Investar receives $3.4M insurance settlement for Hurricane Ida loan impairment; pre-tax gain of $3.1M in Q1 2025

Investar Holding Corp

Received $3.4M property insurance settlement from Hurricane Ida loan relationship that impaired in Q3 2021.
Pre-tax net income addition of $3.1M for Q1 2025, after $0.3M estimated expenses.
Funds recorded as recovery of loans previously charged off; two remaining ORE properties ($1.7M basis) marketed for sale.
Final resolution expected upon sale of remaining properties.

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