CapStar Financial Holdings (CSTR) Raises Quarterly Dividend 10% to $0.11; 3% Yield
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CapStar Reports First Quarter 2023 Results and 10% Dividend Increase
April 21, 2023 12:46 AM EDTNASHVILLE, Tenn., April 20, 2023 (GLOBE NEWSWIRE) -- CapStar Financial Holdings, Inc. (CapStar) (NASDAQ: CSTR) today reported net income of $6.4 million or $0.30 per diluted share, for the quarter ended March 31, 2023, compared with net income of $10.3 million or $0.47 per diluted share, for the quarter ended December 31, 2022, and net income of $10.7 million or $0.48 per diluted share, for the quarter ended March 31, 2022. Annualized return on average assets and return on average equity for the quarter ended March 31, 2023 was 0.83% and 7.41%, respectively. First quarter results include a $2.0 million loss, or $0.07 per share, related to Signature Bank subordinated... More
