CapStar Financial Holdings slides on Q1 results miss

Capstar Financial Holdings

21/04/2023 16:21

** Shares of CapStar Financial Holdings Inc  CSTR.O  down
6.1% at $13.8
    ** Co reports Q1 profit of $0.30/shr, lower than $0.48/shr a
year ago
    ** Also posts Q1 NII of $23.2 mln vs $21.1 mln reported last
year 
    ** Says Q1 results include $2.0 mln loss related to
Signature Bank subordinated debt
    ** Q1 provision for credit losses was $2.4 mln, up from $1.5
mln in Q4 2022
    ** Up to last close, stock down ~21.9% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))