Investar Holding Corporation · NASDAQ:ISTR
Investar — Q3 2021 Earnings Presentation
18 slides from Investar's earnings presentation, Nov 12, 2021
Slide 1: Brilliant Banking: Financial Information 3rd Quarter 2021
BRILLIANT BANKING NASDAQ: ISTR Financial Information 3"4 Quarter 2021
Slide 2: Disclosures and Disclaimers
Disclosures and Disclaimers This presentation may contain forvarcHocking statements within the meaning of the Private Secures Litigation Reform Act of 1905 that reflect curent views of Investar Holding Corporation nd fiance performance, The Company generally idenfiesforwercocking statements by terri
Slide 3: Our Company
Our Company Investar Holding Corp. is the Bank Holding Company for Investar Bank Headquartered in Baton Rouge, LA Mission Investar is a dynamic full service community bank focused on relationships that create value and opportunities for our customers, employees, shareholders and the community served
Slide 4: Financial Overview — 3rd Quarter 2021
Financial Overview — 3 Quarter 2021 Tangible Book Value? 3rd Quarter Results * Decreased by $1.25 during the 3° quarter to $18 57 per share Balance Sheet fn ousands = Reduction primarily attributed to $21.6 milion impairment related to a borrower that Assets $2,696,048 suffered an interruption to bu
Slide 5: Leadership Team
Leadership Team John J. D’Angelo, President & Chief Executive Officer = Founding President and Chief Executive Officer = Prior to founding Investar, Mr. D'Angelo was president and director of Aegis Lending Corporation, a mortgage lending company with operations in 46 states and the District of Colum
Slide 6: Corporate Culture
Corporate Culture Integrity Neighborly Visionary Empowerment Star Service Team Focused Accountable Responsive INVESTAR IS a dynamic full service community bank focused on relationships that create value and opportunities for our customers, employees, shareholders and the community served
Slide 7: Creating Shareholder Value
eating Shareholder Value $20.00 sm 18.79 sor $18.00 $17.19 $16.06 $16.00 TBV per Share! (§) $1400 $1200 $10.00 2015 2016 2017 2018 2019 2020 202103 * Non-GAAP financial measur; please soe appends or adstional detais
Slide 8: Recent Earnings Performance
cent Earnings Performance Net Income ($000) Earnings Per Share (Diluted) a : [| 7 ” P| [| 2003 nme net m202 702103) 92003 mmo wnat 2102 02103 ROAA (%) Net Interest Margin (%) agg tomas mmmas maar mmn1a2 z0n103
Slide 9: Continued Execution of Acquisition Strategy
Continued Execution of Acquisition Strategy Investar Has Completed 7 Whole Bank Acquisitions and 1 Branch Transaction 2011 South LA 2017 y be basot Business Bank (LA) faitnataestt) | .7 Billion 201 3 Bank of York (AL) First Community Bank (LA) il 2017 ey 2019 ue Mainland Bank (TX) 2021 Cheaha Financ
Slide 10: Loan Portfolio - 3rd Quarter Update
Loan Portfolio - 3 Quarter Update ‘Owmer-Occupied ‘Commercial Real Estate 80% = Loan yield of 4.79% = Total Paycheck Protection Program loans of $41.9 million = Excluding PPP loans, Oil & Gas loans made up 2.4% of the total loan portfolio as of the most recent quarter * Food Services, Hospitality an
Slide 11: Loan Loss Reserve Detail
Loan Loss Reserve Detail oan Loss Reserves / Gross Loans (%) 108 108 0.63 _ 0.63 any aoinv 18y ay moma For the Year Ended Loan Loss Reserve ($000) Loan Loss Reserve - Beginning $7,051 $7891 $9,454 10700 $20,446 ‘Charge-ofs & Ad. 764 1,185 800 1,754 21,664 Recoveries 65 178 87 27 3 Provision 41540 25
Slide 12: Asset Quality Trends
set Quality Tren Nonperforming Assets ($000s) NPAs | Assets (%) 33,600 125 72889 tint 18,989 ase 084 12452 [| tsk os2 22003 202004 moni 202102 2ia3 202008 202004 22a nica 207103 Net Charge-offs / Avg. Loans (%) Reserves | NPLs (%) = 3 ‘a 78 24 005 02 oot —— 000 202003 mo2004 2o2tat ronica 2103, 2003
Slide 13: Deposit Transformation
Deposit Transformation Deposit Mix at September 30, 2020 One Year — erly Lookback sends) 201904 202001 2 207004 202101 202102 jeposit Mix at September 30, 2021 Brokered 34% 202103 Noninterestbearing Demand $351,905 $330,379 $469005 $457,070 $448,230 $515,487 $58,100 $507,452 Inerestbearing Demand 33
Slide 14: Appendix
APPENDIX
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation (Dollars in thousands, except per share deta) Asof December3t ‘As of September 30 2017 2018 2018 202 Tenabie Common Tota Stockholders’ Equity S$ 109.350 $ 112,757 S$ 172729 S$ 182,262 $ 241,976 S$ 243,284 s 236,324 Adusents Goodall (2604) ese) (1700) 428) 6.132) ———(8082) (40
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation (Dollars in thousands) Forthe Three Months Ended 3131/2020 6/30/2020 9/30/2020 12131/2020 3131/2021 6/30/2021 9/30/2021 Netlncome $ 608 § 4274 § 4467 § 4540 $ 5960 $ 5688 § (9.984) Less: Provision Expense (3760) (2500) (2500) (2.400) (400) (14) 713) Less: Tax Expense (149) (1
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation (Dollars in thousands) For the Three Months Ended 1ae1a019 3161/2020 6/30/2020 7302020 1276112020, 3191/2020 ers0re024 9730/2021 Interest on Deposits $5319 $5,032 $4,190 $3404 $2750 $2302 2114 1854 InlerestBeating Deposits $1255801 $1,380,447 $1,420,403 © «$1.982979—«$1,43959
Slide 18: Slide 18