Isabella Bank (ISBA)


Market Price (11/6/2026): $40.8 | Market Cap: $351.9 MilSector: Financials | Industry: Regional Banks

Isabella Bank (ISBA)


Market Price (11/6/2026): $40.8
Market Cap: $351.9 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.5%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 8.8%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -62%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%

Low stock price volatility
Vol 12M is 41%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.56

Key risks
ISBA key risks include [1] its financial performance's significant influence by economic conditions particularly within Michigan.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.5%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 8.8%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -62%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
3 Low stock price volatility
Vol 12M is 41%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
5 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.56
6 Key risks
ISBA key risks include [1] its financial performance's significant influence by economic conditions particularly within Michigan.

ISBA in ETFs

Weight = ISBA's share of each fund

VTI0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
AVUV0.00%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 11/4/2026

Isabella Bank (ISBA) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Record Fiscal Q3 2026 Net Income and Earnings Growth. Isabella Bank Corporation reported record net income of $6.6 million, or $0.86 per diluted share, for fiscal Q3 2026 (ended September 30, 2026), significantly higher than $5.2 million, or $0.71 per diluted share, in fiscal Q3 2025. This strong year-over-year earnings growth contributed positively to investor sentiment.

2. Expansion of Net Interest Margin (NIM). The company's net interest margin (NIM) increased to 3.71% in fiscal Q3 2026, up from 3.15% in the same period of the prior year. This expansion in NIM, reflecting enhanced earnings from interest-earning assets, was a key factor supporting the record net income.

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Updated on 11/4/2026

Isabella Bank (ISBA) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Record Fiscal Q3 2026 Net Income and Earnings Growth. Isabella Bank Corporation reported record net income of $6.6 million, or $0.86 per diluted share, for fiscal Q3 2026 (ended September 30, 2026), significantly higher than $5.2 million, or $0.71 per diluted share, in fiscal Q3 2025. This strong year-over-year earnings growth contributed positively to investor sentiment.

2. Expansion of Net Interest Margin (NIM). The company's net interest margin (NIM) increased to 3.71% in fiscal Q3 2026, up from 3.15% in the same period of the prior year. This expansion in NIM, reflecting enhanced earnings from interest-earning assets, was a key factor supporting the record net income.

3. Successful Acquisition of Grand River Commerce. Isabella Bank received all required regulatory and shareholder approvals for its acquisition of Grand River Commerce and Grand River Bank, with the transaction expected to close on November 2, 2026. The completion of this acquisition on November 2, 2026, is anticipated to expand Isabella Bank's customer base and presence in West Michigan.

4. Robust Deposit Growth. Total deposits at Isabella Bank increased by $73.0 million, or 4.0%, reaching $1.9 billion as of September 30, 2026. This increase in deposit balances strengthened the Corporation's funding position and indicated positive financial health.

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Stock Movement Drivers

Fundamental Drivers

The 3.1% change in ISBA stock from 7/31/2026 to 11/5/2026 was primarily driven by a 8.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)731202611052026Change
Stock Price ($)39.4240.633.1%
Change Contribution By: 
Total Revenues ($ Mil)79868.9%
Net Income Margin (%)25.1%24.7%-1.8%
P/E Multiple14.514.50.5%
Shares Outstanding (Mil)78-4.1%
Cumulative Contribution3.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
ISBA3.1% 
Market (SPY)-1.9%30.6%
Sector (XLF)1.0%64.0%

Fundamental Drivers

The 3.5% change in ISBA stock from 4/30/2026 to 11/5/2026 was primarily driven by a 13.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611052026Change
Stock Price ($)39.2440.633.5%
Change Contribution By: 
Total Revenues ($ Mil)768613.3%
Net Income Margin (%)24.8%24.7%-0.5%
P/E Multiple15.214.5-4.4%
Shares Outstanding (Mil)78-4.0%
Cumulative Contribution3.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
ISBA3.5% 
Market (SPY)2.3%13.0%
Sector (XLF)10.7%45.8%

