CapStar Bank Announces Fourth Quarter Earnings
Emphasis on organic growth drives 51 percent increase in net income
Emphasis on organic growth drives 51 percent increase in net income
NASHVILLE, Tenn., Jan. 29, 2016 /PRNewswire/ -- CapStar Bank reported net income of $2.09 million for the quarter ended December 31, 2015. For the full year, the bank reported net income of $7.56 million compared to $5.00 million in 2014, an increase of 51 percent driven by strong fee income growth, consistent loan growth, and continued core deposit growth.
"Despite another year of historically low interest rates, our associates delivered strong results in 2015," said Claire Tucker, President and Chief Executive Officer of CapStar Bank. "We are excited about the outlook for 2016 as we focus on organic growth, leveraging our investments in talent and strong capital base to further increase shareholder returns."
Profitability
Growth
"Our lenders continue to post consistent loan growth focusing on full relationship customers while maintaining our desired credit standard," said Dan W. Hogan, Chief Operating Officer.
Soundness
"We have emphasized sound, profitable growth, which is directly reflected in our quarterly and year-end results," said Rob Anderson, Chief Financial Officer. "In addition, our balance sheet is positioned to benefit from the mid-December increase in the federal funds rate. Combined with our sound credit metrics and capital levels, we are poised for a strong performance in 2016. "
CapStar Bank opened on July 14, 2008. The tenth largest bank in Nashville's MSA with assets of $1.2 billion, CapStar is a full service, commercially oriented bank. CapStar has two branches in Davidson County, one branch in Williamson County and two in Sumner County. For more information about CapStar, visit www.CapStarBank.com.
CapStar Bank: We're listening.
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SOURCE CapStar Bank
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