Dallas, Texas--(Newsfile Corp. - February 3, 2025) - Isabella Bank Corporation (OTCQX: ISBA): Stonegate Capital Partners updates their coverage on Isabella Bank Corporation (OTCQX: ISBA). Isabella Bank reported another solid quarter with steady financial performance during 4Q24. Total loans remained steady at $1.42 B at the end 4Q24 due to increases in residential and commercial loans, offset by a decrease in advances to mortgage brokers. Wealth Management fees increased by ~14% y/y, reflecting strong growth in Avg. AUM, which rose by $53.6M, or 9%, over the prior year. ISBA maintained a strong dividend yield of approximately 4.3%, greater than the peer average of 3.0%. Despite economic uncertainties and fluctuations in interest rates, Isabella Bank demonstrated resilience in its core operations and earnings momentum. Isabella Bank continues its tradition of strategic expansion through organic growth and acquisitions. Since 2008, the Bank has acquired Greenville Community Bank, the Saginaw Office, and the Midland East Office, while also opening six new offices in key markets such as Lake Isabella, Freeland, and Saginaw. Most recently, the Company has expanded into Bay County with the opening of its Bay City office, further strengthening its regional footprint and enhancing loan and wealth management services.
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Key Takeaways:
- Isabella Bank's NIM increased to 2.99%, up from 2.83% in 4Q23.
- Return on assets of 0.76%, core return on assets of 0.74% (non-GAAP measure)
- Loan growth of 4% annualized.
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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
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