Fundamental Drivers

The 16.7% change in ISBA stock from 10/31/2025 to 11/5/2026 was primarily driven by a 21.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511052026Change
Stock Price ($)34.8240.6316.7%
Change Contribution By: 
Total Revenues ($ Mil)718621.2%
Net Income Margin (%)22.8%24.7%8.2%
P/E Multiple15.814.5-7.8%
Shares Outstanding (Mil)78-3.6%
Cumulative Contribution16.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
ISBA16.7% 
Market (SPY)8.4%11.3%
Sector (XLF)11.1%25.0%

Fundamental Drivers

The 145.1% change in ISBA stock from 10/31/2023 to 11/5/2026 was primarily driven by a 142.2% change in the company's P/E Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)16.5840.63145.1%
Change Contribution By: 
Total Revenues ($ Mil)728620.3%
Net Income Margin (%)28.8%24.7%-14.3%
P/E Multiple6.014.5142.2%
Shares Outstanding (Mil)78-1.8%
Cumulative Contribution145.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
ISBA145.1% 
Market (SPY)81.3%14.9%
Sector (XLF)85.5%18.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ISBA Return0%0%0%24%138%-17%145%
Peers Return35%-7%13%24%6%24%129%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
ISBA Win Rate0%0%0%8%67%36% 
Peers Win Rate64%36%53%47%50%61% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
ISBA Max Drawdown0%0%0%0%-26%-32% 
Peers Max Drawdown-18%-29%-40%-18%-25%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MBWM, IBCP, HBNC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventISBAS&P 500
2020 COVID-19 Crash
  % Loss-31.5%-33.7%
  % Gain to Breakeven45.9%50.9%
  Time to Breakeven1874 days140 days
2013 Taper Tantrum
  % Loss-16.9%-0.2%
  % Gain to Breakeven20.3%0.2%
  Time to Breakeven1555 days1 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-10.3%-15.4%
  % Gain to Breakeven11.4%18.2%
  Time to Breakeven9 days125 days
2008-2009 Global Financial Crisis
  % Loss-54.5%-53.4%
  % Gain to Breakeven120.0%114.4%
  Time to Breakeven5938 days1085 days

Compare to MBWM, IBCP, HBNC

In The Past

Isabella Bank's stock fell -0.7% during the 2025 US Tariff Shock. Such a loss loss requires a 0.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventISBAS&P 500
2020 COVID-19 Crash
  % Loss-31.5%-33.7%
  % Gain to Breakeven45.9%50.9%
  Time to Breakeven1874 days140 days
2008-2009 Global Financial Crisis
  % Loss-54.5%-53.4%
  % Gain to Breakeven120.0%114.4%
  Time to Breakeven5938 days1085 days

Compare to MBWM, IBCP, HBNC

In The Past

Isabella Bank's stock fell -0.7% during the 2025 US Tariff Shock. Such a loss loss requires a 0.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Isabella Bank (ISBA)

Isabella Bank Corporation (ISBA) is a bank holding company that primarily operates Isabella Bank, a community bank based in Mount Pleasant, Michigan. Founded in 1903, the company offers a comprehensive range of financial products and services. Its core business focuses on traditional banking activities, serving a broad customer base that includes businesses, institutions, individuals, and families.

The bank's offerings encompass various deposit products, such as checking, savings, certificates of deposit, and money market accounts. On the lending side, Isabella Bank provides commercial, agricultural, and residential real estate loans, alongside consumer loans including secured and unsecured personal options. Beyond core banking, the company extends its services to include cash management, online and mobile banking, trust and investment services, estate planning, and safe deposit box rentals. Additionally, it offers various insurance products, such as group life, health, and disability. Isabella Bank serves customers through 30 banking offices located across seven counties in central Michigan: Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

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JPMorgan Chase for central Michigan.

A community-focused Bank of America for specific counties in Michigan.

Like a local, smaller Wells Fargo, serving financial needs in Michigan communities.

