Investar Holding Corporation (ISTR) 10-Year Financial Performance & Capital Metrics

ISTR • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutInvestar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services. It also provides commercial real estate loans; commercial and industrial loans, including working capital lines of credit and equipment loans; loans for the construction of commercial projects, and single family residential and multifamily properties; one-to-four family residential real estate lending, such as second mortgage loans; consumer loans, such as secured and unsecured installment and term loans, home equity loans and lines of credit, and auto loans, as well as loans for personal, family, and household purposes. In addition, the company offers cash management products, including remote deposit capture, virtual vault, electronic statements, positive pay, ACH origination and wire transfer, investment sweep accounts, and business Internet banking services. Further, it provides various other banking services, such as cashiers' checks, direct deposit of payroll and social security checks, night depository, bank-by-mail, automated teller machine, interactive teller machines, merchant card, and mobile wallet payment services. The company operates through a network of 24 full service branches. Investar Holding Corporation was founded in 2006 and is headquartered in Baton Rouge, Louisiana.Show more

Net Interest Income $70M -6.4%
Total Revenue $157M +11.0%
Net Income $20M +21.4%
Return on Equity 8.65% +14.8%
Net Interest Margin 2.56% -3.2%
Efficiency Ratio 39.28% -13.4%
ROA 0.73% +22.1%
Equity / Assets 8.86% +10.0%
Book Value per Share 24.29 +5.4%
Tangible BV/Share 20.09 +7.2%
Debt/Equity 0.42 +11.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 39.3% efficiency ratio
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.44%

