Isabella Bank Corporation

ISBA

ISBAIsabella Bank Corporation US flag

NASDAQ Capital Market

40.10

USD

-1.53

- -

294.04MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	50	54	49	50	50	51	55	57	58	62	64	71	70	68	76
+ Sales & Services Revenue	50	54	49	50	50	51	55	57	58	62	64	71	70	68	76
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	-15	-15	-16	-18	-16	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	24	26	21	22	22	21	24	25	25	26	26	27	29	31	33
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-24	-26	-21	-22	-22	-21	-24	-25	-25	-26	-26	-27	-29	-31	-33
Operating Income (Loss)	- -	15	15	16	18	16	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-12	- -	- -	- -	- -	- -	-16	-15	-14	-12	-23	-27	-22	-16	-24
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-12	- -	- -	- -	- -	- -	-16	-15	-14	-12	-23	-27	-22	-16	-24
Pretax Income	12	15	15	16	18	16	16	15	14	12	23	27	22	16	24
- Income Tax Expense (Benefit)	1	2	2	2	3	2	3	1	1	1	4	5	4	3	5
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	10	12	13	14	15	14	13	14	13	11	19	22	18	14	19
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	10	12	13	14	15	14	13	14	13	11	19	22	18	14	19
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	10	12	13	14	15	14	13	14	13	11	19	22	18	14	19
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	10	12	13	14	15	14	13	14	13	11	19	22	18	14	19
EBIT	- -	15	15	16	18	16	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	4	18	18	19	22	20	3	3	3	3	3	2	2	2	2
EBITDA Margin (%)	7.1	33.5	36.74	38.08	43.08	38.06	6.13	5.72	5.62	5.12	4.6	2.91	2.83	3.05	2.8
EBITA	- -	15	15	16	18	16	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	27.07	30.01	32.09	36.73	31.47	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	20.51	22.68	25.53	27.41	30.17	26.9	24.13	24.65	22.27	17.58	30.53	31.22	25.95	20.29	24.78
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.76	0.8	0.84	0.88	0.94	0.98	1.02	1.04	1.05	1.07	1.11	1.07	1.09	1.09	1.09
Depreciation Expense	4	3	3	3	3	3	3	3	3	3	3	2	2	2	2
Basic Weighted Avg Shares	8	8	8	8	8	8	8	8	8	8	8	8	8	7	7
Basic EPS, GAAP	1.35	1.61	1.63	1.77	1.95	1.77	1.69	1.78	1.65	1.37	2.59	2.95	2.42	1.86	2.56
Basic EPS from Cont Ops	1.35	1.61	1.63	1.77	1.95	1.77	1.69	1.78	1.65	1.37	2.59	2.95	2.42	1.86	2.56
Diluted Weighted Avg Shares	8	8	8	8	8	8	8	8	8	8	8	8	8	7	7
Diluted EPS, GAAP	1.31	1.56	1.59	1.74	1.9	1.73	1.65	1.74	1.61	1.34	2.45	2.91	2.4	1.86	2.56
Diluted EPS from Cont Ops	1.31	1.56	1.59	1.74	1.9	1.73	1.65	1.74	1.61	1.34	2.45	2.91	2.4	1.86	2.56