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  • Deposit Accounts: Offers a range of accounts including checking, savings, certificates of deposit, and money market accounts.
  • Loan Products: Provides various loans such as commercial, agricultural, and residential real estate loans, along with consumer loans.
  • Cash Management Services: Assists businesses in managing their financial transactions and cash flow efficiently.
  • Digital Banking Services: Enables convenient banking through mobile and internet platforms, including electronic bill payment.
  • Trust and Investment Services: Offers wealth management, investment guidance, and trust administration for individuals and institutions.
  • Estate Planning Services: Helps clients develop strategies for the future management and distribution of their assets.
  • Insurance Products: Provides group life, health, accident, disability, and other employee benefit insurance programs.
  • Safe Deposit Box Rental: Offers secure physical storage for valuable documents and possessions.
  • Automated Teller Machines (ATMs): Provides widespread access for cash withdrawals and basic banking operations.
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Major Customers of Isabella Bank (ISBA)

Isabella Bank serves a diversified customer base across its operating counties, providing a range of banking and financial services. Based on the description, the company primarily serves the following categories of customers:

  • Individual and Family Customers: This category includes individuals and their families who utilize personal banking services such as checking accounts, savings accounts, certificates of deposit, money market accounts, direct deposits, residential real estate loans, and consumer loans (both secured and unsecured). They also benefit from services like mobile and internet banking, electronic bill pay, automated teller machines, trust and investment services, estate planning, and safe deposit box rentals.
  • Business and Commercial Customers: This segment encompasses businesses, including agricultural operations, that require commercial and agricultural real estate loans, cash management services, and business-focused deposit products. The bank supports these entities with their operational and investment financing needs.
  • Institutional and Employee Benefit Clients: This category includes institutions and other businesses that access Isabella Bank's offerings for specific financial needs, particularly through its group life, health, accident, disability, and other insurance products, as well as various employee benefit programs designed for their staff.

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Jerome E. Schwind President and Chief Executive Officer

Jerome E. Schwind assumed the role of President and Chief Executive Officer of Isabella Bank Corporation and CEO of Isabella Bank on January 5, 2024. He has over 30 years of banking experience, having joined Isabella Bank in 1999 and serving in various capacities, including President of the Bank, Vice President of the Corporation, Executive Vice President, and Chief Operations Officer. Prior to joining Isabella Bank, he spent nearly a decade with other banking institutions. Mr. Schwind holds a B.S. from Ferris State University and an MBA from Lake Superior State University. He chairs the Middle Michigan Development Corporation and is on advisory boards for Ferris State University and the Michigan Bankers Association Perry School of Banking.

Gerald "Jerry" Ritzert Chief Financial Officer

Gerald "Jerry" Ritzert, CPA, was appointed Chief Financial Officer of Isabella Bank Corporation, effective January 5, 2026. He brings over 30 years of experience in accounting and finance, including significant leadership roles within the banking industry. His expertise encompasses asset-liability management, capital planning, investment portfolio optimization, and strategic financial reporting. Mr. Ritzert previously served as Senior Vice President Controller and Vice President of Finance at regional and community banks on the East Coast, and also held a Controller position for an international manufacturing company. He holds a Bachelor of Science in Business Administration – Accounting from Robert Morris College.

Neil M. McDonnell President of Isabella Bank

Neil M. McDonnell was appointed President of Isabella Bank effective January 5, 2024. He has over 30 years of banking experience, having joined Isabella Bank in 2018 as Chief Financial Officer. His background includes executive roles at large international banks, local community banks, and de novo banks in the eastern U.S., where he served as CFO, controller, treasurer, compliance and risk officer, and director of finance.

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The key risks to Isabella Bank (ISBA) are primarily concentrated in areas common to the banking sector, particularly for regional institutions, including credit quality, interest rate sensitivity, and the increasing landscape of regulatory and operational demands.

