Investar reports Q3 net loss $10.0M ($0.95/sh) on Hurricane Ida impairment; appoints new COO and CCO

Investar Holding Corp

2021-Q3 EPS reported $0.09

Net loss of $10.0M ($0.95 diluted EPS) vs Q2 2021 net income of $5.7M ($0.53 diluted EPS).
Core (non-GAAP) loss per diluted share of $1.06; Q3 2020 core EPS was $0.35.
Large impairment charge from Hurricane Ida drove the quarterly loss.
Linda Crochet appointed EVP/COO replacing Dane Babin (resigning Nov 4); Jeffrey Martin named EVP/Chief Credit Officer.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Dane M. Babin

Executive Vice President and Chief Operations Officer

ISTR · Investar Holding Corp

Effective: 2021-11-04
Successor: Linda M. Crochet
Filed: October 22, 2021, 7:59 PM ET

On October 20, 2021, Dane M. Babin notified the Company that he was resigning from all positions with the Company and the Bank, effective November 4, 2021.

Appointed

Linda M. Crochet

Executive Vice President and Chief Operations Officer

ISTR · Investar Holding Corp

Effective: 2021-10-20
Filed: October 22, 2021, 7:59 PM ET

on October 20, 2021, the board of directors of the Company appointed Linda M. Crochet to serve as the Executive Vice President and Chief Operations Officer of the Company and the Bank, replacing Dane M. Babin

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dane M. Babin departed as Executive Vice President and Chief Operations Officer at Investar Holding Corp.

Action: resigning
Role: Executive Vice President and Chief Operations Officer

Exact text from the filing

On October 20, 2021, Dane M. Babin notified the Company that he was resigning from all positions with the Company and the Bank, effective November 4, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Linda M. Crochet was appointed as Executive Vice President and Chief Operations Officer at Investar Holding Corp.

Action: appointed
Role: Executive Vice President and Chief Operations Officer

Exact text from the filing

on October 20, 2021, the board of directors of the Company appointed Linda M. Crochet to serve as the Executive Vice President and Chief Operations Officer of the Company and the Bank, replacing Dane M. Babin

View on SEC.gov

Investar Holding Corp filing history →

Source: SEC EDGAR

accession 0001437749-21-024105

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