Investar Holding Corp (OQ:ISTR)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 10500 Coursey Blvd
BATON ROUGE LA 70816-4045
Tel: N/A
IR: See website
Key People
William H. Hidalgo
Chairman of the Board
John J. D'Angelo
President, Chief Executive Officer, Director
Ryan P. Finnan
President - Consumer and Business Banking , Executive Vice President
Christopher L. Hufft
Chief Financial Officer, Executive Vice President
Dane M. Babin
Chief Operating Officer, Executive Vice President of the Company and the Bank
Rachel P. Cherco
Executive Vice President, Chief Accounting Officer, Treasurer
Randolf F. Kassmeier
Executive Vice President, General Counsel
Travis M. Lavergne
Executive Vice President, Chief Credit Officer
Business Overview
Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals. It serves its primary markets of Baton Rouge, New Orleans, Hammond and Lafayette, Louisiana, and their surrounding metropolitan areas from its office located in Baton Rouge. It operates through 24 branches. The Bank's other banking services include cashiers' checks, direct deposit of payroll and Social Security checks, night depository, bank-by-mail, automated teller machines with deposit automation and debit cards. The Company's business lending products include owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment financing and lines of credit.
Financial Overview
For the fiscal year ended 31 December 2019, Investar Holding Corp interest income increased 21% to $89.4M. Net interest income after loan loss provision increased 15% to $62.9M. Net income before extraordinary items increased 21% to $16.8M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 21% to $81M, Interest on investment securities increase of 13% to $7.4M, Other Interest Income increase of 97% to $1M.
Employees: 255 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $258.80M as of Dec 31, 2019
Annual revenue (TTM): $89.44M as of Dec 31, 2019
EBITDA (TTM): $31.83M as of Dec 31, 2019
Net annual income (TTM): $16.84M as of Dec 31, 2019
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $27.95M as of Dec 31, 2019
Shares outstanding: 11,228,775 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization