Investar Holding Corporation · NASDAQ:ISTR
Investar — Q1 2026 Earnings Presentation
32 slides from Investar's earnings presentation, Apr 20, 2026
Slide 1: Q1 2026 Investor Presentation
NASDAQ: ISTR Q1 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 - 1st Quarter 2026
Sy Execution of Strategic Initiatives - 1st Quarter 2026 = 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 Nalional Bank. On the date of the acqustion, WFB had $1.2 billion in tota
Slide 5: Net interest margin improved to 3.59% for the 1st quarter of 2026
A Net interest margin improved 39 basis points to 3.59% for the 1 quarter of 2026 compared to 3.20% for the 4 quarter of 2025. Dituted earings per common share were $0.77 forthe 1 quarter of 2028 compared to $0.51 forthe 4 quarter of 2025. Core diuted earnings per common share' were $0.87 for the 1*
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 2026Q1 includes the 6.3 % TBV / Common Share* impact of ($2.70) per GROWTH CAGR? share of AOCL? 2022 - 20261 $2400 $2342 $272 $22.00 $20.31 $20.00 = $18.92 § % s1a00 : S $1600 eB $1400 $12.00 2023 2024 2025 202601 OQ TBVICommon Share ‘Non-GAAP financial mea
Slide 9: Dividend History
CF Dividend History $0.45 $0.40 $0.35, $0.30 $0.25 $0.20 $0.15 $0.10 . aad 2014' 2015-2016 «2017-2018 »= 2019-2020» 2021 «2022» 2023 2024 «= 2025-2026 1 Annualized based on 3° quarter 2014 dividend of $0.0068 plus #" quarter 2014 dividend of $0.007 INVESTAR® *4mstees toed on ate diendsof$0 11 freogh
Slide 10: Recent GAAP Earnings Performance
Ser) Recent GAAP Earnings Performance Net Income Available to Common Shareholders ($000) Earnings Per Common Share (Diluted) ‘$11,496 $0.63 li $5,651 $5,410 al 202501 202502 202503 202504 202601 202501 (202502 202503 2026Q1 ROAA (%) Net Interest Margin (%) 1.25 3.59 303 ase io 287 a 0.83 066 202501
Slide 11: Recent Core Earnings Performance
cS yy Recent Core Earnings Performance SN By Core Earnings Available to Common Shareholders ($000)! Core Eamings Per Common Share (Diluted) * $13,073, $5737 aol 202501 202502 202503 Core ROAA (%)' Uaae 202501 202502 202503 INVESTAR Non-GAAP financial measure; please see the appendix for adional deta
Slide 12: Returns to Shareholders
Mf 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 5.02% program. 3.30% = Repurchased 53,420 shares at an average price of $28.63 225% during the 1* quarter of 2026. a0x. = YT
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: Investment Portfolio — 1st Quarter 2026
S SF, Investment Portfolio — 1st Quarter 2026 Available for Sale Commercial (Dotars in thousands) Book Value Gain (Loss) Fair Value yh sdegrery U.S. Governmental Securties $ 36777 $ (349) $ 36,428 Resident Sate and Poltcal Subdivisions 18497 (1,875) 16822 yeryage Corporate Bonds 26476 (1.138) 25,338
Slide 15: Loan Portfolio — 1st Quarter 2026
Loan Portfolio — 1st Quarter 2026 Consumer 04% = Total loans increased $891.8 million to $3.07 billion at March 31, 2026 compared $2.18 billion at December 31, 2025. = Loan yield increased to 6.28% for the 1* quarter of 2026 compared to 5.99% for the 4'* quarter of 2025. Exclusive of interest income
Slide 16: CRE Portfolio Overview
Mf. - . Ser CRE Portfolio Overview Farmiand Mukiarily 1% 12% | ‘%of Tota Portfolio 37.68% $1.2B Onner-Oocupied as %of CRE Patio BH ee Nonowner-Ocaupied Ofice as a Sof Total Portlio 28% cme Average Loan Sze som Owner-Occupied Nonowner-Occupied Alter owner Warehouse oe 10% etal vate aril Consinction 6
Slide 17: C&I Portfolio Overview
Ser) C&l Portfolio Overview By Collateral Type By industry ‘Atomey Cases Teanspotaion % and Washassng 10% Otter 12% Finance and Professiond, rune Scientic and Lecce bred Tecel Senece $534M $534M Equpment me Mining, quaryiro, and of and gas cexracton 15% CashiBrokerage Secured % ies Consneton 4% tf o
Slide 18: Construction & Development Portfolio Overview
Sor) Construction & Development Portfolio Overview 1-4Famiy Construcfon - Builder LolRawLand- 18% Consumer 3% 4-4Famiy Dev eloprrentBuider Lots 4-4 Famiy Mortgage & ~Constudion 37% $319M Commercial Land 8 ‘Constucion 2% Muliary 0% Portfolio Characteristics March 31, 2026 ot Tokal Portfolio 10.4% Ave