  1. Credit Risk: Isabella Bank faces exposure to credit risk, which is the potential for losses arising from a borrower's failure to repay a loan or meet contractual obligations. The bank's loan portfolio includes commercial, agricultural, and residential real estate loans, as well as consumer loans. The company's 2025 10-K report details loan portfolio segments by asset class and internal credit ratings, indicating that certain loan classifications, such as "Vulnerable," "Doubtful," and "Loss," may suggest increasing credit risk in specific areas. This risk is particularly pronounced in commercial real estate (CRE) lending, which has shown pockets of vulnerability in the broader regional banking system with rising delinquency rates.
  2. Interest Rate Risk and Liquidity Pressures: As a financial institution, Isabella Bank is sensitive to fluctuations in interest rates. The bank's 10-K specifically identifies interest rate and liquidity pressures as risk factors. Rapid changes in interest rates, such as those experienced between 2021 and 2023, can significantly impact the value of fixed-rate securities held by banks. Furthermore, reliance on short-term funding sources, including Federal Funds, repurchase agreements, and Federal Reserve advances, exposes the bank to interest rate volatility and potential liquidity risks.
  3. Regulatory Compliance and Operational/Cybersecurity Risks: Isabella Bank operates under extensive supervision from various regulatory bodies, including the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Michigan Department of Insurance and Financial Services (DIFS). This subjects the bank to numerous regulatory and compliance burdens, such as Basel III capital rules, Community Reinvestment Act (CRA) obligations, and anti-money laundering requirements. Additionally, the rise of digital banking and increased reliance on technology expose Isabella Bank to significant operational and cybersecurity threats, including cyber-attacks and fraud, which can lead to financial losses, reputational damage, and complex legal issues. The company actively enhances its online banking security features and engages in community outreach to educate customers on fraud prevention.

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The clear emerging threats for Isabella Bank are:

  • The rise of fintech companies and neobanks that offer digital-first banking services, often with lower fees and superior online user experiences, directly challenging traditional banks' deposit products, loan offerings, and digital service adoption.
  • The increasing entry of major technology companies (Big Tech) into financial services, leveraging their vast user bases and technological capabilities to offer payment solutions, lending, and other financial products, potentially disrupting traditional banking relationships.

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Isabella Bank (symbol: ISBA) primarily operates in several Mid-Michigan counties, including Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw. While granular market sizing for all specific banking products and services (such as commercial, agricultural, and residential real estate loans, as well as consumer loans, trust, investment, and insurance products) at the individual county level is not publicly available, the addressable market for deposit products can be estimated based on total deposits within these operating regions. The total deposit market sizes for the primary geographic regions where Isabella Bank operates are as follows, with data from 2024: * **Clare County, Michigan:** The total deposits in the market for Clare County were approximately $403.8 million. * **Gratiot County, Michigan:** The total deposits in the market for Gratiot County were approximately $722.286 million. * **Isabella County, Michigan:** The total deposits in the market for Isabella County were approximately $1.316 billion. * **Mecosta County, Michigan:** The total deposits in the market for Mecosta County were approximately $674.601 million. * **Midland County, Michigan:** The total deposits in the market for Midland County were approximately $1.141 billion. * **Montcalm County, Michigan:** The total deposits in the market for Montcalm County were approximately $722.286 million. The above market sizes are for the specific Mid-Michigan counties mentioned and represent the total deposits held by all financial institutions in those respective markets, providing an addressable market for Isabella Bank's deposit products. Comprehensive, quantifiable market sizes for individual loan types (commercial, agricultural, residential, consumer) or other services like wealth management, trust, and insurance at this detailed county level are not readily available in public data.

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Isabella Bank (ISBA) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Loan Portfolio Expansion: Isabella Bank anticipates continued growth in its loan portfolio, particularly in commercial real estate (CRE), commercial and industrial (C&I), and adjustable-rate residential loan originations. This expansion has been a significant contributor to increased profitability and net interest income.

  2. Net Interest Margin (NIM) Expansion: The company is focused on improving its net interest margin, which represents the difference between interest income generated and interest paid on deposits. Management expects further expansion of NIM as loans continue to reprice and excess cash is reinvested into higher-yielding assets.

  3. Growth in Fee-Based Income: Isabella Bank aims to increase its non-interest income through various fee-generating services. This includes continued growth in wealth management services, which have seen an increase in assets under management and a corresponding boost in wealth fees, as well as revenue from service charges and Bank Owned Life Insurance (BOLI).

