Investar Holding Corporation · NASDAQ:ISTR
Investar — Q2 2026 Earnings Presentation
32 slides from Investar's earnings presentation, 2026
Slide 1: Q2 2026 Investor Presentation
NASDAQ: ISTR Q2 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 – 2nd Quarter 2026
Execution of Strategic Initiatives – 2nd Quarter 2026 Balance Sheet Optimization and Capital ▪ Our strategy is to allow the consumer mortgage loans acquired from Wichita Falls Bancshares, Inc. (“WFB”) to run off and replace them with production in our business lending portfolio primarily through the
Slide 5: Financial Overview – 2nd Quarter 2026
Financial Overview – 2nd Quarter 2026 Highlights 2nd Quarter Results ▪ Net interest margin improved eight basis points to 3.67% for the 2nd quarter of 2026 compared to Balance Sheet (in millions) 3.59% for the 1st quarter of 2026. Assets $ 3,862 ▪ Diluted earnings per common share were $0.61 for the
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 2026Q2 includes the 6.9% TBV / Common Share 1 impact of ($2.74) per GROWTH CAGR2 share of AOCL3 2022 – 2026Q2 $24.00 $23.42 $23.09 $22.00 $20.31 $20.00 TBV/Common Share 1 ($) $18.92 $18.00 $16.00 $14.00 $12.00 2023 2024 2025 2026Q2 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 $- 2014 1 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 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 $8,944 $0.61 $0.54 $0.51 $0.46 $5,651 $5,410 $4,494 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 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 $11,129 $0.75 $0.58 $0.54 $6,135 $0.47 $5,737 $4,706 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 Core ROAA (%) 1 Core Efficiency
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% ▪ At June 30, 2026, 300,741 common shares were authorized 2.25% for repurchase under our stock repurchase prog
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 – 2nd Quarter 2026
Investment Portfolio – 2nd Quarter 2026 Available for Sale Commercial Mortgage-backed (Dollars in thousands) Book Value Gain (Loss) Fair Value Securities 18% U.S. Governmental Securities $ 35,926 $ (508) $ 35,418 Residential State and Political Subdivisions 18,858 (1,552) 17,306 Mortgage-backed Corp
Slide 15: Loan Portfolio - 2nd Quarter 2026
Loan Portfolio - 2nd Quarter 2026 Total Portfolio Fixed vs. Variable Rate Consumer 0.4% Construction & $880.5M Development Repricing within 3 months 8.6% Commercial & Industrial 23.0% Short-Term $1.53B Variable Nonowner-Occupied 28.8% Commercial Real Fixed Rate Estate 49.9% 16.7% 1-4 Family 29.7% Lo
Slide 16: CRE Portfolio Overview
CRE Portfolio Overview Farmland Multifamily 1% 12% Portfolio Characteristics Owner-occupied June 30, 2026 43% % of Total Portfolio 38.3% Owner-Occupied as % of CRE Portfolio 43.3% $1.2B Nonowner- Nonowner-Occupied Office as a % of Total Portfolio 3.4% occupied 44% Average Loan Size $1.0M Owner-Occup
Slide 17: C&I Portfolio Overview
C&I Portfolio Overview By Collateral Type By Industry Attorney Cases Transportation 7% and Warehousing 9% Other 11% Finance and Professional, Accounts Insurance Scientific and Receivable 38% Technical Services 39% Unsecured 10% 6% $586M $586M Mining, quarrying, Equipment and oil and gas 12% extracti
Slide 18: Construction & Development Portfolio Overview
Construction & Development Portfolio Overview 1-4 Family Lot/Raw Land - Construction - Builder Consumer 17% 3% 1-4 Family Development/Builder Lots 8% 1-4 Family Mortgage - Construction 36% $262M Commercial Land & Construction 30% Multifamily 6% Portfolio Characteristics June 30, 2026 % of Total Port
Slide 19: Consumer Portfolio Overview
Consumer Portfolio Overview Miscellaneous Unsecured 2% 14% Auto 33% $13M CD/Savings Secured 38% Recreational 13% Portfolio Characteristics June 30, 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 e
Slide 20: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses / Total Loans (%) 1.38 1.26 1.21 1.16 1.18 2022 2023 2024 2025 2026Q2 For the six For the year ended months ended (Dollars in thousands) 12/31/2022 12/31/2023 12/31/2024 12/31/2025 6/30/2026 Allowance for Credit Losses: Beginning balance $ 20,8
Slide 21: Asset Quality Trends
Asset Quality Trends Nonperforming Assets ($000s) NPAs / Assets (%) 0.61 0.62 $23,744 $24,098 0.48 0.44 0.45 $13,108 $12,313 $12,635 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 Net Charge-offs / Avg. Loans (%) Reserves / NPLs (%) 0.01 355.9 344.7 284.5 176.8 187.3 0.00 0.00
Slide 22: Deposit Portfolio – 2nd Quarter 2026
Deposit Portfolio – 2nd Quarter 2026 ▪ Total deposits decreased $18.9 million, or 0.6%, to $3.21 billion at Interest-bearing June 30, 2026, compared to $3.23 billion at March 31, 2026. Demand Money Market 30.8% 11.3% ▪ Investar utilizes brokered time deposits, entirely in Savings denominations of le
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 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Balance Sheet Total Assets $ 2,513,203 $ 2,753,807 $ 2,815,155 $ 2,722,812 $ 2,833,048 $ 2,800,628 $ 2,833,048 $ 3,875,115 $
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 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Tangible common equity: Total stockholders' equity $ 242,598 $ 215,782 $ 226,768 $ 241,296 $ 301,073 $ 295,295 $ 301
Slide 26: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousands) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Net Income $ 4,494 $ 6,179 $ 5,938 $ 12,024 $ 9,472 Plus: Provision for (Reversal of) Credit Losses 141 139 (75) (2,108) 275 Plus: Income Tax Expense 935 1,293 1,3
Slide 27: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousands) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Interest on Deposits $ 14,456 $ 14,726 $ 14,046 $ 18,710 $ 17,496 Average Interest-Bearing Deposits 1,896,474 1,919,377 1,917,020 2,662,652 2,578,750 Average Nonin
Slide 28: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousands) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Net interest income $ 19,644 $ 21,153 $ 21,631 $ 32,660 $ 33,449 Provision for (reversal of) credit losses 141 139 (75) (2,108) 275 Net interest income after provi
Slide 29: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousands, except per share data) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Core basic earnings per common share $ 0.48 $ 0.58 $ 0.63 $ 0.95 $ 0.81 Diluted earnings per common share (GAAP) 0.46 0.54 0.51 0.77 0.61 Ga
Slide 30: Footnotes to Non-GAAP Reconciliation
1 Adjustment to noninterest income for insurance proceeds received for damages to a property recorded in other real estate owned, which is included in other operating income the accompany consolidated statements of income. 2 Change in net asset value of other investments represents unrealized gains
Slide 31: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) For the three months ended June 30, 2026 March 31, 2026 Interest Interest Average Income/ Average Income/ (Dollars in thousands) Balance Expense Yield/ Rate Balance Expense Yield/ Rate Interest-earning assets: Loans $ 3,049,671 $ 47,715 6.28% $ 3,095,915 $ 47,954
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