Financial Snapshot

Revenue
$66.81M
TTM
Gross Margin
Net Earnings
$13.70M
TTM
Current Assets
Current Liabilities
$67.68M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$213.0M
Q3 2024
Cash
Q3 2024
P/E
13.49
Nov 29, 2024 EST
Free Cash Flow
$15.01M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $79.63M $65.80M $60.11M $64.17M $67.31M $63.86M $58.41M $53.67M $51.50M $51.15M $50.42M $56.40M $57.91M
YoY Change 21.02% 9.46% -6.33% -4.66% 5.39% 9.33% 8.85% 4.2% 0.69% 1.45% -10.61% -2.6%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $79.63M $65.80M $60.11M $64.17M $67.31M $63.86M $58.41M $53.67M $51.50M $51.15M $50.42M $56.40M $57.91M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.978M $2.071M $2.314M $2.620M $2.908M $2.940M $2.902M $2.821M $2.677M $2.551M $2.556M $2.417M $2.521M $2.860M $2.730M $2.590M $2.240M
YoY Change -4.49% -10.5% -11.68% -9.9% -1.09% 1.31% 2.87% 5.38% 4.94% -0.2% 5.75% -4.13% -11.85% 4.76% 5.41% 15.63% 11.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense $21.69M $5.317M $7.412M $13.83M $17.86M $15.63M $12.49M $10.87M $10.16M $9.970M $11.02M $13.42M $16.20M
YoY Change 307.88% -28.26% -46.39% -22.6% 14.27% 25.11% 14.99% 6.91% 1.94% -9.54% -17.89% -17.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income $21.83M $26.84M $23.35M $11.87M $14.40M $15.38M $16.25M $16.15M $18.42M $16.07M $14.71M $14.57M $11.56M $10.65M $8.650M $3.380M $9.540M
YoY Change -18.67% 14.98% 96.66% -17.58% -6.37% -5.35% 0.66% -12.33% 14.63% 9.26% 0.94% 25.99% 8.58% 23.12% 155.92% -64.57% 6.95%
Income Tax $3.665M $4.606M $3.848M $987.0K $1.380M $1.363M $3.016M $2.348M $3.288M $2.344M $2.196M $2.363M $1.354M $1.600M $850.0K -$720.0K $1.610M
% Of Pretax Income 16.79% 17.16% 16.48% 8.31% 9.58% 8.86% 18.56% 14.54% 17.85% 14.59% 14.93% 16.22% 11.71% 15.02% 9.83% -21.3% 16.88%
Net Earnings $18.17M $22.24M $19.50M $10.89M $13.02M $14.02M $13.24M $13.80M $15.13M $13.72M $12.51M $12.21M $10.21M $9.050M $7.800M $4.100M $7.930M
YoY Change -18.31% 14.05% 79.14% -16.42% -7.11% 5.92% -4.07% -8.8% 10.24% 9.7% 2.49% 19.55% 12.82% 16.03% 90.24% -48.3% 13.29%
Net Earnings / Revenue 22.81% 33.8% 32.44% 16.96% 19.35% 21.95% 22.66% 25.71% 29.38% 26.83% 24.81% 21.64% 17.63%
Basic Earnings Per Share $2.42 $2.95 $2.48 $1.37 $1.65 $1.78 $1.69 $1.77 $1.95 $1.77 $1.63 $1.61 $1.35
Diluted Earnings Per Share $2.40 $2.91 $2.45 $1.34 $1.61 $1.74 $1.65 $1.73 $1.90 $1.74 $1.59 $1.56 $1.31 $1.171M $1.013M $533.9K $1.106M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $27.64M $25.55M $24.40M $25.10M $26.20M $27.80M $28.50M $29.30M $28.30M $25.90M $25.70M $25.80M $24.60M $24.60M $23.90M $23.20M $22.50M
YoY Change 8.16% 4.73% -2.79% -4.2% -5.76% -2.46% -2.73% 3.53% 9.27% 0.78% -0.39% 4.88% 0.0% 2.93% 3.02% 3.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.919M $11.18M $1.000M -$1.000M $200.0K $2.000M $4.900M $3.000M $4.900M $7.900M
YoY Change -29.14% 1017.5% -200.0% -600.0% -59.18% 63.33% -38.78% -37.97%
Total Long-Term Assets
YoY Change
