3.64%
Dividend Payout	48.07%	55.4%	60.36%	58.26%	63.59%	78.31%	42.91%	36.34%	45.22%	58.66%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Debit Card	2.49M	2.67M	2.96M	3.62M	3.78M	4.06M	4.15M
Debit Card Growth	-	7.24%	11.02%	22.36%	4.42%	7.40%	2.17%
Fiduciary and Trust	2.13M	2.27M	2.29M	2.71M	2.62M	3.11M	3.44M
Fiduciary and Trust Growth	-	6.33%	1.10%	18.00%	-3.14%	18.61%	10.55%
Investment Advice	702K	523K	284K	364K	383K	447K	603K
Investment Advice Growth	-	-25.50%	-45.70%	28.17%	5.22%	16.71%	34.90%
Service Charges And Deposit Account Fees	332K	317K	290K	312K	345K	362K	450K
Service Charges And Deposit Account Fees Growth	-	-4.52%	-8.52%	7.59%	10.58%	4.93%	24.31%

Frequently Asked Questions

Valuation & Price

Isabella Bank Corporation (ISBA) has a price-to-earnings (P/E) ratio of 26.9x. This suggests investors expect higher future growth.

Growth & Financials

Isabella Bank Corporation (ISBA) grew revenue by 12.1% over the past year. This is steady growth.

Yes, Isabella Bank Corporation (ISBA) is profitable, generating $18.2M in net income for fiscal year 2024 (13.7% net margin).

Dividend & Returns

Yes, Isabella Bank Corporation (ISBA) pays a dividend with a yield of 2.18%. This makes it attractive for income-focused investors.

Isabella Bank Corporation (ISBA) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

Industry Metrics

Isabella Bank Corporation (ISBA) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Isabella Bank Corporation (ISBA) has an efficiency ratio of 48.5%. This is excellent, indicating strong cost control.

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