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 v
Investar : Announces 2021 Second Quarter Results (Form 8-K)
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Investar Holding Corporation Announces 2021 Second Quarter Results
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Cheaha Bank acquired by Louisiana-based Investar
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BATON ROUGE, La., March 17, 2021 (GLOBE NEWSWIRE) Investar Holding Corporation (the Company ) (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the Bank ), today announced that it has received the necessary shareholder and regulatory approvals for its previously announced, pending acquisition of Cheaha Financial Group, Inc. ( Cheaha ), the holding company for Cheaha Bank in Oxford, Alabama. The Company also provided an update regarding expected timing for completion of the acquisition.
On January 25, 2021, the Company announced that it had entered into an Agreement and Plan of Reorganization (the Merger Agreement ) with Cheaha, dated January 21, 2021. At December 31, 2020, Cheaha Bank had approximately $236 million in assets, $126 million in net loans, and $202 million in deposits. Cheaha Bank offers a full range of banking products and services to the individuals and small businesses from four branch locations in Calhoun County, Alabama.