Investar Holding Corporation Announces 2026 Third Quarter Results
Higher lending margins and a stronger leverage capital ratio accompanied rising nonperforming loans and a sequential deposit decline.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Investar Holding (ISTR) reported third-quarter 2026 net income available to common shareholders of $11.1 million, up from both comparison quarters. Diluted earnings per common share were $0.74, versus $0.61 in the second quarter and $0.54 a year earlier. Net interest margin rose to 3.73% from 3.67% sequentially; excluding acquired-loan interest accretion and interest recoveries, adjusted margin increased to 3.40% from 3.39%.
Loans reached $3.07 billion, up 0.2% sequentially, while deposits fell 1.0% to $3.18 billion. Nonperforming loans rose to $21.4 million, or 0.70% of loans, from $19.4 million, or 0.63%. The tier 1 leverage capital ratio increased to 10.92% from 10.56%. Investar repurchased 25,113 shares at an average $29.44 each. On October 1, 2026, it purchased variable-rate commercial and industrial revolving credit lines with approximately $65.0 million in unpaid principal and $81.9 million in commitments.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointCommon-shareholder net income reached $11.1 million in Q3 2026, versus $8.9 million sequentially and $5.7 million a year earlier.
- Moderate pointTotal loans reached $3.07 billion at September 30, up 0.2% sequentially and 42.6% year over year.
- Moderate pointApproximately $65.0 million in unpaid principal was added through the October 1 purchase of variable-rate commercial revolving credit lines. 16% of market cap
- Minor pointDiluted EPS rose to $0.74 in Q3 2026, versus $0.61 sequentially and $0.54 a year earlier.
- Minor pointCore diluted EPS, a non-GAAP measure, increased to $0.77, versus $0.75 sequentially and $0.54 a year earlier.
10 minor points
- Minor pointNet interest margin increased six basis points sequentially to 3.73% in Q3 2026.
- Minor pointAdjusted net interest margin, excluding acquired-loan interest accretion and interest recoveries, increased sequentially to 3.40% from 3.39%.
- Minor pointReturn on average assets increased to 1.21% in Q3 2026 from 0.98% in Q2.
- Minor pointCore return on average assets increased to 1.25% in Q3 2026 from 1.21% in Q2.
- Minor pointLoans excluding WFB-acquired loans grew $50.4 million, or 2.3%, sequentially to $2.26 billion at September 30.
- Minor pointBusiness lending reached $1.25 billion at September 30, up 3.1% sequentially and 22.1% year over year.
- Minor pointThirteen commercial bankers hired during 2026 support Investar's plans to grow commercial banking relationships.
- Minor pointTier 1 leverage capital ratio rose to 10.92% at September 30 from 10.56% at June 30.
- Minor point25,113 shares repurchased in Q3 at an average $29.44 each; 275,628 shares remained authorized at September 30.
- Minor pointCredit-loss reversal of $0.1 million in Q3 compared with provisions of $0.3 million sequentially and $0.1 million a year earlier.
Negative
- Moderate pointNonperforming loans rose to $21.4 million at September 30, versus $19.4 million sequentially and $7.7 million a year earlier.
- Minor pointNonperforming loan ratio increased to 0.70% at September 30, versus 0.63% sequentially and 0.36% a year earlier.
- Minor pointCredit-loss allowance coverage fell to 169.0% of nonperforming loans, versus 187.3% sequentially and 344.7% a year earlier.
- Minor pointTotal deposits fell 1.0% sequentially to $3.18 billion at September 30, but remained 34.1% above a year earlier.
- Minor pointConstruction and development loans fell 12.7% sequentially to $228.5 million at September 30, despite 62.6% year-over-year growth.
- Minor pointNonowner-occupied commercial real estate loans fell 3.0% sequentially to $497.1 million at September 30, despite 8.1% year-over-year growth.
Key Figures
- Net income to common shareholders
- $11.1 million
- Q3 2026; versus $8.9 million in Q2 2026 and $5.7 million in Q3 2025
- Diluted EPS
- $0.74 per share
- Q3 2026; versus $0.61 in Q2 2026 and $0.54 in Q3 2025
- Core diluted EPS
- $0.77 per share
- Q3 2026; versus $0.75 in Q2 2026 and $0.54 in Q3 2025
- Net interest margin
- 3.73%
- Q3 2026; up six basis points from Q2 2026
- Nonperforming loans
- $21.4 million; 0.70% of total loans
- September 30, 2026; versus $19.4 million and 0.63% at June 30, 2026
- Purchased revolving lines of credit
- $65.0 million unpaid principal balance
- Purchase completed October 1, 2026
- Total commitments
- $81.9 million
- Commercial and industrial revolving lines purchased October 1, 2026
- Shares repurchased
- 25,113 shares
- Q3 2026; average price of $29.44 per share
Historical Context
-
Reported lower sequential diluted EPS and core EPS despite year-over-year improvement.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
non-gaap financial
net interest margin financial
nonperforming loans financial
allowance for credit losses financial
regulatory tier 1 leverage capital ratio regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
On a non-GAAP basis, core earnings per diluted common share for the third quarter of 2026 were
Investar's President and Chief Executive Officer John D'Angelo commented:
"I am extremely pleased with our third quarter results, which reflect both the significant impact of our transformational acquisition of Wichita Falls Bancshares, Inc. ("WFB") and our continued execution of our strategy of consistent, quality earnings through the optimization of our balance sheet.
Our net interest margin improved substantially to
We continued our strategy of allowing the consumer mortgage loans acquired from WFB to run off and replaced them with production in our business lending portfolio, primarily through the origination of higher yielding commercial and industrial loans. We remain enthusiastic about our positioning for future growth both organically and through potential acquisitions.
Additionally, on October 1, 2026, we purchased commercial and industrial, variable-rate revolving lines of credit totaling
As always, we remain focused on shareholder value and returning capital to shareholders. We repurchased 25,113 shares of our common stock during the third quarter at an average price of
Third Quarter Highlights
- Diluted earnings per common share were
$0.74 $0.61 $0.77 $0.75
- Net interest margin improved six basis points to
3.73% for the quarter ended September 30, 2026 compared to3.67% for the quarter ended June 30, 2026. Exclusive of the interest income accretion from the acquisition of loans and interest recoveries, adjusted net interest margin improved one basis point to3.40% for the quarter ended September 30, 2026 compared to3.39% for the quarter ended June 30, 2026.
- Return on average assets was
1.21% for the quarter ended September 30, 2026 compared to0.98% for the quarter ended June 30, 2026. Core return on average assets was1.25% for the quarter ended September 30, 2026 compared to1.21% for the quarter ended June 30, 2026.
- Total loans increased by
$6.9 million 0.2% , to$3.07 billion $3.06 billion $50.4 million 2.3% , to$2.26 billion $2.21 billion
- The business lending portfolio, which consists of loans secured by owner-occupied commercial real estate properties and commercial and industrial loans, increased by
$37.9 million 3.1% , to$1.25 billion $1.21 billion
- During the third quarter of 2026, we originated and renewed loans,
59% of which were variable-rate loans, at a7.0% blended interest rate.
- Variable-rate loans as a percentage of total loans was
51% at September 30, 2026 compared to50% at June 30, 2026. Included in variable-rate loans are adjustable-rate mortgage loans we acquired in connection with our acquisition of WFB, which generally have fixed interest rates for an initial period depending on the loan term.
