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Investar Holding Corporation Announces 2020 First Quarter Results

Investar Holding Corporation (ISTR) 
Last investar holding corporation earnings: 4/23 07:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
BATON ROUGE, La., April 23, 2020 (GLOBE NEWSWIRE) -- Investar Holding Corporation (NASDAQ: ISTR) (the “Company”), the holding company for Investar Bank (the “Bank”), today announced financial results for the quarter ended March 31, 2020. The Company reported net income of $0.6 million, or $0.05 per diluted common share, for the first quarter of 2020, compared to $3.3 million, or $0.32 per diluted common share, for the quarter ended December 31, 2019, and $3.9 million, or $0.40 per diluted common share, for the quarter ended March 31, 2019. On a non-GAAP basis, core earnings per diluted common share for the first quarter of 2020 were $0.15 compared to $0.39 for the fourth quarter of 2019 and $0.46 for the quarter ended March 31, 2019. Core earnings exclude certain non-operating items including, but not limited to, acquisition expense and gain or loss on the sale of investment securities, net (refer to the Reconciliation of Non-GAAP Financial Measures table for a reconciliation of Show less Read more
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