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	463	533	554	587	682	581	580	568	490	586	596	619	562	514	227
+ Cash & Cash Equivalents	38	29	42	20	22	23	31	73	61	247	105	39	34	25	26
+ ST Investments	425	504	512	568	660	558	549	495	430	339	491	580	528	489	201
+ Accounts & Notes Receiv	6	5	5	6	6	7	7	7	7	21	20	34	35	- -	- -
+ Accounts Receivable, Net	6	5	5	6	6	7	7	7	7	21	20	34	35	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-468	-539	-560	-593	-688	-588	-587	-575	-497	-607	-616	-653	-597	-514	-227
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	25	26	26	26	28	29	28	28	26	25	24	26	28	28	29
+ Property, Plant & Equip	54	58	60	62	65	68	69	71	72	73	73	73	77	77	80
- Accumulated Depreciation	30	32	35	36	37	39	41	43	45	47	49	48	49	49	51
+ LT Investments & Receivables	447	524	531	588	682	580	576	520	451	357	508	596	528	489	498
+ LT Investments	447	524	531	588	682	580	576	520	451	357	508	596	528	489	498
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-472	-549	-557	-613	-711	-609	-604	-548	-478	-382	-532	-622	-556	-517	-527
+ Total Intangible Assets	47	47	46	46	49	49	49	48	48	48	48	48	48	48	48
+ Goodwill	46	46	46	46	48	48	48	48	48	48	48	48	48	48	48
+ Other Intangible Assets	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-518	-596	-603	-660	-760	-658	-653	-596	-526	-430	-581	-670	-604	-565	-575
Total Assets	1,338	1,431	1,493	1,550	1,668	1,732	1,813	1,843	1,813	1,957	2,032	2,030	2,059	2,086	2,209
+ Payables & Accruals	9	7	9	11	10	12	8	14	13	14	11	13	- -	- -	- -
+ Accounts Payable	9	7	9	11	10	12	8	14	13	14	11	13	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-9	-7	-9	-11	-10	-12	-8	-14	-13	-14	-11	-13	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-9	-7	-9	-11	-10	-12	-8	-14	-13	-14	-11	-13	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	142	152	162	192	235	270	290	300	245	90	49	29	69	59	75
+ LT Borrowings	142	152	162	192	235	270	290	300	245	90	49	29	69	59	75
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-142	-152	-162	-192	-235	-270	-290	-300	-245	-90	-49	-29	-69	-59	-75
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-142	-152	-162	-192	-235	-270	-290	-300	-245	-90	-49	-29	-69	-59	-75
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	1,183	1,266	1,333	1,375	1,484	1,544	1,618	1,647	1,602	1,739	1,821	1,844	1,857	1,876	1,978
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	269	273	275	278	278	279	281	281	141	142	129	129	127	126	123
+ Common Stock	135	137	138	139	139	140	140	140	141	142	129	129	127	126	123
+ Additional Paid in Capital	135	137	138	139	139	140	140	140	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	13	19	25	32	40	46	52	57	62	64	76	90	97	103	114
+ Other Equity	2	5	-6	-1	- -	-3	-3	-8	2	8	2	-37	-26	-21	-8
Equity Before Minority Interest	155	164	161	175	184	188	195	196	210	219	211	186	202	210	231
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	155	164	161	175	184	188	195	196	210	219	211	186	202	210	231
Total Liabilities & Equity	1,338	1,431	1,493	1,550	1,668	1,732	1,813	1,843	1,813	1,957	2,032	2,030	2,059	2,086	2,209
Shares Outstanding	8	8	8	8	8	8	8	8	8	8	8	8	7	7	7
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	105	123	120	172	213	247	259	227	184	-157	-56	-10	36	35	48