Total Assets $2.059B $2.030B $2.032B $1.957B $1.813B $1.843B $1.813B $1.732B $1.668B $1.550B $1.493B $1.431B $1.338B $1.226B $1.144B $1.139B $957.3M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $16.74M $12.77M $11.50M $13.70M $12.60M $14.00M $8.100M $11.50M $9.800M $10.80M $9.400M $7.500M $8.800M $8.400M $7.400M $6.800M $5.900M
YoY Change 31.09% 11.01% -16.06% 8.73% -10.0% 72.84% -29.57% 17.35% -9.26% 14.89% 25.33% -14.77% 4.76% 13.51% 8.82% 15.25%
Deferred Revenue
YoY Change
Short-Term Debt $46.80M $57.77M $50.20M $68.70M $31.00M $40.30M $54.90M $67.70M $74.70M $97.70M $116.9M $77.70M $0.00 $1.900M
YoY Change -18.99% 15.08% -26.93% 121.61% -23.08% -26.59% -18.91% -9.37% -23.54% -16.42% 50.45% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.54M $12.77M $11.50M $13.70M $12.60M $14.00M $8.100M $11.50M $9.800M $10.80M $9.400M $7.500M $8.800M $8.400M $7.400M $6.800M $5.900M
YoY Change 397.7% 11.01% -16.06% 8.73% -10.0% 72.84% -29.57% 17.35% -9.26% 14.89% 25.33% -14.77% 4.76% 13.51% 8.82% 15.25%
Long-Term Debt $29.34M $29.25M $29.20M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $400.0K $11.30M $216.1M $194.9M $193.1M $222.4M $92.90M
YoY Change 0.31% 0.15% -100.0% -96.46% -94.77% 10.88% 0.93% -13.17% 139.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $29.34M $29.25M $29.20M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $400.0K $11.30M $216.1M $194.9M $193.1M $222.4M $92.90M
YoY Change 0.31% 0.15% -100.0% -96.46% -94.77% 10.88% 0.93% -13.17% 139.4%
Total Liabilities $1.857B $1.844B $1.821B $1.739B $1.603B $1.647B $1.618B $1.544B $1.484B $1.375B $1.333B $1.266B $1.183B $1.081B $1.003B $1.005B $834.2M
YoY Change 0.68% 1.26% 4.73% 8.51% -2.7% 1.78% 4.79% 4.06% 7.94% 3.18% 5.24% 7.02% 9.49% 7.73% -0.17% 20.45%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $184.7 Million

About ISABELLA BANK Corp

Isabella Bank Corp. is a holding company, which engages in the provision of financial services through its subsidiary. The company is headquartered in Mt Pleasant, Michigan and currently employs 356 full-time employees. The company went IPO on 2001-11-08. The firm's wholly owned subsidiary, Isabella Bank (the Bank), has approximately 31 banking offices located throughout Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties. The Bank offers an array of banking and wealth management services to businesses, institutions, individuals, and their families. The Bank's lending activities include commercial loans, agricultural loans, residential real estate loans, and consumer loans. The Bank limit lending activities primarily to local markets and purchased loans from the secondary market are minimal. The Deposit services offered by the Bank include checking accounts, savings accounts, certificates of deposit, direct deposits, cash management services, mobile and Internet banking, electronic bill pay services, and automated teller machines (ATMs). The Bank also offers full-service investment management, trust, and estate services.

Industry: State Commercial Banks Peers: California BanCorp PARTNERS BANCORP LCNB CORP MainStreet Bancshares, Inc. PLUMAS BANCORP PENNS WOODS BANCORP INC PNC FINANCIAL SERVICES GROUP, INC. Virginia National Bankshares Corp