Investar Holding Corporation (ISTR) Balance Sheet
ISTR balance sheet, 2025
December 31, 2025 · U.S. dollars$2.83B assets = $2.53B liabilities + $301.1M equity
Both columns are drawn to the same scale: what ISTR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ISTR financial health
Descriptive bands, not a rating. Fiscal 2025.
ISTR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.16B2016 | $2.83B2025 | +10.4%/yr | |
| Total liabilities | $1.05B2016 | $2.53B2025 | +10.3%/yr | |
| Shareholders’ equity | $112.8M2016 | $301.1M2025 | +11.5%/yr | |
| Cash & short-term investments | $192.4M2016 | $397.2M2025 | +8.4%/yr | |
| Total debt | $126.5M2016 | $152.8M2025 | +2.1%/yr | |
| Net cash (debt) | $65.9M2016 | $244.5M2025 | +$178.6M | |
| Working capital | −$751.3M2016 | −$910.0M2025 | −$158.7M | |
| Book value per share | $15.732016 | $28.382025 | +6.8%/yr | |
| Debt / equity | 1.122016 | 0.512025 | −0.61 | |
| Shares outstanding | 7.2M2016 | 10.6M2025 | +4.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ISTR assets
ISTR liabilities and equity
ISTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ISTR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $397.2M | $34.1M | $393.9M | $445.2M | $452.1M | $303.8M | $304.1M | $266.1M | $248.0M | $192.4M |
| Cash & equivalents | $26.6M | $27.9M | $32.0M | $40.1M | $96.5M | $35.4M | $44.3M | $17.1M | $30.4M | $29.3M |
| Short-term investments | $370.6M | $6.2M | $361.9M | $405.2M | $355.5M | $268.4M | $259.8M | $249.0M | $217.6M | $163.1M |
| Receivables | $14.3M | $14.4M | $14.4M | $12.7M | $11.4M | $13.0M | $7.9M | $5.6M | $4.7M | $3.2M |
| Inventory | $0 | $0 | $13.9M | −$53.7M | −$111.0M | −$49.0M | −$52.7M | −$26.3M | −$49.7M | −$56.3M |
| Other current assets | $0 | $0 | $0 | $53.7M | $111.0M | $49.0M | $52.7M | $26.3M | $49.7M | $56.3M |
| Total current assets | $411.5M | $48.5M | $408.3M | $458.0M | $463.4M | $316.7M | $312.0M | $271.7M | $252.7M | $195.6M |
| Property, plant & equipment (net) | $39.5M | $40.7M | $44.2M | $49.6M | $58.1M | $56.3M | $50.9M | $40.2M | $37.5M | $31.7M |
| Goodwill & intangible assets | $41.2M | $41.7M | $42.4M | $43.1M | $44.0M | $32.2M | $31.0M | $19.9M | $19.9M | $3.2M |
| Long-term investments | $439.2M | $392.9M | $397.0M | $440.7M | $382.6M | $2.12B | $293.5M | $278.6M | $245.4M | $188.5M |
| Other non-current assets | $1.90B | $2.20B | $1.92B | $1.76B | $1.57B | $0 | $1.46B | $1.18B | $1.07B | $739.9M |
| Total assets | $2.83B | $2.72B | $2.82B | $2.75B | $2.51B | $2.32B | $2.15B | $1.79B | $1.62B | $1.16B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $15.9M | $2.12B | $15.1M | $1.71B | $1.36B | $1.23B | $907.8M |
| Short-term debt | $11.2M | $8.4M | $8.6M | $334.1M | $5.8M | $5.7M | $3.0M | $2.0M | $21.9M | $39.1M |
| Total current liabilities | $1.32B | $2.35B | $2.26B | $2.08B | $2.13B | $1.91B | $1.73B | $1.36B | $1.25B | $946.9M |
| Long-term debt | $141.6M | $92.6M | $288.9M | $52.7M | $51.4M | $48.8M | $48.7M | $24.1M | $24.0M | $3.6M |
| Other long-term liabilities | $1.07B | $34.6M | $35.1M | $402.9M | $93.2M | $120.5M | $131.6M | $216.4M | $178.9M | $95.7M |
| Total liabilities | $2.53B | $2.48B | $2.59B | $2.54B | $2.27B | $2.08B | $1.91B | $1.60B | $1.45B | $1.05B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9.8M | $9.8M | $9.7M | $9.9M | $10.3M | $10.6M | $11.2M | $9.5M | $9.5M | $7.1M |
