CryptoStar Corp. Q3 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

  • Earnings Highlights:
    • Earnings per share (EPS): $0.59, up from previous quarters.
    • Annualized Return on Tangible Common Equity (ROTCE): 16.28%
    • Common Equity Tier 1 Capital Ratio: ~14%
  • Key Operational Metrics:
    • Net Interest Income: $23M (flat QoQ)
    • Net Interest Margin (NIM): 3.12%, down 14 bps due to high deposit levels and less PPP fees.
    • Adjusted NIM: 3.36% (includes 40 bps drag from excess deposits and 16 bps lift from PPP fees)
    • Total Loans (ex. PPP): $42M growth QoQ; an increase of 9.4% annualized. Reached record levels.
    • PPP Loans: $64M remaining; down $46M from Q2. $2.2M in unearned fees left.
    • Loan Yield: 4.41% (up 6 bps QoQ)
  • Non-Interest Income:
    • Record performance in: Deposit service charges, interchange and debit transaction fees, wealth management.
    • TriNet revenue: $2M | SBA fees: $911K | Mortgage revenues also increased slightly.

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Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.: Operator: 00:03 Good morning, everyone and welcome to CapStar Financial Holdings Third Quarter twenty twenty one Earnings Conference Call. Hosting the call today from CapStar are Tim Schools, President and Chief Executive Officer; Denis Duncan, Chief Financial Officer; and Chris Tietz, Chief Credit Policy Officer. Please note that today's call is being recorded. Replay of the call and the earnings release and presentation materials will be available on the Investor Relations page of the company's website at capstarbank.com. 00:31 During this presentation, we may make comments, which consist of forward-looking statements within the meaning of the Federal Securities law. All forward-looking statements are subject to risks and uncertainties and other factors that may cause the actual results and the performance or achievements of CapStar to differ materially from those expressed or implied by such forward-looking statements. 00:55 Listeners are cautioned not to place undue reliance on forward-looking statements. A more detailed description of this and other risks, uncertainties and factors are contained in CapStar's public filings with the Securities and Exchange Commis

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