Capstar Finl Hldgs Inc - CSTR STOCK NEWS

CapStar Bank has appointed R. Chuck Hunt as Senior Vice President, Correspondent Banking Relationship Manager, effective immediately. Hunt will enhance business development and customer service as CapStar expands its correspondent banking division beyond Tennessee into Alabama, Arkansas, Mississippi, and Louisiana. With over 25 years in financial services, Hunt previously held a senior role at First Horizon Bank. CapStar Bank, valued at $3.1 billion, prioritizes a personalized banking experience for small to mid-sized businesses through 24 centers across Tennessee and North Carolina.

CapStar Financial Holdings, headquartered in Nashville, Tennessee, announced that its President and CEO, Timothy K. Schools, along with CFO Michael J. Fowler, will attend the Janney Community Bank CEO Forum from September 18-20, 2022. A detailed investor presentation will be available on the Company’s website before the event. As of June 30, 2022, CapStar reported total assets of $3.1 billion, with total loans at $2.2 billion and deposits at $2.6 billion. For further details, visit www.capstarbank.com.

CapStar Financial Holdings (CSTR) received notable recognition in Bank Director’s report, ranking #1 in Tennessee and #14 among all U.S. banks. This ranking reflects the company's balance of growth and profitability, long-term shareholder value, and sound execution. Timothy K. Schools, CEO, attributed this achievement to the commitment of employees and customer focus. CapStar has also recently earned accolades from S&P Global Market Intelligence and the Raymond James Community Bankers Cup, showcasing its strong position with total assets of $3.1 billion as of June 30, 2022.

CapStar Financial Holdings, Inc. (NASDAQ: CSTR) announced that CFO Michael J. Fowler will participate in the KBW Community Bank Investor Conference on August 1, 2022. The investor presentation will be accessible prior to the event on the Company's website.

As of June 30, 2022, CapStar reported total assets of $3.1 billion, total loans of $2.2 billion, total deposits of $2.6 billion, and shareholders’ equity of $357.7 million. CapStar aims to provide tailored banking solutions through its subsidiary, CapStar Bank, headquartered in Nashville, Tennessee.

CapStar Financial Holdings (NASDAQ:CSTR) reported net income of $10.0 million ($0.45 per diluted share) for Q2 2022, down from $10.7 million ($0.48) in Q1 2022 and $12.1 million ($0.54) in Q2 2021. YTD net income reached $20.6 million ($0.93 per diluted share), compared to $23.1 million ($1.04) last year. Key metrics showed a net interest margin of 3.41% and an efficiency ratio of 56.32%. Noninterest income fell by $3.2 million, impacted by lower mortgage and Tri-Net revenues. The company plans to strengthen its deposit-led culture amidst a challenging rate environment.

CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), is set to open a new full-service office in the historic James Building in Chattanooga in early August. This expansion is supported by the addition of four experienced local bankers, significantly enhancing the bank's regional presence. Within just eight months, CapStar's assets have grown to $200 million, achieving preprovision profitability in six months. The strategic hiring of seasoned professionals positions CapStar to leverage Chattanooga's growing market opportunities.

CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), has appointed Brennon Gomm as Senior Vice President and Commercial Relationship Manager. Gomm joins with 21 years of banking experience, previously serving at U.S. Bank where he was the top-ranked Commercial Relationship Manager. This strategic hiring aims to enhance CapStar's service to small and medium-sized businesses across Nashville Metro and increase deposit and loan growth. With this addition, the Nashville team now boasts 14 relationship managers, reflecting a proactive investment in the region.

CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), is expanding into Asheville, North Carolina, with Martin Nesbitt as the new Asheville Market President. This move aims to serve the local market of small to medium-sized businesses and individuals, amidst a historical decline of community banks in the area. Timothy K. Schools, CEO, emphasized significant growth in previous expansions, with Chattanooga and Knoxville nearing $400 million in assets. CapStar currently boasts $3.2 billion in assets, providing personalized banking services across 23 financial centers in Tennessee.

CapStar Financial Holdings, Inc. (CSTR) announced it will release its second quarter 2022 earnings after market close on July 21, 2022. A conference call and webcast will be held on July 22, 2022, at 9:00 a.m. Central Time to discuss the financial results, allowing analysts and investors to participate in a Q&A session. Interested participants can register for the live call or access a webcast on CapStar’s website.