Isabella Bank Reports Q3 Net Income Growth and Acquisition Approval
Isabella Bank (ISBA) reported third-quarter financial results featuring a GAAP earnings per share of $0.86 and net income of $6.6 million, representing a 26.9% increase year-over-year. A key driver of this performance was the expansion of the net interest margin, which rose to 3.71% from 3.15% in the prior year period. The bank's deposit base grew by 4.0% to reach $1.9 billion as of September 30, 2026, supported significantly by a $141.8 million rise in money market accounts. Additionally, Isabella Bank confirmed that it has secured all necessary regulatory and shareholder approvals for its acquisition of Grand River Commerce (GNRV), with the transaction expected to close on November 2, 2026.
Tickers: $GNRV
Topics: deposits earnings report merger and acquisition net income net interest margin