Isabella Bank Corporation (ISBA)

Isabella Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	78.59	77.3	65.67	53.28	51.41	54.1
Interest Income on Investments	12.65	12.68	13.96	12.52	8.7	10.07
Total Interest Income	91.23	89.98	79.63	65.8	60.11	64.17
Interest Paid on Deposits	29.99	29.69	18.35	4.02	5.44	8.88
Interest Paid on Borrowings	4.12	4.45	3.34	1.3	1.97	4.94
Total Interest Expense	34.11	34.14	21.69	5.32	7.41	13.83
Net Interest Income	57.12	55.84	57.94	60.48	52.7	50.35
Net Interest Income Growth (YoY)	2.30%	-3.64%	-4.20%	14.76%	4.68%	1.82%
Trust Income	4.08	4.04	3.56	3.01	3.07	2.58
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-	0.58
Other Non-Interest Income	10.35	10.32	9.95	10.03	9.06	7.66
Total Non-Interest Income	14.64	14.58	13.83	13.67	13.82	13.53
Non-Interest Income Growth (YoY)	4.53%	5.42%	1.18%	-1.13%	2.14%	68.33%
Revenues Before Loan Losses	71.75	70.41	71.77	74.15	66.52	63.88
Provision for Loan Losses	1.39	1.88	0.63	0.48	-0.52	1.67
Revenue	70.37	68.53	71.14	73.66	67.04	62.21
Revenue Growth (YoY)	2.20%	-3.68%	-3.42%	9.88%	7.76%	8.29%
Salaries and Employee Benefits	28.47	28.1	25.12	24.28	23.23	23.35
Occupancy Expenses	10.42	10.52	10.3	9.7	-	-
Federal Deposit Insurance	1.18	1.13	0.92	0.54	-	-
Selling, General & Administrative	5.56	5.33	6.24	5.82	10.58	10.65
Other Non-Interest Expense	7.12	7.05	6.73	6.49	9.88	9.6
Total Non-Interest Expense	52.75	52.13	49.31	46.82	43.69	43.59
EBT Excluding Unusual Items	17.62	16.4	21.83	26.84	23.35	18.62
Other Unusual Items	-	-	-	-	-	-7.64
Pretax Income	17.62	16.4	21.83	26.84	23.35	11.87
Income Tax Expense	2.91	2.51	3.67	4.61	3.85	0.99
Net Income	14.71	13.89	18.17	22.24	19.5	10.89
Net Income to Common	14.71	13.89	18.17	22.24	19.5	10.89
Net Income Growth	-7.95%	-23.55%	-18.31%	14.05%	79.14%	-16.42%
Basic Shares Outstanding	7	7	8	8	8	8
Diluted Shares Outstanding	7	7	8	8	8	8
Shares Change (YoY)	-1.00%	-1.23%	-0.94%	-4.00%	-1.73%	0.14%
EPS (Basic)	1.97	1.86	2.42	2.95	2.48	1.37
EPS (Diluted)	1.97	1.86	2.40	2.91	2.45	1.34
EPS Growth	-7.12%	-22.50%	-17.53%	18.78%	82.84%	-16.77%
Dividend Per Share	1.120	1.120	1.120	1.090	1.080	1.080
Dividend Growth	-	-	2.75%	0.93%	-	2.86%
Effective Tax Rate	16.52%	15.30%	16.79%	17.16%	16.48%	8.31%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.