BATON ROUGE, La. (AP) _ Investar Holding Corp. (ISTR) on Thursday reported a third-quarter loss of $10 million, after reporting a profit in the same period a year earlier.
The bank, based in Baton Rouge, Louisiana, said it had a loss of 95 cents per share. Losses, adjusted for non-recurring gains, were $1.06 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.07 per share.
The holding company for Investar Bank posted revenue of $28.4 million in the period. Its revenue net of interest expense was $25.5 million, also exceeding Street forecasts.
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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