- On October 1, 2026, Investar completed the purchase of commercial and industrial revolving lines of credit with an unpaid principal balance of approximately
$65.0 million $81.9 million
- During 2026, Investar hired thirteen commercial bankers, seven in our
Texas markets and six in ourLouisiana markets, to grow our commercial banking relationships, including loans, deposits and treasury management services.
- Investar's regulatory tier 1 leverage capital ratio increased to
10.92% , or3.4% , at September 30, 2026 compared to10.56% at June 30, 2026.
- Investar repurchased 25,113 shares of its common stock through its stock repurchase program during the quarter ended September 30, 2026, leaving 275,628 shares authorized for repurchase under the program at September 30, 2026.
Loans
Total loans were
The following table sets forth the composition of the total loan portfolio as of the dates indicated (dollars in thousands).
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Linked Quarter |
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Year/Year Change |
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Percentage of Total |
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9/30/2026 |
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6/30/2026 |
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9/30/2025 |
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$ |
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% |
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$ |
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% |
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9/30/2026 |
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9/30/2025 |
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Mortgage loans on real |
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Construction and |
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$ |
228,516 |
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$ |
261,799 |
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$ |
140,561 |
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$ |
(33,283) |
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(12.7) |
% |
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$ |
87,955 |
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62.6 |
% |
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7.5 |
% |
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6.5 |
% |
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1-4 Family |
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924,357 |
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907,385 |
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382,445 |
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16,972 |
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1.9 |
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541,912 |
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141.7 |
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30.1 |
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17.8 |
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Multifamily |
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143,421 |
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144,234 |
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130,232 |
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(813) |
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(0.6) |
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13,189 |
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10.1 |
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4.7 |
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6.1 |
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Farmland |
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11,956 |
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9,850 |
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3,996 |
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2,106 |
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21.4 |
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7,960 |
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199.2 |
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0.4 |
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0.2 |
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Commercial real estate |
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Owner-occupied |
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515,704 |
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508,245 |
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462,830 |
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7,459 |
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1.5 |
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52,874 |
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11.4 |
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16.8 |
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21.5 |
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Nonowner-occupied |
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497,121 |
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512,483 |
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459,711 |
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(15,362) |
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(3.0) |
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37,410 |
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8.1 |
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16.2 |
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21.4 |
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Commercial and industrial |
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733,741 |
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703,279 |
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560,763 |
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30,462 |
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4.3 |
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172,978 |
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30.8 |
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23.9 |
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26.1 |
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Consumer |
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11,992 |
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12,612 |
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9,985 |
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(620) |
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(4.9) |
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2,007 |
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20.1 |
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0.4 |
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0.4 |
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Total loans |
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$ |
3,066,808 |
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$ |
3,059,887 |
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$ |
2,150,523 |
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$ |
6,921 |
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0.2 |
% |
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$ |
916,285 |
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42.6 |
% |
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100 |
% |
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100 |
% |
Construction and development loans totaled
1-4 Family loans totaled
At September 30, 2026, the Bank's total business lending portfolio, which consists of loans secured by owner-occupied commercial real estate properties and commercial and industrial loans, was
Nonowner-occupied loans totaled
Credit Quality
Nonperforming loans were
The allowance for credit losses was
Investar recorded a reversal of credit losses of
Deposits
Total deposits at September 30, 2026 were
The following table sets forth the composition of deposits as of the dates indicated (dollars in thousands).
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Linked Quarter |
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Year/Year Change |
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Percentage of Total |
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9/30/2026 |
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6/30/2026 |
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9/30/2025 |
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$ |
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% |
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$ |
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% |
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9/30/2026 |
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9/30/2025 |
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Noninterest-bearing |
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$ |
639,188 |
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$ |
621,870 |
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$ |
446,361 |
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$ |
17,318 |
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2.8 |
% |
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$ |
192,827 |
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43.2 |
% |
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20.1 |
% |
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18.8 |
% |
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Interest-bearing demand |
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987,710 |
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989,520 |
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633,766 |
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(1,810) |
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(0.2) |
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353,944 |
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55.8 |
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31.1 |
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26.7 |
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Money market deposits |
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346,569 |
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362,317 |
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237,339 |
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(15,748) |
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(4.3) |
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109,230 |
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46.0 |
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10.9 |
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10.0 |
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Brokered demand deposits |
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257 |
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— |
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— |
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257 |
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— |
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257 |
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— |
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— |
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— |
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Savings deposits |
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159,995 |
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165,192 |
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137,514 |
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(5,197) |
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(3.1) |
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22,481 |
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16.3 |
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5.0 |
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5.8 |
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Brokered time deposits |
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63,981 |
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62,900 |
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210,822 |
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1,081 |
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1.7 |
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(146,841) |
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(69.7) |
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2.0 |
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8.9 |
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Time deposits |
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983,071 |
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1,012,087 |
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706,876 |
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(29,016) |
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(2.9) |
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276,195 |
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39.1 |
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30.9 |
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29.8 |
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Total deposits |
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$ |
3,180,771 |
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$ |
3,213,886 |
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$ |
2,372,678 |
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$ |
(33,115) |
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(1.0) |
% |
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$ |
808,093 |
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34.1 |
% |
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|
100 |
% |
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|
100 |
% |
The increase in noninterest-bearing demand deposits at September 30, 2026 compared to June 30, 2026 was primarily the result of organic growth. The decrease in time deposits at September 30, 2026 compared to June 30, 2026 was primarily due to maturities of higher cost time deposits. Brokered time deposits were
We experienced growth in each deposit category, excluding brokered time deposits, compared to September 30, 2025 primarily as a result of the acquisition of WFB.
Stockholders' Equity
Stockholders' equity was
Net Interest Income
Net interest income for the third quarter of 2026 totaled
Investar's net interest margin was
The yield on interest-earning assets was
Exclusive of the interest income accretion from the acquisition of loans and interest recoveries, adjusted net interest margin was
The overall cost of deposits, which includes noninterest-bearing deposits, increased one basis point to
The cost of short-term borrowings increased 17 basis points to
The overall cost of funds, which includes the noninterest-bearing deposits, for the quarter ended September 30, 2026 was flat at
Noninterest Income
Noninterest income for the third quarter of 2026 totaled
The decrease in noninterest income compared to the quarter ended June 30, 2026 was primarily driven by a
The increase in noninterest income compared to the quarter ended September 30, 2025 was primarily attributable to a
Noninterest Expense
Noninterest expense for the third quarter of 2026 totaled
The decrease in noninterest expense for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 was primarily driven by a
The increase in noninterest expense for the quarter ended September 30, 2026 compared to the quarter ended September 30, 2025 was primarily driven by a
Taxes
Investar recorded income tax expense of
Basic and Diluted Earnings Per Common Share
Investar reported basic and diluted earnings per common share of
About Investar Holding Corporation
Investar, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank, National Association. The Bank currently operates 36 branch locations serving Louisiana, Texas, and Alabama. At September 30, 2026, the Bank had 415 full-time equivalent employees and total assets of
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles in the United States of America, or GAAP. These measures and ratios include "tangible common equity," "tangible assets," "tangible common equity to tangible assets," "tangible book value per common share," "core noninterest income," "core earnings before noninterest expense," "core noninterest expense," "core earnings before income tax expense," "core income tax expense," "core earnings," "core earnings available to common shareholders," "core efficiency ratio," "core return on average assets," "core return on average common equity," "core basic earnings per common share" and "core diluted earnings per common share." We also present certain average loan, yield, net interest income and net interest margin data adjusted to show the effects of excluding interest recoveries and interest income accretion from the acquisition of loans. Management believes these non-GAAP financial measures provide information useful to investors in understanding Investar's financial results, and Investar believes that its presentation, together with the accompanying reconciliations, provides a more complete understanding of factors and trends affecting Investar's business and allows investors to view performance in a manner similar to management, the entire financial services sector, bank stock analysts and bank regulators. These non-GAAP measures should not be considered a substitute for GAAP basis measures and results, and Investar strongly encourages investors to review its consolidated financial statements in their entirety and not to rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. A reconciliation of the non-GAAP financial measures disclosed in this press release to the comparable GAAP financial measures is included at the end of the financial statement tables.
