Capstar Financial: Q1 Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Capstar Financial Holdings Inc. (CSTR) on Thursday reported first-quarter earnings of $11 million.
The bank, based in Nashville, Tennessee, said it had earnings of 50 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The bank holding company posted revenue of $34.3 million in the period. Its revenue net of interest expense was $32.2 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $32.6 million.
Capstar Financial shares have risen 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.56, a climb of 86% in the last 12 months.