Investar Holding Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Investar Holding Corporation (Nasdaq: ISTR) has declared a quarterly cash dividend of $0.095 per share, payable on April 28, 2023, to shareholders of record as of March 31, 2023. This marks the 38th quarterly dividend paid by the Company and follows an uninterrupted series of 11 cash dividends from its banking subsidiary, Investar Bank. The Bank operates 29 branches across Louisiana, Texas, and Alabama, with total assets of $2.8 billion as of December 31, 2022. The dividend payment reflects the Company’s commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.095 per share reflects strong financial health.
• 38th consecutive quarterly dividend paid indicates consistent performance and shareholder return.

Negative

• None.

BATON ROUGE, LA / ACCESSWIRE / March 15, 2023 / Investar Holding Corporation (the "Company") (Nasdaq:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.095 per share to holders of the Company's common stock. The dividend is payable on April 28, 2023 to shareholders of record as of March 31, 2023. This is the 38^th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.

About Investar Holding Corporation

Investar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank, National Association. The Bank currently operates 29 branch locations serving Louisiana, Texas, and Alabama. At December 31, 2022, the Bank had 335 full-time equivalent employees and total assets of $2.8 billion.

Forward-Looking Statements

This press release may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon current expectations and assumptions about our business that are subject to a variety of risks and uncertainties that could cause the actual results to differ materially from those described in this press release. You should not rely on forward-looking statements as a prediction of future events. Additional information regarding factors that could cause actual results to differ materially from those discussed in any forward-looking statements are described in reports and registration statements we file with the SEC, including our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, copies of which are available on the Investar internet website http://www.InvestarBank.com.

We disclaim any obligation to update any forward-looking statements or any changes in events, conditions or circumstances upon which any forward-looking statement may be based except as required by law.

Contact:

Investar Holding Corporation
John R. Campbell
Executive Vice President and Chief Financial Officer
(225) 227-2215
John.Campbell@investarbank.com

SOURCE: Investar Holding Corporation

View source version on accesswire.com:
https://www.accesswire.com/743998/Investar-Holding-Corporation-Declares-Quarterly-Cash-Dividend

FAQ

What is the dividend amount declared by Investar Holding Corporation?

Investar Holding Corporation declared a quarterly cash dividend of $0.095 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 28, 2023.

When is the record date for the dividend?

The record date for the dividend is March 31, 2023.

How many dividends has Investar Bank paid consecutively?

Investar Bank has paid 11 consecutive cash dividends prior to this announcement.

What is the total asset value of Investar Bank?

As of December 31, 2022, Investar Bank had total assets of $2.8 billion.