Investar Holding Corp. reported a significant increase in second-quarter net income, driven by higher interest income. Net income available to common shareholders rose to $8.94 million from $4.49 million in the same quarter last year. Earnings per share climbed to $0.61 from $0.46, while core earnings per share increased to $0.75 from $0.47. Total interest income surged to $53.20 million from $35.36 million, and net interest income edged up to $33.45 million from $32.66 million a year ago. Shares closed Friday's trading down 1.09 percent at $29.87 on the Nasdaq.
Investar Holding CorpNet income and earnings per share rose significantly, driven by higher interest income.