Skip to main content

Investar: Q2 Earnings Snapshot

BATON ROUGE, La. (AP) — BATON ROUGE, La. (AP) — Investar Holding Corp. (ISTR) on Monday reported net income of $9.5 million in its second quarter.

The Baton Rouge, Louisiana-based bank said it had earnings of 61 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 75 cents per share.

The holding company for Investar Bank posted revenue of $56.3 million in the period. Its revenue net of interest expense was $36.5 million, exceeding Street forecasts.

_____

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

SEC joins Big Ten in banning pros from returning to college, includes basketball players

The Southeastern Conference passed a rule Tuesday banning players who have been drafted by NFL, NBA or WNBA teams or listed on rosters in those leagues, joining the Big Ten in taking a strong stand against this month's unexpected surge of pro players trying to return to college. The SEC's rule differs from the one adopted by the Big Ten, which only included football in its decision released earlier in the day. Combined, it leaves little doubt about where the nation's two biggest conferences stand in the wake of court orders that were allowing players who had been on pro rosters, then released, to return back to college. It puts LSU on notice. This week, Tigers coach Lane Kiffin added Dae’Quan Wright and Zxavian Harris, a pair of undrafted players out of Mississippi who had tryouts in the NFL over the summer, but were released by their teams during training camp.
Read Next Story