Baton Rouge-based Investar Holding Corp. reported a second-quarter profit of $1.8 million, or 25 cents per share, compared to $1.1 million, or 26 cents per share, a year earlier.
Wall Street analysts surveyed by Thomson Reuters had expected earnings of 24 cents per share.
Investar Holding is the parent company of Investar Bank, which has branches across south Louisiana. The company went public a little over a year ago.
President and Chief Executive Officer John D’Angelo said the quarter’s highlights included solid growth in loans, non-interest-bearing deposits and earnings.
Investar’s total loans grew to $729.9 million in the second quarter, nearly 27 percent more than in the second quarter of 2014. Non-interest-bearing deposits jumped to an average of $81.7 million for the quarter, an increase of close to 27 percent over the same period in 2014.