CSTR - CapStar Financial GAAP EPS of $0.37 beats by $0.02 revenue of $28.8M misses by $0.61M

2023-07-21 01:31:28 ET

• CapStar Financial press release ( NASDAQ: CSTR ): Q2 GAAP EPS of $0.37 beats by $0.02 .
• Revenue of $28.8M (-5.0% Y/Y) misses by $0.61M .
• The efficiency ratio was 66.61% for the quarter ended June 30, 2023 and 64.60% for the quarter ended March 31, 2023.
• The allowance for credit losses related to loans increased to 1.08% as of June 30, 2023 compared to 1.05% as of March 31, 2023.
• The company’s second quarter effective income tax rate decreased slightly to 18.6% when compared to 19.4% in the prior quarter ended March 31, 2023 and compared to the rate of 19.6% for the quarter ended June 30, 2022.
• Book value per share of common stock as of June 30, 2023 was $16.64 while tangible book value per share of common stock was $14.47 as of June 30, 2023 compared to $16.57 and $14.43, respectively, for the quarter ended March 31, 2023.

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