Wed, May 7, 8:13 PM (10 days ago)
**Investar Holding Corporation (ISTR) - Q1 2025 Financial Summary** **Company Overview:** - **Ticker:** ISTR - **Full Name:** Investar Holding Corporation - **Primary Markets:** South Louisiana, Southeast Texas, and Alabama - **Branches:** 29 full-service branches (20 in Louisiana, 3 in Texas, 6 in Alabama) - **Employees:** 329 full-time equivalents **Q1 2025 Financial Performance:** - **Net Income:** $6.3 million (up from $4.7 million in Q1 2024) - **Earnings per Share (EPS):** - Basic: $0.64 (up from $0.48) - Diluted: $0.63 (up from $0.48) - **Return on Average Assets (ROAA):** 0.94% (up from 0.68%) - **Return on Average Equity (ROAE):** 10.31% (up from 8.28%) - **Book Value per Common Share:** $25.63 (up from $24.55) **Balance Sheet Highlights (as of March 31, 2025):** - **Total Assets:** $2.73 billion (up from $2.72 billion) - **Total Loans:** $2.11 billion (down from $2.13 billion) - **Total Deposits:** $2.35 billion (up from $2.35 billion) - **Stockholders' Equity:** $251.7 million (up from $241.3 million) **Income Statement Highlights (Q1 2025 vs. Q1 2024):** - **Net Interest Income:** $18.3 million (up from $17.2 million) - **Provision for Credit Losses:** -$3.6 million (negative, down from -$1.4 million) - **Noninterest Income:** $2.0 million (down from $2.7 million) - **Noninterest Expense:** $16.2 million (up from $15.3 million) - **Income Tax Expense:** $1.4 million (flat) - **Net Income:** $6.3 million (up from $4.7 million) **Key Ratios:** - **Net Interest Margin:** 2.87% (up from 2.59%) - **Nonperforming Loans:** 0.27% of total loans (up from 0.26%) - **Allowance for Credit Losses (ACL) to Total Loans:** 1.25% (down from 1.26%) - **ACL to Nonperforming Loans:** 473.3% (down from 515.4%) **Liquidity and Capital:** - **Liquidity Sources:** Cash, investment securities, FHLB advances, repurchase agreements - **Capital Ratios (as of March 31, 2025):** - Tier 1 Leverage Ratio: 10.03% - Common Equity Tier 1 Capital Ratio: 12.14% - Tier 1 Capital Ratio: 12.14% - Total Capital Ratio: 13.29% **Outlook and Strategy:** - **Near-Term Strategy:** Focus on consistent, quality earnings through balance sheet optimization - **Long-Term Strategy:** Organic growth through high-quality loans and strategic acquisitions - **Challenges:** Managing interest rate risk, liquidity risk, and credit risk in a changing economic environment **Summary:** Investar Holding Corporation reported strong Q1 2025 results, with notable improvements in net income, earnings per share, and return on assets. The company continues to optimize its balance sheet and focus on high-quality earnings, while navigating challenges related to interest rates, liquidity, and credit risk. The outlook remains positive, with a focus on organic growth and strategic acquisitions.