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CapStar Financial Holdings (CSTR) reported a net income of $6.4 million or $0.30 per diluted share for Q1 2023, down from $10.3 million or $0.47 per share in Q4 2022 and $10.7 million or $0.48 in Q1 2022. The annualized return on average assets was 0.83% and return on average equity 7.41%. The net interest margin decreased to 3.24%. Total revenue declined to $29.5 million from $31.2 million in the previous quarter. A key factor was a $2.0 million loss associated with Signature Bank's subordinated debt. CapStar also announced a 10% dividend increase, raising the quarterly dividend to $0.11 per share, payable on May 24, 2023.
CapStar Financial Holdings, Inc. (NASDAQ: CSTR) has announced its first quarter 2023 earnings release scheduled for April 20, 2023, after market close. The following day, April 21, 2023, at 10:30 a.m. Central Time, the company will host a conference call and webcast to discuss its financial results. Investors and analysts are invited to participate in a Q&A session post-discussion. For access to the call and the webcast, registration is required via the provided links in the release. This event is expected to provide insights into CapStar's financial performance and future outlook.
Summary not available.
CapStar Financial Holdings, Inc. (Nasdaq: CSTR) reported its financial standing as of March 10, 2023, emphasizing its strong capital, liquidity, and asset quality amidst recent industry challenges. The company maintains a well-diversified business model, emphasizing traditional banking services without exposure to cryptocurrency or fintech. As of year-end, 53.7% of deposit accounts were under $250,000. The tangible common equity ratio stood at 9.8%, exceeding regulatory guidelines. CapStar's liquidity includes $140 million in cash and $175 million in marketable securities, with solid asset quality reflected in a 5-star Bauer Financial rating.
CapStar Financial Holdings, operating under the ticker CSTR, is participating in the Janney West Coast Bank CEO Forum from February 1-3, 2023. President and CEO Timothy K. Schools will represent the company at this significant event. Investors can access the presentation used at the forum via the Company’s Investor Relations section on its website at www.capstarbank.com.
As of December 31, 2022, CapStar held total assets of $3.1 billion, with total loans of $2.3 billion and total deposits of $2.7 billion, indicating solid financial health.
CapStar Financial Holdings reported a net income of $10.3 million or $0.47 per diluted share for Q4 2022, a rise from $8.0 million in Q3 2022 but a decline from $12.5 million in Q4 2021. For the full year, net income was $39.0 million, down from $48.7 million in 2021. The annualized return on average assets was 1.31% and return on average equity was 11.78%. Revenue increased to $31.2 million in Q4, with noninterest income rising to $6.3 million. The company maintained a strong loan pipeline exceeding $450 million, despite challenges in deposit pricing and operational losses. A quarterly dividend of $0.10 per share was declared.
CapStar Financial Holdings, Inc. (NASDAQ: CSTR) has announced it will release its fourth quarter 2022 earnings after the market closes on January 19, 2023. A conference call and webcast to discuss the financial results is scheduled for January 20, 2023, at 10:30 a.m. Central Time. Investors and analysts are invited to participate in a question-and-answer session following the presentation. The company, headquartered in Nashville, operates through its subsidiary, CapStar Bank, focusing on providing banking services across Tennessee.
NASHVILLE, Tenn., Dec. 09, 2022 - CapStar Financial Holdings (NASDAQ: CSTR) announced that President and CEO Timothy K. Schools will participate in the D.A. Davidson Southeastern Bank Summit on December 13, 2022. The investor presentation will be available on the Company's website before the event. As of September 30, 2022, CapStar had total assets of $3.2 billion, total loans of $2.3 billion, total deposits of $2.6 billion, and shareholders’ equity of $347.5 million.
CapStar Financial Holdings, based in Nashville, Tennessee, has announced that Timothy K. Schools, President and CEO, will attend the Hovde Financial Services Conference on November 3-4, 2022. The investor presentation will be accessible on their Investor Relations page before the event. As of September 30, 2022, CapStar holds total assets of $3.2 billion, total loans of $2.3 billion, total deposits of $2.6 billion, and shareholders’ equity of $347.5 million. For further details, visit www.capstarbank.com.
CapStar Financial Holdings (CSTR) reported a net income of $8.2 million ($0.37 per diluted share) for Q3 2022, down from $10.0 million ($0.45) in Q2 and $13.1 million ($0.59) in Q3 2021. The annualized return on average assets and equity were 1.03% and 8.93%, respectively. Key challenges included $2.1 million in losses from Tri-Net loans and operational losses of $2.2 million. Despite these setbacks, adjusted performance metrics showed revenue growth of $600,000 and a decline in expenses of $800,000, with net interest margin increasing to 3.50%. A quarterly dividend of $0.10 per share was approved.
