Core EPS matched consensus, but the sequential improvement in NIM and lower acquisition costs are credit positives. Watch for further NIM expansion as higher-yielding C&I loans replace runoff consumer mortgages, and monitor NPL trends for credit quality deterioration.
Price Chart
Executive Summary
Investar Holding Corp reported Q3 2026 GAAP diluted EPS of $0.74 and core diluted EPS of $0.77, compared to consensus of $0.76. Net interest margin expanded 6 bps to 3.73%, and net income available to common shareholders rose 24.4% QoQ to $11.1 million. The sequential improvement in earnings and margin was driven by lower acquisition costs post-WFB conversion and stable funding costs, though nonperforming loans ticked up to 0.70% of total loans.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $0.74 vs $0.61 QoQ and $0.54 YoY; core diluted EPS $0.77 vs consensus $0.76
- Net interest margin expanded 6 bps to 3.73% (QoQ), driven by a 5 bps increase in yield on interest-earning assets
- Net income available to common shareholders $11.1M, up 24.4% QoQ and 96.9% YoY
- Noninterest expense fell 7.8% QoQ to $22.7M, primarily due to a $2.3M decrease in acquisition expense after WFB conversion completion
- Nonperforming loans increased to 0.70% of total loans ($21.4M) vs 0.63% at June 30, 2026
- Total loans grew 0.2% QoQ to $3.07B; business lending portfolio up 3.1% to $1.25B
- Company repurchased 25,113 shares at avg $29.44 during Q3; 275,628 shares remain authorized
- On October 1, 2026, purchased $65.0M of commercial and industrial variable-rate revolving lines of credit
Financial Impact
Core EPS of $0.77 essentially in line with $0.76 consensus; NIM expansion supports net interest income trajectory
Risk Factors
- Nonperforming loans rose to 0.70% from 0.63% QoQ, driven by downgrades in 1-4 Family and owner-occupied CRE loans
- Tangible book value per share declined 2.3% QoQ to $22.55, pressured by AOCI loss from lower AFS securities fair value
- Cost of deposits increased 1 bps higher QoQ to 2.20%; cost of short-term borrowings increased 17 bps to 2.98%
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-033291 |
| Document: istr20260825_8k.htm | 0001437749-26-033291 |
| Document: 0001437749-26-033291-index-headers.html | 0001437749-26-033291 |
| Document: 0001437749-26-033291-index.html | 0001437749-26-033291 |
| Document: 0001437749-26-033291.txt | 0001437749-26-033291 |
| 8-K Data (Synthetic) | 0001437749-26-033291 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $28.04 | awaiting T+60 | — | $27.57 (−1.68%) |
Oct 22, 2026 4d ago | Press Release | $28.04 | awaiting T+60 | — | $27.57 (−1.68%) |
Sep 16, 2026 5w ago | Press Release | $30.15 | awaiting T+60 | — | $27.57 (−8.54%) |
Jul 20, 2026 14w ago | 8-K | $29.59 $28.85 | ▼ −2.50% | ▼ −7.34% | $27.57 (−6.83%) |
Jul 20, 2026 14w ago | Press Release | $29.59 $28.85 | ▼ −2.50% | ▼ −7.34% | $27.57 (−6.83%) |
May 22, 2026 22w ago | 8-K | $28.58 $29.85 | ▲ +4.44% | ▲ +1.72% | $27.57 (−3.53%) |
Apr 20, 2026 27w ago | 8-K | $29.79 $29.17 | ▼ −2.08% | ▼ −8.86% | $27.57 (−7.45%) |
Apr 8, 2026 28w ago | DEFA14A | $28.71 $29.23 | ▲ +1.81% | ▼ −8.97% | $27.57 (−3.97%) |
US Market Status
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