ISTR FY 2022 Earnings Report — Investar Holding Corporation Revenue & Financial Results | Market Cap Arena

Investar Holding CorporationISTR

FY 2022 Earnings

Reported March 8, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$123M	—	$108M	—	14.1%
Op. Income	$44M	—	$10M	—	347.6%
Gross Margin	85.6%	—	67.9%	—	17.7pp
Net Margin	29.0%	—	7.4%	—	21.6pp
EPS (Diluted)	$3.50	—	$0.76	—	360.5%
Free Cash Flow	$42M	—	$30M	—	38.2%

Revenue Flow

Item	Amount
REVENUE	$123M
Cost of Revenue	$18M
GROSS PROFIT	$105M
R&D Expenses	$0
Selling & Marketing	$262.0K
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$26M
Operating Expenses	$61M
Cost & Expenses	$79M
OPERATING INCOME	$44M
Interest Income	$105M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$9M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$4M
EBIT	$44M
EBITDA	$49M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$123M
Cost of Revenue	$18M
GROSS PROFIT	$105M
R&D Expenses	$0
Selling & Marketing	$262.0K
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$26M
Operating Expenses	$61M
Cost & Expenses	$79M
OPERATING INCOME	$44M
Interest Income	$105M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$9M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$4M
EBIT	$44M
EBITDA	$49M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	-$655.0K
Other Non-Cash Items	$4M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$43M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$194M
Sales/Maturities of Investments	$63M
Other Investing Activities	-$219M
NET CASH FROM INVESTING	-$351M
Net Debt Issuance	$309M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$4M
Other Financing Activities	-$44M
NET CASH FROM FINANCING	$251M
FREE CASH FLOW	$42M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$405M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$458M
PP&E (Net)	$50M
Goodwill	$40M
Intangible Assets	$3M
Long-Term Investments	$2.1B
Tax Assets	$16M
Other Non-Current Assets	$71M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$440M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$456M
TOTAL LIABILITIES	$2.5B
Common Stock	$10M
Additional Paid-In Capital	$0
Retained Earnings	$108M
Treasury Stock	$0
Accum. Other Comp. Income	$98M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$216M
Minority Interest	$0
TOTAL EQUITY	$216M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$440M
Net Debt	$400M