Isabella Bank Corporation reported a net income of $5.031 million, or $0.68 per diluted share, for the second quarter of 2025, marking a significant increase from $3.481 million, or $0.46 per diluted share, in the same quarter of 2024. For the first half of 2025, net income reached $8.980 million, or $1.21 per diluted share, compared to $6.612 million, or $0.88 per diluted share, in the prior year. The bank's net interest income also saw an increase, totaling $15.129 million in the second quarter of 2025, up from $13.550 million in the same period last year, driven by higher loan yields and a decrease in the cost of interest-bearing liabilities.
Total assets for Isabella Bank increased to $2.156 billion as of June 30, 2025, up from $2.086 billion at the end of 2024. This growth was primarily attributed to a $72.596 million increase in interest-bearing cash and a $11.531 million rise in available-for-sale (AFS) securities. However, gross loans decreased by $26.058 million to $1.398 billion, with core loans showing a growth of $34.017 million, offset by a significant decline in advances to mortgage brokers. The allowance for credit losses (ACL) stood at $12.977 million, reflecting a slight increase from $12.895 million at the end of 2024.
In terms of operational metrics, Isabella Bank's total deposits rose to $1.849 billion, an increase of $102.316 million from the previous year-end. The growth was driven by demand and money market deposits, with demand deposits alone increasing by $77.104 million. The bank's nonperforming loans totaled $1.195 million, representing 0.09% of gross loans, while the ACL as a percentage of gross loans was 0.93%. The bank continues to maintain strong credit quality, with low levels of past due and nonaccrual loans.
Strategically, Isabella Bank has made significant moves, including its recent listing on the Nasdaq Capital Market under the symbol "ISBA," which began trading on May 12, 2025. The bank also reported an increase in assets under management (AUM) in its wealth management division, totaling $678.959 million as of June 30, 2025, up from $647.850 million a year earlier. Looking ahead, the bank anticipates continued growth in its loan portfolio, although it remains cautious due to uncertainties in the economic environment, including interest rate fluctuations and inflationary pressures.
About ISABELLA BANK Corp
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.