Investar Holding Corporation reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total interest income of $18,009,000 as compared to $11,844,000 for the same period last year. Income before income tax expense was $4,786,000 as compared to $2,800,000 for the same period last year. Net income was $3,820,000 as compared to $1,923,000 for the same period last year. Basic and diluted earnings per share was $0.39 as compared to $0.22 for the same period last year.

For the six months, the company reported total interest income of $35,187,000 as compared to $22,937,000 for the same period last year. Income before income tax expense was $8,529,000 as compared to $5,511,000 for the same period last year. Net income was $6,222,000 as compared to $3,787,000 for the same period last year. Diluted earnings per share was $0.64 as compared to $0.47 for the same period last year.

Management expects the Company's effective tax rate to approximate 20% for the remainder of 2018, mainly as a result of the Tax Cuts and Jobs Act.