Investar Holding Corporation · NASDAQ:ISTR
Investar — Q3 2026 Earnings Presentation
32 slides from Investar's earnings presentation, Oct 22, 2026
Slide 1: Q3 2026 Investor Presentation
NASDAQ: ISTR Q3 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 - 3rd Quarter 2026
MN ; on Hota gs Ser Execution of Strategic Initiatives - 3" 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 produdtion in our business lending portfolio, pr
Slide 5: Highlights
Sy a Highlights ~ Diluted earnings per common share were $0.74 for the 3° quarter of 2026 compared to $0.61 for the 24 quarter of 2028. Core diluted earnings per cornmon share' were $0.77 for the 3° quarter of 2028 comparedto $0.75 for the 2° quarter of 2026 ~ Net interest margin improved six basis
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! 9 2026Q3 includes the 6.0 % TBV / Common Share* impact of ($3.87) per GROWTH CAGR? share of AOCL? 2022 - 202603 $24.00 $23.42 $22.55 $22.00 $20.31 ee $20.00 = $18.92 § % s18.00 S seco eB $14.00 $12.00 2023 2024 2025 202603 [TBVICommon Share ‘Non-GAAP financia
Slide 9: ool
ool 2014' 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 atid Svtenis of$0.35 trough he 3 uate of 2028
Slide 10: Recent GAAP Earnings Performance
Ser) Recent GAAP Earnings Performance Net Income Available to Common Shareholders ($000) Earnings Per Common Share (Diluted) $1106 $14,427 $0.74 ‘$0.61 $5,651 $5,410 202503 202504 202601 202503 202504 202601 2026Q2 202603 ROAA (%) Net Interest Margin (%) 1.25 359 367 313 os 0.83 1 202503 202504 2026
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 $11,518 $5737 $6,135 q| =D 202504 202601 202503 202504 202603 Core ROAA fs CoreROAA%)' Core Efficiency Ratio nr 1M 1 TINT 202503 202504 202601 202602
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 September 30, 2026, 275,628 common shares were im authorized for repurchase under our stock repurchase progr
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 NaI Available for Sale Praliret (Dotan nousands) Book Value Gain (Loss) secures 20% U.S Governmental Securties $ 39290 $ (1927) $ 37,363 ‘Sate and Political Subdivisions 18,843 (2600) 16,243 Reset Corporate Bonds 24874 56) Zoic [iekeeadenred Residental Morigage-backed Securities 305,137 (51.440) 2
Slide 15: Loan Portfolio - 3rd Quarter 2026
N= Nor x) Loan Portfolio - 3 Quarter 2026 beta Consieton& $917.1 eal ne elope Repricing within 3 months Commercial & industial $1498 Nonowner-Occupied Commerc a Real Estate en) yr a Onner Occupied Comme ial Real Estate mas ‘$687.2M Reprcing in greater ‘than 3 months Famiand lian a cia Loan Portfolio
Slide 16: CRE Portfolio Overview
Mf. - . Ser CRE Portfolio Overview Farniand Muttfamily 1% 12% | ‘Owner-occupied 44% ‘%of Tota Portoio 382% $1.2B Onner-Oocupied as eof CRE Porfolo 44.1% Nonowner Nonowner-Cooupied Office as a % of Total Portioio 32% oe Average Loan Size 10M Owner-Occupied Nonowner-Occupied ter owner Warehouse 14% Re
Slide 17: C&I Portfolio Overview
Mf. Ss r C&l Portfolio Overview Za By Collateral Type By Industry Atomey Cases Tarspotaion ™% sn Wrerausng Other bad 11% Femé'mi Prfessond, ireurence Sorte and Accouts Unsecured 37% Technica Services Receivable % 8% Secured aren Heatheae and social Matne 0% assisance 13% 7% September 30, 2028 %d Tot
Slide 18: Construction & Development Portfolio Overview
Sor) Construction & Development Portfolio Overview LofRaw Land- Consurrer 4-4Famiy 4-4Famiy 5% Construdion - Builder Dev eloprenifBuiler Lots 17% 6% q $229M 14Famiy Morigage- Construction Bb Commercial Land & Constucion a 3% Portfolio Characteristics September 30, 2026 eof Tal Portfolio 75% ‘Average
Slide 19: Consumer Portfolio Overview
