Investor Presentaiton
Non-GAAP Reconciliation
(Dollars in thousands, except per share data)
Tangible common equity:
2018
2019
As of December 31
2020
2021
2022
6/30/2022
For the Three Months Ended
9/30/2022
12/31/2022
3/31/2023
Total stockholders' equity
Adjustments:
$182,262
$241,976
$243,284
$242,598
$215,782
$219,369
$205,700 $215,782
$218,458
Goodwill
Other intangibles
(17,424)
(2,363)
(26,132)
(4,903)
(28,144)
(4,088)
Tangible common equity
$162,475
$210,941
$211,052
(40,088)
(3,948)
$198,562
(40,088) (40,088) (40,088) (40,088)
(40,088)
(3,059)
$172,635
(3,492)
(3,272)
(3,059)
(2,776)
$175,789
$162,340
$172,635
$175,594
AOCI
(3,076)
1,891
Tangible common equity excluding AOCI
$165,551
$209,050
1,805
$209,247
1,163
(48,913)
(32,774)
(50,603)
(48,913)
(44,250)
$197,399
$221,548
$208,563
$212,943
$221,548
$219,844
Common shares outstanding
9,484,219
11,228,775
10,608,829
10,343,494
9,901,847
10,024,997
9,901,078
9,901,847
9,900,648
Book value per common share
$19.22
$21.55
$22.93
$23.45
$21.79
$21.88
$20.78
$21.79
$22.07
Tangible book value per common share
$17.13
$18.79
$19.89
$19.20
$17.43
$17.54
$16.40
$17.43
$17.74
Tangible book value per common share excluding AOCI
$17.46
$18.62
$19.72
$19.08
$22.37
$20.80
$21.51
$22.37
$22.21
Tangible assets:
Total assets
Adjustments:
Goodwill
Other intangibles
Tangible assets
Total stockholders' equity to total assets ratio
Tangible common equity to tangible assets ratio
INVESTAR
HOLDING CORPORATION
$1,786,469
$2,148,916 $2,321,181 $2,513,203
$2,753,807
$2,590,607 $2,661,694 $2,753,807 $2,751,669
(17,424)
(2,363)
$1,766,682
(26,132)
(4,903)
$2,117,881
(28,144)
(4,088)
$2,288,949
(40,088)
(3,948)
$2,469,167
(40,088)
(3,059)
$2,710,660
(40,088)
(3,492)
$2,547,027
(40,088)
(3,272)
$2,618,334
(40,088)
(40,088)
(3,059)
(2,776)
$2,710,660
$2,708,805
10.20%
11.26%
10.48%
9.65%
7.84%
8.47%
7.73%
7.84%
7.94%
9.20%
9.96%
9.22%
8.04%
6.37%
6.90%
6.20%
6.37%
6.48%
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