Net Debt to Equity	67.66	74.54	74.63	98.57	116.01	131.51	132.96	115.86	87.75	-71.66	-26.62	-5.2	17.62	16.59	20.95
Tangible Common Equity Ratio	8.36	8.52	7.9	8.54	8.35	8.27	8.29	8.2	9.17	8.92	8.2	6.96	7.66	7.95	8.47
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	10	12	13	14	15	14	13	14	13	11	19	22	18	14	19
+ Depreciation & Amortization	4	3	3	3	3	3	3	3	3	3	3	2	2	2	2
+ Non-Cash Items	4	4	4	1	- -	2	5	4	5	8	2	3	3	2	-1
+ Stock-Based Compensation	1	1	1	- -	1	1	1	1	1	- -	- -	1	1	- -	- -
+ Deferred Income Taxes	- -	1	-1	- -	2	- -	3	- -	- -	- -	-1	- -	1	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	3	3	5	1	-2	2	2	3	4	8	2	3	2	2	-1
+ Chg in Non-Cash Work Cap	1	- -	4	-1	-7	1	-2	1	2	- -	1	-1	1	2	7
+ (Inc) Dec in Accts Receiv	- -	1	- -	- -	- -	- -	- -	- -	- -	-1	1	-3	-1	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	-1	2	1	-1	1	-2	- -	1	- -	- -	2	1	- -	- -
+ Inc (Dec) in Other	1	- -	2	-1	-5	- -	1	- -	1	- -	- -	- -	1	2	7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	19	19	24	18	12	20	20	22	23	22	26	27	24	20	27
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-3	-4	-2	-3	-5	-4	-2	-2	-1	-2	-2	-3	-4	-2	-3
+ Acq of Fixed Prod Assets	-3	-4	-2	-3	-5	-4	-2	-2	-1	-2	-2	-3	-4	-2	-3
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	1	1	- -	- -	1	-1	- -	- -	-13	-1	-3	-3	-3
+ Increase in Capital Stock	2	3	4	4	5	5	6	7	5	4	2	2	2	2	1
+ Decrease in Capital Stock	-2	-2	-3	-3	-5	-5	-6	-7	-5	-4	-15	-2	-5	-4	-5
+ Net Change in LT Investment	-87	-77	-29	-46	-94	93	3	48	75	97	-162	-142	64	41	3
+ Dec in LT Investment	78	130	102	82	91	173	110	84	115	126	100	69	75	49	74
+ Inc in LT Investment	-165	-207	-132	-128	-186	-80	-107	-36	-40	-29	-263	-211	-11	-7	-71
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-16	-21	-38	-26	-14	-159	-83	-39	-58	-50	-66	39	-86	-77	-115
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-105	-102	-70	-75	-113	-70	-82	7	15	45	-230	-106	-26	-38	-116
+ Dividends Paid	-6	-6	-6	-7	-7	-8	-8	-8	-8	-9	-8	-8	-8	-8	-8
+ Net Cash From Debt	21	25	38	10	20	28	7	- -	-55	-163	-41	-20	40	- -	- -
+ Cash From Debt	21	25	38	10	20	28	7	- -	- -	- -	29	- -	40	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	-55	-163	-70	-20	- -	- -	- -
+ Other Financing Activities	81	60	26	31	90	30	70	23	12	290	125	42	-32	20	102
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	97	79	59	35	103	51	70	14	-52	119	63	13	-3	9	91
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	10	-4	13	-22	2	1	8	43	-13	186	-141	-66	-5	-9	1
EBITDA	4	18	18	19	22	20	3	3	3	3	3	2	2	2	2
EBITDA Margin (%)	7.1	33.5	36.74	38.08	43.08	38.06	6.13	5.72	5.62	5.12	4.6	2.91	2.83	3.05	2.8
Free Cash Flow	16	16	21	15	7	16	18	20	22	20	24	24	20	18	23
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	16	16	21	15	7	16	18	20	22	20	24	24	20	18	23
Free Cash Flow to Equity	38	41	59	25	27	44	25	20	-33	-142	-17	4	60	18	23
Free Cash Flow per Basic Share	2.16	2.09	2.74	1.92	0.9	2.1	2.25	2.5	2.78	2.58	3.17	3.14	2.68	2.35	3.16
Price/Free Cash Flow	8.61	7.36	7.19	8.77	13.81	9.27	10.44	7.49	7.98	6.76	7.49	5.97	5.77	8.93	12.19
Cash Flow to Net Income	1.85	1.59	1.89	1.28	0.8	1.47	1.49	1.57	1.79	2.02	1.31	1.21	1.33	1.41	1.42
Capital Expenditures	-3	-4	-2	-3	-5	-4	-2	-2	-1	-2	-2	-3	-4	-2	-3