Quarterly ResultMay 8, 2026, 04:38 PM
Investar Holding Q1 Net Income $11.5M, EPS $0.84; Completes WFB Acquisition
AI Summary
Investar Holding Corp. reported a significant increase in net income available to common shareholders for Q1 2026, reaching $11.5 million, up from $6.3 million in Q1 2025. Basic earnings per common share rose to $0.84 from $0.64 year-over-year. These results were substantially influenced by the completion of the acquisition of Wichita Falls Bancshares, Inc. on January 1, 2026, which added $1.15 billion in total assets and $1.02 billion in deposits.
Key Highlights
- Completed acquisition of Wichita Falls Bancshares, Inc. on January 1, 2026, for $112.9 million.
- Acquisition added $1.15 billion in total assets, $950.2 million in net loans, and $1.02 billion in deposits.
- Net income available to common shareholders increased 82.7% to $11.5 million in Q1 2026.
- Basic earnings per common share rose 31.3% to $0.84 in Q1 2026.
- Total assets grew to $3.88 billion as of March 31, 2026, from $2.83 billion at December 31, 2025.
- Net interest income increased 78.1% to $32.7 million in Q1 2026.
- Declared common stock dividends of $0.11 per share and preferred stock dividends of $16.25 per share.
- Early adopted ASU 2025-08, establishing an ACL of $11.6 million for acquired PSL loans.