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Bear State Posts $2.3M Profit in 1Q

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Bear State Financial Inc. of Little Rock, the publicly traded holding company for Bear State Bank, announced Friday that it had earned $2.3 million in the first quarter of 2015.

The quarterly profit compares to a loss of $277,000 in the same period of 2014, shortly before the company, then called First Federal Bancshares, acquired First National Bank of Hot Springs and Heritage Bank of Jonesboro.

More: Read the company’s news release on first-quarter earnings.

In February, Bear State collapsed its legacy thrift charter, First Federal Bank of Harrison, and the Heritage Bank charter into the First National Bank charter and moved the combined bank’s headquarters to Little Rock.

Assets as of March 31 were $1.48 billion. Its stock, listed on the Nasdaq under the symbol BSF, was trading at $9.94 late Friday morning, up a penny from Thursday’s close.

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