Investar Holding Corp (ISTR) SEC Filings & Earnings Calls

Acquisition integration risk from WFB acquisition closed Jan 2026; consumer mortgage runoff strategy may impact loan mix.

“continued our strategy of allowing the consumer mortgage loans acquired from WFB to run off” · word for word

Insider selling plan could signal lack of confidence, but plan is prearranged and for tax planning.

“CEO selling up to 16,952 shares via 10b5-1 plan.”

Credit quality deterioration

“Nonperforming loans were 0.63% of total loans at June 30, 2026, compared to 0.43% at December 31, 2025. The increase in nonperforming loans compared to December 31, 2025 was primarily attributable to the downgrade of one primarily owner-occupied commercial real estate relationship totaling $6.6 million, one construction and development relationship totaling ” · word for word

Interest rate risk from securities portfolio

“Net unrealized losses in our AFS investment securities portfolio totaled $48.0 million at June 30, 2026, compared to $45.4 million at December 31, 2025.” · word for word

Integration risk from acquisition

“Acquisition related costs of $2.6 million and $4.3 million are included in 'Acquisition expense' in the accompanying consolidated statements of income for the three and six months ended June 30, 2026, respectively.”

Net income declined QoQ due to absence of $2.1M credit loss reversal in prior quarter

“Net income available to common shareholders of $8.9 million, or $0.61 per diluted common share, for the second quarter of 2026, compared to net income available to common shareholders of $11.5 million, or $0.77 per diluted common share, for the quarter ended March 31, 2026” · word for word

Total loans decreased slightly due to runoff of acquired consumer mortgage loans

“Total loans decreased by $7.9 million, or 0.3%, to $3.06 billion at June 30, 2026 compared to $3.07 billion at March 31, 2026” · word for word

Auditor change may raise governance questions but no disagreements or adverse opinions reported.

“No disagreements or reportable events; prior reports unqualified.”

Credit risk from construction and development loans

“Construction and development loans carry more risk than commercial or residential real estate loans due to the dynamics of construction projects, changes in interest rates, the long-term financing market, and state and local government regulations.”

Concentration in Louisiana, Texas, and Alabama

“The concentration of our business within our geographic areas of operation in Louisiana, Texas and Alabama.” · word for word

Interest rate risk

“Changes in inflation, interest rates, yield curves and interest rate spread relationships that affect our loan and deposit pricing.” · word for word

Oil and natural gas price fluctuation

“Fluctuations in the price of oil and natural gas.” · word for word

Cybersecurity and data processing risks

“Data processing system failures and errors; risks associated with our digital transformation process, including increased risks of cyberattacks and other security breaches.”

Acquisition integration risk: WFB acquisition closed Jan 1, 2026; tangible book value per share declined 3% due to dilution.

“Tangible book value per common share decreased to $22.72 at March 31, 2026, or 3.0%, compared to $23.42 at December 31, 2025” · word for word

Concentration of insider ownership and potential conflicts of interest

“All directors, nominees, and executive officers as a group (16 persons total) 1,477,395 10.58%” · word for word

Equity dilution from proposed LTIP share increase

“The board has approved the reservation of an additional 600,000 shares under the Plan.” · word for word

CEO SERP and change-in-control provisions may create retention risk

“The SERP provides that Mr. D’Angelo shall receive annual payments of $300,000 upon attaining the age of 65... The payment of the benefits is subject to forfeiture if Mr. D’Angelo’s employment is terminated with cause.” · word for word

Geographic concentration in south Louisiana

“As of December 31, 2025, our primary markets were south Louisiana (approximately 77% of our total deposits of $2.4 billion).” · word for word

CRE loan credit risk

“Commercial real estate loans typically depend on the successful operation and management of the businesses that occupy these properties or the financial stability of tenants occupying the properties.” · word for word

Deposit cost pressure

“Our cost of deposits decreased by 34 basis points to 3.04% in 2025, but remained elevated.” · word for word

Hurricane exposure

“Our business is concentrated in southern Louisiana, in Texas, and in Alabama. Our selected markets are susceptible to major hurricanes, floods, tropical storms, tornadoes and other natural disasters.” · word for word

GAAP net income declined YoY due to lower noninterest income (BOLI death benefit in prior year) and acquisition-related costs.

“Investar reported net income available to common shareholders of $5.4 million ... compared to ... $6.1 million ... for the quarter ended December 31, 2024. Fourth quarter of 2024 results include $3.1 million in nontaxable noninterest income from BOLI death benefit proceeds.”

Acquisition integration risk from Wichita Falls Bancshares transaction closed Jan 1, 2026.

“Investar completed the acquisition on January 1, 2026. All of the issued and outstanding shares of Wichita Falls common stock were converted into aggregate merger consideration ... for an aggregate transaction value of approximately $112.9 million.” · word for word

Interest Rate Risk

“The Company's net interest income simulation shows a -0.8% impact from a +100 bps immediate rate increase and a +1.2% impact from a -100 bps decrease, indicating a modest asset-sensitive position.”

Credit Concentration Risk

“Commercial real estate loans represent 42.9% of total loans, with nonowner-occupied CRE at $459.7 million, which could be sensitive to economic downturns.”

Uninsured Deposit Risk

“Estimated uninsured deposits represented approximately 35% of total deposits at September 30, 2025, up from 31% at December 31, 2024.” · word for word

Merger Integration Risk

“The pending acquisition of WFB involves integration into new markets (north Texas) and may be more difficult, costly or time-consuming than expected.”

Tariff/Inflation Risk

“The Company notes that changing U.S. trade and tariff policies could have an adverse impact on inflation and economic growth, making forecasting difficult.”