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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41,31198,35135,36844,30817,13430,421
Cash and cash equivalents40,06696,54135,36844,30817,13430,421
Short-term investments1,2451,810    
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:41,31198,35135,36844,30817,13430,421
Noncurrent Assets
Operating lease, right-of-use asset   3,900 
Property, plant and equipment49,58758,080(15,830)(12,432)40,22937,540
Intangible assets, net (including goodwill), including:43,14744,03632,23231,03519,78719,926
Goodwill 40,10040,10028,100   
Intangible assets, net (excluding goodwill) 3,0593,9484,0884,9032,3632,840
Other undisclosed intangible assets, net (including goodwill)(12)(12)4426,13217,42417,086
Deferred income tax assets16,4382,2391,360 
Total noncurrent assets:109,172104,35521,66218,60360,01657,466
Other undisclosed assets2,603,3242,310,4972,264,1512,086,0051,709,3191,534,847
TOTAL ASSETS:2,753,8072,513,2032,321,1812,148,9161,786,4691,622,734
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt333,5005,7835,6532,9951,99921,935
Total current liabilities:333,5005,7835,6532,9951,99921,935
Noncurrent Liabilities
Other undisclosed liabilities2,204,5252,264,8222,072,2441,903,9451,602,2081,428,070
Total liabilities:2,538,0252,270,6052,077,8971,906,9401,604,2071,450,005
Equity
Equity, attributable to parent215,782242,598243,284241,976182,262172,729
Common stock9,90210,34310,60911,2299,4849,515
Additional paid in capital146,587154,932159,485168,658130,133131,582
Accumulated other comprehensive income (loss)(48,913)1,1631,8051,891(3,076)(1,571)
Retained earnings108,20676,16071,38560,19845,72133,203
Total equity:215,782242,598243,284241,976182,262172,729
TOTAL LIABILITIES AND EQUITY:2,753,8072,513,2032,321,1812,148,9161,786,4691,622,734

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues93,41090,42987,36580,95469,13548,630
Net investment income93,37390,23087,36580,95466,75047,863
Cost of revenue(2,922)(22,885)(11,160)(1,908)(2,570)(1,540)
Provision for loan, lease, and other losses(2,922)(22,885)(11,160)(1,908) 
Financial services costs(2,570)(1,540)
Gross profit:90,48867,54476,20579,04666,56547,090
Operating expenses(13,244)(15,569)(12,827)(11,209)(34,125)(24,631)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,6802,1944,9611,3725211,120
Operating income:79,92454,16968,33969,20932,96123,579
Nonoperating income1,3141,141894703628 
Bank owned life insurance income1,3051,146894703628 
Interest and debt expense(15,006)(11,728)(20,260)(24,625)(16,521)(10,829)
Income from continuing operations before equity method investments, income taxes:66,23243,58248,97345,28717,06812,750
Other undisclosed income (loss) from continuing operations before income taxes(21,884)(33,673)(31,634)(24,329)168(300)
Income from continuing operations before income taxes:44,3489,90917,33920,95817,23612,450
Income tax expense(8,639)(1,909)(3,450)(4,119)(3,630)(4,248)
Income from continuing operations:35,7098,00013,88916,83913,6068,202
Income before gain (loss) on sale of properties:8,00013,88916,83913,6068,202
Net income attributable to parent:35,7098,00013,88916,83913,6068,202
Other undisclosed net loss available to common stockholders, basic(33)(21)(73)(164)(192)(110)
Net income available to common stockholders, basic:35,6767,97913,81616,67513,4148,092
Other undisclosed net income available to common stockholders, diluted    13 
Net income available to common stockholders, diluted:35,6767,97913,81616,67613,4178,092

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:35,7098,00013,88916,83913,6068,202
Other comprehensive income (loss) (1,151)(1,396)610(14)(1,505)500
Comprehensive income:34,5586,60414,49916,82512,1018,702
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(48,925)754(696)4,981  
Comprehensive income (loss), net of tax, attributable to parent:(14,367)7,35813,80321,80612,1018,702

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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