Slide 19: Consumer Portfolio Overview
MV Ser) Consumer Portfolio Overview Miscelaneous Unsecured & 18% Auto 36% $13M CDISavings Secured 35% Receatonal 13% Portfolio Characteristics March 31,2026 % of Total Partition 04% ‘Average Loan Size 10K INVEST: Nok: Since exiting te incirectauto ban origination business atthe end of 2016, the Bank
Slide 20: Allowance for Credit Losses
Sy Allowance for Credit Losses Ne) y Allowance for Credi ans (%) 138 1.26 116 121 147 2022 2023 2024 2025 202601 For the year end (Dollars in thousands) Allowance for Credit Losses: Beginning balance S$ 20859 $ 24364 S$ 30540 $6721 S28 349 ‘Alowance on WFB loans at acquisition - - - - 14,702 ‘ASC To
Slide 21: Asset Quality Trends
= ¢ s_\) Asset Quality Trends Ne Nonperforming Assets ($000s) NPAs | Assets (%) $23721 on 11.754 tien $12313 $12,635 i 1 202501 202502 20250: 202504 Net y Net Charge-offs /Avg. Loans (%) | -offs / Avg. Loans (%) Reserves / NPLs YS sReserves/NPLs(%) 0.00 0.00 0.00 c eas 1 4733 3559 P| (0.16) 202504 2
Slide 22: Deposit Portfolio — 1st Quarter 2026
i rr Deposit Portfolio — 1st Quarter 2026 —- Total deposits increased $882.6 million, or 37.6%, to $3.23 billion at March 31, 2026, compared to $2.35 billion at December 31, 2025. Interest-bearing Demand 23.0% Investar utilizes brokered time deposits, entirely in denominations of less than $250,000,
Slide 23: Financial Profile
=. Sy y Financial Profile For the three months ended Toval Assets $ 2513203 $ 2753807 $ 2815,155 $ 272812 $ 28B.0B $ 2.748.055 TotalLoans $ 187212 $ 2104767 $ 2210619 $ 2125084 $ 217STI_ $ 2106,355 $ 2.150.523 ‘Total Deposts $ 2120256 $ 2082965 $ 2255,727 $2345.94 $ 2350.9 $239,185 § 2372678 Loars/D
Slide 24: Appendix
APPENDIX
Slide 25: Tangible common equity reconciliation
5 in thousands, excep! er share data) Tangible common equity Totalstockhoters'equty Less: prefered stock Totalcommon stockholders’ equty ‘Adjustments: Goodval er intangibles Tangible common equty ‘Common shares oustanding Book value per common share “Tangible book value per common share Tangible ass
Slide 26: Non-GAAP Reconciliation (continued)
Ser) Non-GAAP Reconciliation (continued) Net Income S$ 5381 $ 6107 $ 629 $ 4494 $ 6179 $ 5938 $ 12024 Pus: (Reversal of) Provision for Credit Losses (945) (701) (35%) 141 139 75) (2,108) Pus: Income Tax Expense 784 1,161 4421 935 1,293 1,333 2,885 |Pre-Tax, Pre-Provision Net Income $ 5220 $ 6567 $ 4
Slide 27: Deposit interest rate reconciliation
Sy For the three months ended 3/31/2025 1273972025 Interest on Deposits S 14845 $ 14865 $ 15729 $ 16071 $ 1460 14,456 14728 $14,086 18710 Average interest-Bearing Deposts «1,805,569 «1,770,985 1,813,775 1,881,297 «1,887,715 1.896.474 © 1,919,377 1,917,020 2,682,652 ‘Average Noninterest-Bearing Depos
Slide 28: Non-GAAP Reconciliation (continued)
C= = S LZ) ) Non-GAAP Reconciliation (continued) For the three months ended (Cots in thousands) r 673072025 ‘93072025 4273112005 Net inerestincome $ ; Ss 1964 $253 $s $ 32.880 (Reversal of provision fr creditlosses ? ; 141 139 5) (2,108) Net interest income after (reversal of) provision for credit l
Slide 29: Core earnings per share reconciliation
Sy (Dollars in thousands, except per share data) ‘Core basic eamings per common share? Diluted earrings per common share (GAAP) Gain on callor sale ofinvestment securties, net Loss.on sale or disposition of fed assets, net (Gain) loss on sale ofother real estate owned, net Gain on sale ofloans Chang
Slide 30: Footnotes to core results
c= S a} ny 1 Al core results and core metrics for the quarter ended March 31, 2025 exclude $0.2 million of acquistion expense incurred during that quarter related to the Wichita Falls transadion. Those expenses were included in other operating expenses in the frst quarter 2025 disdosures. 2 Reversal
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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