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Investar Holding Corporation (NASDAQ:ISTR) appointed BDO USA, P.C. as its new independent registered public accounting firm on Monday, following the resignation of its previous auditor, HORNE LLP. The change was approved by the company’s Audit Committee.
According to a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission, the partners and professional staff of HORNE LLP joined BDO USA, P.C. on November 1. As a result, HORNE LLP resigned as Investar Holding’s independent auditor on the same day.
The company stated that HORNE LLP’s audit reports for the fiscal years ended December 31, 2024 and 2023 contained no adverse opinions or disclaimers, and were not qualified or modified regarding uncertainty, audit scope, or accounting principles. Investar Holding also reported that during those fiscal years and through October 31, 2025, there were no disagreements with HORNE LLP regarding accounting principles, financial statement disclosures, or auditing procedures that would have required mention in the auditor’s reports.
Additionally, the company noted that it did not consult with BDO USA, P.C. regarding the application of accounting principles or the type of audit opinion that might be rendered, nor were there any reportable events as defined under SEC regulations, prior to BDO’s engagement.
A letter from HORNE LLP, confirming its agreement with the statements made by Investar Holding in the filing, was included as an exhibit.
Investar Holding Corporation is a Louisiana-based state commercial bank whose common stock is traded on the Nasdaq Global Market under the ticker ISTR. This summary is based on information provided in a press release statement included with the company’s SEC filing.
In other recent news, Investar Holding Corporation reported third-quarter earnings that surpassed analyst expectations, driven by an improved net interest margin and loan growth. The company posted adjusted earnings per share of $0.54, exceeding the analyst consensus of $0.46, and revenue reached $24.14 million, above the expected $22.5 million. Net income available to common shareholders was $5.7 million, up from $4.5 million in the previous quarter and slightly higher than the $5.4 million reported in the same quarter last year. Additionally, Investar Holding has received shareholder and regulatory approvals for its acquisition of Wichita Falls Bancshares, Inc., which was initially announced on July 1, 2025. This acquisition involves the Texas-based First National Bank parent company. Furthermore, the company has renewed its employment agreement with John R. Campbell, who will continue as Executive Vice President and Chief Financial Officer of Investar Bank. Campbell’s new agreement includes an annual base salary of $350,000 and eligibility for incentive compensation of up to 45% of his base salary each year. The initial term of this agreement extends through October 31, 2028, with automatic annual renewals unless notice is given.
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