Forward-Looking and Cautionary Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect Investar's current views with respect to, among other things, future events and financial performance, including the potential impacts of its strategies and the WFB transaction. Investar generally identifies forward-looking statements by terminology such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "could," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of those words or other comparable words.
Any forward-looking statements contained in this press release are based on the historical performance of Investar and its subsidiaries or on Investar's current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by Investar that the future plans, estimates or expectations by Investar will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to Investar's operations, financial results, financial condition, business prospects, growth strategy and liquidity. If one or more of these or other risks or uncertainties materialize, or if Investar's underlying assumptions prove to be incorrect, Investar's actual results may vary materially from those indicated in these statements. Investar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. These factors include, but are not limited to, the following, any one or more of which could materially affect the outcome of future events:
- the significant risks and uncertainties for our business, results of operations and financial condition, as well as our regulatory capital and liquidity ratios and other regulatory requirements caused by business and economic conditions generally and in the financial services industry in particular, whether nationally, regionally or in the markets in which we operate, including heightened uncertainties resulting from recent changing trade and tariff policies that could have an adverse impact on inflation and economic growth at least in the near term;
- changes in inflation, interest rates, yield curves and interest rate spread relationships that affect our loan and deposit pricing;
- our ability to successfully execute our strategy focused on consistent, quality earnings through the optimization of our balance sheet, and our ability to successfully execute a long-term growth strategy;
- our ability to achieve organic loan and deposit growth, and the composition of that growth;
- our ability to identify and enter into agreements to combine with attractive acquisition candidates, finance acquisitions, complete acquisitions after definitive agreements are entered into, and successfully integrate and grow acquired operations;
- our potential growth, including our entrance or expansion into new markets, and the need for sufficient capital to support that growth;
- a reduction in liquidity, including as a result of a reduction in the amount of deposits we hold or other sources of liquidity;
- inaccuracy of the assumptions and estimates we make in establishing reserves for credit losses and other estimates;
- changes in the quality or composition of our loan portfolio, including adverse developments in borrower industries or in the repayment ability of individual borrowers;
- changes in the quality and composition of, and changes in unrealized losses in, our investment portfolio, including whether we may have to sell securities before their recovery of amortized cost basis and realize losses;
- the extent of continuing client demand for the high level of personalized service that is a key element of our banking approach as well as our ability to execute our strategy generally;
- our dependence on our management team, and our ability to attract and retain qualified personnel;
- the concentration of our business within our geographic areas of operation in Louisiana, Texas and Alabama;
- risks to holders of our common stock relating to our Series A Preferred Stock, including, but not limited to, dividend preferences to holders of the preferred stock, other conditions with respect to the payment of dividends on our common stock, potential dilution upon conversion of the preferred stock, and liquidation preferences to holders of the preferred stock;
- increasing costs of complying with new and potential future regulations;
- new or increasing geopolitical tensions, including resulting from conflicts and wars in the Middle East, Ukraine and Israel and surrounding areas or new areas;
- the emergence or worsening of widespread public health challenges or pandemics;
- concentration of credit exposure;
- any deterioration in asset quality and higher loan charge-offs, and the time and effort necessary to resolve problem assets;
- fluctuations in the price of oil and natural gas;
- data processing system failures and errors;
- risks associated with our digital transformation process, including increased risks of cyberattacks and other security breaches and challenges associated with addressing the increased prevalence of artificial intelligence;
- risks of losses resulting from increased fraud attacks against us, our customers, and others in the financial services industry;
- potential impairment of our goodwill and other intangible assets;
- the impact of litigation and other legal proceedings to which we become subject;
- competitive pressures in the commercial finance, retail banking, mortgage lending and consumer finance industries, as well as the financial resources of, and products offered by, competitors;
- the impact of changes in laws and regulations applicable to us, including banking, securities and tax laws and regulations and accounting standards, as well as changes in the interpretation of such laws and regulations by our regulators;
- changes in the scope and costs of FDIC insurance and other coverages;
- governmental monetary and fiscal policies; and
- hurricanes, tropical storms, tropical depressions, floods, winter storms, droughts and other adverse weather events, all of which have affected Investar's market areas from time to time; other natural disasters; oil spills and other man-made disasters; acts of terrorism; other international or domestic calamities; acts of God; and other matters beyond our control.
These factors should not be construed as exhaustive. Additional information on these and other risk factors can be found in Part I Item 1A. "Risk Factors" and in the "Cautionary Note Regarding Forward-Looking Statements" in Investar's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission.
