ISTR

MKT CAP:$299M

Investar Holding Corporation

Market Cap

$299M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$27.40+$1.19 (+4.54%)

Apr 24, 2026

Company Details

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals and small to medium-sized businesses in South Louisiana. The company offers various depo...

CEO

John Joseph D'Angelo

IPO Date

Jul 1, 2014

Website

www.investarbank.com

Key Metrics TTM

Revenue

$170M

+9.9% YoY

Net Income

$29M

EPS (Diluted)

$2.22

Free Cash Flow

$17M

Revenue / Share

$11.40

Gross Margin

60.1%

Operating Margin

17.6%

Net Margin

16.8%

FCF Margin

9.9%

P/S

1.8x

P/E

10.4x

Earnings Reports

Q1 2026

Apr 20, 2026

NEW

$53M+46.0%EPS $0.77

FY 2025

Mar 16, 2026

$153M-1.9%EPS $2.08

Q4 2025

Mar 16, 2026

$39M-4.2%EPS $0.51

Q3 2025

Nov 5, 2025

$40M+2.1%EPS $0.49

Q2 2025

Aug 6, 2025

$38M-1.4%EPS $0.45

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$31M	$28M	$12M
Q3 22	$30M	$25M	$9M
Q4 22	$33M	$25M	$11M
Q1 23	$33M	$22M	$5M
Q2 23	$35M	$23M	$8M
Q3 23	$35M	$20M	$3M
Q4 23	$38M	$20M	$4M
Q1 24	$38M	$21M	$6M
Q2 24	$39M	$20M	$5M
Q3 24	$39M	$21M	$6M
Q4 24	$41M	$23M	$7M
Q1 25	$36M	$24M	$8M
Q2 25	$38M	$22M	$5M
Q3 25	$40M	$24M	$7M
Q4 25	$39M	$23M	$7M
Q1 26	$53M	$33M	$10M

Valuation

Quarter	P/S	P/E
Q2 22	1.9x	13.5x
Q3 22	1.7x	5.9x
Q4 22	1.7x	6.0x
Q1 23	1.0x	4.5x
Q2 23	0.9x	4.4x
Q3 23	0.7x	4.6x
Q4 23	1.1x	9.6x
Q1 24	1.1x	9.1x
Q2 24	1.0x	9.9x
Q3 24	1.2x	10.8x
Q4 24	1.4x	10.8x
Q1 25	1.1x	7.9x
Q2 25	1.2x	8.5x
Q3 25	1.5x	9.9x
Q4 25	1.7x	11.6x
Q1 26	1.6x	9.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$20M	$20M
Q2 22	$2M	$1M
Q3 22	$12M	$12M
Q4 22	$9M	$9M
Q1 23	$12M	$12M
Q2 23	$3M	$3M
Q3 23	$11M	$10M
Q4 23	$296.0K	$128.0K
Q1 24	$8M	$8M
Q2 24	$3M	$3M
Q3 24	$6M	$5M
Q4 24	-$291.0K	-$409.0K
Q1 25	$4M	$4M
Q2 25	$3M	$3M
Q3 25	$7M	$6M
Q4 25	$4M	$3M

