Investar (US:ISTR)2025-07-21 10:00Acquisition and Capital - Investar entered into a definitive agreement to acquire Wichita Falls Bancshares, Inc for approximately $836 million, based on Investar's closing price of $1932 on June 30, 2025[20] - Investar completed a private placement of 32,500 shares of 65% Series A Non-Cumulative Perpetual Convertible Preferred Stock at $1,000 per share, raising $325 million in gross proceeds[20] Balance Sheet and Loan Portfolio - Total assets were $2748065 million[21,97] - Net loans totaled $2106355 million[21,62] - Total deposits reached $2338185 million[21,91] - Variable-rate loans accounted for 34% of total loans as of June 30, 2025[20,63] - The loan portfolio saw an increase in yield to 594% for the second quarter of 2025, compared to 588% in the first quarter of 2025[21,63] Financial Performance - Net interest margin improved by 16 basis points to 303% for the second quarter of 2025, up from 287% in the first quarter of 2025[21] - The efficiency ratio improved to 7499% for the second quarter of 2025, compared to 7977% for the first quarter of 2025[21] - Core efficiency ratio improved to 7355% for the second quarter of 2025, compared to 7871% for the first quarter of 2025[21] - Book value per common share increased by 15% to $2601 at June 30, 2025, compared to $2563 at March 31, 2025[21] - Tangible book value per common share increased by 19% to $2180 at June 30, 2025, compared to $2140 at March 31, 2025[21]