Investar Holding Corporation · NASDAQ:ISTR
Investar — Q2 2026 Earnings Presentation
32 slides from Investar's earnings presentation, Jul 20, 2026
Slide 1: Q2 2026 Investor Presentation
NASDAQ: ISTR Q2 2026 Investor Presentation
Slide 2: Cautionary Statements
Ser) SX Cautionary Statements Non-GAAP Financis Measures ‘This presentation contains fnancalinformaion determined by methods cther than in accordance vith generaly accepted accounting princes in the United Sates of Amercaor GAAP. These measures and ratios incude tangible common equty” tangle assets"
Slide 3: Our Company
Ser) Ss) Our Company Investar Holding Corporation is the Bank Holding Company for Investar Bank Headquartered in Baton Rouge, LA Mission Founded in 2006 Investaris a dynamic full service community bank focused on relationships that create value and opportunities for our customers, employees, Full se
Slide 4: Execution of Strategic Initiatives - 2nd Quarter 2026
Mi => - . age . ~ y Execution of Strategic Initiatives - 2" Quarter 2026 Nz! 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 wth production in our business lending portfolio
Slide 5: Second quarter 2026 highlights
Sy a ~ Net interest margin improved eight basis points to 3.67% for the 2° quarter of 2026 compared fo 3.5% for the 15 quarter of 2026. ~ Diluted earnings per common share were $0.61 for the 2° quarter of 2026 compared to $0.77 forthe ‘8 quarter of 2026. Core diuted earnings per common share‘ were $
Slide 6: Leadership Team
N= ¢ y) Leadership Team a & 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 it
Slide 7: Corporate Culture
— Ni Sy) Corporate Culture a Integrity Neighborly Visionary Empowerment Star Service Team Focused Accountable Responsive INVESTAR INVESTAR IS a dynamic full service community bank focused on relationships that create value and opportunities for our customers, employees, shareholders and the communit
Slide 8: Tangible Book Value Per Common Share
Za Tangible Book Value Per Common Share! ) 2026Q2 includes the 6.9 % TBV / Common Share* impact of ($2.74) per GROWTH CAGR? share of AOCL? 2022 - 20262 sean $3.42 $23.08 $22.00 $20.31 ee $20.00 = $18.92 § % s18.00 S seco eB $14.00 $12.00 2023 2024 2025 202602 [TBVICommon Share ‘Non-GAAP financial me
Slide 9: Dividend History
ff 3Y Dividend History Nz! $0.50 $0.45 $0.40 $0.35 E> $0.30 $0.25 $0.20 $0.10 $0.05 s 20141 2015 2016 2017-2018 )= 2019-2020 2021 2022-2023 2024 «= 2025-20267 1 Annualized based on 3° quarter 2014 dividend of $0.0068 plus 4" quarter 2014 dividend of $0.007 INVESTAR® *4nusizes tosed on acti Sends of$
Slide 10: Recent GAAP Earnings Performance
cS Recent GAAP Earnings Performance SN By Net Income Available to Common Shareholders ($000) Earnings Per Common Share (Diluted) ‘$11,496 $8,944 $0.61 $5,651 $5,410 [ | | a 202502 202503 202504 202601 2025Q3 20261 202602 ROAA (%) Net Interest Margin (%) 1.25 359 3.67 202502 202504 202601 202502 2025
Slide 11: Recent Core Earnings Performance
Ser) Recent Core Earnings Performance Core Earnings Available to Common Shareholders ($000)! Core Eamings Per Common Share (Diluted) * $13,073 $11,129 canal $0.75 $054 $0.58 $5,137 ‘$0.47 [| 20502 «202503202504 251 202602 22502 202503 202504 202601 202602 Core ROAA (%)' Core Efficiency Ratio (%) “ 7
Slide 12: Returns to Shareholders
“Va Ser) Returns to Shareholders Shares Repurchased (%)' = In July 2023, the Board of Directors authorized an additional 350,000 shares for repurchase under our stock repurchase program. = At June 30, 2026, 300,741 common shares were authorized 20% for repurchase under our stock repurchase program.
