CSTR - CapStar Financial GAAP EPS of $0.47 misses by $0.02 revenue of $31.2M misses by $0.05M
- CapStar Financial press release ( NASDAQ: CSTR ): Q4 GAAP EPS of $0.47 misses by $0.02 .
- Revenue of $31.2M (-8.5% Y/Y) misses by $0.05M .
- The fourth quarter efficiency ratio adjusted for the operational loss recovery was 55.57%.
- The provision for credit losses for fourth quarter totaled $1.5M, an increase from $0.9M in third quarter 2022.
- The allowance for loan losses plus the fair value mark on acquired loans to total loans increased to 1.13% as of December 31, 2022 compared to 1.09% as of September 30, 2022.
- The company’s fourth quarter effective income tax rate increased slightly to 21% when compared to 20% in the prior quarter ended September 30, 2022.
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CapStar Financial GAAP EPS of $0.47 misses by $0.02, revenue of $31.2M misses by $0.05M