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CapStar Financial Holdings (NASDAQ: CSTR) has announced the election of James S. Turner, Jr. as the new non-executive Chairman of the Board, succeeding Dennis C. Bottorff after the April 2022 Annual Meeting. Bottorff, who has held the position since the company's inception, will not seek re-election. Turner, Managing Director at MarketStreet Enterprises, brings significant experience and community involvement. CapStar, with $3.1 billion in assets, aims to offer a personal banking experience to small to mid-sized businesses and individuals across Tennessee.
CapStar Bank has appointed Ellen Hackett as Senior Vice President, Commercial Credit Administration and Senior Credit Officer. With over 30 years of experience, Hackett will lead credit origination and portfolio management for commercial lending. Chief Credit Officer Kevin Lambert highlighted the growth opportunities in East and Middle Tennessee, noting the bank's commitment to attracting top talent. CapStar Bank, with assets totaling $3.1 billion, provides personalized banking services to small and mid-sized businesses across multiple Tennessee counties.
CapStar Bank’s Government Guaranteed Lending (GGL) division has been ranked as Tennessee’s third largest Small Business Administration (SBA) lender, showing a remarkable improvement from fifth place in 2020. The ranking marks the second consecutive year of nearly 70% growth. Established in 2018, the division has outpaced over 130 banks in the state, including top national institutions. CapStar has also been recognized as a leader in PPP loans, protecting over 26,000 jobs during the COVID-19 pandemic, positioning itself as a strong competitor in the SBA market.
CapStar Financial Holdings, Inc. (NASDAQ: CSTR) announced that CFO Denis Duncan will participate in the 2021 Hovde Financial Services Conference from November 3 to 5, 2021. The investor presentation will be accessible on the Investor Relations section of the company's website.
As of September 30, 2021, CapStar reported total assets of $3.1 billion, total loans of $1.9 billion, total deposits of $2.7 billion, and shareholders’ equity of $370.3 million. For more details, visit www.capstarbank.com.
CapStar Financial Holdings reported a net income of $13.1 million or $0.59 per diluted share for Q3 2021, up from $12.1 million in Q2 2021 and $7.5 million in Q3 2020. Year-to-date net income reached $36.2 million, significantly increasing from $15.0 million in 2020. Key metrics included an annualized return on average assets of 1.64% and a net interest margin of 3.12%. The company expanded operations in Chattanooga, hiring nine financial professionals. A quarterly dividend of $0.06 per share was approved, payable on November 24, 2021.
CapStar Financial Holdings (NASDAQ: CSTR) announced its plans to release third quarter earnings on October 21, 2021, after market closure. A conference call will follow on October 22, 2021, at 9:00 a.m. Central Time for analysts and investors to discuss the financial results. Interested participants can join via telephone or a live webcast, available on CapStar's investor relations website. An archived version will be accessible shortly after the event.
CapStar Financial Holdings, Inc. (NASDAQ: CSTR) has been recognized in the Piper Sandler Bank & Thrift Sm-All Stars Class of 2021, standing out as one of only 35 small-cap banks in the U.S. This accolade highlights CapStar's exceptional performance in profitability, credit quality, capital strength, and growth metrics, surpassing industry averages. The company reported total assets of $3.2 billion and total loans of $1.9 billion as of June 30, 2021. CEO Tim Schools attributed this achievement to the dedication of the team during a challenging period.
CapStar Financial Holdings announced that its President and CEO, Tim Schools, along with CFO Denis Duncan, will participate in the Janney Community Bank CEO Forum on September 21, 2021. This event is significant for stakeholders looking to gain insights into the bank's strategy and performance.
The investor presentation will be available beforehand on their website. As of June 30, 2021, CapStar reported total assets of $3.2 billion, total loans of $1.9 billion, and total deposits of $2.8 billion.
CapStar Financial Holdings, Inc. (NASDAQ: CSTR) announced participation in the Virtual KBW Community Bank Investor Conference on August 3, 2021. Key executives, including President and CEO Tim Schools and CFO Denis Duncan, will represent the company. An investor presentation will be available on the Company’s website ahead of the event. As of June 30, 2021, CapStar reported total assets of $3.2 billion, total loans of $1.9 billion, total deposits of $2.8 billion, and shareholders’ equity of $359.8 million.
CapStar Financial Holdings (CSTR) reported a net income of $12.1 million ($0.54 per diluted share) for Q2 2021, an increase from $11.0 million in Q1 2021 and $6.2 million in Q2 2020. Year-to-date net income reached $23.1 million, compared to $7.5 million in 2020. Key metrics included an annualized return on average assets of 1.57% and a return on average equity of 13.50%. Total revenue grew to $32.9 million, driven by increased net interest income. The efficiency ratio rose to 57.97%. Additionally, a quarterly cash dividend of $0.06 was announced, payable August 25, 2021.