Investar Holding Financials

ISTR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Investar Holding (ISTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Investar Holding passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

0.79x

For every $1 of reported earnings, Investar Holding generates $0.79 in operating cash flow ($15.9M OCF vs $20.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$87.4M

YoY+5.3%

5Y CAGR+4.8%

10Y CAGR+10.8%

Investar Holding generated $87.4M in revenue in fiscal year 2024. This represents an increase of 5.3% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$20.3M

YoY+21.4%

5Y CAGR+3.8%

10Y CAGR+14.1%

Investar Holding reported $20.3M in net income in fiscal year 2024. This represents an increase of 21.4% from the prior year.

EPS (Diluted)

$2.04

YoY+20.7%

5Y CAGR+4.2%

10Y CAGR+8.2%

Investar Holding earned $2.04 per diluted share (EPS) in fiscal year 2024. This represents an increase of 20.7% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$0.41

YoY+3.8%

5Y CAGR+12.3%

10Y CAGR+26.2%

Investar Holding paid $0.41 per share in dividends in fiscal year 2024. This represents an increase of 3.8% from the prior year.

Shares Outstanding

10M

YoY+0.8%

5Y CAGR-2.6%

10Y CAGR+3.1%

Investar Holding had 10M shares outstanding in fiscal year 2024. This represents an increase of 0.8% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

23.2%

YoY+3.1pp

5Y CAGR-1.2pp

10Y CAGR+6.0pp

Investar Holding's net profit margin was 23.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity

8.4%

YoY+1.0pp

5Y CAGR+1.4pp

10Y CAGR+3.2pp

Investar Holding's ROE was 8.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$305K

YoY-89.9%

5Y CAGR-48.4%

10Y CAGR+48.1%

Investar Holding spent $305K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 89.9% from the prior year.

Capital Expenditures

N/A

ISTR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$87.4M+5.3%	$83.1M-21.1%	$105.2M+44.2%	$73.0M-2.0%	$74.5M+7.7%	$69.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$74.1M+26.3%	$58.7M+296.9%	$14.8M+26.1%	$11.7M-42.1%	$20.3M-17.7%	$24.6M
Income Tax	$4.2M+10.8%	$3.8M-56.6%	$8.6M+352.5%	$1.9M-44.7%	$3.5M-16.2%	$4.1M
Net Income	$20.3M+21.4%	$16.7M-53.3%	$35.7M+346.4%	$8.0M-42.4%	$13.9M-17.5%	$16.8M
EPS (Diluted)	$2.04+20.7%	$1.69-51.7%	$3.50+360.5%	$0.76-40.2%	$1.27-23.5%	$1.66

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	$24.0M+8.4%	$22.1M-7.6%	$24.0M+21.2%	$19.8M+3.2%	$19.1M-17.8%	$23.3M+11.7%	$20.9M-15.5%	$24.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$15.9M+1.4%	$15.7M-2.3%	$16.1M-11.5%	$18.2M+15.8%	$15.7M+12.0%	$14.0M+29.7%	$10.8M+57.7%	$6.9M
Income Tax	$1.3M+38.3%	$935K-34.2%	$1.4M+81.7%	$782K+33.7%	$585K-61.2%	$1.5M+72.7%	$874K-53.5%	$1.9M
Net Income	$6.2M+37.5%	$4.5M-28.6%	$6.3M+77.9%	$3.5M+27.2%	$2.8M-57.5%	$6.5M+71.7%	$3.8M-57.2%	$8.9M
EPS (Diluted)	$0.54+17.4%	$0.46-27.0%	$0.63+75.0%	$0.36+28.6%	$0.28-58.2%	$0.67+76.3%	$0.38-56.8%	$0.88

ISTR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.7B-3.3%	$2.8B+2.2%	$2.8B+9.6%	$2.5B+8.3%	$2.3B+8.0%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	$35.4M-20.9%	$44.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$40.1M0.0%	$40.1M0.0%	$40.1M0.0%	$40.1M+42.7%	$28.1M+7.7%	$26.1M
Total Liabilities	$2.5B-4.1%	$2.6B+2.0%	$2.5B+11.8%	$2.3B+9.3%	$2.1B+9.0%	$1.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$9.8M0.0%	$9.8M0.0%	$9.8M0.0%	$9.8M	N/A	N/A
Total Equity	$241.3M+6.4%	$226.8M+5.1%	$215.8M-11.1%	$242.6M-0.3%	$243.3M+0.5%	$242.0M
Retained Earnings	$132.9M+13.9%	$116.7M+7.9%	$108.2M+42.1%	$76.2M+6.7%	$71.4M+18.6%	$60.2M

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$2.8B+1.9%	$2.7B+0.7%	$2.7B-3.0%	$2.8B+0.9%	$2.8B+1.3%	$2.8B+0.1%	$2.8B-0.1%	$2.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$40.1M	N/A	N/A	$40.1M	N/A	N/A	N/A	$40.1M
Total Liabilities	$2.5B+0.5%	$2.5B+0.6%	$2.5B-4.3%	$2.6B+0.3%	$2.6B+1.8%	$2.5B+0.1%	$2.5B-0.2%	$2.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$9.8M	N/A	N/A	$9.8M	N/A	N/A	N/A	$9.8M
Total Equity	$295.3M+15.4%	$255.9M+1.7%	$251.7M+11.0%	$226.8M+8.6%	$208.7M-4.4%	$218.4M0.0%	$218.5M+1.2%	$215.8M
Retained Earnings	$146.2M+3.2%	$141.6M+2.5%	$138.2M+18.4%	$116.7M+2.2%	$114.1M+1.6%	$112.3M+5.2%	$106.8M-1.3%	$108.2M