For further information contact:
Investar Holding Corporation
Corey Moore
Executive Vice President and Deputy Chief Financial Officer
(225) 227-2348
Corey.Moore@investarbank.com
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INVESTAR HOLDING CORPORATION |
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As of and for the three months ended |
|
|||||||||||||||||
|
|
|
9/30/2026 |
|
|
6/30/2026 |
|
|
9/30/2025 |
|
|
Linked Quarter |
|
|
Year/Year |
|
|||||
|
EARNINGS DATA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest income |
|
$ |
53,322 |
|
|
$ |
53,199 |
|
|
$ |
37,095 |
|
|
|
0.2 |
% |
|
|
43.7 |
% |
|
Total interest expense |
|
|
19,557 |
|
|
|
19,750 |
|
|
|
15,942 |
|
|
|
(1.0) |
|
|
|
22.7 |
|
|
Net interest income |
|
|
33,765 |
|
|
|
33,449 |
|
|
|
21,153 |
|
|
|
0.9 |
|
|
|
59.6 |
|
|
(Reversal of) provision for credit losses |
|
|
(136) |
|
|
|
275 |
|
|
|
139 |
|
|
|
(149.5) |
|
|
|
(197.8) |
|
|
Total noninterest income |
|
|
3,046 |
|
|
|
3,098 |
|
|
|
2,984 |
|
|
|
(1.7) |
|
|
|
2.1 |
|
|
Total noninterest expense |
|
|
22,737 |
|
|
|
24,664 |
|
|
|
16,526 |
|
|
|
(7.8) |
|
|
|
37.6 |
|
|
Income before income tax expense |
|
|
14,210 |
|
|
|
11,608 |
|
|
|
7,472 |
|
|
|
22.4 |
|
|
|
90.2 |
|
|
Income tax expense |
|
|
2,555 |
|
|
|
2,136 |
|
|
|
1,293 |
|
|
|
19.6 |
|
|
|
97.6 |
|
|
Net income |
|
|
11,655 |
|
|
|
9,472 |
|
|
|
6,179 |
|
|
|
23.0 |
|
|
|
88.6 |
|
|
Preferred stock dividends declared |
|
|
528 |
|
|
|
528 |
|
|
|
528 |
|
|
|
— |
|
|
|
— |
|
|
Net income available to common shareholders |
|
$ |
11,127 |
|
|
$ |
8,944 |
|
|
$ |
5,651 |
|
|
|
24.4 |
|
|
|
96.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE BALANCE SHEET DATA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
3,814,172 |
|
|
$ |
3,879,711 |
|
|
$ |
2,797,338 |
|
|
|
(1.7) |
% |
|
|
36.4 |
% |
|
Total interest-earning assets |
|
|
3,594,769 |
|
|
|
3,656,956 |
|
|
|
2,659,306 |
|
|
|
(1.7) |
|
|
|
35.2 |
|
|
Total loans |
|
|
3,038,414 |
|
|
|
3,049,671 |
|
|
|
2,141,280 |
|
|
|
(0.4) |
|
|
|
41.9 |
|
|
Total interest-bearing deposits |
|
|
2,553,344 |
|
|
|
2,578,750 |
|
|
|
1,919,377 |
|
|
|
(1.0) |
|
|
|
33.0 |
|
|
Total interest-bearing liabilities |
|
|
2,738,519 |
|
|
|
2,804,480 |
|
|
|
2,033,350 |
|
|
|
(2.4) |
|
|
|
34.7 |
|
|
Total deposits |
|
|
3,177,283 |
|
|
|
3,206,333 |
|
|
|
2,370,406 |
|
|
|
(0.9) |
|
|
|
34.0 |
|
|
Total common stockholders' equity |
|
|
395,454 |
|
|
|
390,181 |
|
|
|
260,799 |
|
|
|
1.4 |
|
|
|
51.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PER COMMON SHARE DATA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common share |
|
$ |
0.81 |
|
|
$ |
0.64 |
|
|
$ |
0.57 |
|
|
|
26.6 |
% |
|
|
42.1 |
% |
|
Diluted earnings per common share |
|
|
0.74 |
|
|
|
0.61 |
|
|
|
0.54 |
|
|
|
21.3 |
|
|
|
37.0 |
|
|
Core earnings:(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Core basic earnings per common share(1) |
|
|
0.84 |
|
|
|
0.81 |
|
|
|
0.58 |
|
|
|
3.7 |
|
|
|
44.8 |
|
|
Core diluted earnings per common share(1) |
|
|
0.77 |
|
|
|
0.75 |
|
|
|
0.54 |
|
|
|
2.7 |
|
|
|
42.6 |
|
|
Book value per common share |
|
|
27.89 |
|
|
|
28.29 |
|
|
|
26.96 |
|
|
|
(1.4) |
|
|
|
3.4 |
|
|
Tangible book value per common share(1) |
|
|
22.55 |
|
|
|
23.09 |
|
|
|
22.76 |
|
|
|
(2.3) |
|
|
|
(0.9) |
|
|
Common shares outstanding |
|
|
13,753,007 |
|
|
|
13,777,385 |
|
|
|
9,825,883 |
|
|
|
(0.2) |
|
|
|
40.0 |
|
|
Weighted average common shares outstanding - |
|
|
13,770,693 |
|
|
|
13,788,871 |
|
|
|
9,830,387 |
|
|
|
(0.1) |
|
|
|
40.1 |
|
|
Weighted average common shares outstanding - |
|
|
15,722,487 |
|
|
|
15,540,312 |
|
|
|
11,527,876 |
|
|
|
1.2 |
|
|
|
36.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PERFORMANCE RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average assets |
|
|
1.21 |
% |
|
|
0.98 |
% |
|
|
0.88 |
% |
|
|
23.5 |
% |
|
|
37.5 |
% |
|
Core return on average assets(1) |
|
|
1.25 |
|
|
|
1.21 |
|
|
|
0.89 |
|
|
|
3.3 |
|
|
|
40.4 |
|
|
Return on average common equity |
|
|
11.16 |
|
|
|
9.19 |
|
|
|
8.60 |
|
|
|
21.4 |
|
|
|
29.8 |
|
|
Core return on average common equity(1) |
|
|
11.56 |
|
|
|
11.44 |
|
|
|
8.73 |
|
|
|
1.0 |
|
|
|
32.4 |
|
|
Net interest margin |
|
|
3.73 |
|
|
|
3.67 |
|
|
|
3.16 |
|
|
|
1.6 |
|
|
|
18.0 |
|
|
Net interest income to average assets |
|
|
3.51 |
|
|
|
3.46 |
|
|
|
3.00 |
|
|
|
1.4 |
|
|
|
17.0 |
|
|
Noninterest expense to average assets |
|
|
2.37 |
|
|
|
2.55 |
|
|
|
2.34 |
|
|
|
(7.1) |
|
|
|
1.3 |
|
|
Efficiency ratio(2) |
|
|
61.77 |
|
|
|
67.49 |
|
|
|
68.47 |
|
|
|
(8.5) |
|
|
|
(9.8) |
|
|
Core efficiency ratio(1) |
|
|
60.64 |
|
|
|
60.07 |
|
|
|
67.66 |
|
|
|
1.0 |
|
|
|
(10.4) |
|
|
Dividend payout ratio |
|
|
14.81 |
|
|
|
18.75 |
|
|
|
19.30 |
|
|
|
(21.0) |
|
|
|
(23.3) |
|
|
Net charge-offs (recoveries) to average loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
(1) Non-GAAP financial measure. See reconciliation. |
|
(2) Efficiency ratio represents noninterest expense divided by the sum of net interest income (before provision for credit losses) and noninterest |
|
INVESTAR HOLDING CORPORATION |
||||||||||||||||||||
|
|
||||||||||||||||||||
|
|
|
As of and for the three months ended |
||||||||||||||||||
|
|
|
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
Linked Quarter |
|
Year/Year |
||||||||||
|
ASSET QUALITY RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonperforming assets to total assets |
|
|
0.66 |
% |
|
|
0.62 |
% |
|
|
0.44 |
% |
|
|
6.5 |
% |
|
|
