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Investar posts 1Q profit

BATON ROUGE, La. (AP) _ Investar Holding Corp. (ISTR) on Wednesday reported first-quarter profit of $1.9 million.

The Baton Rouge, Louisiana-based bank said it had earnings of 26 cents per share. Earnings, adjusted for severance costs and costs related to mergers and acquisitions, came to 28 cents per share.

The holding company for Investar Bank posted revenue of $12 million in the period. Its adjusted revenue was $9.7 million.

Investar shares have increased 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.45, an increase of 50 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


Keywords: Investar, Earnings Report