CSTR - CapStar Financial GAAP EPS of $0.48 beats by $0.03 revenue of $30.23M misses by $1.25M

CapStar Financial press release (NASDAQ:CSTR): Q1 GAAP EPS of $0.48 beats by $0.03. Revenue of $30.23M (-6.1% Y/Y) misses by $1.25M. Annualized return on average assets and return on average equity for the quarter ended March 31, 2022 were 1.37 percent and 11.39 percent, respectively.  The Company's average deposits totaled $2.70B in the first quarter of 2022, equal to the fourth quarter of 2021. The Company’s first quarter effective income tax rate decreased to ~19.6 percent compared to 22.5 percent for the prior quarter ended December 31, 2021. The Company anticipates its effective tax rate for 2022 to be approximately 20 percent.

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CapStar Financial GAAP EPS of $0.48 beats by $0.03, revenue of $30.23M misses by $1.25M