CALABASAS, Calif. - (04/27/05) -- Digital Insight Corp. said Tuesdaynet income for its first quarter soared 38% to $5.7 million, or 16cents a share, driven by a strong 18% rise in Internet bankingrevenue. Total revenues rose 13% for the first quarter, to $51.7million, compared to the same period last year. Business bankingrevenues climbed 8%, while lending revenues slumped 20%, due mainlyto client attrition. The company remained in a strong cashposition, with no debt and announced another $25 million stockrepurchase plan. DI completed a previous $25 million stockrepurchase in the fourth quarter last year, buying back 1.3 millionshares at an average price of $16.64 each.
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Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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