5Y10.35%

3Y13.17%

TTM-

Profit (Net Income) CAGR

10Y14.14%

5Y3.76%

3Y36.29%

TTM30.48%

EPS CAGR

10Y8.22%

5Y4.31%

3Y39.2%

TTM24.58%

ROCE

10Y Avg4.64%

5Y Avg4.73%

3Y Avg5.68%

Latest5.31%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	31.46M	34.74M	42.52M	57.37M	64.82M	73.53M	83.81M	89.78M	74.52M	69.75M
NII Growth %	0.18%	0.1%	0.22%	0.35%	0.13%	0.13%	0.14%	0.07%	-0.17%	-0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	37.34M	43.15M	53.35M	73.89M	89.44M	93.79M	95.54M	104.57M	133.2M	143.87M
Interest Expense	5.88M	8.41M	10.83M	16.52M	24.63M	20.26M	11.73M	14.78M	58.68M	74.11M
Loan Loss Provision	1.86M	2.08M	1.54M	2.57M	1.91M	11.16M	22.89M	2.92M	-2M	-3.48M
Non-Interest Income+	8.33M	4.2M	3.69M	4.22M	6.23M	12.13M	12.45M	18.61M	7.86M	12.66M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	45.67M	47.35M	57.03M	78.11M	95.67M	105.93M	107.99M	123.18M	141.06M	156.52M
Revenue Growth %	0.23%	0.04%	0.2%	0.37%	0.22%	0.11%	0.02%	0.14%	0.15%	0.11%
Non-Interest Expense	27.34M	25.37M	32.22M	41.78M	48.18M	57.17M	63.47M	61.12M	63.95M	61.48M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	10.58M	11.49M	12.45M	17.24M	20.96M	17.34M	9.91M	44.35M	20.43M	24.41M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.62%	0.09%	0.08%	0.38%	0.22%	-0.17%	-0.43%	3.48%	-0.54%	0.19%
Pretax Income+	10.58M	11.49M	12.45M	17.24M	20.96M	17.34M	9.91M	44.35M	20.43M	24.41M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.51M	3.61M	4.25M	3.63M	4.12M	3.45M	1.91M	8.64M	3.75M	4.15M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	7.07M	7.88M	8.2M	13.61M	16.84M	13.89M	8M	35.71M	16.68M	20.25M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.31%	0.11%	0.04%	0.66%	0.24%	-0.18%	-0.42%	3.46%	-0.53%	0.21%
Net Income (Continuing)	7.07M	7.88M	8.2M	13.61M	16.84M	13.89M	8M	35.71M	16.68M	20.25M
EPS (Diluted)+	0.97	1.10	0.96	1.39	1.66	1.27	0.76	3.50	1.69	2.05
EPS Growth %	0.04%	0.13%	-0.13%	0.45%	0.19%	-0.23%	-0.4%	3.61%	-0.52%	0.21%
EPS (Basic)	0.98	1.11	0.96	1.41	1.68	1.27	0.77	3.54	1.69	2.06
Diluted Shares Outstanding	7.26M	7.17M	8.54M	9.79M	10.14M	10.87M	10.5M	10.18M	9.84M	9.94M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	20.79M	29.34M	30.42M	17.13M	44.31M	35.37M	96.54M	40.07M	32.01M	27.92M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	965.44M	1.07B	1.5B	1.67B	1.97B	2.14B	2.23B	2.52B	2.58B	2.49B
Investments Growth %	0.18%	0.11%	0.39%	0.12%	0.18%	0.08%	0.05%	0.13%	0.02%	-0.03%
Long-Term Investments	852.07M	911.83M	1.28B	1.42B	1.71B	1.87B	1.88B	2.12B	2.22B	2.49B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	2.68M	17.09M	0	26.23M	28.24M	40.19M	40.09M	40.19M	40.09M
Intangible Assets	0	550K	2.84M	0	4.8M	3.99M	3.85M	3.06M	2.23M	1.61M
PP&E (Net)	30.63M	31.72M	37.54M	40.23M	50.92M	56.3M	58.08M	49.59M	44.18M	40.7M
Other Assets	6.78M	13.7M	32.62M	32.64M	39.94M	45.55M	66.61M	70.69M	88.3M	89.68M
Total Current Assets	136.99M	195.61M	252.67M	271.67M	312.03M	316.75M	463.4M	457.98M	408.29M	48.54M
Total Non-Current Assets	894.57M	963.35M	1.37B	1.51B	1.84B	2B	2.05B	2.3B	2.41B	2.67B
Total Assets+	1.03B	1.16B	1.62B	1.79B	2.15B	2.32B	2.51B	2.75B	2.82B	2.72B
Asset Growth %	0.17%	0.12%	0.4%	0.1%	0.2%	0.08%	0.08%	0.1%	0.02%	-0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	170.21M	126.5M	212.55M	232.55M	183.32M	175M	135.66M	439.74M	85.08M	101.02M
Net Debt	149.42M	97.16M	182.13M	215.41M	139.01M	139.63M	39.12M	399.67M	53.07M	73.1M
Long-Term Debt	131.11M	87.41M	190.62M	230.55M	180.32M	169.35M	129.87M	439.74M	76.45M	92.64M
Short-Term Debt	39.1M	39.09M	21.93M	2M	3M	5.65M	5.78M	0	8.63M	8.38M
Other Liabilities	14.59M	11.92M	12.21M	9.93M	0	0	14.68M	15.92M	247.58M	34.55M
Total Current Liabilities	776.5M	946.87M	1.25B	1.36B	1.73B	1.91B	2.13B	2.08B	2.26B	2.35B
Total Non-Current Liabilities	145.7M	99.33M	202.83M	240.48M	180.32M	169.35M	144.56M	455.66M	324.03M	127.2M
Total Liabilities	922.21M	1.05B	1.45B	1.6B	1.91B	2.08B	2.27B	2.54B	2.59B	2.48B
Total Equity+	109.35M	112.76M	172.73M	182.26M	241.98M	243.28M	242.6M	215.78M	226.77M	241.3M
Equity Growth %	0.06%	0.03%	0.53%	0.06%	0.33%	0.01%	-0%	-0.11%	0.05%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.07%	0.06%	0.08%	0.08%	0.06%	0.03%	0.16%	0.08%	0.09%
