Isabella Bank

Isabella Bank Corporation Announces Fourth Quarter and 2023 Earnings

Retrieved on: 
Saturday, February 17, 2024
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MT. PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.  Net income for the fourth quarter was $3.8 million and $18.2 million for the year ended December 31, 2023.  Earnings per common share were $0.51 in the fourth quarter and $2.42 for the year.

Key Points: 
  • PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.
  • Net interest income, fourth quarter 2023: Net interest income for the fourth quarter 2023 declined $2.7 million, or 16%, compared to the fourth quarter of 2022.
  • Noninterest income and expenses, fourth quarter 2023: Noninterest income increased $244,000 compared to the fourth quarter of 2022, primarily driven by wealth management fees and ATM and debit card income.
  • Dividend: The Corporation paid a $0.28 per common share cash dividend for the fourth quarter of 2023.

McDonnell appointed to Isabella Bank Corporation and Isabella Bank Boards

Retrieved on: 
Tuesday, February 6, 2024
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PLEASANT, Mich., Feb. 6, 2024 /PRNewswire/ -- Jerome E. Schwind, President and Chief Executive Officer, and Sarah R. Opperman, Board Chair of Isabella Bank Corporation and Isabella Bank, announce the appointment of Neil M. McDonnell to the Corporate and Bank Boards, effective January 31, 2024.

Key Points: 
  • PLEASANT, Mich., Feb. 6, 2024 /PRNewswire/ -- Jerome E. Schwind, President and Chief Executive Officer, and Sarah R. Opperman, Board Chair of Isabella Bank Corporation and Isabella Bank, announce the appointment of Neil M. McDonnell to the Corporate and Bank Boards, effective January 31, 2024.
  • "Mr. McDonnell joined Isabella Bank in 2018 with three decades of banking experience," Opperman said.
  • Pleasant, Michigan, is a subsidiary of Isabella Bank Corporation (OTCQX:ISBA).
  • For more information about Isabella Bank Corporation, visit the Investor Relations link at www.isabellabank.com .

Schwind assumes role as President and CEO of Isabella Bank Corporation

Retrieved on: 
Wednesday, January 24, 2024
Economic development, Volunteering, Trust, Bank, Isabella Bank, Humanity, History, McDonnell Aircraft Corporation, OTCQX, ISBA, Growth, Management

MT. PLEASANT, Mich., Jan. 23, 2024 /PRNewswire/ -- Jerome E. Schwind has assumed the role of top executive at Isabella Bank Corporation, the eleventh such leader in the community bank's 120-year history.

Key Points: 
  • PLEASANT, Mich., Jan. 23, 2024 /PRNewswire/ -- Jerome E. Schwind has assumed the role of top executive at Isabella Bank Corporation, the eleventh such leader in the community bank's 120-year history.
  • Schwind was appointed President and Chief Executive Officer of Isabella Bank Corporation and Chief Executive Officer of Isabella Bank by the corporate Board of Directors last April and stepped into the position on Jan. 5.
  • "Jerome and Neil are highly experienced professionals and well-respected community bankers," said Sarah R. Opperman, Chair of the Isabella Bank Corporation Board of Directors.
  • Schwind had been Bank President since late 2015, previously serving as Executive Vice President and Chief Operations Officer, and Mecosta Division President.

Isabella Bank Corporation Announces Executive Succession Plans

Retrieved on: 
Friday, April 28, 2023
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MT. PLEASANT, Mich., April 28, 2023 /PRNewswire/ -- Sarah R. Opperman, Chair of Isabella Bank Corporation, announced today that Jae A. Evans will retire as President and Chief Executive Officer, effective January 2024.

Key Points: 
  • PLEASANT, Mich., April 28, 2023 /PRNewswire/ -- Sarah R. Opperman, Chair of Isabella Bank Corporation, announced today that Jae A. Evans will retire as President and Chief Executive Officer, effective January 2024.
  • The Board of Directors has elected Jerome E. Schwind, currently President of Isabella Bank, as the new President and CEO of Isabella Bank Corporation and CEO of Isabella Bank, effective January 2024.
  • Schwind has been President of Isabella Bank since 2015, previously serving as its Executive Vice President and Chief Operations Officer, and Mecosta Division President.
  • McDonnell has more than 30 years of banking experience and previously held executive roles at large international banks, local community banks and de novo banks in the eastern U.S.
    Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered community bank headquartered in Mt.

Strong Fourth Quarter Caps Record Year for Isabella Bank Corporation

Retrieved on: 
Friday, February 10, 2023
Corporation, EPS, Net income, Isabella Bank, Trust, Risk-weighted asset, Digital technology, Sale, Total, ISBA, Growth, Tier 1 capital, Bank, Environment, Borrowing base, Video game, Cryptocurrency, Real estate

MT. PLEASANT, Mich., Feb. 10, 2023 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported record net income, net interest income and earnings per share for the year ended December 31, 2022.  Fourth quarter net income was $6.3 million, surpassing $4.8 million for the same period in 2021, resulting in net income of $22.2 million in 2022, up 14% from $19.5 million reported in 2021.  Earnings per common share were $0.84 in the fourth quarter and $2.95 for the year, above the $0.63 and $2.48 reported for the same periods a year ago, respectively.

Key Points: 
  • PLEASANT, Mich., Feb. 10, 2023 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported record net income, net interest income and earnings per share for the year ended December 31, 2022.
  • Net yield on interest earning assets reached 3.43% in the fourth quarter, up from 2.86% for the same period in 2021.
  • Net interest income, fourth quarter 2022: Net interest income for the fourth quarter 2022 improved by $2.8 million, or 21%, compared to the fourth quarter of 2021.
  • Dividend: The Corporation paid a $0.28 per common share cash dividend for the fourth quarter of 2022, an increase of 3.7% compared to fourth quarter of 2021.