| Retained earnings (deficit) | $150.5M | $132.9M | $116.7M | $108.2M | $76.2M | $71.4M | $60.2M | $45.7M | $33.2M | $26.2M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$35.7M | $98.5M | $100.3M | $97.7M | $1.2M | $1.8M | $1.9M | −$3.1M | −$1.6M | −$2.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $301.1M | $241.3M | $226.8M | $215.8M | $242.6M | $243.3M | $242.0M | $182.3M | $172.7M | $112.8M |
| Key figures | ||||||||||
| Total debt | $152.8M | $101.0M | $85.1M | $439.7M | $135.7M | $175.0M | $183.3M | $232.5M | $212.6M | $126.5M |
| Net cash (debt) | $244.5M | −$66.9M | $308.8M | $5.5M | $316.4M | $128.8M | $120.8M | $33.6M | $35.4M | $65.9M |
| Working capital | −$910.0M | −$2.31B | −$1.86B | −$1.62B | −$1.66B | −$1.59B | −$1.41B | −$1.09B | −$994.5M | −$751.3M |
| Tangible book value | $259.9M | $199.6M | $184.3M | $172.6M | $198.6M | $211.1M | $210.9M | $162.4M | $152.8M | $109.5M |
| Book value per share | $28.38 | $24.29 | $23.04 | $21.19 | $23.10 | $22.39 | $23.85 | $18.62 | $20.22 | $15.73 |
| Shares outstanding | 10.6M | 9.9M | 9.8M | 10.2M | 10.5M | 10.9M | 10.1M | 9.8M | 8.5M | 7.2M |
| Current ratio | 0.31 | 0.02 | 0.18 | 0.22 | 0.22 | 0.17 | 0.18 | 0.20 | 0.20 | 0.21 |
| Quick ratio | 0.31 | 0.02 | 0.18 | 0.22 | 0.22 | 0.17 | 0.18 | 0.20 | 0.20 | 0.21 |
| Debt / equity | 0.51 | 0.42 | 0.38 | 2.04 | 0.56 | 0.72 | 0.76 | 1.28 | 1.23 | 1.12 |
| Equity / assets | 10.6% | 8.9% | 8.1% | 7.8% | 9.7% | 10.5% | 11.3% | 10.2% | 10.6% | 9.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $535.0M | $543.7M | $397.2M | $41.1M | $410.9M | $389.2M | $34.1M | $437.0M | $406.3M | $395.2M | $393.9M | $468.2M |
| Cash & equivalents | $72.3M | $79.6M | $26.6M | $35.4M | $55.2M | $43.5M | $27.9M | $86.3M | $69.7M | $41.8M | $32.0M | $63.7M |
| Short-term investments | $462.7M | $464.1M | $370.6M | $5.7M | $355.7M | $345.7M | $6.2M | $350.6M | $336.6M | $353.3M | $361.9M | $404.5M |
| Receivables | $18.9M | $19.8M | $14.3M | $14.9M | $14.0M | $15.3M | $14.4M | $14.3M | $14.2M | $15.0M | $14.4M | $13.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$393.8M | $12.9M | −$56.9M | $13.9M | −$81.7M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $393.8M | $0 | $56.9M | $0 | $81.7M |
| Total current assets | $553.8M | $563.5M | $411.5M | $56.0M | $398.0M | $404.5M | $48.5M | $451.3M | $420.5M | $410.2M | $408.3M | $481.8M |
| Property, plant & equipment (net) | $59.9M | $60.2M | $39.5M | $39.7M | $39.9M | $40.4M | $40.7M | $41.8M | $42.4M | $42.7M | $44.2M | $44.8M |
| Goodwill & intangible assets | $71.7M | $72.1M | $41.2M | $81.4M | $41.4M | $41.6M | $41.7M | $41.8M | $42.0M | $42.2M | $42.3M | $42.5M |
| Long-term investments | $486.4M | $485.5M | $439.2M | $436.6M | $414.9M | $404.8M | $392.9M | $385.3M | $371.2M | $373.4M | $397.0M | $437.9M |
| Other non-current assets | $2.69B | $2.69B | $1.90B | $2.19B | $1.85B | $1.84B | $2.20B | $1.88B | $1.91B | $1.92B | $1.93B | $1.78B |
| Total assets | $3.86B | $3.88B | $2.83B | $2.80B | $2.75B | $2.73B | $2.72B | $2.80B | $2.79B | $2.79B | $2.82B | $2.79B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $2.21B |
| Short-term debt | $18.6M | $18.4M | $11.2M | $15.1M | $11.0M | $11.3M | $8.4M | $13.0M | $7.4M | $7.8M | $8.6M | $13.9M |
| Total current liabilities | $3.23B | $3.25B | $1.32B | $2.39B | $2.35B | $2.36B | $2.35B | $2.30B | $2.22B | $2.22B | $2.26B | $2.22B |
| Long-term debt | $175.8M | $175.8M | $141.6M | $85.5M | $95.5M | $85.5M | $92.6M | $217.7M | $297.7M | $304.5M | $288.9M | $312.2M |
| Other long-term liabilities | $33.4M | $33.5M | $1.07B | $32.1M | $47.4M | $34.0M | $34.6M | $38.9M | $42.1M | $40.5M | $35.1M | $45.3M |
