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BATON ROUGE, La. (AP) _ Investar Holding Corp. (ISTR) on Monday reported fourth-quarter earnings of $3.3 million.
The bank, based in Baton Rouge, Louisiana, said it had earnings of 34 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 45 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The holding company for Investar Bank posted revenue of $20.8 million in the period. Its revenue net of interest expense was $15.6 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $15.9 million.
For the year, the company reported profit of $13.6 million, or $1.39 per share. Revenue was reported as $61.7 million.
Investar shares have declined 5 percent since the beginning of the year. The stock has decreased nearly 5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ISTR at https://www.zacks.com/ap/ISTR