Recent Updates — ISBA

Isabella Bank Corporation reported record third-quarter 2026 earnings with net income of $6.6 million, or $0.86 per diluted share, compared to $5.2 million, or $0.71 per diluted share, in the prior-year period. Net interest margin expanded to 3.71% from 3.15%, driven by higher loan yields and lower funding costs. The quarter included after-tax merger-related expenses of $657,000 related to the proposed acquisition of Grand River Commerce, Inc., which received all regulatory and shareholder approvals and is expected to close on November 2, 2026. Total assets grew 1.4% to $2.2 billion, while total deposits increased 4.0% to $1.9 billion. Isabella Bank Corporation operates as a community bank holding company in Michigan.

Isabella Bank Corporation announced it has received all required regulatory approvals to complete its previously announced merger with Grand River Commerce, Inc. Grand River shareholders approved the transaction on September 18, 2026. The combined entity is expected to close on November 2, 2026, pending satisfaction of customary closing conditions. Isabella Bank Corporation operates as a community bank holding company providing personal and commercial banking services in Michigan.

Isabella Bank Corporation announced the mailing of election materials to shareholders of Grand River Commerce, Inc., regarding their proposed merger. Grand River shareholders must elect to receive cash or Isabella common stock by October 23, 2026. The per-share cash consideration is estimated at approximately $5.71, and the exchange ratio for Isabella stock is estimated at 0.1413 shares of Isabella common stock per share of Grand River common stock. The merger remains subject to regulatory approvals and customary closing conditions, with completion expected in the fourth quarter of 2026. Isabella Bank Corporation operates as a community bank holding company providing personal and commercial banking services.

Isabella Bank Corporation announced that shareholders of Grand River Commerce, Inc. approved the previously disclosed merger agreement on September 18, 2026. Under the transaction, Merger Sub will merge with and into Grand River, followed by a second-step merger where Grand River merges into Isabella Bank Corporation. Additionally, Grand River Bank will merge into Isabella Bank. The companies expect to complete the transaction in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions. Isabella Bank Corp operates as a regional bank holding company providing financial services.

Isabella Bank Corporation announced that its Board of Directors declared a third-quarter cash dividend of $0.28 per common share. The dividend is payable on September 30, 2026, to shareholders of record as of September 28, 2026. This routine quarterly distribution reflects the company's ongoing capital return policy. Isabella Bank Corporation operates as a community bank holding company in Michigan, providing personal and commercial lending, deposit products, and wealth management services.

Isabella Bank Corp entered into a participation agreement under its Supplemental Executive Retirement Plan with Chief Financial Officer Gerald J. Ritzert effective August 11, 2026. The agreement provides for eight annual credits totaling $300,000 to Mr. Ritzert's plan account and establishes payment terms of five annual installments upon separation from service. This arrangement replaces the Plan’s default form of payment for this executive. Isabella Bank Corp operates as a financial services company providing banking products and services in Michigan.