Welcome to our dedicated page for Investar Holding news (Ticker: ISTR), a resource for investors and traders seeking the latest updates and insights on Investar Holding stock.
Corporate Overview
Investar Holding Corporation (NASDAQ: ISTR) is a US-based financial holding company headquartered in Baton Rouge, Louisiana. Through its wholly owned subsidiary, Investar Bank, National Association, the company delivers a comprehensive suite of community banking services. With a focus on both commercial and retail lending, Investar Holding is dedicated to providing a full range of financial products including deposit accounts, loan services, cash management solutions, and electronic transaction options. This robust portfolio enables the company to serve a diverse customer base that includes individuals, professionals, and businesses of varying sizes.
Core Business Segments
Investar Holding operates across several critical business lines that are essential for its market presence and financial sustainability. Key segments include:
- Commercial Lending: Offering a diverse range of loans designed for small- to medium-sized enterprises as well as large corporate clients. Its focus on underwriting high-quality credits supports community and commercial growth.
- Retail Banking: Providing personalized financial services for individual customers and households, including simplified deposit accounts, bill paying services, and electronic banking solutions.
- Deposit Products: Facilitating secure and flexible banking through various deposit products such as checking, savings, money market accounts, and time deposits. Innovative features include direct deposit services and automated teller machines with deposit automation.
- Cash Management and Electronic Transactions: Streamlining operations for both businesses and consumers with tailored services that improve the efficiency of daily financial transactions.
Market Position and Competitive Landscape
Investar Holding is deeply embedded in the regional economic fabric of Louisiana, Texas, and Alabama, where it supports local businesses, families, and communities by providing accessible financial services. It distinguishes itself from national competitors through a commitment to personalized service, operational efficiency, and a strategic focus on balance sheet optimization. The company leverages its community bank heritage to build trust and maintain strong customer relationships.
Operational Excellence and Risk Management
The company emphasizes a disciplined approach to risk management and operational efficiency. With rigorous credit quality measures and a focus on high-yield loan origination paired with lower-cost funding sources, Investar Holding ensures sustainable earnings and financial stability. Its systematic processes are designed to withstand economic fluctuations while maintaining a liability-sensitive balance sheet that adapts to changing market conditions.
Commitment to Customers and Community
At its core, Investar Holding remains committed to its community banking tradition. The company emphasizes a personalized approach to banking, where customers are treated with a blend of professional expertise and local insight. Whether through the convenience of in-branch services or innovative digital banking tools, the organization continuously evolves its offerings to meet the distinct needs of its customers, reinforcing its position as a trusted and accessible financial partner.
Expertise and Industry Recognition
Investar Holding sustains industry credibility by consistently delivering quality earnings and leveraging deep operational expertise. Through strategic initiatives focused on enhancing its asset mix and managing funding costs, the company not only demonstrates financial resilience but also a strong commitment to maintaining a competitive edge in the evolving banking landscape. Analysts and industry observers recognize its methodical approach to risk and its adaptation to market dynamics as key strengths that underpin its performance.
Investar Holding (Nasdaq: ISTR), the parent company of Investar Bank, National Association, has announced a quarterly cash dividend of $0.105 per share for its common stockholders. The dividend will be paid on April 30, 2025, to shareholders of record as of March 31, 2025.
This marks the company's 46th quarterly dividend payment, building upon a consistent dividend history that includes 11 uninterrupted quarterly cash dividends previously paid by Investar Bank.
Investar Holding (NASDAQ:ISTR) announced its Q4 2024 financial results, reporting net income of $6.1 million ($0.61 per diluted share), up from $5.4 million ($0.54 per share) in Q3 2024 and $3.5 million ($0.36 per share) in Q4 2023.
Key highlights include:
- Return on average assets increased to 0.88% from 0.77% in Q3 2024
- Efficiency ratio improved to 71.00% from 75.61% in Q3 2024
- Total loans decreased by $30.8 million to $2.13 billion
- Total deposits increased by $58.5 million to $2.35 billion
- Credit quality remained solid with nonperforming loans at 0.42% of total loans
- Net interest margin was 2.65%, slightly down from 2.67% in Q3 2024
The company received $5.5 million in BOLI death benefit proceeds and redeemed $20 million in subordinated debt. The bank also repaid $109 million in borrowings under the Bank Term Funding Program, contributing to a decrease in overall cost of funds to 3.49%.
