ISABELLA BANK CORP

Isabella Bank Corporation announced it will acquire Grand River Commerce, Inc. in a cash and stock transaction valued at approximately $54.6 million. The acquisition is expected to expand Isabella's presence into the Grand Rapids market and create a combined entity with approximately $2.8 billion in assets. The deal, which aligns with Isabella's strategic objectives, is anticipated to close in the fourth quarter of 2026 and is projected to be accretive to Isabella's earnings per share.

Isabella Bank Corporation announced that its Board of Directors declared a second-quarter cash dividend of $0.28 per common share. This dividend will be paid on June 30, 2026, to shareholders who are on record as of June 26, 2026. Based on the closing stock price of $41.59 per share on May 26, 2026, the annualized cash dividend yield is 2.69%.

Isabella Bank Corporation reported a significant increase in net income and earnings per share for the first quarter of 2026, with net income rising 26.4% to $4.99 million and basic EPS increasing 28.3% to $0.68. The company also saw growth in total assets, deposits, and loans held for investment. However, the provision for credit losses increased, and accumulated other comprehensive loss widened due to unrealized losses on available-for-sale securities.

Isabella Bank Corporation reported strong first-quarter 2026 earnings, with net income increasing 26% to $5.0 million, or $0.68 per diluted share, compared to the prior year. The growth was driven by a $27.2 million increase in loans (excluding mortgage brokers) and a $40.2 million rise in total deposits. The company also saw its net interest margin improve to 3.33% and maintained strong credit quality with nonperforming loans at 0.28% of total loans.