ISBA FY 2022 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2022 Earnings

Reported March 7, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$77M	—	$71M	—	7.4%
Op. Income	$27M	—	$23M	—	15.0%
Gross Margin	92.4%	—	90.3%	—	2.1pp
Net Margin	29.0%	—	27.4%	—	1.7pp
EPS (Diluted)	$2.91	—	$2.45	—	18.8%
Free Cash Flow	$24M	—	$24M	—	-0.7%

Revenue Flow

Item	Amount
REVENUE	$77M
Cost of Revenue	$6M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$25M
SG&A Expenses	$27M
Other Expenses	$17M
Operating Expenses	$44M
Cost & Expenses	$50M
OPERATING INCOME	$27M
Interest Income	$66M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$5M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$2M
EBIT	$27M
EBITDA	$29M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$77M
Cost of Revenue	$6M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$25M
SG&A Expenses	$27M
Other Expenses	$17M
Operating Expenses	$44M
Cost & Expenses	$50M
OPERATING INCOME	$27M
Interest Income	$66M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$5M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$2M
EBIT	$27M
EBITDA	$29M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$2M
Stock-Based Compensation	$610.0K
Deferred Income Tax	$13.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$553.0K
OPERATING CASH FLOW	$27M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$211M
Sales/Maturities of Investments	$69M
Other Investing Activities	$39M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	-$12M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$8M
Other Financing Activities	$34M
NET CASH FROM FINANCING	$13M
FREE CASH FLOW	$24M
Net Change in Cash	-$66M

Balance Sheet

Item	Amount
Cash & Equivalents	$39M
Short-Term Investments	$580M
Net Receivables	$34M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$653M
PP&E (Net)	$26M
Goodwill	$48M
Intangible Assets	$5.0K
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.0B
Account Payables	$13M
Short-Term Debt	$58M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$29M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$1.8B
Common Stock	$129M
Additional Paid-In Capital	$0
Retained Earnings	$90M
Treasury Stock	$0
Accum. Other Comp. Income	-$37M
Other Equity	$5M
TOTAL STOCKHOLDERS' EQUITY	$186M
Minority Interest	$0
TOTAL EQUITY	$186M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$87M
Net Debt	$48M