Capital Expenditures

Quarter	CapEx
Q1 22	$317.0K
Q2 22	$298.0K
Q3 22	$128.0K
Q4 22	$313.0K
Q1 23	$324.0K
Q2 23	$213.0K
Q3 23	$367.0K
Q4 23	$168.0K
Q1 24	$112.0K
Q2 24	$167.0K
Q3 24	$109.0K
Q4 24	$118.0K
Q1 25	$215.0K
Q2 25	$216.0K
Q3 25	$497.0K
Q4 25	$455.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+9.6%	-9.2%
Q3 22	+4.9%	-49.4%
Q4 22	+27.2%	+28.0%
Q1 23	+12.1%	+69.5%
Q2 23	+10.8%	+37.1%
Q3 23	+18.1%	+53.1%
Q4 23	+16.9%	+54.2%
Q1 24	+15.6%	+13.2%
Q2 24	+11.6%	+27.1%
Q3 24	+11.7%	+4.1%
Q4 24	+5.8%	-2.0%
Q1 25	-4.2%	-10.1%
Q2 25	-1.4%	-3.3%
Q3 25	+2.1%	-1.5%
Q4 25	-4.2%	-4.9%
Q1 26	+46.0%	+51.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$382.0K	1.3%
Q2 22	$487.0K	1.6%
Q3 22	$502.0K	1.7%
Q4 22	$736.0K	2.2%
Q1 23	$433.0K	1.3%
Q2 23	$506.0K	1.5%
Q3 23	$527.0K	1.5%
Q4 23	$522.0K	1.4%
Q1 24	$409.0K	1.1%
Q2 24	$514.0K	1.3%
Q3 24	$519.0K	1.3%
Q4 24	$514.0K	1.3%
Q1 25	$450.0K	1.2%
Q2 25	$514.0K	1.4%
Q3 25	$512.0K	1.3%
Q4 25	$504.0K	1.3%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$9M	$83.0K
Q3 22	$9M	$84.0K
Q4 22	$8M	$74.0K
Q1 23	$9M	$69.0K
Q2 23	$9M	$82.0K
Q3 23	$9M	$83.0K
Q4 23	$9M	$68.0K
Q1 24	$9M	$41.0K
Q2 24	$10M	$72.0K
Q3 24	$10M	$121.0K
Q4 24	$10M	$136.0K
Q1 25	$10M	$111.0K
Q2 25	$10M	$112.0K
Q3 25	$10M	$101.0K
Q4 25	$12M	$105.0K
Q1 26	$21M	$99.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$50M	$421M	$472M
Q3 22	$36M	$413M	$449M
Q4 22	$40M	$405M	$445M
Q1 23	$31M	$406M	$437M
Q2 23	$66M	$390M	$455M
Q3 23	$64M	$404M	$468M
Q4 23	$32M	$362M	$394M
Q1 24	$42M	$353M	$395M
Q2 24	$70M	$337M	$406M
Q3 24	$86M	$351M	$437M
Q4 24	$28M	$6M	$34M
Q1 25	$44M	$346M	$389M
Q2 25	$55M	$356M	$411M
Q3 25	$35M	$6M	$41M
Q4 25	$27M	$371M	$397M
Q1 26	$80M	$464M	$544M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	10M	-1.7%	-2.9%
Q3 22	10M	-1.4%	-3.0%
Q4 22	10M	-0.5%	-3.7%
Q1 23	10M	-0.4%	-4.0%
Q2 23	10M	-1.1%	-3.4%
Q3 23	10M	-0.6%	-2.7%
Q4 23	10M	-0.6%	-2.7%
Q1 24	10M	+1.1%	-1.3%
Q2 24	10M	+0.4%	+0.2%
Q3 24	10M	+0.0%	+0.9%
Q4 24	10M	+0.9%	+2.4%
Q1 25	10M	-0.3%	+1.0%
Q2 25	10M	-0.0%	+0.6%
Q3 25	12M	+15.8%	+16.4%
Q4 25	11M	-8.0%	+6.1%
Q1 26	15M	+40.8%	+49.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$91.9K	339
Q3 22	$87.8K	339
Q4 22	$99.3K	331
Q1 23	$99.4K	331
Q2 23	$104.3K	331
Q3 23	$106.2K	331
Q4 23	$120.1K	320
Q1 24	$118.9K	320
Q2 24	$120.4K	320
Q3 24	$122.7K	320
Q4 24	$124.4K	327
Q1 25	$111.5K	327
Q2 25	$116.2K	327
Q3 25	$122.6K	327
Q4 25	$122.2K	319
Q1 26	$166.8K	319

Revenue / Employee