CapStar Financial Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 05:36 pm EDT
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CapStar Financial Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 20.37 million compared to USD 25.55 million a year ago. Net income was USD 8.93 million compared to USD 8.04 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.37 a year ago.
For the nine months, net interest income was USD 66.16 million compared to USD 71.13 million a year ago. Net income was USD 23.18 million compared to USD 28.69 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 1.3 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 1.3 a year ago.
CapStar Financial Holdings, Inc. is a bank holding company. The Company operates primarily through its wholly owned subsidiary, CapStar Bank. The Company provides traditional banking and other financial services through its 31 bank locations and 360 associates. Through Commercial Banking service, it offers a full range of banking services to businesses and professionals, including deposit and savings accounts, treasury management services, as well as financing for commercial and industrial needs, owner-occupied real estate, construction and land development, and non-owner-occupied income producing real estate some of which are sold in the secondary market. Through Consumer Banking service, it offers a full range of banking services to individuals, including deposit and savings accounts, as well as residential real estate loans, home equity loans, and other consumer loans. through Wealth Management service, it specializes in helping individuals develop sound retirement strategies.