Isabella Bank Corporation Reports Third Quarter 2024 Results
ISABELLA BANK CORP (ISBA)
NASDAQ:AMEX Investor Relations:
ir.isabellabank.com
Company Research
Source: PR Newswire
MT. PLEASANT, Mich., Oct. 24, 2024 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) (the "Company" or "we") reported third quarter 2024 net income of $3.3 million, or $0.44 per diluted share, compared to $4.4 million or $0.58 per diluted share in the same quarter of 2023. The non-GAAP measure of core earnings in the third quarter 2024 totaled $4.6 million, or $0.61 per diluted share, compared to $4.4 million or $0.58 per diluted share for the same quarter of 2023.THIRD QUARTER 2024 HIGHLIGHTSReturn on assets of 0.62%, core return on assets of 0.87% (non-GAAP measure)Loan growth of 12% annualizedDeposit growth of 14% annualizedNet interest margin of 2.98%Nonaccrual loans to total loans ratio of 0.04%"Profitability from operations improved during the third quarter as we delivered quarter-over-quarter expansion in net interest income with strong growth on both sides of the balance sheet while maintaining our disciplined approach to credit quality," said Isabella Bank Corporation's
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ISBA
Sec Filings
- 12/17/24 - Form 4
- 12/16/24 - Form 8-K/A
- 12/4/24 - Form 4
- ISBA's page on the SEC website