Isabella Bank

ISBA on Nasdaq. Isabella Bank sells bank accounts, loans and other banking services to local customers. Market value $284m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Pays a 2.8% dividend, every year for at least 5 years.

What to watch out for

Business quality below our bar: it scores 58 of 100, and our list needs 70.

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity

five annual reports to December 2025

9.1%five-year median

Yearly profit per dollar of owners' money: 9 cents. Above 10 is good.

Price to book

quarterly report to June 2026

1.1×

What you pay for each dollar of net assets: $1.14.

Earnings yield

past 12 months to June 2026

7.0%

Profit per $100 you pay: $7.02.

Quality score: 58 of 100. Price score: 90 of 100. Our list needs 70 on quality and 60 on price.

$37.29 a share, 12% above its 1-year low

Dividend: 2.8% a year

Paid every year for at least 5 years

Prices from Friday’s close (9 October).

Five years of cash, in billions

n/a

20212022202320242025

Revenue
Revenue	n/a	n/a	n/a	n/a	n/a
Operating margin
Operating margin	n/a	n/a	n/a	n/a	n/a
Debt to equity
Debt to equity	n/a	n/a	n/a	n/a	n/a
Shares outstanding
Shares outstanding	0.01bn	0.01bn	0.01bn	0.01bn	0.01bn

Health checks

Free cash flow positiveDoesn't apply to banks and insurers
Accounting checksDoesn't apply to banks and insurers
DebtDoesn't apply to banks and insurers
Revenue growth, five yearsUnknown
Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

Profit: $5 million, about the same as a year ago.
Spare cash over the past 12 months: $23 million, up from $21 million.
1% fewer shares than a year ago. Each share owns a bit more of the company.

Profit by quarter

$5m

Profit by quarter
Quarter to	Amount
September 2024	$3m
December 2024	$4m
March 2025	$4m
June 2025	$5m
September 2025	$5m
December 2025	$5m
March 2026	$5m
June 2026	$5m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated): n/a
Last annual report (10-K): 13 March 2026
Next quarterly (estimated, 10-Q): 9 November 2026

Who owns it

None of the long-term investors we follow own it. 59 funds in all.

Jun '25

Dec '25

Jun '26

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

BlackRock, Inc.
Passive investor
6.4%
Since 30 June 2026

Holder	Stake	Since
BlackRock, Inc. Passive investor	6.4%	30 June 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 10 insiders bought $126,770 of shares on the open market.

Bourland Jill
Director
Bought
Date
16 September 2026
Shares
8
Price
$39.40
Value
$300
Bourland Jill
Director
Bought
Date
17 August 2026
Shares
7
Price
$41.59
Value
$300
Bourland Jill
Director
Bought
Date
16 July 2026
Shares
8
Price
$39.07
Value
$300
Bourland Jill
Director
Bought
Date
16 June 2026
Shares
7
Price
$41.43
Value
$300
Bourland Jill
Director
Bought
Date
18 May 2026
Shares
7
Price
$41.05
Value
$300
Bourland Jill
Director
Bought
Date
16 April 2026
Shares
6
Price
$48.90
Value
$300
Bourland Jill
Director
Bought
Date
16 March 2026
Shares
7
Price
$44.03
Value
$300
Catlin Jon D
Chief Credit Officer
Bought
Date
2 March 2026
Shares
103
Price
$31.47
Value
$3,241
Huenemann Michael Kyle
Chief Lending Officer
Bought
Date
2 March 2026
Shares
61
Price
$31.47
Value
$1,920
McDonnell Neil Michael
President, Director
Bought
Date
2 March 2026
Shares
55
Price
$31.47
Value
$1,731

Date	Who	Did	Shares	Price	Value
16 September 2026	Bourland Jill Director	Bought	8	$39.40	$300
17 August 2026	Bourland Jill Director	Bought	7	$41.59	$300
16 July 2026	Bourland Jill Director	Bought	8	$39.07	$300
16 June 2026	Bourland Jill Director	Bought	7	$41.43	$300
18 May 2026	Bourland Jill Director	Bought	7	$41.05	$300
16 April 2026	Bourland Jill Director	Bought	6	$48.90	$300
16 March 2026	Bourland Jill Director	Bought	7	$44.03	$300
2 March 2026	Catlin Jon D Chief Credit Officer	Bought	103	$31.47	$3,241
2 March 2026	Huenemann Michael Kyle Chief Lending Officer	Bought	61	$31.47	$1,920
2 March 2026	McDonnell Neil Michael President, Director	Bought	55	$31.47	$1,731

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the serious warning signs we check for were found. 1 thing worth knowing.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 13 Mar 2026, plus the 10-Q filed 10 Aug 2026 and 13 later 8-Ks.

Changed auditor
Worth knowing
The company changed its auditor (the firm that checks its books) in the last two years.
“On January 27, 2025, (the "Appointment Date") the Corporation appointed Plante & Moran, PLLC ("Plante") as its new independent registered public accounting firm for the fiscal year ending December 31, 2025.”
From an 8-K filed 31 January 2025: Change of auditor. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

What the business is worth, as a range, and the margin of safety at today’s price
Prices to start buying, buy, and buy hard
The three things that would make this a mistake
Every number footnoted to the filing it came from

Create a free account to run it

Your first deep dive is free.

What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.