Welcome to our dedicated page for Capstar Finl Hldgs news (Ticker: CSTR), a resource for investors and traders seeking the latest updates and insights on Capstar Finl Hldgs stock.
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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Discover timely updates spanning commercial banking innovations, community investment programs, and leadership decisions. The repository includes essential filings, operational milestones, and analysis of market positioning within the competitive financial services sector.
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CapStar Financial Holdings, Inc. (CSTR) will release its third quarter 2020 earnings after market close on October 22, 2020. A conference call is scheduled for October 23, 2020, at 9:00 a.m. Central Time to discuss the financial results. Interested analysts and investors can participate in a Q&A session following the presentation. The conference call can be accessed by calling (844) 412-1002 with the conference ID 5490625. A live webcast will also be available on CapStar's investor relations website.
CapStar Financial Holdings (NASDAQ: CSTR) announced a leadership change due to CFO Mike Fowler stepping down for family health reasons, assuming the Treasurer role. Tim Schools, the president and CEO, expressed strong support for Fowler's decision. Denis Duncan has been appointed as the new CFO, effective September 21, 2020. Duncan, a former senior partner at PwC, brings extensive experience in banking, finance, risk management, and corporate governance. CapStar's total assets as of June 30, 2020, were $2.45 billion, with gross loans of $1.59 billion and total deposits of $2.10 billion.
Nashville-based CapStar Financial Holdings, Inc. (NASDAQ: CSTR) announced participation in the Raymond James U.S. Bank Conference on September 9-10, 2020. Key executives including Timothy K. Schools (President and CEO), Christopher G. Tietz (Chief Credit Officer), and Michael J. Fowler (Chief Financial Officer) will represent the company. An investor presentation will be accessible on the Company’s website prior to the event. As of June 30, 2020, CapStar reported total assets of $2.45 billion and gross loans of $1.59 billion.
CapStar Financial Holdings, Inc. (NASDAQ: CSTR) announced participation in the KBW Virtual Community Bank Investor Conference from July 28 to 30, 2020. Key executives, including Timothy K. Schools (President and CEO), Christopher G. Tietz (Chief Credit Officer), and Michael J. Fowler (Chief Financial Officer), will represent the company. An investor presentation is accessible on the company's Investor Relations webpage. As of June 30, 2020, CapStar's financials include total assets of $2.45 billion, gross loans of $1.59 billion, and total deposits of $2.10 billion.
CapStar Financial Holdings (NASDAQ: CSTR) announced a partnership with Gaylon Lawrence to resolve outstanding litigation and enhance stakeholder relations. This agreement entails regular meetings between management and Lawrence, who is limited to a 9.9% investment in the company for 21 months. Timothy K. Schools, CapStar's CEO, expressed optimism about the company's growth potential, citing Nashville's $64 billion deposit market and ongoing industry consolidation as opportunities for success. As of June 30, 2020, CapStar reported total assets of $2.45 billion.
CapStar Financial Holdings, Inc. (CSTR) reported a net income of $6.2 million for Q2 2020, with diluted earnings per share increasing to $0.34, up $0.03 from Q2 2019. Pre-tax pre-provision income rose to $9.6 million, showing a 26.3% increase year-over-year. The company faced merger-related expenses and a provision for loan losses of $1.6 million. Average deposits increased by 21.1% to $2.03 billion. A dividend of $0.05 per share was approved, payable on August 27, 2020. Return on average assets stood at 1.06%, while net interest margin fell to 3.23% due to PPP loans impact.
CapStar Financial Holdings, Inc. (NASDAQ:CSTR) announced it will release its Q2 2020 earnings after market close on July 23, 2020. A conference call will follow on July 24, 2020, at 9:00 a.m. Central Time to discuss the financial results, with a Q&A session for analysts and investors. The call can be accessed by phone or through a live webcast available on CapStar's investor relations website.
CapStar Financial Holdings (CSTR) has successfully completed its acquisition of FCB Corporation, including its subsidiaries, The First National Bank of Manchester and The Bank of Waynesboro. This strategic move adds nine branches and approximately $480 million in assets in Middle Tennessee, expanding CapStar's footprint and enhancing its community banking mission. CapStar aims to leverage the strengths of FCB's established operations, aiming for increased efficiencies and shareholder value through this merger.
CapStar Financial Holdings announced a private placement of $30 million in 5.25% fixed-to-floating rate subordinated notes due 2030. The Notes are unsecured, with a ten-year term, and will pay 5.25% fixed interest for five years, transitioning to a benchmark rate plus 513 basis points thereafter. The proceeds will fund upcoming mergers with The First National Bank of Manchester and The Bank of Waynesboro, along with general corporate purposes. The Notes qualify as Tier 2 capital for regulatory needs.
CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), has received notable accolades from Bauer Financial, Greenwich Associates, and Women on Boards. The bank achieved a five-star rating for financial strength from Bauer Financial, marking its fifth consecutive quarter of excellence. Greenwich recognized CapStar as a leader in customer experience across three banking categories. Additionally, the company was distinguished for its commitment to board diversity, being among the 52% of Russell 3000 companies meeting female representation criteria.
