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Pinnacle Bancshares Inc
The company'utlizes its subsidiaries, Pelican laring and wholly-owned doc w Capital Management, to offer personal and business financial services las well as loans and deposits. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, home equity loans, residential loans, and consumer loans. The corporateHeadquarters are located in Baton Rouge, Loisiana, and its history can be traced back to 1980 when it was founded.
The company's current market capitalization is $2.539 billion, with 39,219,446 shares outstanding.
On January 21, 2011, the Company changed its name to Investar Holding Corporation from IberiaBank Corporation (the "Company") to better reflect its focus on building a strong Bank holding Company. since 2011, the Company's assets have grown from $ 6.7 billion to $16.5 billion, and its market capitalization has grown from $ 2.6 billion to $4.8 billion. it has establied a reputation for itself a s a dependable community financial institution. Their primary focus is on delivering personalized services to businesses, notwithstanding their modest sizes, using technology to the fullest extent possible. Their product line includes retail and commercial banking, mortgage lending, and wealth management. There are over 250 branches in both states.
Their track recod has shown reasonable growth with net loans of $12.7 billion in the second quarte and, experienced 8.8% year-over-year growth; deposits reached $13.8 billion, increasing 7.4% year over year. The efficiency ratio stood at 59.6% for the second quarter.
Inb 2020, Investar maintained its earnings power, recording $79.6 million in net income av eraging 1.51% return on assets (ROA) and 15.6% return on equity (ROE).
In 2020, Investar declared a quarterly dividend of $0.25 per common share. Their long-term track recored has enabled them to raise their dividend at an average growth rate of 8.5% annually over the last six years. Though small compared to the industry average, this represents a 2.6% dividend yield.
In conclusion, Investar Holding Corp. is well-positioned for long-term success due to its strong financial records and commitment to providing quality services.