Investar Holding Stock Price, News & Analysis

Investar Holding Corporation (NASDAQ:ISTR) has successfully completed a $32.5 million private placement of 6.5% Series A Non-Cumulative Perpetual Convertible Preferred Stock. The company plans to utilize the proceeds to support its previously announced acquisition of Wichita Falls Bancshares, Inc., while also allocating funds for general corporate purposes, including organic growth and potential future acquisitions.

The company has committed to registering the resale of common stock issuable upon conversion of the Series A preferred stock with the SEC. Janney Montgomery Scott LLC acted as the lead placement agent, with Hovde Group, LLC serving as co-placement agent for the offering.

Investar Holding Corporation (NASDAQ:ISTR) has announced two significant transactions: a merger agreement with Wichita Falls Bancshares and a $32.5 million capital raise. The merger will see Investar acquire Wichita Falls' First National Bank, which operates seven branches and two mortgage offices in north Texas with $1.5 billion in assets.

Under the merger agreement, Wichita Falls shareholders will receive 3,955,334 shares of Investar common stock and $7.2 million in cash, totaling approximately $83.6 million based on Investar's June 30, 2025 closing price of $19.32. The combined entity will have over $4 billion in assets.

Simultaneously, Investar announced a private placement of 32,500 shares of 6.5% Series A Non-Cumulative Perpetual Convertible Preferred Stock at $1,000 per share. The preferred stock is convertible at a rate of 47.619 shares of Investar common stock per preferred share. The transaction is expected to close in Q4 2025, subject to regulatory and shareholder approvals.

Investar Holding Corporation (NASDAQ: ISTR) has announced a quarterly cash dividend of $0.11 per share, marking a 5% increase from the previous quarter. The dividend will be paid on July 31, 2025, to shareholders of record as of June 30, 2025. This represents the company's 47th quarterly dividend payment, continuing its consistent dividend distribution history which includes 11 consecutive quarterly dividends previously paid by its subsidiary, Investar Bank, National Association.

Investar Holding (NASDAQ:ISTR) reported strong Q1 2025 financial results with net income of $6.3 million, or $0.63 per diluted share, up from $6.1 million in Q4 2024 and $4.7 million in Q1 2024. The bank's net interest margin improved by 22 basis points to 2.87%, while cost of funds decreased to 3.22%.

Notable achievements include a $3.3 million loan recovery from a Hurricane Ida-related insurance settlement and improved credit quality with nonperforming loans at just 0.27% of total loans. Total loans stood at $2.11 billion, showing a slight decrease of 0.9% from Q4 2024. Book value per share increased 4.4% to $25.63, and the bank maintained strong capital levels with a regulatory common equity tier 1 ratio of 11.16%.

During Q1 2025, Investar repurchased 34,992 shares and maintained stable deposits at $2.35 billion. The bank's strategy focuses on balance sheet optimization and maintaining high-quality credit standards amid market volatility.

Investar Holding (Nasdaq: ISTR), the parent company of Investar Bank, National Association, has announced a quarterly cash dividend of $0.105 per share for its common stockholders. The dividend will be paid on April 30, 2025, to shareholders of record as of March 31, 2025.

This marks the company's 46th quarterly dividend payment, building upon a consistent dividend history that includes 11 uninterrupted quarterly cash dividends previously paid by Investar Bank.

Investar Holding (NASDAQ:ISTR) announced its Q4 2024 financial results, reporting net income of $6.1 million ($0.61 per diluted share), up from $5.4 million ($0.54 per share) in Q3 2024 and $3.5 million ($0.36 per share) in Q4 2023.

Key highlights include:

• Return on average assets increased to 0.88% from 0.77% in Q3 2024
• Efficiency ratio improved to 71.00% from 75.61% in Q3 2024
• Total loans decreased by $30.8 million to $2.13 billion
• Total deposits increased by $58.5 million to $2.35 billion
• Credit quality remained solid with nonperforming loans at 0.42% of total loans
• Net interest margin was 2.65%, slightly down from 2.67% in Q3 2024

The company received $5.5 million in BOLI death benefit proceeds and redeemed $20 million in subordinated debt. The bank also repaid $109 million in borrowings under the Bank Term Funding Program, contributing to a decrease in overall cost of funds to 3.49%.

Investar Holding (Nasdaq: ISTR) has announced a quarterly cash dividend of $0.105 per share for its common stock shareholders. The dividend will be paid on January 31, 2025, to shareholders of record as of December 31, 2024. This marks the company's 45th quarterly dividend payment, continuing a tradition that follows 11 consecutive quarterly cash dividends previously paid by Investar Bank, National Association.

Investar Holding (NASDAQ:ISTR) reported a net income of $5.4 million for Q3 2024, translating to $0.54 per diluted share, up from $4.1 million ($0.41 per share) in Q2 2024 and $2.8 million ($0.28 per share) in Q3 2023. Core earnings per share were $0.45, compared to $0.36 in Q2 2024 and $0.33 in Q3 2023.

Key metrics improved: net interest margin rose to 2.67%, book value per share increased to $24.98, and tangible book value per share reached $20.73. Nonperforming loans decreased to $4.1 million (0.19% of total loans). The company also repurchased 2,000 shares at an average price of $18.50 and raised its quarterly dividend by 5%.

Total loans decreased by $10.9 million to $2.16 billion, with a significant portion being variable-rate loans. Deposits grew by $77.2 million to $2.29 billion. Net interest income was $17.9 million, up 3.8% from Q2 2024. Noninterest income increased by $0.8 million to $3.5 million, driven by a $1.1 million legal settlement.

Investar Holding (Nasdaq:ISTR), the parent company of Investar Bank, National Association, has announced a quarterly cash dividend of $0.105 per share for its common stockholders. This dividend represents a 5% increase compared to the previous quarter. The dividend will be payable on October 31, 2024, to shareholders of record as of September 30, 2024. This marks the 44th consecutive quarterly dividend paid by the Company, following 11 uninterrupted quarterly cash dividends paid by the Bank. The announcement demonstrates Investar's commitment to providing consistent returns to its shareholders and signals confidence in the company's financial stability.