Investar Holding (ISTR) Q4 2024 Earnings Report

Investar Holding Corporation (ISTR) reported Q4 2024 revenue of $22.646 million, down 41.1% year-over-year from $38.438 million in Q4 2023, while delivering a sequential uptick of approximately 11.7% vs Q3 2024. Despite the pronounced top-line decline, the company posted a meaningful improvement in operating leverage, with operating income of $8.214 million (up 133.1% YoY) and net income of $6.107 million (up 72.6% YoY), translating to basic EPS of $0.62 (up 72.2% YoY). The quarterly performance reflects disciplined cost management against a backdrop of a high funding cost environment, as indicated by interest expense of $18.022 million, which remains a key pressure on margins in a balance-sheet-heavy bank construct.