Isabella Bank Corp - Understand $isba stock

$ISBA Market Cap: $171.6 Million

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Financial Snapshot

Revenue

$63.95M

TTM

Gross Margin

Net Earnings

$14.83M

TTM

Current Assets

Current Liabilities

$61.21M

Q2 2024

Current Ratio

Total Assets

$2.060B

Q2 2024

Total Liabilities

$1.858B

Q2 2024

Book Value

$202.2M

Q2 2024

Cash

$23.56M

Q2 2024

P/E

11.57

Nov 13, 2024 EST

Free Cash Flow

$14.08M

TTM

Revenues

Revenue YoY Change

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

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
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

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

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

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
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

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

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

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

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

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	7.512M shares	7.550M shares	7.853M shares	7.960M shares	7.910M shares	7.872M shares	7.841M shares	7.814M shares	7.776M shares	7.734M shares	7.694M shares	7.604M shares	7.573M shares
Diluted Shares Outstanding	7.575M shares	7.648M shares	7.966M shares	8.106M shares	8.095M shares	8.073M shares	8.034M shares	7.999M shares	7.954M shares	7.906M shares	7.863M shares	7.799M shares	7.767M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $171.63 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.

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