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Share Repurchases

  • In 2025, Isabella Bank repurchased 156,957 shares at an average price of approximately $30.00, totaling $4,709,000.
  • As of May 1, 2025, the Board of Directors approved an increase to the share repurchase program by an additional 500,000 shares, making the total authorization available 538,448 shares, with no expiration date.

Share Issuance

  • Isabella Bank has active restricted stock plans, with awards reported for 2023, 2024, and 2025, which could potentially dilute existing shareholders.

Outbound Investments

  • In 2025, total assets increased due to a $112.8 million increase in loans, an $11.3 million increase in the value of bank-owned life insurance (BOLI) policies, and an $8.8 million increase in available-for-sale (AFS) securities.
  • During 2025, the increase in AFS securities was primarily driven by purchases totaling $67.3 million, partially offset by amortizations and maturities of $75.2 million.
  • Isabella Bank increased BOLI separate account investments and pursued a strategy to reinvest proceeds from short-duration Treasuries into loans and securities. The BOLI assets increased by $11.3 million, with $10.2 million from new policy purchases and approximately $13 million of existing general account policies being redeployed into separate account policies in 2025.

Peer Outperformance in Regional Banks

ISBA has outperformed 93% of its 262 Regional Banks peers over 5Y. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that ISBA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
4%
of 281 industry peers · -0.2% return
3Y
91%
of 273 industry peers · 145.1% return
5Y
93%
of 262 industry peers · 145.1% return
No Regional Banks peer with a comparable growth profile has beaten ISBA by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is ISBA's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
Regional Banks ← 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
Asset Management & Custody Banks 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ISBAMBWMIBCPHBNCMedian
NameIsabella.Mercanti.Independ.Horizon . 
Mkt Price40.4259.0836.3320.8538.38
Mkt Cap0.31.00.81.10.9
Rev LTM86272243-18165
Op Inc LTM-----
FCF LTM2793449468
FCF 3Y Avg2061555756
CFO LTM3096569876
CFO 3Y Avg2367646163

Growth & Margins

ISBAMBWMIBCPHBNCMedian
NameIsabella.Mercanti.Independ.Horizon . 
Rev Chg LTM17.3%13.6%9.4%-108.5%11.5%
Rev Chg 3Y Avg6.8%6.3%6.2%-37.1%6.2%
Rev Chg Q17.6%17.3%23.6%13.9%17.4%
QoQ Delta Rev Chg LTM4.2%4.1%5.7%33.3%4.9%
Op Inc Chg LTM-----
Op Inc Chg 3Y Avg-----
Op Mgn LTM-----
Op Mgn 3Y Avg-----
QoQ Delta Op Mgn LTM-----
CFO/Rev LTM34.2%35.5%23.2%-34.2%
CFO/Rev 3Y Avg29.9%26.8%29.1%-29.1%
FCF/Rev LTM31.5%34.3%18.0%-31.5%
FCF/Rev 3Y Avg26.2%24.2%25.1%-25.1%

Valuation

ISBAMBWMIBCPHBNCMedian
NameIsabella.Mercanti.Independ.Horizon . 
Mkt Cap0.31.00.81.10.9
P/S3.63.83.3-3.6
P/Op Inc-----
P/EBIT-----
P/E14.510.711.2-7.410.9
P/CFO10.410.614.310.810.7
Total Yield9.5%11.7%11.8%-10.5%10.6%
Dividend Yield2.6%2.5%2.9%3.0%2.8%
FCF Yield 3Y Avg8.7%7.3%8.0%7.6%7.8%
D/E0.10.50.10.40.2
Net D/E-0.6-1.0-0.5-0.3-0.6

