Investar Holding Corporation · NASDAQ:ISTR

Investar — Q1 2021 Earnings Presentation

15 slides from Investar's earnings presentation, 2021

  1. Slide 1: Financial Information 1st Quarter 2021

    NASDAQ: ISTR Financial Information 1st Quarter 2021

  2. Slide 2: Disclosures and Disclaimers

    Disclosures and Disclaimers This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect current views of Investar Holding Corporation (the “Company”) with respect to, among other things, future events and financial

  3. Slide 3: Our Company

    Our Company Investar Holding Corp. 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 service, c

  4. Slide 4: Financial Highlights – 1st Quarter 2021

    Financial Highlights – 1st Quarter 2021 Tangible Book Value2 Growth 1st Quarter Results  Increased by $0.83 during the 1st quarter to $20.72 per share, representing an Balance Sheet (in thousands) increase of 4.2% versus the 4th quarter of 2020 and 12.7% year-over-year Assets $2,407,956  Repurchas

  5. Slide 5: Creating Shareholder Value

    Creating Shareholder Value Tangible Book Value Per Share1 $22.00 $20.72 $19.89 $20.00 $18.79 $18.00 $17.13 TBV per Share1 ($) $16.06 $16.00 $15.42 $14.62 $14.00 $12.00 $10.00 2015 2016 2017 2018 2019 2020 1Q 2021 1 Non-GAAP financial measure; please see appendix for additional details 5

  6. Slide 6: Recent Earnings Performance

    Recent Earnings Performance Net Income ($000) Net Income Earnings PerShare Earnings Per Share $5,360 $0.51 $4,467 $4,540 $4,274 $0.41 $0.42 $0.39 $608 $0.05 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 ROAA (%) NetNet Interest Margin(%)(%) Interest Margin 0.92 0.77 0.78 0.74

  7. Slide 7: Continued Execution of Acquisition Strategy

    Continued Execution of Acquisition Strategy Investar Has Completed 7 Whole Bank Acquisitions and 1 Branch Transaction 2011 South LA Business Bank (LA) 2017 BOJ Bancshares (LA) Total Assets: 2019 $2.4 Billion 2013 Bank of York (AL) First Community Bank (LA) 2017 2021 2019 Citizens Cheaha Financial Ba

  8. Slide 8: Loan Portfolio – 1st Quarter Update

    Loan Portfolio – 1st Quarter Update  Loan yield of 4.72%, an increase of 0.02% versus the 4th quarter Multifamily Farm 1.3% of 2020 3.3% Owner-  Total Paycheck Protection Program loans of $106.6 million, an 1-4 Family Occupied Residential Commercial increase of $12.1 million compared to the 4th qu

  9. Slide 9: Loan Loss Reserve Detail

    Loan Loss Reserve Detail Loan Loss Reserves / Gross Loans (%) 1.09 1.11 0.67 0.63 0.63 2017Y 2018Y 2019Y 2020Y 2021Q1 For the Year Ended For the Quarter Ended (Dollars in Thousands) 12/31/2017 12/31/2018 12/31/2019 12/31/2020 3/31/2021 Loan Loss Reserve ($000) Loan Loss Reserve - Beginning $7,051 $7

  10. Slide 10: Asset Quality Trends

    Asset Quality Trends Nonperforming Assets ($000s) NPAs / Assets (%) 16,390 14,490 0.68 13,121 12,452 0.62 0.56 0.54 7,633 0.35 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 Net Charge-offs / Avg. Loans (%) Reserves / NPLs (%) 188.4 153.8 147.3 137.3 127.6 0.06 0.02 0.01 0.01

  11. Slide 11: Deposit Transformation

    Deposit Transformation Deposit Mix at March 31, 2020 Deposit Mix at March 31, 2021 Brokered Money 4.0% Market Savings Interest- 11.4% 6.8% bearing Demand Interest-bearing One Year 28.1% Money Market Demand 21.9% Transformation 10.0% Savings 7.7% Noninterest- Noninterest- Time bearing bearing 40.2% D

  12. Slide 12: Appendix

    APPENDIX

  13. Slide 13: Non-GAAP Reconciliation

    Non-GAAP Reconciliation (Dollars in thousands, except per share data) As of December 31, As of March 31, 2015 2016 2017 2018 2019 2020 2021 Tangible Common Equity: Total Stockholders' Equity $ 109,350 $ 112,757 $ 172,729 $ 182,262 $ 241,976 $ 243,284 $ 248,251 Adjustments: Goodwill (2,684) (2,684) (

  14. Slide 14: Non-GAAP Reconciliation

    Non-GAAP Reconciliation (Dollars in thousands, except per share data) For the Three Months Ended 3/31/2019 6/30/2019 9/30/2019 12/31/2019 3/31/2020 6/30/2020 9/30/2020 12/31/2020 3/31/2021 Interest on Deposits $4,106 $4,684 $5,198 $5,319 $5,032 $4,190 $3,404 $2,750 $2,302 Interest-Bearing Deposits $

  15. Slide 15: Slide 15

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