Company research
ISABELLA BANK CORP
CIK 842517Updated Sep 27, 2026
SecurityISBA · NASDAQ · equity
Name history
IBT BANCORP INC /MI/ · through May 16, 2008
ISBA price & chart
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NASDAQ:ISBA on TradingView ↗About the company
Isabella Bank Corporation (Nasdaq: ISBA) is the parent holding company of Isabella Bank, a state-chartered community bank headquartered in Mt. Pleasant, Michigan. Isabella Bank was established in 1903 and has been committed to serving its customers' and communities' local banking needs for over 120 years. The Bank offers personal and commercial lending and deposit products, as well as investment, trust, and estate planning services through Isabella Wealth. The Bank has 31 locations throughout eight Mid-Michigan counties: Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.
In the news
Isabella Bank Corporation (ISBA) Announces Nasdaq Listing News provided by Isabella Bank Corporation May 08, 2025, 16:50 ET Share this article Share to X Share this article Share to X MOUNT PLEASANT, Mich. , May 8, 2025 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA ) (the "Company"), the ho ↗
Recent filings
Other Events
Items 8.01
Other Events
Items 8.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
424B3 filing
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,209,448,000Source | 2,086,241,000Source | 2,058,968,000Source | 2,030,267,000Source |
| Property, Plant and Equipment, NetUSD | 29,000,000Source | 27,659,000Source | 27,639,000Source | 25,553,000Source |
| GoodwillUSD | 48,282,000Source | 48,282,000Source | 48,282,000Source | 48,282,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 26,041,000Source | 24,542,000Source | 33,672,000Source | 38,924,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,978,052,000Source | 1,875,965,000Source | 1,856,566,000Source | 1,844,057,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 123,204,000Source | 126,224,000Source | 127,323,000Source | 128,651,000Source |
| Retained Earnings (Accumulated Deficit)USD | 113,849,000Source | 103,024,000Source | 97,282,000Source | 89,748,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -8,023,000Source | -21,355,000Source | -25,896,000Source | -37,194,000Source |
| Stockholders' Equity Attributable to ParentUSD | 231,396,000Source | 210,276,000Source | 202,402,000Source | 186,210,000Source |
| Liabilities and EquityUSD | 2,209,448,000Source | 2,086,241,000Source | 2,058,968,000Source | 2,030,267,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 341,000Source | 476,000Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | 38,000Source | -310,000Source | 1,008,000Source | 13,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 26,817,000Source | 19,637,000Source | 23,715,000Source | 26,937,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -115,882,000Source | -37,866,000Source | -25,779,000Source | -106,255,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 3,479,000Source | 2,106,000Source | 4,064,000Source | 3,205,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 4,709,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 90,564,000Source | 9,099,000Source | -3,188,000Source | 12,912,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 8,085,000Source | 8,147,000Source | 8,216,000Source | 8,082,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,499,000Source | -9,130,000Source | -5,252,000Source | -66,406,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 26,041,000Source | 24,542,000Source | 33,672,000Source | 38,924,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 33,483,000Source | 33,982,000Source | 21,052,000Source | 5,313,000Source |
| Income Taxes Paid, NetUSD | 2,200,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | — | — | 90,000Source | 87,000Source |
| Amortization of Intangible AssetsUSD | — | — | 3,000Source | 15,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,625,000Source | 1,007,000Source | 920,000Source | 884,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 0Source | 0Source | 67,000Source | 0Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -3,000Source | 0Source | 0Source | -109,000Source |
| DepreciationUSD | 2,138,000Source | 2,086,000Source | 1,978,000Source | 2,071,000Source |
| Equipment ExpenseUSD | — | — | 6,519,000Source | 6,006,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | — | 0Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | 180,000Source | 213,000Source | 317,000Source | 631,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| GoodwillUSD | 48,282,000Source | 48,282,000Source | 48,282,000Source | 48,282,000Source |
| Income Tax Expense (Benefit)USD | 5,213,000Source | 2,509,000Source | 3,665,000Source | 4,606,000Source |
| Net Income (Loss) Attributable to ParentUSD | 18,910,000Source | 13,889,000Source | 18,167,000Source | 22,238,000Source |
| Proceeds from Issuance of Common StockUSD | 1,331,000Source | 1,523,000Source | 1,617,000Source | 1,762,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | 57,001,000Source | 68,956,000Source |
