Isabella Bank Corporation Reports Record Third Quarter 2026 Earnings
Key Highlights
- ➤Q3 net income $6.6 million, or $0.86 per diluted share, versus $5.2 million
- ➤Net interest margin improved to 3.71% from 3.15% year over year
- ➤Total deposits increased $73.0 million, or 4.0%, to $1.9 billion
- ➤Grand River acquisition approvals received; closing expected November 2, 2026
- ➤Nonaccrual loans rose to $7.5 million from $4.6 million at year-end 2025
Expert Statements
Jerome Schwind, President and CEO of Isabella Bank Corporation
“Isabella Bank Corporation reported a record quarter of net income, supported by continued expansion in our net interest margin.”
Jerome Schwind, President and CEO of Isabella Bank Corporation
“We are pleased with the increase in deposit balances, which further strengthens the Corporation's funding position. Overall, the quarter reflected positive earnings momentum.”
Jerome Schwind, President and CEO of Isabella Bank Corporation
“We also have received required regulatory and shareholder approvals to complete the acquisition of Grand River Commerce and Grand River Bank”
Jerome Schwind, President and CEO of Isabella Bank Corporation
“This is a key milestone and the transaction is on track for our anticipated November 2, 2026 close. Importantly, this merger supports our disciplined growth strategy by expanding our customer base and presence in West Michigan. We are keenly focused on a smooth integration and clear communication with customers and employees to assure continued strong customer service.”
MOUNT PLEASANT, MI / ACCESS Newswire / October 29, 2026 / Isabella Bank Corporation (Nasdaq:ISBA) ("Isabella" or the "Company") reported net income of $6.6 million, or $0.86 per diluted share, for the third quarter 2026 compared to $5.2 million, or $0.71 per diluted share, for the third quarter 2025.
THIRD QUARTER 2026 HIGHLIGHTS * Record net income of $6.6 million, which included after-tax expenses of $657,000 related to the proposed acquisition of Grand River Commerce, Inc. * Net interest margin (NIM) improved to 3.71%, up from 3.15% in third quarter 2025 * All required regulatory and shareholder approvals received to complete the Grand River acquisition, which is expected to close on November 2, 2026, subject to the satisfaction or waiver of customary closing conditions "Isabella Bank Corporation reported a record quarter of net income, supported by continued expansion in our net interest margin," said President and CEO Jerome Schwind. "We are pleased with the increase in deposit balances, which further strengthens the Corporation's funding position. Overall, the quarter reflected positive earnings momentum.
Get started
Create a free account to read the full story.