| Total liabilities | $3.44B | $3.46B | $2.53B | $2.51B | $2.49B | $2.48B | $2.48B | $2.56B | $2.56B | $2.56B | $2.59B | $2.58B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $13.8M | $13.7M | $9.8M | $9.8M | $9.8M | $9.8M | $9.8M | $9.8M | $9.8M | $9.8M | $9.7M | $9.8M |
| Retained earnings (deficit) | $167.8M | $160.5M | $150.5M | $146.2M | $141.6M | $138.2M | $132.9M | $127.9M | $123.5M | $120.4M | $116.7M | $114.1M |
| Accumulated other comprehensive income | −$37.8M | −$37.1M | −$35.7M | $108.9M | −$41.6M | $103.7M | $98.5M | $107.9M | $96.9M | $96.8M | $100.3M | $84.8M |
| Total shareholders' equity | $420.1M | $414.6M | $301.1M | $295.3M | $255.9M | $251.7M | $241.3M | $245.5M | $230.2M | $227.0M | $226.8M | $208.7M |
| Key figures | ||||||||||||
| Total debt | $194.4M | $194.2M | $152.8M | $100.6M | $106.5M | $96.8M | $101.0M | $121.7M | $76.1M | $83.4M | $85.1M | $90.3M |
| Net cash (debt) | $340.6M | $349.5M | $244.5M | −$59.5M | $304.4M | $292.5M | −$66.9M | $315.3M | $330.2M | $311.8M | $308.8M | $377.8M |
| Working capital | −$2.68B | −$2.69B | −$910.0M | −$2.33B | −$1.95B | −$1.95B | −$2.31B | −$1.85B | −$1.80B | −$1.81B | −$1.86B | −$1.74B |
| Tangible book value | $348.4M | $342.5M | $259.9M | $213.9M | $214.5M | $210.2M | $199.6M | $203.7M | $188.2M | $184.9M | $184.4M | $166.2M |
| Book value per share | $28.65 | $27.77 | $28.38 | $25.62 | $25.70 | $25.27 | $24.14 | $24.80 | $23.25 | $23.01 | $23.23 | $21.26 |
| Shares outstanding | 14.7M | 14.9M | 10.6M | 11.5M | 10.0M | 10.0M | 10.0M | 9.9M | 9.9M | 9.9M | 9.8M | 9.8M |
| Current ratio | 0.17 | 0.17 | 0.31 | 0.02 | 0.17 | 0.17 | 0.02 | 0.20 | 0.19 | 0.19 | 0.18 | 0.22 |
| Quick ratio | 0.17 | 0.17 | 0.31 | 0.02 | 0.18 | 0.17 | 0.02 | 0.20 | 0.19 | 0.19 | 0.18 | 0.22 |
| Debt / equity | 0.46 | 0.47 | 0.51 | 0.34 | 0.42 | 0.38 | 0.42 | 0.50 | 0.33 | 0.37 | 0.38 | 0.43 |
| Equity / assets | 10.9% | 10.7% | 10.6% | 10.5% | 9.3% | 9.2% | 8.9% | 8.8% | 8.3% | 8.1% | 8.0% | 7.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 16, 2026); data from EODHD.
ISTR financial position
At the end of fiscal 2025 (December 31, 2025), Investar had total assets of $2.8 billion (up 4.0% from a year earlier), total liabilities of $2.5 billion and shareholders' equity of $301.1 million. It held $397.2 million in cash and short-term investments against $152.8 million of debt, a net cash position of $244.5 million. Its current ratio was 0.31. In the latest quarter (ended June 30, 2026) total assets were $3.9 billion and equity $420.1 million.
Related: ISTR income statement, ISTR cash flow statement, ISTR key metrics. See the ISTR stock overview for the latest quote and news.
ISTR balance sheet FAQ
What are Investar's total assets?
Investar reported total assets of $2.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.7 billion a year earlier.
How much debt does Investar have?
Investar had $152.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.51.
How much cash does Investar have?
Investar held $397.2 million in cash and short-term investments at the end of fiscal 2025; with $152.8 million of debt that is net cash of $244.5 million.
What is Investar's book value?
Investar's shareholders' equity (book value) was $301.1 million at the end of fiscal 2025, or $28.38 per share.
What is Investar's current ratio?
Investar had current assets of $411.5 million and current liabilities of $1.3 billion, a current ratio of 0.31 (current liabilities exceed current assets).
How much goodwill does Investar have?
Investar carried $41.2 million of goodwill and intangible assets, 1.5% of total assets, at the end of fiscal 2025.