| Provision for Loan, Lease, and Other LossesUSD | -563,000Source | 1,884,000Source | 629,000Source | 483,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | -544,000Source | 1,687,000Source | 629,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 24,123,000Source | 16,398,000Source | 21,832,000Source | 26,844,000Source |
| Income Tax Expense (Benefit)USD | 5,213,000Source | 2,509,000Source | 3,665,000Source | 4,606,000Source |
| Net Income (Loss) Attributable to ParentUSD | 18,910,000Source | 13,889,000Source | 18,167,000Source | 22,238,000Source |
| Earnings Per Share, BasicUSD per share | 2.56Source | 1.86Source | 2.42Source | 2.95Source |
| Earnings Per Share, DilutedUSD per share | 2.56Source | 1.86Source | 2.4Source | 2.91Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 7,372,434Source | 7,465,343Source | 7,511,591Source | 7,549,878Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 7,385,862Source | 7,482,374Source | 7,575,492Source | 7,647,612Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | 3,000Source | 15,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,625,000Source | 1,007,000Source | 920,000Source | 884,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -3,000Source | 0Source | 0Source | -109,000Source |
| Equipment ExpenseUSD | — | — | 6,519,000Source | 6,006,000Source |
| Interest ExpenseUSD | — | — | 21,687,000Source | 5,317,000Source |
| InterestExpenseOperatingUSD | 33,491,000Source | 34,143,000Source | — | — |
| Interest Income (Expense), NetUSD | 62,544,000Source | 55,835,000Source | 57,944,000Source | 60,481,000Source |
| Labor and Related ExpenseUSD | 30,041,000Source | 28,576,000Source | 25,905,000Source | 24,887,000Source |
| Reclassification from AOCI, Current Period, before Tax, Attributable to ParentUSD | 91,000Source | — | — | — |
Offerings
Registration 333-297673
Filing attachments
isba_2026q3xdivannxex991.htm · 8-K · 2026-08-27
EX-99.1 2 isba_2026q3xdivannxex991.htm EX-99.1 Document Exhibit 99.1 Isabella Bank Corporation Announces Third Quarter 2026 Dividend Mt. Pleasant, Michigan, August 27, 2026 - Isabella Bank Corporation (Nasdaq: ISBA) today announced its Board of Directors declared a third-quarter cash dividend of $0.28 per common share at its regular meeting on August 26, 2026. The dividend will be payable September 30, 2026 to shareholders of record as of September 28, 2026. About Isabella Bank Corporati…
Read attachment ↗tm2621180d5_ex99-1.htm · S-4/A · 2026-08-04
EX-99.1 7 tm2621180d5_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 2026 Grand River Commerce, Inc. Signature__________________________________ Signature, if held jointly_________________________________ Date__________, 2026. Note: Please sign exactly as name appears hereon. When shares are held by joint owners, both should sign. When signing as attorney, executor, administrator, trustee, guardian, or corporate officer, please give title as such. Please mark your votes PROXY like this …
Read attachment ↗tm2621180d3_ex99-2.htm · S-4 · 2026-07-24
EX-99.2 6 tm2621180d3_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 CONSENT OF BREAN CAPITAL, LLC We hereby consent to the inclusion of our opinion letter to the Board of Directors of Grand River Commerce, Inc. (the “Company”) as an Annex to the Proxy Statement/Prospectus relating to the proposed merger of the Company with Isabella Bank Corporation contained in the Registration Statement on Form S-4, as filed with the Securities and Exchange Commission, and to references to such opinion and the quo…
Read attachment ↗isba_votingagreementxex991.htm · 8-K · 2026-06-15
EX-99.1 3 isba_votingagreementxex991.htm EX-99.1 Document Exhibit 99.1 FORM OF VOTING AGREEMENT June 11, 2026 Grand River Commerce, Inc. 4471 Wilson Avenue SW Grandville, MI 49418 Ladies and Gentlemen: The undersigned shareholder (the “Shareholder”) of Grand River Commerce, Inc., a Michigan corporation (“Grand River”), in the Shareholder's capacity as a shareholder of Grand River, and not in his or her capacity as a director or officer of Grand River, as applicable, hereby acknowledg…
Read attachment ↗isba_2026xjointprxgrcxex991.htm · 8-K · 2026-06-12
EX-99.1 2 isba_2026xjointprxgrcxex991.htm EX-99.1 Document Exhibit 99.1 For Immediate Release Isabella Bank Corporation 401 N. Main Street Mt. Pleasant, MI 48858-1649 FOR MORE INFORMATION CONTACT: Jerome Schwind, Chief Executive Officer Jerry Ritzert, Chief Financial Officer Lori Peterson, Vice President and Director of Marketing Phone: 989-772-9471 Isabella Bank Corporation to Acquire Grand River Commerce, Inc. Highlights: • Expands presence in southwest Michigan, including the…
Read attachment ↗isba_2026q2xdivannxex991.htm · 8-K · 2026-05-28
EX-99.1 2 isba_2026q2xdivannxex991.htm EX-99.1 Document Exhibit 99.1 Isabella Bank Corporation Announces Second Quarter 2026 Dividend Mt. Pleasant, Michigan, May 28, 2026 - Isabella Bank Corporation (Nasdaq: ISBA) today announced its Board of Directors declared a second-quarter cash dividend of $0.28 per common share at its regular meeting on May 26, 2026. The dividend will be payable June 30, 2026 to shareholders of record as of June 26, 2026. Based on ISBA’s closing stock price of $41.5…
Read attachment ↗