Isabella Bank Reports 26% Net Income Rise to $5M, Deposits Up $40M
Isabella Bank Corporation delivered net income of $5.0 million ($0.68 per diluted share) in Q1 2026, a 26% increase from $3.9 million a year earlier. Loans excluding broker advances rose $27.2 million and total deposits grew $40.2 million, while NIM improved to 3.33%.
1. Strong Earnings Performance
Isabella Bank recorded net income of $5.0 million, or $0.68 per diluted share, in the first quarter of 2026, marking a 26% increase from $3.9 million, or $0.53 per diluted share, in Q1 2025. Net interest margin rose to 3.33% from 3.06% year-over-year.
2. Balance Sheet Expansion
Total assets climbed to $2.3 billion as of March 31, 2026, up $42.5 million from December 31, 2025. Loans, excluding advances to mortgage brokers, increased by $27.2 million, while total deposits expanded by $40.2 million, driven by growth in money market and savings accounts.
3. Credit Quality and Shareholder Metrics
Nonperforming loans remained low at 0.28% of total loans, with past due loans improving to 0.37%. The allowance for credit losses was $14.0 million. Share repurchases totaled 8,062 shares at an average price of $49.86, and tangible book value per share rose to $25.32.