PGC

Earnings Performance: Isabella Bank Corporation (ISBA) reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.60, and showing a year-over-year increase from $0.61 per share. The company has surpassed consensus EPS estimates three times in the last four quarters.

Revenue Growth: The bank's revenues for the quarter reached $20.47 million, surpassing the Zacks Consensus Estimate by 4.44% and increasing from $18.02 million a year ago. It has topped revenue estimates twice in the last four quarters.

Stock Outlook: Isabella Bank shares have risen approximately 38.1% year-to-date, outperforming the S&P 500's 15.5% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.

Industry Context: The Banks - Northeast industry is currently in the top 20% of Zacks-ranked industries, which historically shows strong performance correlations with stock movements. Peapack-Gladstone (PGC), another bank in the same industry, is expected to report earnings soon, with a year-over-year increase anticipated.

New Appointment: Halcyon has appointed Tony Spinelli as Vice President, Field Chief Information Security Officer, to enhance organizations' resilience against ransomware threats.

Expertise and Goals: Spinelli, with over 30 years of cybersecurity experience, will advise CISOs on security investments and strategies to combat ransomware, ensuring business continuity and reducing risks.

Real-time Intelligence for Traders: Benzinga Pro offers the fastest news alerts and real-time intelligence to help traders succeed in the stock market.

Exclusive Community Access: Joining Benzinga Pro connects you with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.