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Investar Holding Corporation (ISTR) is a financial institution that provides comprehensive banking services primarily to individuals, professionals, and small to medium-sized businesses. The company operates mainly in south Louisiana, southeast Texas, and Alabama, offering a range of financial products and services. ISTR generates revenue through interest on loans, securities investments, and fees from various loan and deposit services.
- Lending Activities - Provides a substantial portion of revenue through interest on loans, focusing on commercial real estate, commercial and industrial, and residential real estate loans.
- Commercial Real Estate Loans - Includes multifamily, farmland, and commercial real estate loans, with a significant portion being owner-occupied.
- Commercial and Industrial Loans - Primarily consists of working capital lines of credit and equipment loans.
- Residential Real Estate Loans - Offers loans for residential properties.
- Deposit Services - Offers a broad range of deposit products and services, including savings, checking, money market accounts, certificates of deposit, and individual retirement accounts, contributing to fee income.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
John J. DAngelo ExecutiveBoard | President and Chief Executive Officer | John J. D'Angelo has served as the President and Chief Executive Officer of Investar Holding Corporation since 2013 and as President and CEO of Investar Bank since 2006, while also serving on the board since 2013 and as Chair of the Executive Committee. | View Report → | |
John R. Campbell Executive | Executive Vice President and Chief Financial Officer | John R. Campbell is the Executive Vice President and Chief Financial Officer at ISTR, having joined in January 2023. He brings extensive financial management experience from previous roles at Laitram LLC, Hibernia National Bank, and Ernst & Young LLP. | ||
Linda M. Crochet Executive | Executive Vice President and Chief Operating Officer | Linda M. Crochet has served as the Executive Vice President and Chief Operating Officer at Investar Holding Corporation since October 2021. Previously, she was the Greater Baton Rouge Loan Portfolio President starting in January 2019. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Cheaha Financial Group, Inc. | 2021 | Completed Acquisition: Investar Holding Corporation acquired Cheaha Financial Group and its subsidiary, Cheaha Bank, with the transaction closing on April 1, 2021, following an announcement on January 25, 2021, and providing approximately $41.1 million in cash. The deal supports Investar’s strategy to expand its presence in Alabama and grow its franchise—marking its seventh whole-bank acquisition—while also bringing in significant financial metrics including $238 million in total assets and $120 million in net loans. |
Recent press releases and 8-K filings for ISTR.
- Q1 2025 Results: Reported net income of $6.3 million with diluted EPS of $0.63, reflecting modest sequential improvements .
- Net interest margin: Achieved 2.87%, up 22 basis points from the previous quarter due to reduced funding costs and balance sheet optimization .
- Balance sheet optimization: Total loans decreased by $18.5 million to $2.11 billion, supporting consistent, quality earnings .
- Return on average assets increased to 0.94%, demonstrating tighter expense control and operational efficiency .
- Share repurchase: Repurchased 34,992 shares as part of its shareholder value initiative .
- Capital & liquidity management: Strengthened capital levels through organic earnings, disciplined share repurchases, and maintained robust liquidity with $43.5 million in cash .
- Investar Holding Corp received a $3.4M property insurance settlement on March 19, 2025, related to an impaired loan from Hurricane Ida.
- The settlement is expected to add $3.1M to pre-tax net income for the quarter ending March 31, 2025 after deducting an estimated $0.3M in expenses.
- The company is also marketing two remaining properties with a total cost basis of $1.7M to finalize the resolution of the loan relationship.