NASHVILLE, Tenn. (AP) — Capstar Financial Holdings Inc. (CSTR) on Thursday reported fourth-quarter earnings of $9.7 million.
The Nashville, Tennessee-based bank said it had earnings of 44 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 51 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The bank holding company posted revenue of $36.5 million in the period. Its revenue net of interest expense was $34.1 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $31.9 million.
For the year, the company reported profit of $24.7 million, or $1.22 per share. Revenue was reported as $119.6 million.
Capstar Financial shares have fallen nearly 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.03, a drop of almost 8% in the last 12 months.
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