Returns

ISBAMBWMIBCPHBNCMedian
NameIsabella.Mercanti.Independ.Horizon . 
1M Rtn5.4%0.4%2.3%8.0%3.9%
3M Rtn-0.2%-3.0%-4.9%2.7%-1.6%
6M Rtn-1.3%15.2%8.6%14.2%11.4%
12M Rtn-0.8%33.9%21.6%35.3%27.7%
3Y Rtn143.9%88.1%88.3%126.7%107.5%
1M Excs Rtn7.8%3.2%4.4%9.6%6.1%
3M Excs Rtn3.3%-1.2%-2.9%3.9%1.1%
6M Excs Rtn-6.1%10.5%3.8%9.4%6.6%
12M Excs Rtn-18.3%24.8%10.3%24.7%17.5%
3Y Excs Rtn61.0%16.1%19.8%65.8%40.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Banking-related operations7668707164
Total7668707164


Price Behavior

Price Behavior
Market Price$40.63 
Market Cap ($ Bil)0.3 
First Trading Date12/19/2006 
Distance from 52W High-26.7% 
   50 Days200 Days
DMA Price$38.39$41.96
DMA Trenddowndown
Distance from DMA5.8%-3.2%
 3M1YR
Volatility28.6%41.2%
Downside Capture48.2059.56
Upside Capture87.5948.90
Correlation (S&P 500)22.4%13.7%
ISBA Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.130.330.430.140.300.18
Up Beta-3.20-1.470.410.060.220.30
Down Beta-0.52-0.360.060.02-0.020.03
Up Capture70%98%50%13%37%10%
Bmk +ve Days12182862130427
Stock +ve Days12223161124190
Down Capture-22%55%55%27%45%2%
Bmk -ve Days10253664121325
Stock -ve Days9203264126175

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ISBA
ISBA-4.3%41.2%-0.01-
Sector ETF (XLF)11.1%15.2%0.4726.2%
Equity (SPY)9.5%13.6%0.4115.0%
Gold (GLD)3.6%28.7%0.111.1%
Commodities (DBC)37.7%21.2%1.40-14.1%
Real Estate (VNQ)12.0%14.2%0.5511.6%
Bitcoin (BTCUSD)-20.8%43.3%-0.42-2.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ISBA
ISBA9.3%45.9%0.79-
Sector ETF (XLF)9.1%18.4%0.3615.2%
Equity (SPY)11.3%17.3%0.486.9%
Gold (GLD)17.5%19.1%0.74-1.8%
Commodities (DBC)8.0%19.6%0.29-6.4%
Real Estate (VNQ)1.2%18.9%-0.057.8%
Bitcoin (BTCUSD)5.9%51.5%0.29-5.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ISBA
ISBA1.9%41.3%0.34-
Sector ETF (XLF)13.3%22.1%0.5417.2%
Equity (SPY)14.9%18.0%0.7013.4%
Gold (GLD)12.0%16.5%0.591.3%
Commodities (DBC)7.6%18.1%0.332.1%
Real Estate (VNQ)5.7%20.7%0.2311.9%
Bitcoin (BTCUSD)61.3%66.2%1.013.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 9302026-3.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest10.6 days
Basic Shares Quantity7.6 Mil
Short % of Basic Shares4.0%

