Investar Holding reports Q2 adjusted EPS 67c, consensus 38c

Reports Q2 revenue $34.5M, consensus $21.08M. Net interest income for the second quarter of 2023 totaled $18.4M, a decrease of $1.8M, or 8.9%, compared to the first quarter of 2023, and a decrease of $3.6M, or 16.3%, compared to the second quarter of 2022. Investar’s net interest margin was 2.82% for the quarter ended June 30, 2023, compared to 3.13% for the quarter ended March 31, 2023 and 3.70% for the quarter ended June 30, 2022.