ISBA Financials ISABELLA BANK CORP

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:31 UTC Overview →

Growth & profitability

Revenue has grown 4.4% per year over the past 5 years.
Net income has grown faster than revenue (11.7% vs 4.4% per year).
Free cash flow has grown 2.6% per year over the past 5 years.

Financial health

Total debt ($143M) exceeds cash ($26M); net debt is $116M.
Total debt has grown slower than revenue (-2.1% vs 4.4% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 42.8% of earnings and 34.6% of free cash flow.
The dividend has declined 1.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	—	$19M	—	—	8.2%	0.9%	$23M	$143M	$26M
2024	—	$14M	—	—	6.6%	0.7%	$18M	$113M	$25M
2023	—	$18M	—	—	9.0%	0.9%	$20M	$116M	$34M
2022	—	$22M	—	—	11.9%	1.1%	$24M	$87M	$39M
2021	—	$19M	—	—	9.2%	1.0%	$24M	$99M	$105M
2020	—	$11M	—	—	5.0%	0.6%	$20M	$159M	$247M
2019	—	$13M	—	—	6.2%	0.7%	$22M	$276M	$61M
2018	$6M	$14M	0.0%	0.0%	7.2%	0.8%	$20M	$340M	$73M
2017	$5M	$13M	0.0%	0.0%	6.8%	0.7%	$18M	$345M	$31M
2016	$5M	$14M	0.0%	0.0%	7.3%	0.8%	$16M	$338M	$23M
2015	—	$15M	—	—	8.2%	0.9%	$7M	$310M	$22M
2014	—	$14M	—	—	7.9%	0.9%	$15M	$290M	$20M
2013	—	$13M	—	—	7.8%	0.8%	$21M	$279M	$42M
2012	—	$12M	—	—	7.4%	0.9%	$16M	$241M	$29M
2011	—	$10M	—	—	6.6%	0.8%	$16M	—	$29M

Net income

Return on equity & assets (ROE / ROA)

ROEROA

Shareholders' equity (book value)

Equity

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	—	$7M	—	—	2.7%	0.3%	$5M	—	$139M
Jun '26	—	$5M	—	—	2.0%	0.2%	$7M	—	$42M
Mar '26	—	$5M	—	—	2.1%	0.2%	$3M	—	$50M
Dec '25	—	$5M	—	—	2.0%	0.2%	$11M	$143M	$26M
Sep '25	—	$5M	—	—	2.3%	0.2%	$674000	$92M	$161M
Jun '25	—	$5M	—	—	2.3%	0.2%	$7M	$73M	$109M
Mar '25	—	$4M	—	—	1.8%	0.2%	$4M	$77M	$69M
Dec '24	—	$4M	—	—	1.9%	0.2%	$7M	$113M	$25M
Sep '24	—	$3M	—	—	1.5%	0.2%	$3M	$97M	$27M
Jun '24	—	$3M	—	—	1.7%	0.2%	$5M	$119M	$24M
Mar '24	—	$3M	—	—	1.6%	0.2%	$3M	$72M	$25M
Dec '23	—	$4M	—	—	1.9%	0.2%	$4M	$116M	$34M
Sep '23	—	$4M	—	—	2.4%	0.2%	$3M	$147M	$116M
Jun '23	—	$5M	—	—	2.5%	0.2%	$7M	$121M	$30M
Mar '23	—	$5M	—	—	2.8%	0.3%	$6M	$61M	$99M
Dec '22	—	$6M	—	—	3.4%	0.3%	$6M	$87M	$39M
Sep '22	—	$6M	—	—	3.3%	0.3%	$4M	$82M	$99M
Jun '22	—	$5M	—	—	2.8%	0.3%	$9M	$86M	$82M
Mar '22	—	$5M	—	—	2.4%	0.2%	$5M	$91M	$161M
Dec '21	—	$5M	—	—	2.3%	0.2%	$4M	$99M	$105M

Valuation over time

How the market has priced ISBA against its own fundamentals since 2025-05 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 15.1× (May '25) to 16.1× (Nov '26).
The dividend yield has fallen from 3.9% (May '25) to 2.6% (Nov '26).

Price / earnings (P/E)

P/E

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ISBA growing its revenue and profit?

Over the past 5 years, ISABELLA BANK CORP's revenue has grown 4.4% per year, and net income grown 11.7% per year. These are computed facts, not advice.

How much debt does ISBA have?

As of FY2025, ISABELLA BANK CORP reported $143M of total debt against $26M of cash.

What is ISBA's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin —.

What is ISBA's P/E ratio?

ISABELLA BANK CORP's P/E (TTM) is 14.31 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ISBA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.