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CapStar Financial Holdings, Inc. (NASDAQ: CSTR) is a Nashville-based banking leader providing tailored financial solutions for businesses and consumers. This dedicated news hub offers investors and stakeholders immediate access to official corporate announcements and market developments.
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CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), has appointed Greg Lindsay as Senior Vice President and Commercial Relationship Manager, focusing on the Knoxville market. Lindsay, who has extensive experience in commercial lending, especially in the medical sector, will enhance CapStar's banking services for privately owned businesses and real estate investors. CapStar, with assets of $2.98 billion, aims to provide personalized banking experiences and is recognized for its customer service in small business banking.
CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), hires Joey Patterson as Senior Vice President and Commercial Relationship Manager. Patterson will focus on banking privately owned businesses and real estate investors in Rutherford and Williamson counties. His experience includes serving as Vice President - Commercial Lender at TriStar Bank, and he holds a bachelor's degree in business administration along with several financial licenses. CapStar Bank, with assets of $2.98 billion, emphasizes personalized banking services and has been recognized for customer service excellence.
CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), has appointed Tom O’Connor as the new Middle Tennessee Market President. O’Connor, with over 20 years in banking, will oversee business development in the Nashville area. The bank plans to expand services and hire more staff in 2021. Additionally, Ken Webb has been appointed Chairman for Middle Tennessee. CapStar Bank, with assets of $2.98 billion, aims to deliver personalized banking experiences and was recognized as a national Customer Service Leader for small business banking.
CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), has appointed Evan Barker as Senior Vice President - Healthcare and Commercial Relationship Manager. With over 25 years of experience, Barker specializes in providing financial solutions for high-growth healthcare segments. This strategic hire aligns with CapStar's focus on the healthcare sector, which constitutes a significant portion of their portfolio. CapStar Bank, with assets totaling $2.98 billion, is recognized for its exceptional customer service in small business banking.
CapStar Financial Holdings reported a net income of $9.7 million ($0.44 per diluted share) for Q4 2020, up from $5.4 million ($0.29 per diluted share) in Q4 2019. Annual net income for 2020 reached $24.7 million ($1.22 per diluted share), compared to $22.4 million in 2019. Key financial metrics include annualized return on average assets at 1.27% and return on average equity at 11.30%. The company declared a quarterly dividend of $0.05 per common share, payable on February 24, 2021. Overall, CapStar emphasizes strong financial performance despite challenges from the pandemic.
CapStar Financial Holdings, Inc. (NASDAQ: CSTR) announced the appointment of Sam DeVane and Valora Gurganious as directors, effective January 28, 2021. Both directors will also serve on the board of CapStar Bank. DeVane, a retired Nashville Office Managing Partner at Ernst & Young, brings over 30 years of experience in public accounting, while Gurganious is a Senior Management Consultant with expertise in healthcare and operational efficiency. The company emphasizes these appointments as enhancing its strategic direction and operational capabilities.
CapStar Financial Holdings, Inc. (NASDAQ:CSTR) will announce its fourth quarter 2020 earnings after the market closes on January 28, 2021. A conference call and webcast will take place on January 29, 2021, at 9:00 a.m. Central Time to discuss the financial results. Participants can access the call at (844) 412-1002, using Conference ID: 1963565. A live webcast and archived version will be available on CapStar's investor relations website.
CapStar Bank has appointed Wes Barringer as Senior Vice President and Commercial Relationship Manager, focusing on the Nashville metro market. Barringer, with over 20 years of banking experience, previously worked at JPMorgan Chase and GE Capital. The bank aims to leverage his expertise to strengthen its services for privately owned businesses and real estate investors. CapStar Bank, recognized for excellent small business customer service, manages assets of $3.02 billion and continues to grow amidst Nashville's economic expansion.
CapStar Financial Holdings announced its participation in the Piper Sandler East Coast Financial Services Virtual Conference on November 9-10, 2020. Key executives, including Tim Schools (President and CEO), Denis Duncan (CFO), and Chris Tietz (Chief Credit Officer), will represent the company. An investor presentation will be available on the company’s Investor Relations page before the conference. As of September 30, 2020, CapStar had total assets of $3.02 billion, total loans of $1.91 billion, and total deposits of $2.62 billion.
CapStar Financial Holdings (CSTR) reported a third-quarter net income of $7.5 million, with diluted earnings per share at $0.34, a slight decrease from 2019. Excluding merger-related charges, operating earnings per share increased to $0.43. The company boasts strong pre-tax pre-provision income growth at 39.3% year-over-year, reaching $11.7 million. Deposit growth surged by 12.8%, and tangible book value per share rose 6.2% to $12.92. A quarterly dividend of $0.05 was approved, to be paid on November 25, 2020.
