Capstar Financial: Q1 Earnings Snapshot
By AP News
Published - Apr 21, 2023, 05:09 AM ET
Last Updated - Jun 22, 2023, 05:05 AM EDT
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Capstar Financial Holdings Inc. (CSTR) on Friday reported first-quarter profit of $6.4 million.
The Nashville, Tennessee-based bank said it had earnings of 30 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The bank holding company posted revenue of $42.1 million in the period. Its revenue net of interest expense was $29.5 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $30.6 million.
