Investar Holding Corporation · NASDAQ:ISTR
Investar — Investor Presentation (November 2014)
22 slides from Investar's investor presentation, Nov 21, 2014
Slide 1: Investor Presentation
NASDAQ: ISTR Investor Presentation November 21, 2014 Exhibit 99.1
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon current expectations and assumptions about our business that are subject to a variety of risks and u
Slide 3: Senior Management
John J. D’Angelo, President & CEO Christopher L. Hufft, Chief Accounting Officer Travis M. Lavergne, Chief Credit Officer Senior Management • Founding President and Chief Executive Officer • New Orleans native; graduate of Louisiana State University • Prior to founding Investar, Mr. D’Angelo was pre
Slide 4: Accomplishments to Date
Key Areas Staffed with Experienced Bankers Very Strong Growth Complemented by Two Successful Acquisitions High Quality Organic Loan Portfolio Nimble Institution Able to Shift Resources as Customers’ Demands Change Firmly Established in Four Key Louisiana Markets Completed Initial Public Offering of
Slide 5: Franchise Overview
Franchise History Branch Map Current Franchise Overview June – Chartered with aninitial capitalization of $10.1 million 2H – Opened two additional branches in Baton Rouge Market May – Entered the Hammond market through the acquisition of First Community Bank June 2006 October 2011 October 1, – Acqui
Slide 6: Financial Highlights
Year Ended December 31, Nine Months Ended 2012 2013 9/30/2014 Financial Highlights (1) Efficiency ratio is a non-GAAP financial measure Note: Gross loans includes loans held for sale (HFS) Dollar values in thousands except share data Financial Highlights Total Assets $375,446 $634,946 $784,597 Gross
Slide 7: Current Strategy
Current Strategy • Management – Continue to add experienced bankers in new and existing markets • Market – Southern Louisiana focus with complementary new market expansion • Growth – Leverage existing infrastructure in four markets – Limited de novo branching – Opportunistic, disciplined acquisition
Slide 8: Growth Has Been the Story
Total Assets Gross Loans Growth Has Been the Story FCB Acquisition FCB Acquisition SLBB Acquisition SLBB Acquisition Note: Grey shading denotes the marked value of acquired assets and loans on date of the respective acquisitions of South Louisiana Bank (closed on October 1, 2011) and First Community
Slide 9: Loan Composition
2007 2014 Q3 Business Lending Portfolio² Loan Composition Total Loans¹: $581.4 million Total Loans¹: $53.9 million (1) Total loans includes gross loans less loans held for sale (2) Business lending portfolio includes Owner Occupied CRE and C&I loans as of September 30,
Slide 10: Credit Metrics
NPAs / Total Loans + OREO NCOs / Average Loans 2012 Credit Metrics Peers¹ Investar Peers¹ Investar (1) Peer group consists of UBPR peers produced by the FFIEC and defined by a combination of asset size, number of branches and location in a Metropolitan Statistical Area
Slide 11: Disciplined Lending
Reserves / Total Loans¹ , ² Reserves / NPLs Provision Expense / NCOs Ex Acquired NPLs Disciplined Lending • Reserves / Total Loans¹ , ²: 0.74% • Reserves / (Total Loans¹ – Acquired): 0.81% • (Reserves + FV Marks) / Total Loans¹ , ²: 0.90% (1) Total loans excludes loans held for sale and allowance fo
Slide 12: Auto Portfolio
Auto Portfolio • Core competency • 19.8% of the loan portfolio, net of HFS • Program began early 2008 • Hired an experienced team from Capital One and have added experienced personnel, most recently from Chase • Long-term relationships with auto dealers • Non-exclusive relationships with dealerships
Slide 13: Auto Portfolio – By the Numbers
Auto Charge-offs Average Auto Loans Year Ended December 31, Nine Months Ended 2009 2010 2011 2012 2013 2013 Q3 2014 Q3 Auto Portfolio – By the Numbers • As of September 30, 2014: – 19.8% of loan portfolio, net of HFS – 69 month average original term – 3.57% average yield – 736 average FICO score – 0
Slide 14: Deposit Composition and Growth
Deposit Composition ¹ ($621.6 million) Total Deposits 2009 - Present Deposit Composition and Growth • Strategy has been to bring in customers through competitive rates, then implement an aggressive cross-sell strategy (1) As of September 30, 2014
Slide 15: Performance Metrics
Net Interest Margin Expense Ratios Year Ended, 2009 2010 2011 2012 2013 2014 Q3 Performance Metrics Employees Locations (1) Efficiency ratio is a non-GAAP financial measure (2) Represents annualized Q3 2014 data
Slide 16: Profitability
Pre-Tax Income Profitability +120% +37% +29% +123% +24%
Slide 17: Opportunistic Acquirer
South Louisiana Business Bank First Community Bank Current Landscape Opportunistic Acquirer • Two whole bank transactions since 2011 • Processes and infrastructure established to analyze selective opportunities going forward • Announced: June, 2011 • Closed: October, 2011 • 1 Branch in Prairieville,
Slide 18: Investment Highlights
Investment Highlights • Strong historical balance sheet and earnings growth • Meaningful organic opportunities exist in market • Profitable with room to grow into current infrastructure • Clean asset quality • Experienced management team • Experienced, disciplined acquirer • Committed level of insid
Slide 19: Appendix
Appendix
Slide 20: Slide 20
Slide 21: Per Share Growth
TBV / Share Diluted EPS Per Share Growth
Slide 22: Non-GAAP Financial Measures
Year Ended December 31, Nine Months Ended 2009 2010 2011 2012 2013 2013 Q3 2014 Q3 Non-GAAP Financial Measures Tangible book value per share, the ratio of tangible equity to tangible assets, and the efficiency ratio are not financial measures recognized under GAAP and, therefore, are considered non-
Investar Holding — Investor Presentation (November 2014) on 6ix