Earnings Returns History

Updated 11/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/20260.8%6.4% 
7/23/2026-3.5%4.4%4.7%
4/23/2026-4.3%-10.1%-6.9%
2/5/2026-3.2%3.2%-9.7%
10/27/2025-1.0%7.0%23.7%
7/24/2025-0.7%-5.1%-0.0%
4/17/20250.0%0.0%29.5%
1/31/20250.0%0.0%0.0%
...
SUMMARY STATS   
# Positive182119
# Negative523
Median Positive0.0%0.0%0.0%
Median Negative-3.2%-7.6%-6.9%
Max Positive0.8%7.0%29.5%
Max Negative-4.3%-10.1%-9.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/20260.8%6.4% 
7/23/2026-3.5%4.4%4.7%
4/23/2026-4.3%-10.1%-6.9%
2/5/2026-3.2%3.2%-9.7%
10/27/2025-1.0%7.0%23.7%
7/24/2025-0.7%-5.1%-0.0%
4/17/20250.0%0.0%29.5%
1/31/20250.0%0.0%0.0%
10/24/20240.0%0.0%0.0%
7/26/20240.0%0.0%0.0%
4/18/20240.0%0.0%0.0%
2/16/20240.0%0.0%0.0%
10/19/20230.0%0.0%0.0%
7/20/20230.0%0.0%0.0%
4/21/20230.0%0.0%0.0%
2/9/20230.0%0.0%0.0%
10/20/20220.0%0.0%0.0%
7/21/20220.0%0.0%0.0%
4/21/20220.0%0.0%0.0%
2/10/20220.0%0.0%0.0%
10/21/20210.0%0.0%0.0%
4/22/20210.0%0.0%0.0%
2/17/20210.0%0.0%0.0%
SUMMARY STATS   
# Positive182119
# Negative523
Median Positive0.0%0.0%0.0%
Median Negative-3.2%-7.6%-6.9%
Max Positive0.8%7.0%29.5%
Max Negative-4.3%-10.1%-9.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/30/202610-Q
06/30/202608/10/202610-Q
03/31/202605/06/202610-Q
12/31/202503/13/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/08/202510-Q
12/31/202403/12/202510-K
09/30/202411/14/202410-Q
06/30/202408/12/202410-Q
03/31/202405/02/202410-Q
12/31/202303/07/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202305/01/202310-Q
12/31/202203/07/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/30/202610-Q
06/30/202608/10/202610-Q
03/31/202605/06/202610-Q
12/31/202503/13/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/08/202510-Q
12/31/202403/12/202510-K
09/30/202411/14/202410-Q
06/30/202408/12/202410-Q
03/31/202405/02/202410-Q
12/31/202303/07/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202305/01/202310-Q
12/31/202203/07/202310-K
09/30/202210/28/202210-Q
06/30/202207/28/202210-Q
03/31/202204/29/202210-Q
12/31/202103/15/202210-K
09/30/202110/28/202110-Q
06/30/202107/30/202110-Q
03/31/202104/29/202110-Q
12/31/202003/10/202110-K
09/30/202010/29/202010-Q
06/30/202007/31/202010-Q
03/31/202004/29/202010-Q
12/31/201903/16/202010-K

Insider Activity

Updated 10/20/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bourland, Jill DirectBuy1019202636.718300217,805Form
2Bourland, Jill DirectBuy917202639.408300233,126Form
3Bourland, Jill DirectBuy817202641.597300245,352Form
4Bourland, Jill DirectBuy716202639.078300230,204Form
5Bourland, Jill DirectBuy617202641.437300243,478Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bourland, Jill DirectBuy1019202636.718300217,805Form
2Bourland, Jill DirectBuy917202639.408300233,126Form
3Bourland, Jill DirectBuy817202641.597300245,352Form
4Bourland, Jill DirectBuy716202639.078300230,204Form
5Bourland, Jill DirectBuy617202641.437300243,478Form
6Bourland, Jill DirectBuy520202641.057300240,578Form
7Bourland, Jill DirectBuy417202648.906300286,226Form
8Bourland, Jill DirectBuy317202644.037300257,157Form
9Catlin, Jon DChief Credit OfficerDirectBuy304202631.471033,24140,452Form
10Huenemann, Michael KyleChief Lending OfficerDirectBuy304202631.47611,92034,525Form
11McDonnell, Neil MichaelPresidentDirectBuy304202631.47551,731383,587Form
12Schwind, Jerome EPresident & CEODirectBuy304202631.4739612,4621,179,906Form
13Bourland, Jill DirectBuy218202651.306300298,828Form
14Opperman, Sarah R DirectBuy123202649.5827713,7501,210,350Form
15Sackett, Brian Roy DirectBuy123202649.5840320,000206,218Form
16Evans, Jae A DirectBuy123202649.582019,9661,336,342Form
17Behen, David Brian DirectBuy123202649.5824212,00030,293Form
18Coffin, Melinda Marie DirectBuy123202649.5844422,000275,411Form
19McDonnell, Neil MichaelPresidentDirectBuy123202649.5830315,000489,369Form
20Bourland, Jill DirectBuy121202649.5824212,000288,547Form
21Bourland, Jill DirectBuy121202650.006300278,890Form
Core Cache Last Updated: 11/5/2026