Investar Holding Corporation · NASDAQ:ISTR
Investar — Q1 2026 Earnings Presentation
32 slides from Investar's earnings presentation, 2026
Slide 1: Q1 2026 Investor Presentation
NASDAQ: ISTR Q1 2026 Investor Presentation 1
Slide 2: Cautionary Statements
Cautionary Statements Non-GAAP Financial Measures This presentation 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,” “tangi
Slide 3: Our Company
Our Company Investar Holding Corporation is the Bank Holding Company for Investar Bank ▪ Headquartered in Baton Rouge, LA Mission ▪ Founded in 2006 Investar is a dynamic full service community bank focused on relationships that create value and opportunities for our customers, employees, ▪ Full serv
Slide 4: Execution of Strategic Initiatives – 1st Quarter 2026
Execution of Strategic Initiatives – 1st Quarter 2026 Balance Sheet Optimization and Capital ▪ On January 1, 2026, we closed the acquisition of Wichita Falls Bancshares, Inc. (“WFB”), headquartered in Wichita Falls, Texas, and its wholly-owned subsidiary, First National Bank. On the date of the acqu
Slide 5: Financial Overview – 1st Quarter 2026
Financial Overview – 1st Quarter 2026 Highlights 1st Quarter Results ▪ Net interest margin improved 39 basis points to 3.59% for the 1st quarter of 2026 compared to 3.20% Balance Sheet (in millions) for the 4th quarter of 2025. Assets $ 3,875 ▪ Diluted earnings per common share were $0.77 for the 1s
Slide 6: Leadership Team
Leadership Team John J. D’Angelo, President and Chief Executive Officer Mr. D’Angelo has been the President and Chief Executive Officer of the Company since our organization as a bank holding company in 2013. He has also served as the Bank’s President and Chief Executive Officer since its organizati
Slide 7: Corporate Culture
Corporate Culture VALUES MISSION Integrity INVESTAR IS Neighborly a dynamic full service Visionary community bank focused Empowerment on relationships that create Star Service value and opportunities for Team Focused our customers, employees, Accountable shareholders and the Responsive community ser
Slide 8: Creating Shareholder Value: Tangible Book Value Per Common Share
Creating Shareholder Value Tangible Book Value Per Common Share1 2026Q1 includes the 6.3% TBV / Common Share 1 impact of ($2.70) per GROWTH CAGR2 share of AOCL3 2022 – 2026Q1 $24.00 $23.42 $22.72 $22.00 $20.31 $20.00 TBV/Common Share 1 ($) $18.92 $18.00 $16.00 $14.00 $12.00 2023 2024 2025 2026Q1 TBV
Slide 9: Dividend History
Dividend History $0.50 $0.45 $0.40 $0.35 G R CA $0.30 % 26 $0.25 $0.20 $0.15 $0.10 $0.05 $- 1 2 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 Annualized based on 3rd quarter 2014 dividend of $0.0068 plus 4th quarter 2014 dividend of $0.007 2 Annualized based on actual dividends
Slide 10: Recent GAAP Earnings Performance
Recent GAAP Earnings Performance Net Income Available to Common Shareholders ($000) Earnings Per Common Share (Diluted) $11,496 $0.77 $0.63 $0.54 $0.51 $0.46 $6,293 $5,651 $5,410 $4,494 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 ROAA (%) Net Interest Margin (%) 1.25 3.59 3
Slide 11: Recent Core Earnings Performance
Recent Core Earnings Performance Core Earnings Available to Common Shareholders ($000)1 Core Earnings Per Common Share (Diluted) 1 $13,073 $0.87 $0.65 $0.58 $0.54 $6,484 $6,135 $0.47 $5,737 $4,706 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Core ROAA (%) 1 Core Efficiency R
Slide 12: Returns to Shareholders
Returns to Shareholders Shares Repurchased (%)1 ▪ In July 2023, the Board of Directors authorized an additional 5.02% 350,000 shares for repurchase under our stock repurchase program. 3.39% ▪ Repurchased 53,420 shares at an average price of $28.63 2.25% during the 1st quarter of 2026. 1.16% ▪ YTD sh
Slide 13: Continued Execution of Acquisition Strategy
Continued Execution of Acquisition Strategy Investar Has Completed 8 Whole Bank Acquisitions and 1 Branch Transaction 2011 2017 South LA BOJ Bancshares (LA) 2019 Total Assets: $3.9 Billion Business Bank (LA) Bank of York (AL) 2013 First Community Bank (LA) 2021 Cheaha Financial 2017 2019 Group (AL)
Slide 14: Investment Portfolio – 1st Quarter 2026
Investment Portfolio – 1st Quarter 2026 Available for Sale Commercial Mortgage-backed (Dollars in thousands) Book Value Gain (Loss) Fair Value Securities 18% U.S. Governmental Securities $ 36,777 $ (349) $ 36,428 Residential State and Political Subdivisions 18,497 (1,675) 16,822 Mortgage-backed Corp
Slide 15: Loan Portfolio – 1st Quarter 2026
Loan Portfolio – 1st Quarter 2026 Consumer 0.4% ▪ Total loans increased $891.8 million to $3.07 billion at March 31, 2026 Commercial & compared $2.18 billion at December 31, 2025. Industrial Construction & Development 21.6% 10.4% ▪ Loan yield increased to 6.28% for the 1st quarter of 2026 compared t
Slide 16: CRE Portfolio Overview