MV Ser) Consumer Portfolio Overview Unseaured Miscellaneous 14% 2% Auto 32% CDISavings $12M Secured 40% Recreatonal 12% Portfolio Characteristics September 30, 2026 % of Total Pottolio, 04% ‘Average Loan Size 10K INVEST: Nok: Since exiting te incirectauto ban origination business atthe end of 2016,
Slide 20: Allowance for Credit Losses
Sy Allowance for Credit Losses Sy Allowance for Credi ses | Total Loans (%) 138 1.16 % 12 1.48 2022 2023 2024 2025 202603 For the nine For the year ended months ended (Dollars in thousands) Allowance for Credit Losses: Beginning balance S$ 859 S$ 24364 S$ 30M S26 721 $26,389 ‘Alowance on WFB loans a
Slide 21: Asset Quality Trends
FI Asset Quality Trends a Nonperforming Assets ($000s) NPAs | Assets (%) s23744 HULGTIT 202503, 202504 Net Charge-offs / Avg. Loans (%) Reserves / NPLs (%) 1768 1873 01 0.00 0.00 0.00 202503 202504 202601 202602 202504 202601 202602 202603, INVESTAR a
Slide 22: Deposits
= Total deposits decreased $33.1 million, or 1.0%, to $3.18 billion at Meatiasies September 30, 2026, compared to $3.21 billion at June 30, 2026. Demand 11% Investar utilizes brokered time deposits, entirely in denominations of less than $250,000, to secure fixed cost funding and reduce short-term b
Slide 23: Financial Profile
f= inancial Profile SX) F | Profil Na) ares ‘Total Assets $ 2513203 $ 2753807 $ 2815,155 $ 2722812 $ 2833,048 $ 283308 $ 3875,115 $ 3861673 $ 3,866,819 ‘Total Loans $ 1872012 $ 2104767 $ 2210619 $ 2125084 $ 2175,973 $ 2175973 $ 3,067,816 $ 305,887 $ 3,066,008 Total Deposits $ 2,120,256 © $ 2082365 $
Slide 24: Appendix
APPENDIX
Slide 25: Non-GAAP Reconciliation
{As of the three months ended thousands, except per: 202 2023 2024 Tangible common equity: ‘Total sockholers'equty $ 242598 $ 215782 $ 226768 $ 241,296 $ 301,073 $ 301,073 $ 414634 $ 420.132 $ 413970 Less: prefered stock - - - - 30353 30,353 90,353 90,353 30,353 ‘Total common stockholders’ equty 242
Slide 26: Non-GAAP Reconciliation (continued)
“abe } Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousancs) 9/30/2025 12/31/2025 3/31/2026 6/30/2026 __ 9/30/2026 Net Income $ 6179 $ 5938 $ 12024 $§ 9472 $ 11,655 Plus: Provision for (Reversal of) Credit Losses 139 (75) (2,108) 215 (136) Plus: Income Tax Expense 1,2
Slide 27: Non-GAAP Reconciliation (continued)
C= = wy Non-GAAP Reconciliation (continued) Sa For the three months ended (Dollars in thousands) 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 Interest on Deposits $ 14.726 $ 14046 $ 18710 $ 17496 $ 17,598 Average Interest-Bearing Deposits 1,919,377 1,917,020 2,662,652 2,578,750 2,553,344 Avera
Slide 28: Non-GAAP Reconciliation (continued)
MM. S ST) Non-GAAP Reconciliation (continued) For the three months ended (Dollars in thousands) 9730/2025 1273112025 Netinterestincome $2153 «$2631 $32,680 3349 $ 33,765 Provision for (reversal of credt losses 139 5) (2,108) 25 ‘Net interest income after provision for (reversal of) credit losses ET)
Slide 29: Non-GAAP Reconciliation (continued)
Sy For the three months ended (Dollars in thousands, except per share data) 9/30/2025 12/31/2025 3/31/2028 6/30/2026 9730/2026 ‘Core basic eamings per common share $ 058 S$ 068 S$ 095 S$ oS 084 Diluted earnings per common share (GAAP) 054 051 or ost 074 Gain on callor sale of investment securties, n
Slide 30: Sa ny
C= Sa ny * Change in net asset value of other investments represents unrealized gains or losses on Investar's investments in Small Business Investment Companies and other investment funds included in other operating income in the accompan jing consolidated statements of income. 2 Refleds an adjustme
Slide 31: (Dollars in thousands)
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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