Investar Holding Stock Price, News & Analysis

Investar Holding Corporation (Nasdaq: ISTR) has declared a quarterly cash dividend of $0.095 per share, marking a 6% increase from the previous quarter. This dividend will be paid on October 31, 2022 to shareholders of record as of September 30, 2022. Additionally, the Board of Directors approved the repurchase of 300,000 shares under its stock repurchase program, enhancing shareholder value. To date, Investar has repurchased 2,280,082 shares at an average price of $19.32 since the program's inception in 2015.

Investar Holding Corporation (NASDAQ:ISTR) reported net income of $9.4 million ($0.92 per diluted share) for Q2 2022, down from $10.1 million ($0.97 per diluted share) in Q1 2022. Core earnings were $0.62 per diluted share, compared to $0.68 in the previous quarter. Total loans increased by $39 million (2.1%) to $1.92 billion, with a significant improvement in credit quality as nonperforming loans fell to 0.89%. Despite a decrease in total deposits by 5.6%, efficiency ratios improved, indicating effective cost management.

Investar Holding Corporation (NASDAQ:ISTR) announced the sale of two banking locations in Alice and Victoria, Texas, to First Community Bank. The deal includes approximately $23 million in loans and $27 million in deposits. This strategic move allows Investar to concentrate on its core markets, as these branches are the farthest from its Louisiana headquarters. The transaction is subject to regulatory approval and is expected to close in Q1 2023. Investar currently operates 31 branches across Louisiana, Texas, and Alabama, with total assets of $2.6 billion.

Investar Holding Corporation (Nasdaq: ISTR) declared a quarterly cash dividend of $0.09 per share, reflecting a 6% increase from the prior quarter. The dividend is payable on July 29, 2022, to shareholders on record by June 30, 2022. This marks the 35th quarterly dividend distribution, following 11 consecutive dividend payments by Investar Bank. As of March 31, 2022, Investar Bank, the Company's wholly-owned subsidiary, held total assets of $2.6 billion and operates 31 branches across Louisiana, Texas, and Alabama.

Investar Holding Corporation (NASDAQ:ISTR) reported record net income of $10.1 million, or $0.97 per diluted share, for Q1 2022, an increase from $6.9 million or $0.67 in Q4 2021 and from $5.4 million or $0.51 in Q1 2021. Core earnings were $0.68 per diluted share, up from $0.56 in Q4 2021. The Board approved an additional 400,000 shares for repurchase, totaling about 4% of outstanding stock. Total deposits rose 3.1% to $2.19 billion, while noninterest income surged 249% to $5.9 million. The efficiency ratio improved significantly to 55.74%.

Investar Holding Corporation (NASDAQ: ISTR) announced the completion of a $20 million private placement of its 5.125% Fixed-to-Floating Subordinated Notes due 2032. The notes will initially yield 5.125% interest for the first five years, transitioning to a floating rate thereafter. Proceeds will be used to refinance existing debt, fund possible share repurchases, and for general corporate purposes. The issuance received an investment grade rating of BBB from Egan Jones Ratings Company.

Investar Holding Corporation (Nasdaq: ISTR) declared a quarterly cash dividend of $0.085 per share, marking a 6% increase from the previous quarter. This dividend is scheduled for payment on April 29, 2022, to shareholders on record as of March 31, 2022. This announcement marks the 34th quarterly dividend and continues a streak of uninterrupted payments from Investar Bank over the past 11 quarters. Investar Holding Corporation operates with total assets of $2.5 billion across 33 branches in Louisiana, Texas, and Alabama.

Investar reported a strong fourth quarter of 2021 with a net income of $6.9 million, or $0.67 per diluted share, compared to a net loss of $10 million in Q3 2021. Core earnings were $0.56 per diluted share, a significant improvement from the prior quarter's loss. The company’s net interest margin increased to 3.57% while deposits decreased by 8% to $2.12 billion. Total loans declined slightly to $1.87 billion, although organic loan growth was noted. CEO John D'Angelo expressed optimism for continued loan demand and strategic efforts to enhance efficiency and reduce costs.

Investar Holding Corporation (Nasdaq:ISTR) has declared a quarterly cash dividend of $0.08 per share, payable on January 31, 2022, to shareholders of record by December 31, 2021. This marks the 33rd quarterly dividend issued by the Company following 11 consecutive quarters of cash dividends by Investar Bank. The Company operates 33 branches across Louisiana, Texas, and Alabama, with total assets of $2.7 billion as of September 30, 2021.