Business
Investar Holding Corporation Announces 2025 Second Quarter Results
BATON ROUGE, LA / ACCESS Newswire / July 21, 2025 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National
About this update from Investar Holding Corporation
[{"type":"text","content":"BATON ROUGE, LA / ACCESS Newswire / July 21, 2025 / 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, 2025. Investar reported net income of $4.5 million, or $0.46 per diluted common share, for the second quarter of 2025, compared to net income of $6.3 million, or $0.63 per diluted common share, for the quarter ended March 31, 2025, and net income of $4.1 million, or $0.41 per diluted common share, for the quarter ended June 30, 2024.On a non-GAAP basis, core earnings per diluted common share for the second quarter of 2025 were $0.47 compared to $0.65 for the first quarter of 2025, and $0.36 for the second quarter of 2024. Core earnings exclude certain items including, but not limited to, loss on call or sale of investment securities, net, loss on sale or disposition of fixed assets, net, gain on sale of other real estate owned, net, change in the fair value of equity securities, income from insurance proceeds, change in the net asset value of other investments, write down of other real estate owned, gain on early extinguishment of subordinated debt, severance and acquisition expense (refer to the Reconciliation of Non-GAAP Financial Measures tables for a reconciliation of GAAP to non-GAAP metrics).Investar's President and Chief Executive Officer John D'Angelo commented:\"I am excited about our second quarter results as we continued to execute on our strategy of consistent, quality earnings through the optimization of our balance sheet. As a result of this strategy, our net interest margin improved substantially to 3.03%, a 16 basis point increase from previous quarter. For the second consecutive quarter, we significantly reduced our funding costs while simultaneously growing the yield on interest-earning assets. We grew average noninterest-bearing deposits by 4% from the first quarter and further optimized our deposit mix by allowing higher cost time deposits to run off and replacing them with lower cost interest-bearing deposits. We brought on new business, primarily variable-rate loans, with a blended interest rate of 7.7%, progressing us towards our goal of an interest rate neutral balance sheet.On July 1, 2025, we announced a definitive agreement to acquire Wichita Falls Bancsh...