Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 10500 Coursey Blvd, Third Floor BATON ROUGE LA 70816 |
Tel: | N/A |
Website: | https://www.investarbank.com |
IR: | See website |
Key People | ||
John J. D'Angelo President, Chief Executive Officer, Director | John R. Campbell Chief Financial Officer, Executive Vice President | Linda M. Crochet Chief Operating Officer, Executive Vice President | Jeffrey W. Martin Executive Vice President, Chief Credit Officer |
Business Overview |
Investar Holding Corporation is a financial holding company that conducts its operations primarily through its subsidiary, Investar Bank, National Association (the 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. Its 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, while its loans to individuals include first and second mortgage loans, installment loans, and lines of credit. It offers a base of deposit products and services to individual and business clients, including savings, checking, and money market accounts, as well as a variety of certificates of deposit and individual retirement accounts. It also offers debit cards, Internet banking, direct deposit of payroll and social security checks. |
Financial Overview |
For the fiscal year ended 31 December 2023, Investar Holding Corp interest income increased 27% to $133.2M. Net interest income after loan loss provision decreased 12% to $76.5M. Net income applicable to common stockholders decreased 53% to $16.7M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 23% to 2.83%. Net income also reflects Interest on Deposits increase from $6.3M to $42.1M (expense). |
Employees: | 320 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $193.72M as of Dec 31, 2023 |
Annual revenue (TTM): | $133.20M as of Dec 31, 2023 |
EBITDA (TTM): | $40.82M as of Dec 31, 2023 |
Net annual income (TTM): | $16.68M as of Dec 31, 2023 |
Free cash flow (TTM): | $21.33M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $33.30M as of Dec 31, 2023 |
Shares outstanding: | 9,781,946 as of Mar 4, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |