IRVINE, Calif., Jan. 16, 2014 /PRNewswire/ -- Capstone Financial Group, Inc. (OTCBB: CAPP), a recently formed investment banking group, today announced its expected revenues and earnings per share for the first quarter of 2014. The firm expects a net income of $20.2 million and earnings per share in excess of $0.22 for the quarter.
"This is a tremendous start for Capstone Financial Group's second full quarter of operation," Darin Pastor, Chairman and Chief Executive Officer, said. "Revenues from several sizable investment banking deals, as well as from the wealth management firms we have acquired, position us for extremely strong first quarter results. With the quality of business that is in our pipeline for the next several quarters, I believe we are positioned to continue this kind of performance throughout 2014."
About Capstone Financial Group, Inc.
Capstone Financial Group, Inc. (CAPP) is an exclusive investment group headquartered in Irvine, Calif. Founded in 2013 by Chairman and Chief Executive Officer Darin Pastor, the company includes wholly-owned subsidiary Capstone Affluent Strategies. The firm's executive management team consists of leaders who have more than 100 collective years of experience in wealth management and investment banking, with a thorough understanding of clean technology and industrial growth, capital raising services concerning municipal government interests, and private placements and public offerings of corporate debt and corporate equity. For more information, visit www.capstonefinancialgroupinc.com.
Statements in this press release relating to Capstone Financial Group, Inc.'s future plans, expectations, beliefs, intentions and prospects are "forward-looking statements" and are subject to material risks and uncertainties. When used in this press release, the words "will," "future," "expect," "look forward to," similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Capstone Financial Group, Inc. that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. All information set forth in this press release is current as of January 16, 2014. Capstone Financial Group, Inc. undertakes no duty to update any statement in light of new information or future events.
SOURCE Capstone Financial Group, Inc.