50.0 |
% |
|
Nonperforming loans to total loans |
|
|
0.70 |
|
|
|
0.63 |
|
|
|
0.36 |
|
|
|
11.1 |
|
|
|
94.4 |
|
|
Allowance for credit losses to total loans |
|
|
1.18 |
|
|
|
1.18 |
|
|
|
1.23 |
|
|
|
— |
|
|
|
(4.1) |
|
|
Allowance for credit losses to nonperforming loans |
|
|
169.04 |
|
|
|
187.33 |
|
|
|
344.66 |
|
|
|
(9.8) |
|
|
|
(51.0) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investar Holding Corporation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total common equity to total assets |
|
|
9.92 |
% |
|
|
10.09 |
% |
|
|
9.46 |
% |
|
|
(1.7) |
% |
|
|
4.9 |
% |
|
Tangible common equity to tangible assets(1) |
|
|
8.18 |
|
|
|
8.39 |
|
|
|
8.10 |
|
|
|
(2.6) |
|
|
|
0.9 |
|
|
Tier 1 leverage capital |
|
|
10.92 |
|
|
|
10.56 |
|
|
|
10.70 |
|
|
|
3.4 |
|
|
|
2.1 |
|
|
Common equity tier 1 capital(2) |
|
|
11.79 |
|
|
|
11.68 |
|
|
|
11.12 |
|
|
|
0.9 |
|
|
|
6.0 |
|
|
Tier 1 capital(2) |
|
|
13.36 |
|
|
|
13.27 |
|
|
|
12.82 |
|
|
|
0.7 |
|
|
|
4.2 |
|
|
Total capital(2) |
|
|
15.05 |
|
|
|
14.99 |
|
|
|
14.65 |
|
|
|
0.4 |
|
|
|
2.7 |
|
|
Investar Bank: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 1 leverage capital |
|
|
11.08 |
|
|
|
10.75 |
|
|
|
10.88 |
|
|
|
3.1 |
|
|
|
1.8 |
|
|
Common equity tier 1 capital(2) |
|
|
13.56 |
|
|
|
13.51 |
|
|
|
13.05 |
|
|
|
0.4 |
|
|
|
3.9 |
|
|
Tier 1 capital(2) |
|
|
13.56 |
|
|
|
13.51 |
|
|
|
13.05 |
|
|
|
0.4 |
|
|
|
3.9 |
|
|
Total capital(2) |
|
|
14.71 |
|
|
|
14.68 |
|
|
|
14.17 |
|
|
|
0.2 |
|
|
|
3.8 |
|
|
|
|
(1) Non-GAAP financial measure. See reconciliation. |
|
(2) Estimated for September 30, 2026. |
|
INVESTAR HOLDING CORPORATION |
|||||||||||
|
|
|||||||||||
|
|
|
September 30, 2026 |
|
June 30, 2026 |
|
September 30, 2025 |
|||||
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks |
|
$ |
31,763 |
|
|
$ |
31,758 |
|
|
$ |
32,564 |
|
Interest-bearing balances due from other banks |
|
|
25,364 |
|
|
|
40,545 |
|
|
|
2,809 |
|
Cash and cash equivalents |
|
|
57,127 |
|
|
|
72,303 |
|
|
|
35,373 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available for sale securities at fair value (amortized cost of |
|
|
412,643 |
|
|
|
411,326 |
|
|
|
370,251 |
|
Held to maturity securities at amortized cost (fair value of |
|
|
47,039 |
|
|
|
47,217 |
|
|
|
47,834 |
|
Loans |
|
|
3,066,808 |
|
|
|
3,059,887 |
|
|
|
2,150,523 |
|
Less: allowance for credit losses |
|
|
(36,110) |
|
|
|
(36,251) |
|
|
|
(26,470) |
|
Loans, net |
|
|
3,030,698 |
|
|
|
3,023,636 |
|
|
|
2,124,053 |
|
Equity securities at fair value |
|
|
4,359 |
|
|
|
4,111 |
|
|
|
3,270 |
|
Nonmarketable equity securities |
|
|
23,622 |
|
|
|
23,759 |
|
|
|
15,255 |
|
Bank premises and equipment, net of accumulated depreciation of |
|
|
57,383 |
|
|
|
59,907 |
|
|
|
39,732 |
|
Other real estate owned, net |
|
|
4,034 |
|
|
|
4,747 |
|
|
|
4,633 |
|
Accrued interest receivable |
|
|
19,339 |
|
|
|
18,887 |
|
|
|
14,858 |
|
Deferred tax asset |
|
|
19,552 |
|
|
|
15,183 |
|
|
|
14,362 |
|
Goodwill and other intangible assets, net |
|
|
73,468 |
|
|
|
71,704 |
|
|
|
41,303 |
|
Bank owned life insurance |
|
|
91,989 |
|
|
|
84,299 |
|
|
|
68,612 |
|
Other assets |
|
|
25,566 |
|
|
|
24,594 |
|
|
|
21,092 |
|
Total assets |
|
$ |
3,866,819 |
|
|
$ |
3,861,673 |
|
|
$ |
2,800,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing |
|
$ |
639,188 |
|
|
$ |
621,870 |
|
|
$ |
446,361 |
|
Interest-bearing |
|
|
2,541,583 |
|
|
|
2,592,016 |
|
|
|
1,926,317 |
|
Total deposits |
|
|
3,180,771 |
|
|
|
3,213,886 |
|
|
|
2,372,678 |
|
Advances from Federal Home Loan Bank |
|
|
184,500 |
|
|
|
136,000 |
|
|
|
60,000 |
|
Repurchase agreements |
|
|
10,444 |
|
|
|
18,575 |
|
|
|
15,066 |
|
Subordinated debt, net of unamortized issuance costs |
|
|
16,769 |
|
|
|
16,759 |
|
|
|
16,728 |
|
Junior subordinated debt |
|
|
22,968 |
|
|
|
22,994 |
|
|
|
8,806 |
|
Accrued taxes and other liabilities |
|
|
37,397 |
|
|
|
33,327 |
|
|
|
32,055 |
|
Total liabilities |
|
|
3,452,849 |
|
|
|
3,441,541 |
|
|
|
2,505,333 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, no par value per share; 5,000,000 shares authorized; |
|
|
30,353 |
|
|
|
30,353 |
|
|
|
30,353 |
|
Common stock, |
|
|
13,753 |
|
|
|
13,777 |
|
|
|
9,826 |
|
Surplus |
|
|
245,819 |
|
|
|
246,033 |
|
|
|
146,304 |
|
Retained earnings |
|
|
177,259 |
|
|
|
167,784 |
|
|
|
146,178 |
|
Accumulated other comprehensive loss |
|
|
(53,214) |
|
|
|
(37,815) |
|
|
|
(37,366) |
|
Total stockholders' equity |
|
|
413,970 |
|
|
|
420,132 |
|
|
|
295,295 |
|
Total liabilities and stockholders' equity |
|
$ |
3,866,819 |
|
|
$ |
3,861,673 |
|
|
$ |
2,800,628 |
|
INVESTAR HOLDING CORPORATION |
|||||||||||
|
|
|
|
|||||||||
|
|
|
For the three months ended |
|||||||||
|
|
|
September 30, 2026 |
|
|
June 30, 2026 |
|
|
September 30, 2025 |
|||
|
INTEREST INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
Interest and fees on loans |
|
$ |
48,257 |
|
|
$ |
47,715 |
|
|
$ |
32,563 |
|
Interest on investment securities |
|
|
|
|
|
|
|
|
|
|
|
|
Taxable |
|
|
3,824 |
|
|
|
3,790 |
|
|
|
3,096 |
|
Tax-exempt |
|
|
740 |
|
|
|
743 |
|
|
|
689 |
|
Other interest income |
|
|
501 |
|
|
|
951 |
|
|
|
747 |
|
Total interest income |
|
|
53,322 |
|
|
|
53,199 |
|
|
|
37,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
|
|
|
Interest on deposits |
|
|
17,598 |
|
|
|
17,496 |
|
|
|
14,726 |
|
Interest on borrowings |
|
|
1,959 |
|
|
|
2,254 |
|
|
|
1,216 |
|
Total interest expense |
|
|
19,557 |
|
|
|
19,750 |
|
|
|
15,942 |
|
Net interest income |