CRE Portfolio Overview Farmland Multifamily 1% 12% Portfolio Characteristics March 31, 2026 Owner-occupied 44% % of Total Portfolio 37.6% Owner-Occupied as % of CRE Portfolio 43.9% $1.2B Nonowner- Nonowner-Occupied Office as a % of Total Portfolio 2.8% occupied 43% Average Loan Size $0.9M Owner-Occu
Slide 17: C&I Portfolio Overview
C&I Portfolio Overview By Collateral Type By Industry Attorney Cases Transportation 8% and Warehousing 10% Other 12% Finance and Professional, Insurance Scientific and Accounts Unsecured 38% Technical Services Receivable 3% 12% 42% $534M $534M Equipment 13% Mining, quarrying, and oil and gas extract
Slide 18: Construction & Development Portfolio Overview
Construction & Development Portfolio Overview 1-4 Family Construction - Builder Lot/Raw Land - 18% Consumer 3% 1-4 Family Development/Builder Lots 1-4 Family Mortgage 7% - Construction 37% $319M Commercial Land & Construction 29% Multifamily 6% Portfolio Characteristics March 31, 2026 % of Total Por
Slide 19: Consumer Portfolio Overview
Consumer Portfolio Overview Miscellaneous 2% Unsecured 14% Auto 36% $13M CD/Savings Secured 35% Recreational 13% Portfolio Characteristics March 31, 2026 % of Total Portfolio 0.4% Average Loan Size $10K Note: Since exiting the indirect auto loan origination business at the end of 2015, the Bank has
Slide 20: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses / Total Loans (%) 1.38 1.26 1.21 1.16 1.17 2022 2023 2024 2025 2026Q1 For the three For the year ended months ended (Dollars in thousands) 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 Allowance for Credit Losses: Beginning balance $ 20
Slide 21: Asset Quality Trends
Asset Quality Trends Nonperforming Assets ($000s) NPAs / Assets (%) $23,721 0.61 0.48 0.43 0.44 0.45 $13,108 $12,313 $12,635 $11,754 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Net Charge-offs / Avg. Loans (%) Reserves / NPLs (%) 0.01 473.3 0.00 0.00 0.00 355.9 344.7 284.5
Slide 22: Deposit Portfolio – 1st Quarter 2026
Deposit Portfolio – 1st Quarter 2026 ▪ Total deposits increased $882.6 million, or 37.6%, to $3.23 billion at Interest-bearing Money Market March 31, 2026, compared to $2.35 billion at December 31, 2025. Demand 11.6% 29.0% Savings ▪ Investar utilizes brokered time deposits, entirely in denominations
Slide 23: Financial Profile
Financial Profile As of December 31, For the three months ended (Dollars in thousands, except per share data) 2021 2022 2023 2024 2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Balance Sheet Total Assets $ 2,513,203 $ 2,753,807 $ 2,815,155 $ 2,722,812 $ 2,833,048 $ 2,748,065 $ 2,800,628 $ 2,833,048 $
Slide 24: Appendix
APPENDIX
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of December 31, As of the three months ended (Dollars in thousands, except per share data) 2021 2022 2023 2024 2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Tangible common equity: Total stockholders' equity $ 242,598 $ 215,782 $ 226,768 $ 241,296 $ 301,073 $ 255,929 $ 295
Slide 26: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousands) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Net Income $ 5,381 $ 6,107 $ 6,293 $ 4,494 $ 6,179 $ 5,938 $ 12,024 Plus: (Reversal of) Provision for Credit Losses (945) (701) (3,596) 141 13
Slide 27: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousands) 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Interest on Deposits $ 14,845 $ 14,865 $ 15,729 $ 16,071 $ 14,640 $ 14,456 $ 14,726 $ 14,046 $ 18,710 Average Interest-Bea
Slide 28: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended 1 (Dollars in thousands) 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Net interest income $ 18,345 $ 19,644 $ 21,153 $ 21,631 $ 32,660 (Reversal of) provision for credit losses 2 (3,596) 141 139 (75) (2,108) Net interest income aft
Slide 29: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended 1 (Dollars in thousands, except per share data) 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 2 Core basic earnings per common share $ 0.66 $ 0.48 $ 0.58 $ 0.63 $ 0.95 Diluted earnings per common share (GAAP) 0.63 0.46 0.54 0.51 0.7
Slide 30: Footnotes to Non-GAAP Reconciliation
1 All core results and core metrics for the quarter ended March 31, 2025 exclude $0.2 million of acquisition expense incurred during that quarter related to the Wichita Falls transaction. Those expenses were included in other operating expenses in the first quarter 2025 disclosures. 2 Reversal of cr
Slide 31: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended March 31, 2026 December 31, 2025 Interest Interest Average Income/ Average Income/ (Dollars in thousands) Balance Expense Yield/ Rate Balance Expense Yield/ Rate Interest-earning assets: Loans $ 3,095,915 $ 47,954 6.28% $ 2,150,980 $ 32,
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