ISTR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$15.9M-39.3%	$26.2M-38.6%	$42.7M+27.7%	$33.5M+88.6%	$17.7M-4.4%	$18.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$90.1M+222.6%	-$73.5M+79.1%	-$351.0M-757.3%	$53.4M+136.0%	-$148.1M-43.7%	-$103.1M
Financing Cash Flow	-$110.1M-382.3%	$39.0M-84.5%	$251.5M+1097.6%	-$25.2M-120.8%	$121.1M+8.0%	$112.1M
Dividends Paid	$4.0M+3.3%	$3.8M+8.2%	$3.6M+15.0%	$3.1M+15.0%	$2.7M+24.0%	$2.2M
Share Buybacks	$305K-89.9%	$3.0M-71.3%	$10.5M+52.2%	$6.9M-37.7%	$11.1M+33.5%	$8.3M

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	$6.9M+118.3%	$3.2M-29.0%	$4.5M+1412.8%	$296K-97.2%	$10.7M+267.6%	$2.9M-76.5%	$12.4M+34.5%	$9.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$66.9M-762.6%	-$7.8M-149.5%	$15.7M+132.4%	-$48.4M+0.5%	-$48.6M-240.8%	$34.6M+413.4%	-$11.0M+87.3%	-$87.1M
Financing Cash Flow	$40.2M+146.6%	$16.3M+457.7%	-$4.6M-127.7%	$16.4M-54.0%	$35.7M+1356.6%	-$2.8M+72.4%	-$10.3M-112.5%	$82.2M
Dividends Paid	$1.1M+5.0%	$1.0M-0.1%	$1.0M+5.3%	$980K-0.1%	$981K+4.4%	$940K-0.3%	$943K0.0%	$943K
Share Buybacks	$321K-49.4%	$634K-2.3%	$649K+92.0%	$338K-50.1%	$677K-38.4%	$1.1M+20.5%	$912K+342.7%	$206K

ISTR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.2%+3.1pp	20.1%-13.9pp	33.9%+23.0pp	11.0%-7.7pp	18.6%-5.7pp	24.4%
Return on Equity	8.4%+1.0pp	7.3%-9.2pp	16.6%+13.3pp	3.3%-2.4pp	5.7%-1.2pp	7.0%
Return on Assets	0.7%+0.2pp	0.6%-0.7pp	1.3%+1.0pp	0.3%-0.3pp	0.6%-0.2pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.040.0	0.040.0	0.050.0	0.04-8.5	8.54+0.7	7.88
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.8%+5.4pp	20.3%-6.0pp	26.3%+8.4pp	17.9%+3.4pp	14.5%-13.6pp	28.1%+9.8pp	18.3%-17.8pp	36.0%
Return on Equity	2.1%+0.3pp	1.8%-0.7pp	2.5%+0.9pp	1.6%+0.2pp	1.3%-1.7pp	3.0%+1.3pp	1.7%-2.4pp	4.1%
Return on Assets	0.2%+0.1pp	0.2%-0.1pp	0.2%+0.1pp	0.1%+0.0pp	0.1%-0.1pp	0.2%+0.1pp	0.1%-0.2pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.48-1.3	9.74-0.1	9.84+9.8	0.04-12.3	12.37+0.8	11.61+0.0	11.60+11.6	0.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Investar Holding's annual revenue?

Investar Holding (ISTR) reported $87.4M in total revenue for fiscal year 2024. This represents a 5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Investar Holding's revenue growing?

Investar Holding (ISTR) revenue grew by 5.3% year-over-year, from $83.1M to $87.4M in fiscal year 2024.

Is Investar Holding profitable?

Yes, Investar Holding (ISTR) reported a net income of $20.3M in fiscal year 2024, with a net profit margin of 23.2%.

What is Investar Holding's earnings per share (EPS)?

Investar Holding (ISTR) reported diluted earnings per share of $2.04 for fiscal year 2024. This represents a 20.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Investar Holding's net profit margin?

Investar Holding (ISTR) had a net profit margin of 23.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Investar Holding pay dividends?

Yes, Investar Holding (ISTR) paid $0.41 per share in dividends during fiscal year 2024.

What is Investar Holding's return on equity (ROE)?

Investar Holding (ISTR) has a return on equity of 8.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Investar Holding's operating cash flow?

Investar Holding (ISTR) generated $15.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Investar Holding's total assets?

Investar Holding (ISTR) had $2.7B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Investar Holding buy back shares?

Yes, Investar Holding (ISTR) spent $305K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Investar Holding have outstanding?

Investar Holding (ISTR) had 10M shares outstanding as of fiscal year 2024.

What is Investar Holding's debt-to-equity ratio?

Investar Holding (ISTR) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Investar Holding's return on assets (ROA)?

Investar Holding (ISTR) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Investar Holding's Piotroski F-Score?

Investar Holding (ISTR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Investar Holding's earnings high quality?

Investar Holding (ISTR) has an earnings quality ratio of 0.79x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.