Investar Holding Corp (OQ:ISTR)

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
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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

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