|
|
33,765 |
|
|
|
33,449 |
|
|
|
21,153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Reversal of) provision for credit losses |
|
|
(136) |
|
|
|
275 |
|
|
|
139 |
|
Net interest income after (reversal of) provision for credit losses |
|
|
33,901 |
|
|
|
33,174 |
|
|
|
21,014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NONINTEREST INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
Service charges on deposit accounts |
|
|
1,054 |
|
|
|
933 |
|
|
|
832 |
|
Gain on call or sale of investment securities, net |
|
|
— |
|
|
|
12 |
|
|
|
2 |
|
Loss on sale or disposition of fixed assets, net |
|
|
— |
|
|
|
— |
|
|
|
(5) |
|
(Loss) gain on sale of other real estate owned, net |
|
|
(122) |
|
|
|
4 |
|
|
|
94 |
|
Interchange fees |
|
|
598 |
|
|
|
524 |
|
|
|
394 |
|
Income from bank owned life insurance |
|
|
902 |
|
|
|
696 |
|
|
|
485 |
|
Change in the fair value of equity securities |
|
|
98 |
|
|
|
177 |
|
|
|
200 |
|
Other operating income |
|
|
516 |
|
|
|
752 |
|
|
|
982 |
|
Total noninterest income |
|
|
3,046 |
|
|
|
3,098 |
|
|
|
2,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NONINTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
1,307 |
|
|
|
1,333 |
|
|
|
683 |
|
Salaries and employee benefits |
|
|
13,752 |
|
|
|
13,430 |
|
|
|
10,302 |
|
Occupancy |
|
|
923 |
|
|
|
955 |
|
|
|
679 |
|
Data processing |
|
|
1,030 |
|
|
|
1,223 |
|
|
|
831 |
|
Marketing |
|
|
132 |
|
|
|
130 |
|
|
|
101 |
|
Professional fees |
|
|
1,094 |
|
|
|
924 |
|
|
|
496 |
|
Acquisition expenses |
|
|
258 |
|
|
|
2,582 |
|
|
|
246 |
|
Other operating expenses |
|
|
4,241 |
|
|
|
4,087 |
|
|
|
3,188 |
|
Total noninterest expense |
|
|
22,737 |
|
|
|
24,664 |
|
|
|
16,526 |
|
Income before income tax expense |
|
|
14,210 |
|
|
|
11,608 |
|
|
|
7,472 |
|
Income tax expense |
|
|
2,555 |
|
|
|
2,136 |
|
|
|
1,293 |
|
Net income |
|
|
11,655 |
|
|
|
9,472 |
|
|
|
6,179 |
|
Preferred stock dividends declared |
|
|
528 |
|
|
|
528 |
|
|
|
528 |
|
Net income available to common shareholders |
|
$ |
11,127 |
|
|
$ |
8,944 |
|
|
$ |
5,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER COMMON SHARE |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common share |
|
$ |
0.81 |
|
|
$ |
0.64 |
|
|
$ |
0.57 |
|
Diluted earnings per common share |
|
|
0.74 |
|
|
|
0.61 |
|
|
|
0.54 |
|
Cash dividends declared per common share |
|
|
0.12 |
|
|
|
0.12 |
|
|
|
0.11 |
|
INVESTAR HOLDING CORPORATION |
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
|
|
For the three months ended |
||||||||||||||||||||||||||||||||||
|
|
|
September 30, 2026 |
|
June 30, 2026 |
|
September 30, 2025 |
||||||||||||||||||||||||||||||
|
|
|
Average |
|
Interest |
|
Yield/ Rate |
|
Average |
|
Interest |
|
Yield/ Rate |
|
Average |
|
Interest |
|
Yield/ Rate |
||||||||||||||||||
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans |
|
$ |
3,038,414 |
|
|
$ |
48,257 |
|
|
|
6.30 |
% |
|
$ |
3,049,671 |
|
|
$ |
47,715 |
|
|
|
6.28 |
% |
|
$ |
2,141,280 |
|
|
$ |
32,563 |
|
|
|
6.03 |
% |
|
Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable |
|
|
459,120 |
|
|
|
3,824 |
|
|
|
3.30 |
|
|
|
460,171 |
|
|
|
3,790 |
|
|
|
3.30 |
|
|
|
406,153 |
|
|
|
3,096 |
|
|
|
3.02 |
|
|
Tax-exempt |
|
|
55,937 |
|
|
|
740 |
|
|
|
5.25 |
|
|
|
56,218 |
|
|
|
743 |
|
|
|
5.30 |
|
|
|
51,442 |
|
|
|
689 |
|
|
|
5.31 |
|
|
Interest-bearing balances with banks |
|
|
41,298 |
|
|
|
501 |
|
|
|
4.81 |
|
|
|
90,896 |
|
|
|
951 |
|
|
|
4.20 |
|
|
|
60,431 |
|
|
|
747 |
|
|
|
4.90 |
|
|
Total interest-earning assets |
|
|
3,594,769 |
|
|
|
53,322 |
|
|
|
5.88 |
|
|
|
3,656,956 |
|
|
|
53,199 |
|
|
|
5.83 |
|
|
|
2,659,306 |
|
|
|
37,095 |
|
|
|
5.53 |
|
|
Cash and due from banks |
|
|
29,980 |
|
|
|
|
|
|
|
|
|
|
|
31,886 |
|
|
|
|
|
|
|
|
|
|
|
27,102 |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
71,544 |
|
|
|
|
|
|
|
|
|
|
|
71,812 |
|
|
|
|
|
|
|
|
|
|
|
41,370 |
|
|
|
|
|
|
|
|
|
|
Other assets |
|
|
153,987 |
|
|
|
|
|
|
|
|
|
|
|
154,580 |
|
|
|
|
|
|
|
|
|
|
|
96,704 |
|
|
|
|
|
|
|
|
|
|
Allowance for credit losses |
|
|
(36,108) |
|
|
|
|
|
|
|
|
|
|
|
(35,523) |
|
|
|
|
|
|
|
|
|
|
|
(27,144) |
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
3,814,172 |
|
|
|
|
|
|
|
|
|
|
$ |
3,879,711 |
|
|
|
|
|
|
|
|
|
|
$ |
2,797,338 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing demand deposits |
|
$ |
1,343,655 |
|
|
$ |
7,958 |
|
|
|
2.35 |
% |
|
$ |
1,320,779 |
|
|
$ |
7,707 |
|
|
|
2.34 |
% |
|
$ |
836,137 |
|
|
$ |
4,802 |
|
|
|
2.28 |
% |
|
Brokered demand deposits |
|
|
3,818 |
|
|
|
36 |
|
|
|
3.80 |
|
|
|
88 |
|
|
|
1 |
|
|
|
3.82 |
|
|
|
109 |
|
|
|
1 |
|
|
|
4.59 |
|
|
Savings deposits |
|
|
162,689 |
|
|
|
395 |
|
|
|
0.96 |
|
|
|
165,410 |
|
|
|
376 |
|
|
|
0.91 |
|
|
|
136,314 |
|
|
|
380 |
|
|
|
1.11 |
|
|
Brokered time deposits |
|
|
47,244 |
|
|
|
457 |
|
|
|
3.84 |
|
|
|
73,462 |
|
|
|
706 |
|
|
|
3.86 |
|
|
|
242,224 |
|
|
|
2,842 |
|
|
|
4.66 |
|
|
Time deposits |
|
|
995,938 |
|
|
|
8,752 |
|
|
|
3.49 |
|
|
|
1,019,011 |
|
|
|
8,706 |
|
|
|
3.43 |
|
|
|
704,593 |
|
|
|
6,701 |
|
|
|
3.77 |
|
|
Total interest-bearing |
|
|
2,553,344 |
|
|
|
17,598 |
|
|
|
2.73 |
|
|
|
2,578,750 |
|
|
|
17,496 |
|
|
|
2.72 |
|
|
|
1,919,377 |
|
|
|
14,726 |
|
|
|
3.04 |
|
|
Short-term borrowings |
|
|
45,419 |
|
|
|
341 |
|
|
|
2.98 |
|
|
|
72,103 |
|
|
|
504 |
|
|
|
2.81 |
|
|
|
28,452 |
|
|
|
210 |
|
|
|
2.93 |
|
|
Long-term debt |
|
|
139,756 |
|
|
|
1,618 |
|
|
|
4.59 |
|
|
|
153,627 |
|
|
|
1,750 |
|
|
|
4.57 |
|
|
|
85,521 |
|
|
|
1,006 |
|
|
|
4.66 |
|
|
Total interest-bearing |
|
|
2,738,519 |
|
|
|
19,557 |
|
|
|
2.83 |
|
|
|
2,804,480 |
|
|
|
19,750 |
|
|
|
2.82 |
|
|
|
2,033,350 |
|
|
|
15,942 |
|
|
|
3.11 |
|
|
Noninterest-bearing deposits |
|
|
623,939 |
|
|
|
|
|
|
|
|
|
|
|
627,583 |
|
|
|
|
|
|
|
|
|
|
|
451,029 |
|
|
|
|
|
|
|
|
|
|
Other liabilities |
|
|
25,907 |
|
|
|
|
|
|
|
|
|
|
|
27,114 |
|
|
|
|
|
|
|
|
|
|
|
21,786 |
|
|
|
|
|
|
|
|
|
|
Stockholders' equity |
|
|
425,807 |
|
|
|
|
|
|
|
|
|
|
|
420,534 |
|
|
|
|
|
|
|
|
|
|
|
291,173 |
|
|
|
|
|
|
|
|
|
|
Total liabilities and |
|
$ |
3,814,172 |
|
|
|
|
|
|
|
|
|
|
$ |
3,879,711 |
|
|
|
|
|
|
|
|
|
|
$ |
2,797,338 |
|
|
|
|
|
|
|
|
|
|
Net interest |
|
|
|
|
|
$ |
33,765 |
|
|
|
3.73 |
% |
|
|
|
|
|
$ |
33,449 |
|
|
|
3.67 |
% |
|
|
|
|
|
$ |
21,153 |
|
|
|
3.16 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall cost of |
|
|
|
|
|
|
|
|
|
|
2.20 |
% |
|
|
|
|
|
|
|
|
|
|
2.19 |
% |
|
|
|
|
|
|
|
|
|
|
2.46 |
% |
|
Overall cost of |
|
|
|
|
|
|
|
|
|
|
2.31 |
% |
|
|
|
|
|
|
|
|
|
|
2.31 |
% |
|
|
|
|
|
|
|
|
|
|
2.55 |
% |
|
|
|
|
(1) |
Calculated as total interest on deposits divided by the sum of average interest-bearing deposits and average noninterest-bearing deposits and |
|
(2) |
Calculated as total interest expense divided by the sum of average interest-bearing liabilities and average noninterest-bearing deposits and annualized |
|
INVESTAR HOLDING CORPORATION |
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
|
|
For the three months ended |
||||||||||||||||||||||||||||||||||
|
|
|
September 30, 2026 |
|
June 30, 2026 |
|
September 30, 2025 |
||||||||||||||||||||||||||||||
|
|
|
Average |
|
Interest |
|
Yield/ Rate |
|
Average |
|
Interest |
|
Yield/ Rate |
|
Average |
|
Interest |
|
Yield/ Rate |
||||||||||||||||||
|
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans |
|
$ |
3,038,414 |
|
|
$ |
48,257 |
|
|
|
6.30 |
% |
|
$ |
3,049,671 |
|
|
$ |
47,715 |
|
|
|
6.28 |
% |
|
$ |
2,141,280 |
|
|
$ |
32,563 |
|
|
|
6.03 |
% |
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest recoveries |
|
|
|
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
21 |
|
|
|
|
|
|
|
|
|
|
|
64 |
|
|
|
|
|
|
Accretion |
|
|
|
|
|
|
2,965 |
|
|
|
|
|
|
|
|
|
|
|
2,543 |
|
|
|
|
|
|
|
|
|
|
|
6 |
|
|
|
|
|
|
Adjusted loans |
|
|
3,038,414 |
|
|
|
45,286 |
|
|
|
5.91 |
|
|
|
3,049,671 |
|
|
|
45,151 |
|
|
|
5.94 |
|
|
|
2,141,280 |
|
|
|
32,493 |
|
|
|
6.02 |
|
|
Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable |
|
|
459,120 |
|
|
|
3,824 |
|
|
|
3.30 |
|
|
|
460,171 |
|
|
|
3,790 |
|
|
|
3.30 |
|
|
|
406,153 |
|
|
|
3,096 |
|
|
|
3.02 |
|
|
Tax-exempt |
|
|
55,937 |
|
|
|
740 |
|
|
|
5.25 |
|
|
|
56,218 |
|
|
|
743 |
|
|
|
5.30 |
|
|
|
51,442 |
|
|
|
689 |
|
|
|
5.31 |
|
|
Interest-bearing balances with |
|
|
41,298 |
|
|
|
501 |
|
|
|
4.81 |
|
|
|
90,896 |
|
|
|
951 |
|
|
|
4.20 |
|
|
|
60,431 |
|
|
|
747 |
|
|
|
4.90 |
|
|
Adjusted interest-earning assets |
|
|
3,594,769 |
|
|
|
50,351 |
|
|
|
5.56 |
|
|
|
3,656,956 |
|
|
|
50,635 |
|
|
|
5.55 |
|
|
|
2,659,306 |
|
|
|
37,025 |
|
|
|
5.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-bearing liabilities |
|
|
2,738,519 |
|
|
|
19,557 |
|
|
|
2.83 |
|
|
|
2,804,480 |
|
|
|
19,750 |
|
|
|
2.82 |
|
|
|
2,033,350 |
|
|
|
15,942 |
|
|
|
3.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net interest |
|
|
|
|
|
$ |
30,794 |
|
|
|
3.40 |
% |
|
|
|
|
|
$ |
30,885 |
|
|
|
3.39 |
% |
|
|
|
|
|
$ |
21,083 |
|
|
|
3.15 |
% |
|
INVESTAR HOLDING CORPORATION |
||||||||||||
|
|
||||||||||||
|
|
|
September 30, 2026 |
|
June 30, 2026 |
|
September 30, 2025 |
||||||
|
Tangible common equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
$ |
413,970 |
|
|
$ |
420,132 |
|
|
$ |
295,295 |
|
|
Less: preferred stock |
|
|
30,353 |
|
|
|
30,353 |
|
|
|
30,353 |
|
|
Total common equity |
|
|
383,617 |
|
|
|
389,779 |
|
|
|
264,942 |
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
|
60,634 |
|
|
|
58,267 |
|
|
|
40,088 |
|
|
Core deposit intangible |
|
|
12,734 |
|
|
|
13,337 |
|
|
|
1,115 |
|
|
Trademark intangible |
|
|
100 |
|
|
|
100 |
|
|
|
100 |
|
|
Tangible common equity |
|
$ |
310,149 |
|
|
$ |
318,075 |
|
|
$ |
223,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
3,866,819 |
|
|
$ |
3,861,673 |
|
|
$ |
2,800,628 |
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
|
60,634 |
|
|
|
58,267 |
|
|
|
40,088 |
|
|
Core deposit intangible |
|
|
12,734 |
|
|
|
13,337 |
|
|
|
1,115 |
|
|
Trademark intangible |
|
|
100 |
|
|
|
100 |
|
|
|
100 |
|
|
Tangible assets |
|
$ |
3,793,351 |
|
|
$ |
3,789,969 |
|
|
$ |
2,759,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common shares outstanding |
|
|
13,753,007 |
|
|
|
13,777,385 |
|
|
|
9,825,883 |
|
|
Tangible common equity to tangible assets |
|
|
8.18 |
% |
|
|
8.39 |
% |
|
|
8.10 |
% |
|
Book value per common share |
|
$ |
27.89 |
|
|
$ |
28.29 |
|
|
$ |
26.96 |
|
|
Tangible book value per common share |
|
|
22.55 |
|
|
|
23.09 |
|
|
|
22.76 |
|
|
INVESTAR HOLDING CORPORATION |
|||||||||||||
|
|
|||||||||||||
|
|
|
|
For the three months ended |
||||||||||
|
|
|
|
September 30, 2026 |
|
June 30, 2026 |
|
September 30, 2025 |
||||||
|
Net interest income |
(a) |
|
$ |
33,765 |
|
|
$ |
33,449 |
|
|
$ |
21,153 |
|
|
(Reversal of) provision for credit losses |
|
|
|
(136) |
|
|
|
275 |
|
|
|
139 |
|
|
Net interest income after (reversal of) provision for credit losses |
|
|
|
33,901 |
|
|
|
33,174 |
|
|
|