Investar Holding (Nasdaq: ISTR) has announced a quarterly cash dividend of $0.105 per share for its common stock shareholders. The dividend will be paid on January 31, 2025, to shareholders of record as of December 31, 2024. This marks the company's 45th quarterly dividend payment, continuing a tradition that follows 11 consecutive quarterly cash dividends previously paid by Investar Bank, National Association.
Investar Holding (NASDAQ:ISTR) reported a net income of $5.4 million for Q3 2024, translating to $0.54 per diluted share, up from $4.1 million ($0.41 per share) in Q2 2024 and $2.8 million ($0.28 per share) in Q3 2023. Core earnings per share were $0.45, compared to $0.36 in Q2 2024 and $0.33 in Q3 2023.
Key metrics improved: net interest margin rose to 2.67%, book value per share increased to $24.98, and tangible book value per share reached $20.73. Nonperforming loans decreased to $4.1 million (0.19% of total loans). The company also repurchased 2,000 shares at an average price of $18.50 and raised its quarterly dividend by 5%.
Total loans decreased by $10.9 million to $2.16 billion, with a significant portion being variable-rate loans. Deposits grew by $77.2 million to $2.29 billion. Net interest income was $17.9 million, up 3.8% from Q2 2024. Noninterest income increased by $0.8 million to $3.5 million, driven by a $1.1 million legal settlement.
Investar Holding (Nasdaq:ISTR), the parent company of Investar Bank, National Association, has announced a quarterly cash dividend of $0.105 per share for its common stockholders. This dividend represents a 5% increase compared to the previous quarter. The dividend will be payable on October 31, 2024, to shareholders of record as of September 30, 2024. This marks the 44th consecutive quarterly dividend paid by the Company, following 11 uninterrupted quarterly cash dividends paid by the Bank. The announcement demonstrates Investar's commitment to providing consistent returns to its shareholders and signals confidence in the company's financial stability.
Investar Holding (NASDAQ: ISTR) announced its Q2 2024 results, reporting a net income of $4.1 million or $0.41 per diluted share, down from $4.7 million or $0.48 per diluted share in Q1 2024, and $6.5 million or $0.67 per diluted share in Q2 2023. Core earnings were $0.36 per diluted share, compared to $0.43 in Q1 2024 and $0.67 in Q2 2023.
The net interest margin increased to 2.62% from 2.59% in Q1 2024. The company’s loan portfolio yield rose to 5.96% in Q2 2024 from 5.89% in Q1 2024. Investar repurchased $7 million in subordinated debt, gaining $0.3 million, and 6,096 shares of its own stock at an average price of $15.25 per share.
Total loans declined by $13.8 million or 0.6% sequentially but increased by $81.9 million or 3.9% annually. Deposits grew by $2.4 million sequentially and $29.3 million annually. Nonperforming loans improved to 0.23% of total loans from 0.26% in Q1 2024.
On July 1, 2024, Investar Holding (Nasdaq: ISTR) rejoined the Russell 3000® Index, as announced by the company. This inclusion follows the annual reconstitution of the Russell U.S. Indexes, which ranks the 4,000 largest U.S. stocks by market capitalization as of April 30th. Membership in the Russell 3000® Index also entails automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as the relevant growth and value style indexes.
John D'Angelo, President, and CEO of Investar, noted that rejoining the index will enhance stock liquidity and boost the company's visibility among investment managers and institutional investors. As of December 2023, approximately $10.5 trillion in assets are benchmarked against the Russell U.S. indexes, which are managed by FTSE Russell, a global index provider.
Investar Holding (NASDAQ: ISTR), the parent company of Investar Bank, National Association, has announced a quarterly cash dividend of $0.10 per share. The dividend will be paid on July 31, 2024, to shareholders on record as of July 1, 2024.
This marks the 43rd consecutive quarterly dividend by Investar Holding , following 11 uninterrupted quarterly cash dividends paid by Investar Bank.
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