Isabella Bank Corporation Increases Fourth Quarter 2022 Dividend

Retrieved on: 
Wednesday, December 7, 2022
Trust, Security (finance), OTC Markets Group, Isabella Bank, Corporation, OTCQX, Bank, Securities and Exchange Commission (Nigeria), ISBA, Risk, Isabella Banks

PLEASANT, Mich., Dec. 7, 2022 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) today announced its Board of Directors declared a fourth-quarter cash dividend of $0.28 per common share at its regular meeting on November 30, 2022.

Key Points: 
  • PLEASANT, Mich., Dec. 7, 2022 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) today announced its Board of Directors declared a fourth-quarter cash dividend of $0.28 per common share at its regular meeting on November 30, 2022.
  • The $0.28 dividend represents a $0.01 or 3.7% increase from the third quarter dividend and brings year-to-date dividends to $1.09.
  • The dividend will be payable December 16, 2022, to shareholders of record as of December 14, 2022.
  • Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered community bank headquartered in Mt.

Isabella Bank Corporation to Webcast Live at VirtualInvestorConferences.com September 22nd

Retrieved on: 
Wednesday, September 21, 2022
Bank, VIC, Isabella Bank, ISBA, CFO, GLOBE, Trust, OTCQX, Security (finance)

PLEASANT, Mich., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Isabella Bank Corporation (OTCQX:ISBA), based in Michigan, focused on community banking, today announcedthat Jerome Schwind, President, and Neil McDonnell, CFO, will present live at VirtualInvestorConferences.com on September 22, 2022.

Key Points: 
  • PLEASANT, Mich., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Isabella Bank Corporation (OTCQX:ISBA), based in Michigan, focused on community banking, today announcedthat Jerome Schwind, President, and Neil McDonnell, CFO, will present live at VirtualInvestorConferences.com on September 22, 2022.
  • This will be a live, interactive online event where investors are invited to ask the company questions in real-time.
  • Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered $2 billion community bank headquartered in Mt.
  • The Bank offers personal and commercial lending and deposit products, as well as investment, trust, and estate planning services through Isabella Wealth.

Isabella Bank Corporation Announces Third Quarter 2022 Dividend

Retrieved on: 
Friday, September 9, 2022
ISBA, Security (finance), Trust, OTCQX, Risk, Heart, Securities and Exchange Commission (Nigeria), Board, Corporation, Isabella Bank, OTC Markets Group, Board of directors, Forward-looking statement, Bank

PLEASANT, Mich., Sept. 8, 2022 /PRNewswire/ -- Isabella Bank Corporation (OTCQX:ISBA) today announced its Board of Directors declared a third-quarter cash dividend of $0.27 per common share at its regular meeting on August31, 2022.

Key Points: 
  • PLEASANT, Mich., Sept. 8, 2022 /PRNewswire/ -- Isabella Bank Corporation (OTCQX:ISBA) today announced its Board of Directors declared a third-quarter cash dividend of $0.27 per common share at its regular meeting on August31, 2022.
  • The dividend will be payable September30, 2022, to shareholders of record as of September28, 2022.
  • Based on ISBA's closing stock price of $23.45 per share as of August31, 2022, the annualized cash dividend yield is 4.61%.
  • Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered community bank headquartered in Mt.

Isabella Bank to Open Fifth Location in Saginaw

Retrieved on: 
Thursday, June 9, 2022
ISBA, State Street, Isabella Bank, Technology, Trust, OTCQX, Bank

SAGINAW, Mich., June 9, 2022 /PRNewswire/ -- Isabella Bank, a wholly-owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA), announced a June ground breaking to expand its commitment to the Saginaw community. Located on State Street near Wieneke Road, the new branch will be Isabella Bank's fifth location in Saginaw County.

Key Points: 
  • SAGINAW, Mich., June 9, 2022 /PRNewswire/ -- Isabella Bank, a wholly-owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA), announced a June ground breaking to expand its commitment to the Saginaw community.
  • Located on State Street near Wieneke Road, the new branch will be Isabella Bank's fifth location in Saginaw County.
  • "We're a large bank with local, community values and service that blends high-tech with personal relationships," said Jerome Schwind, Isabella Bank President.
  • With the new branch, the bank will have 30 locations throughout seven Mid-Michigan counties: Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

Isabella Bank Corporation Announces Second Quarter 2022 Dividend

Retrieved on: 
Tuesday, May 31, 2022
Isabella Bank, Securities and Exchange Commission (Nigeria), Corporation, Bank, OTCQX, OTC Markets Group, Forward-looking statement, Trust, Board, Board of directors, ISBA, Security (finance), Risk, Holding company

PLEASANT, Mich., May 31, 2022 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) today announced its Board of Directors declared a second-quarter cash dividend of $0.27 per common share at its regular meeting on May25, 2022.

Key Points: 
  • PLEASANT, Mich., May 31, 2022 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) today announced its Board of Directors declared a second-quarter cash dividend of $0.27 per common share at its regular meeting on May25, 2022.
  • The dividend will be payable June30, 2022, to shareholders of record as of June28, 2022.
  • Based on ISBA's closing stock price of $25.00 per share as of May25, 2022, the annualized cash dividend yield is 4.32%.
  • Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered community bank headquartered in Mt.