Investar Holding Corporation Announces 2021 Second Quarter Results
ACCESSWIRE
23 Jul 2021, 08:05 GMT+10
BATON ROUGE, LA / ACCESSWIRE / July 22, 2021 / Investar Holding Corporation ('Investar') (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the 'Bank'), today announced financial results for the quarter ended June 30, 2021. Investar reported record net income of $5.7 million, or $0.53 per diluted common share, for the second quarter of 2021, compared to $5.4 million, or $0.51 per diluted common share, for the quarter ended March 31, 2021, and $4.3 million, or $0.39 per diluted common share, for the quarter ended June 30, 2020.
On a non-GAAP basis, core earnings per diluted common share for the second quarter of 2021 were $0.53 compared to $0.49 for the first quarter of 2021 and $0.32 for the second quarter of 2020. Core earnings exclude certain non-operating items including, but not limited to, gain on sale of investment securities, change in the fair value of equity securities, and acquisition expense (refer to the