Capstar Finl Hldgs Inc - CSTR STOCK NEWS

CapStar Financial Holdings reported a net income of $10.7 million ($0.48 per diluted share) for Q1 2022, down from $12.5 million in Q4 2021. Annualized return on average assets was 1.37% and return on average equity 11.39%. The company increased its dividend by 67%, declaring $0.10 per share payable on May 25, 2022. Total revenue reached $30.2 million, reflecting a $3.9 million decline quarter-over-quarter. Loan growth remained strong, with an increase of 31.1% in average loans held for investment.

CapStar Financial Holdings, Inc. (NASDAQ: CSTR) announced its first quarter 2022 earnings release will be issued after market close on April 21, 2022. A conference call to discuss the financial results is scheduled for April 22, 2022, at 9:00 a.m. Central Time. Analysts and investors are invited to participate in the Q&A session following the presentation. The call can be accessed via telephone or a live webcast available on CapStar's investor relations website.

CapStar Financial Holdings, Inc. (CSTR), parent of CapStar Bank, was awarded the Raymond James Bankers Cup, ranking in the top 10% of community banks in 2021. Out of 229 qualifying banks, CapStar is one of only 23 winners and the only Tennessee bank to earn this honor. Additionally, CapStar was ranked #18 among large community banks by S&P Global and recognized by Hovde Group and Piper Sandler for its exceptional performance. As of December 31, 2021, CapStar reported total assets of $3.1 billion, loans of $2.0 billion, and deposits of $2.7 billion.

CapStar Financial Holdings (CSTR) has been recognized as one of the top-performing banks in the nation by S&P Global Market Intelligence, ranking #18 among community banks with assets between $3 billion and $10 billion for 2021. The bank is the highest-ranking institution in Tennessee. Additionally, Hovde Group included CapStar in its Class of 2022 High Performers, acknowledging its profitability and asset quality among banks with market capitalizations under $1 billion. This recognition highlights CapStar's commitment to delivering personalized banking experiences.

CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), has appointed Richard Stone as Senior Vice President and Market President for Rutherford and Williamson Counties. Stone brings over 20 years of banking experience, including leadership roles at Reliant Bank and JP Morgan Chase. CapStar, with $3.1 billion in assets, aims to enhance its customer service and banking experience in these rapidly growing Tennessee counties. The hiring reflects CapStar's commitment to strategic growth and delivering personalized banking solutions amid increasing competition in the regional banking sector.

CapStar Financial Holdings, Inc. (NASDAQ:CSTR) has announced key management changes effective February 11, 2022. Michael J. Fowler returns as Executive Vice President and Chief Financial Officer, replacing Denis J. Duncan, who has retired. Fowler, with over 40 years in banking, previously stepped down to care for his wife during her illness. Amy C. Goodin takes on the role of Chief Risk Officer and Corporate Secretary, bringing extensive experience from her 22 years at CapStar. These appointments aim to strengthen the company's leadership and focus on enterprise risk management.

CapStar Financial Holdings, a bank holding company based in Nashville, announced that CEO Tim Schools will attend the Janney West Coast CEO Forum on February 3, 2022. Prior to this engagement, an investor presentation will be accessible on the Company’s Investor Relations website. As of December 31, 2021, CapStar reported total assets of $3.1 billion, loans of $2.0 billion, deposits of $2.7 billion, and shareholders’ equity of $380.1 million, emphasizing its commitment to delivering tailored banking solutions.

CapStar Financial Holdings reported a net income of $12.5 million for Q4 2021, down from $13.1 million in Q3 2021. Yearly net income increased to $48.7 million, compared to $24.7 million in 2020. The annualized return on average assets was 1.57%, and return on average equity was 13.11%. Total revenue of $34.1 million in Q4 showed a slight decline from previous quarter's record. The company achieved a net interest margin of 3.14%. CapStar maintained strong asset quality metrics, with annualized net charge-offs at 0.04%. A dividend of $0.06 per share was approved for distribution on February 23, 2022.

CapStar Financial Holdings, Inc. (NASDAQ: CSTR) will release its fourth-quarter 2021 earnings on January 27, 2022, after market close. A conference call to discuss the financial results is scheduled for January 28, 2022, at 9:00 a.m. Central Time, with access available via telephone and webcast. Analysts and investors are encouraged to participate in the Q&A session. For additional details, visit CapStar's investor relations webpage.