21,014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest income |
(b) |
|
|
3,046 |
|
|
|
3,098 |
|
|
|
2,984 |
|
|
Gain on call or sale of investment securities, net |
|
|
|
— |
|
|
|
(12) |
|
|
|
(2) |
|
|
Loss on sale or disposition of fixed assets, net |
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
Loss (gain) on sale of other real estate owned, net |
|
|
|
122 |
|
|
|
(4) |
|
|
|
(94) |
|
|
Change in the fair value of equity securities |
|
|
|
(98) |
|
|
|
(177) |
|
|
|
(200) |
|
|
Change in the net asset value of other investments(1) |
|
|
|
144 |
|
|
|
109 |
|
|
|
11 |
|
|
Core noninterest income |
(d) |
|
|
3,214 |
|
|
|
3,014 |
|
|
|
2,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Core earnings before noninterest expense |
|
|
|
37,115 |
|
|
|
36,188 |
|
|
|
23,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest expense |
(c) |
|
|
22,737 |
|
|
|
24,664 |
|
|
|
16,526 |
|
|
Write down of other real estate owned(2) |
|
|
|
(11) |
|
|
|
(75) |
|
|
|
(138) |
|
|
Severance(3) |
|
|
|
(43) |
|
|
|
(105) |
|
|
|
— |
|
|
Acquisition expense |
|
|
|
(258) |
|
|
|
(2,582) |
|
|
|
(246) |
|
|
Core noninterest expense |
(f) |
|
|
22,425 |
|
|
|
21,902 |
|
|
|
16,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Core earnings before income tax expense |
|
|
|
14,690 |
|
|
|
14,286 |
|
|
|
7,576 |
|
|
Core income tax expense(4) |
|
|
|
2,644 |
|
|
|
2,629 |
|
|
|
1,311 |
|
|
Core earnings |
|
|
|
12,046 |
|
|
|
11,657 |
|
|
|
6,265 |
|
|
Preferred stock dividends declared |
|
|
|
528 |
|
|
|
528 |
|
|
|
528 |
|
|
Core earnings available to common shareholders |
|
|
$ |
11,518 |
|
|
$ |
11,129 |
|
|
$ |
5,737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Core basic earnings per common share |
|
|
$ |
0.84 |
|
|
$ |
0.81 |
|
|
$ |
0.58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share (GAAP) |
|
|
$ |
0.74 |
|
|
$ |
0.61 |
|
|
$ |
0.54 |
|
|
Gain on call or sale of investment securities, net |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Loss on sale or disposition of fixed assets, net |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Loss (gain) on sale of other real estate owned, net |
|
|
|
0.01 |
|
|
|
— |
|
|
|
(0.01) |
|
|
Change in the fair value of equity securities |
|
|
|
(0.01) |
|
|
|
(0.01) |
|
|
|
(0.02) |
|
|
Change in the net asset value of other investments(1) |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
— |
|
|
Write down of other real estate owned(2) |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
Severance(3) |
|
|
|
— |
|
|
|
0.01 |
|
|
|
— |
|
|
Acquisition expense |
|
|
|
0.02 |
|
|
|
0.13 |
|
|
|
0.02 |
|
|
Core diluted earnings per common share |
|
|
$ |
0.77 |
|
|
$ |
0.75 |
|
|
$ |
0.54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Efficiency ratio |
(c) / (a+b) |
|
|
61.77 |
% |
|
|
67.49 |
% |
|
|
68.47 |
% |
|
Core efficiency ratio |
(f) / (a+d) |
|
|
60.64 |
|
|
|
60.07 |
|
|
|
67.66 |
|
|
Core return on average assets(5) |
|
|
|
1.25 |
|
|
|
1.21 |
|
|
|
0.89 |
|
|
Core return on average common equity(6) |
|
|
|
11.56 |
|
|
|
11.44 |
|
|
|
8.73 |
|
|
Total average assets |
|
|
$ |
3,814,172 |
|
|
$ |
3,879,711 |
|
|
$ |
2,797,338 |
|
|
Total average common stockholders' equity |
|
|
|
395,454 |
|
|
|
390,181 |
|
|
|
260,799 |
|
|
|
|
|
(1) |
Change in net asset value of other investments represents unrealized gains or losses on Investar's investments in Small Business Investment |
|
(2) |
Reflects an adjustment to noninterest expense for provision for estimated losses on other real estate owned when fair value is determined to be less |
|
(3) |
Severance is included in salaries and employee benefits in the accompanying consolidated statements of income. |
|
(4) |
Core income tax expense is calculated using the effective tax rates of |
|
(5) |
Core earnings used in calculation. No adjustments were made to total average assets. |
|
(6) |
Core earnings available to common shareholders used in calculation. No adjustments were made to total average common stockholders' equity. |
View original content to download multimedia:https://www.prnewswire.com/news-releases/investar-holding-corporation-announces-2026-third-quarter-results-302917431.html
SOURCE Investar Holding Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Investar's third-quarter 2026 earnings?
Investar earned $11.1 million available to common shareholders, or $0.74 per diluted common share, in Q3 2026. That compares with $8.9 million, or $0.61 per share, in Q2 2026 and $5.7 million, or $0.54 per share, in Q3 2025.
What credit lines did Investar purchase on October 1, 2026?
Investar purchased commercial and industrial revolving lines of credit with approximately $65.0 million in unpaid principal and $81.9 million in total commitments. The lines carry variable interest rates and varying renewal terms.
Why did Investar's nonperforming loans increase in the third quarter of 2026?
The sequential increase primarily reflected downgrades of ten 1-4 Family loan relationships totaling $2.1 million and three owner-occupied commercial real estate relationships totaling $0.8 million. Paydowns partially offset those downgrades.
What drove changes in Investar's deposit mix in the third quarter of 2026?
Organic growth primarily drove the increase in noninterest-bearing demand deposits, while maturities of higher-cost time deposits primarily drove the decline in time deposits. Noninterest-bearing demand deposits rose 2.8% sequentially to $639.188 million, while time deposits fell 2.9% to $983.071 million.