Slide 13: Continued Execution of Acquisition Strategy
oF Continued Execution of Acquisition Strategy Investar Has Completed 8 Whole Bank Acquisitions and 1 Branch Transaction 2011 2017 2019 Total Assets: SouthLA aie els $3.9 Billion Business Bank (LA) 2013 First Community Bank (LA) Bank of York (AL) 2021 Cheaha Financial Group (AL) 2017 Citizens Bancsh
Slide 14: Securities Portfolio
S A ae Available for Sale Posie (Cotas in nousans) Book Value _ Gain (Loss) pe ey U.S Governmental Securties $ 35925 $ (608) $ 35,418 ‘Sate and Political Subd 18,858 1552) 706 yh an visions : (1,552) 3 Pe Corporate Bonds 25,406 (1218) 24,188 Securaes 639% Residental Morigage-backed Securities 299,34
Slide 15: Loan Portfolio - 2nd Quarter 2026
= ; Ser Loan Portfolio - 2" Quarter 2026 $880.5M Repricing within 3 months Short-Term Variable 28% $1.58 Commercial Real Estate $653.3M Repricing in greater ‘than 3 months, Loan Portfolio Detail - Quarterly Lookback t thousands) 6/30/2025 9/30/2025, 1213/2025 3/31/2026 6/30/2026 ‘Construction & Deve
Slide 16: CRE Portfolio Overview
Mf. - . Ser CRE Portfolio Overview Farniand Muttfamity 1% 12% | Owner-occupied 43% %dl Td Portoio BH Onner-Oaapied as %of CRE Potoio 433% $1.2B Nonowner- Nonowner-Ccaupied Offce as a% of Tot Portsio 34% cai Average Loan Sze 10M Owner-Occupied Nonowner-Occupied Warehouse 14% Hotel/motel 6% Retail 2%
Slide 17: C&I Portfolio Overview
Mf. L ‘ ‘ Sy C&l Portfolio Overview By Collateral Type By Industry Other ba 11% Fiance and Proessiond, Acoouns Irewrance Sciertc and Recavatie 2% Techrical Services 30% Unsecured 10% % $586M $586M u . Equmet ‘nd ot ord 2% ‘extraction om CashBrkerage Heat care and as Sonus citer oud ware 13% ™% Portf
Slide 18: Construction & Development Portfolio Overview
Sr INVESTAR ) Construction & Development Portfolio Overview 4-4Famiy LotRaw Land. Constucton - Builder Conguer 17% 41-4Famiy DevebprenBuierLot iia Mortgage - Constudion 36% $262M Commercial Land & Construcfon 30% Mulieriy 6% Portfolio Characteristics June 30, 2026 ot Tokal Portfolio 8.6% Average Loa
Slide 19: Consumer Portfolio Overview
MV Ser) Consumer Portfolio Overview Miscellaneous Unseaured 14% Ga Auto 33% $13M CDISavings Seaured 38% Receatonal 13% Portfolio Characteristics June 30, 2026 % of Total Pottolio, 04% ‘Average Loan Size 10K INVEST: Nok: Since exiting te incirectauto ban origination business atthe end of 2016, the Ba
Slide 20: Allowance for Credit Losses
Sy Allowance for Credit Losses Sy Allowance for Credi ses | Total Loans (%) 138 1.16 % 12 1.48 2022 2023 2024 2025 202602 For the six For the year ended months ended (Dollars in thousands) Allowance for Credit Losses: Beginning balance S$ 859 S$ 24364 S$ 30M S26 721 $26,389 ‘Alowance on WFB loans at
Slide 21: Asset Quality Trends
MM. F s s_\) Asset Quality Trends Ne Nonperforming Assets ($000s) NPAs | Assets (%) saall coal 202502 202503, 2504 202503 202504 Net Charge-offs / Avg. Loans (%) Reserves / NPLs (%) 0. UMee 1768 187. 202502 202503, 202503, 202504 202601 202602 INVESTAR a
Slide 22: Total deposits and deposit composition
= 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 208% Investar utilizes brokered time deposits, entirely in denominations of less than $250,000, to secure fixed cost funding and reduce short-ter
Slide 23: Financial Profile
=. Sy w Financial Profile 13012025 For the three months ended Toval Assets $ 2513203 $ 2753807 TotalLoans $ 1872012 $ 2104767 _$ 2210619 ‘Total Deposts Loars/Depasts BB% — 10.08% © B.A. Capital TCAITA’ 8.01% 6% 6.5% Total Captal 120% 13.25% «12.00% Ter Capi 90% — 10.21% 920% Ter t Leverage Captal 8.
Slide 24: Appendix
APPENDIX
Slide 25: Tangible common equity reconciliation
thousands, except per Tangible common equity: Toa sockholders'equty Less: peered tock ‘oa common sockhoders equey Adjustments: Goodual Oherinangbies Tangible common equty ‘commonshares oustanding 00k value per common share ‘Tangle book value per common share Other intangibles Tangible assets ‘Total
Slide 26: Pre-tax, pre-provision net income reconciliation
For the three months ended (Dollars in thousancs) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 _6/30/2026 Net Income S$ 4494 $ 6179 $ 5938 $ 12024 $ 9472 Plus: Provision for (Reversal of) Credit Losses 141 139 (75) (2,408) 215 Plus: Income Tax Expense 935 1,293 1,333 2,885 2.136 IPre-Tax, Pre-Provision
Slide 27: Non-GAAP Reconciliation (continued)
“abe } 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 Averag
Slide 28: Non-GAAP Reconciliation (continued)
Ser) Non-GAAP Reconciliation (continued) For the three months ended Provision for (reversal of credt losses 141 139 5) (2,108) 25 Net interest income after provision for (reversal of creditlosses 79503 Hote 2706 34768 3aA74 Noninterest income 2628 2984 1942 2.980 3,098 Gain on cal orsaleofinvesment
Slide 29: Core earnings per share reconciliation
Sy For the three months ended (Dollars in thousands, except per share data) EY 1300 3/31/2026 6/30/2026 Core basic eamings per common share $ oS 058 S$ 063 S$ 095 S$ 081 Diluted earnings per common share (GAAP) 046 054 051 om 061 Gain on callor sal of investment securties, net z : 2 : 2 Losson sale
Slide 30: Reconciliation footnotes
C= Sa ny + Adjustment to noninterest income for insurance proozeds received for damages to a property recorded in other real estate owned, which is induded in other operating income the ‘acoompany consolidated statements of income. 2 Change in net asset value of other investments represents unrealiz
Slide 31: Adjusted net interest margin reconciliation
Sy (Dollars in thousands) Interest eaming assets: Loans Adjustments: hnlerestrecoveries Accretion ‘Adjusted loans Securties: Taxable Taxerempt Interest bearing balances wth banks Adjusted interest-eaming assets Total interest-bearing Fabiites [Net interest income!net interest margin ‘Adjusted netint
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