Book Value per Share	15.07	15.73	20.22	18.62	23.85	22.39	23.10	21.19	23.04	24.29
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	7.26M	7.1M	9.52M	9.48M	11.23M	10.61M	10.34M	9.9M	9.75M	9.83M
Additional Paid-in Capital	84.1M	81.5M	131.58M	130.13M	168.66M	159.49M	154.93M	0	0	0
Retained Earnings	18.65M	26.23M	33.2M	45.72M	60.2M	71.39M	76.16M	108.21M	116.71M	132.94M
Accumulated OCI	83.44M	-2.07M	-1.57M	-3.08M	1.89M	1.8M	1.16M	97.67M	100.31M	98.53M
Treasury Stock	-634K	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	37.52M	37.3M	9.46M	16.41M	18.57M	17.75M	33.48M	42.75M	26.25M	15.93M
Operating CF Growth %	1.43%	-0.01%	-0.75%	0.74%	0.13%	-0.04%	0.89%	0.28%	-0.39%	-0.39%
Net Income	7.07M	7.88M	8.2M	13.61M	16.84M	13.89M	8M	35.71M	16.68M	20.25M
Depreciation & Amortization	1.45M	1.49M	1.86M	2.55M	3.46M	4.57M	4.99M	4.43M	3.78M	3.1M
Deferred Taxes	-386K	-207K	245K	841K	153K	-1.39M	-547K	-655K	-350K	659K
Other Non-Cash Items	25.32M	29.5M	1.59M	793K	-367K	9.41M	20.98M	3.58M	-2.55M	-9.4M
Working Capital Changes	3.67M	-1.97M	-3.23M	-2.45M	-2.95M	-10.38M	-1.68M	-2.43M	6.7M	-635K
Cash from Investing+	-173.31M	-151.97M	-98.35M	-182.4M	-103.06M	-148.14M	53.4M	-350.99M	-73.49M	90.06M
Purchase of Investments	-95.63M	-90.15M	-109.76M	-76.64M	-117.57M	-133.29M	-256.21M	-193.97M	-126.77M	-60.67M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	21.2M	0	74.14M	-10.81M	8.11M	0	-596K	0
Other Investing	-120.49M	-101.01M	-147.47M	-141.57M	-161.74M	-130.25M	79.56M	-219.29M	-120.04M	90.97M
Cash from Financing+	137.25M	123.14M	89.86M	152.71M	112.05M	121.07M	-25.21M	251.46M	38.99M	-110.08M
Dividends Paid	-221K	-278K	-722K	-1.47M	-2.17M	-2.69M	-3.09M	-3.55M	-3.84M	-3.97M
Share Repurchases	-572K	-3.47M	-506K	-3.37M	-8.33M	-11.11M	-6.92M	-10.54M	-3.03M	-305K
Stock Issued	0	0	32.51M	0	28.52M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	136.33M	170.59M	-36.45M	117.74M	144.36M	145.97M	26.81M	-43.9M	196.86M	90.37M
Net Change in Cash+	1.45M	8.48M	973K	-13.28M	27.55M	-9.33M	61.67M	-56.78M	-8.25M	-4.09M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	19.51M	20.97M	29.45M	30.42M	17.14M	44.7M	35.37M	97.04M	40.26M	32.01M
Cash at End	20.97M	29.45M	30.42M	17.14M	44.7M	35.37M	97.04M	40.26M	32.01M	27.92M
Interest Paid	5.83M	8.29M	10.2M	16.14M	24.4M	20.7M	11.82M	14.41M	56.77M	74.46M
Income Taxes Paid	4M	2.85M	4.38M	2.56M	4.19M	4.34M	4.21M	8.89M	2.9M	3.1M
Free Cash Flow+	33.44M	33.24M	7.38M	11.48M	10.65M	10.16M	30.16M	41.69M	25.18M	15.42M
FCF Growth %	1.36%	-0.01%	-0.78%	0.56%	-0.07%	-0.05%	1.97%	0.38%	-0.4%	-0.39%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.65%	7.1%	5.75%	7.67%	7.94%	5.72%	3.29%	15.58%	7.54%	8.65%
Return on Assets (ROA)	0.74%	0.72%	0.59%	0.8%	0.86%	0.62%	0.33%	1.36%	0.6%	0.73%
Net Interest Margin	3.05%	3%	2.62%	3.21%	3.02%	3.17%	3.33%	3.26%	2.65%	2.56%
Efficiency Ratio	59.86%	53.58%	56.48%	53.49%	50.36%	53.97%	58.77%	49.62%	45.34%	39.28%
Equity / Assets	10.6%	9.73%	10.64%	10.2%	11.26%	10.48%	9.65%	7.84%	8.06%	8.86%
Book Value / Share	15.07	15.73	20.22	18.62	23.85	22.39	23.1	21.19	23.04	24.29
NII Growth	17.85%	10.43%	22.39%	34.93%	12.98%	13.45%	13.98%	7.12%	-17%	-6.4%
Dividend Payout	3.12%	3.53%	8.8%	10.79%	12.87%	19.34%	38.63%	9.95%	23.05%	19.61%

Frequently Asked Questions

Valuation & Price

Investar Holding Corporation (ISTR) has a price-to-earnings (P/E) ratio of 13.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Investar Holding Corporation (ISTR) grew revenue by 11.0% over the past year. This is steady growth.

Yes, Investar Holding Corporation (ISTR) is profitable, generating $23.1M in net income for fiscal year 2024 (12.9% net margin).

Dividend & Returns

Yes, Investar Holding Corporation (ISTR) pays a dividend with a yield of 1.45%. This makes it attractive for income-focused investors.

Investar Holding Corporation (ISTR) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.

Industry Metrics

Investar Holding Corporation (ISTR) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Investar Holding Corporation (ISTR) has an efficiency ratio of 39.3%. This is excellent, indicating strong cost control.

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