Isabella Bank Corp

ir.isabellabank.com

What Do They Do?

Provides lending, deposit and wealth management services to businesses, institutions, individuals and families.

How Do They Make Money?

Earns interest from borrowers on loans and fees from customers for banking, trust and investment services as the contracted services are provided.

revenue

Segment	Share	Revenue
Debit card income	32% FY2022: 53%
Trust service fees	27% FY2022: 37%
Customer overdraft fees	17%
ATM income	8.0%
Service charges and fees related to deposit accounts	7.1% FY2022: 4.8%
Investment advisory fees	5.5% FY2022: 5.4%
Other	4.1%

Who Are Their Customers?

Serves businesses, institutions, individuals and families with lending, deposit and wealth management services through its community bank.

Do Revenues Turn Into Profits?

Yes. It kept 20 cents of every revenue dollar as net income in FY2025 and turned 24 cents into free cash flow.

Net income, FY2025

20% of revenue

▲ +36% vs FY2024 ($13.9M, 15%)

Free cash flow, FY2025

24% of revenue

▲ +33% vs FY2024 ($17.5M, 19%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +13%; vs $23.2M in Q2 FY2025
Net income: ▲ 0%; vs $5M in Q2 FY2025

Debit card income share of revenue from contract with customer, excluding assessed tax vs 31.1% in Q2 FY2025

Jun 15, 2026 Agreed to acquire Grand River Commerce and merge Grand River Bank into Isabella Bank Grand River Bank is also set to merge with Isabella Bank.

Growing. Revenue grew 60% in 4 years, from $60.1M in FY2021 to $96M in FY2025, about 12% a year.

Revenue over time

Debit card income Trust service fees Customer overdraft fees ATM income Service charges and fees related to deposit accounts Investment advisory fees Other

$20M$10M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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