ISTR earnings analysis
What we found in ISTR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Investar Holding Corporation's Q1 2026 earnings report shows significant growth in earnings and asset size post-acquisition of WFB. Revenue declined slightly to $35.6 million, with net income up to $11.5 million and diluted EPS increasing to $0.77, up from $0.63 year-over-year. The company also reported strong loan and deposit growth, but also faced elevated nonperforming loans.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Increase in Net Income and EPS
- Net income rose to $11.5 million, or $0.77 per diluted share, from $6.3 million or $0.63 per share a year ago.
- Strong Growth in Interest Income
- Net interest income increased 78.0% to $32.7 million from $18.3 million year-over-year, driven by growth in loans.
- Acquisition Impact on Assets
- Total assets surged to $3.88 billion, a 36.8% increase, influenced by the acquisition of WFB.
- Substantial Growth in Deposits
- Total deposits increased by $882.6 million, or 37.6%, to $3.23 billion, largely from the WFB acquisition.
- Yield Improvement on Loans
- Yield on loans improved to 6.28% in Q1 2026 from 5.88% in the prior year.
- Return on Equity Increased
- Return on average common equity rose to 12.12% from 10.31% year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increase in Nonperforming Loans
- Nonperforming loans increased to 0.66% of total loans from 0.43% at December 31, 2025.
- Rising Noninterest Expenses
- Noninterest expenses rose to $22.8 million, up 40.7% from the prior year, primarily due to acquisition integration costs.
- Liquidity Concerns with Uninsured Deposits
- Uninsured deposits were 36% of total deposits, increasing from 34% at year-end 2025, raising liquidity risk.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.87
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
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