Investar Holding Corporation (ISTR) Financial Statements (2024 and earlier)

Company Profile

Business Address 10500 COURSEY BLVD
BATON ROUGE, LA 70816
State of Incorp. LA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66,91332,53441,31138,14552,61093,084
Cash and cash equivalents65,77931,29340,06636,01350,45091,475
Short-term investments1,1341,2411,2452,1322,1601,609
Financing receivable, accrued interest, after allowance for credit loss11,00011,000    
Total current assets:77,91343,53441,31138,14552,61093,084
Noncurrent Assets
Operating lease, right-of-use asset    3,0003,1003,200
Property, plant and equipment45,92547,69849,58750,32751,29655,204
Intangible assets, net (including goodwill), including:42,67742,86443,14743,36043,58043,804
Goodwill   40,100   
Intangible assets, net (excluding goodwill)   3,059   
Other undisclosed intangible assets, net (including goodwill)42,67742,864(12)43,36043,58043,804
Deferred income tax assets17,65816,43416,43816,58711,5066,600
Total noncurrent assets:106,260106,996109,172113,274109,482108,808
Other undisclosed assets2,569,5012,601,1392,603,3242,510,2752,428,5152,370,816
TOTAL ASSETS:2,753,6742,751,6692,753,8072,661,6942,590,6072,572,708
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt235,800 333,500 1471,305
Total current liabilities:235,800 333,500 1471,305
Noncurrent Liabilities
Other undisclosed liabilities2,299,5172,533,2112,204,5252,455,9942,371,0912,337,746
Total liabilities:2,535,3172,533,2112,538,0252,455,9942,371,2382,339,051
Equity
Equity, attributable to parent218,357218,458215,782205,700219,369233,657
Common stock9,8319,9019,9029,90110,02510,310
Additional paid in capital145,347146,027146,587146,155148,230153,531
Accumulated other comprehensive loss(49,165)(44,250)(48,913)(50,603)(32,774)(15,571)
Retained earnings112,344106,780108,206100,24793,88885,387
Total equity:218,357218,458215,782205,700219,369233,657
TOTAL LIABILITIES AND EQUITY:2,753,6742,751,6692,753,8072,661,6942,590,6072,572,708

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues31,89430,62325,95823,92421,76921,759
Net investment income31,89430,54925,95823,92421,76521,726
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (388)(1,268)(1,162)(941) 
Gross profit:31,89430,23524,69022,76220,82821,759
Operating expenses(2,855)(4,512)(3,367)(3,405)(3,643)(2,829)
Other operating income, net
(Noninterest Income, Other Operating Income)
6844874601,056584580
Operating income:29,72326,21021,78320,41317,76919,510
Nonoperating income358194348391242333
Gains (losses) on sales of other real estate5(142)250(84)41
Bank owned life insurance income353336346341326292
Interest and debt expense(14,009)(10,804)(6,853)(3,535)(2,572)(2,046)
Income from continuing operations before equity method investments, income taxes:16,07215,60015,27817,26915,43917,797
Other undisclosed loss from continuing operations before income taxes(8,016)(10,914)(4,499)(8,266)(3,576)(5,094)
Income from continuing operations before income taxes:8,0564,68610,7799,00311,86312,703
Income tax expense(1,509)(874)(1,881)(1,699)(2,459)(2,600)
Income from continuing operations:6,5473,8128,8987,3049,40410,103
Income before gain (loss) on sale of properties:7,3049,40410,103
Net income attributable to parent:6,5473,8128,8987,3049,40410,103
Other undisclosed net loss available to common stockholders, basic  (1)(6)(5)(7)(16)
Net income available to common stockholders, diluted:6,5473,8118,8927,2999,39710,087

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:6,5473,8128,8987,3049,40410,103
Other comprehensive loss     (308)(843)
Comprehensive income:6,5473,8128,8987,3049,0969,260
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,915)4,6631,690(17,829)(16,895)(15,891)
Comprehensive income (loss), net of tax, attributable to parent:1,6328,47510,588(10,525)(7,799)(6,631)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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