Capstar Financial Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, total interest income was $15,782,000 against $13,521,000 a year ago. Net interest income was $11,543,000 against $10,843,000 a year ago. Income before income taxes was $4,210,000 against $5,935,000 a year ago. Net income was $3,656,000 against $4,419,000 a year ago. Diluted net income per common share was $0.28 against $0.35 a year ago. Non-GAAP operating net income was $4,055,000 against $4,420,000 a year ago. Non-GAAP operating diluted net income per share of common stock was $0.31 against $0.35 a year ago. Non-GAAP annualized return on average assets was 1.13% against 1.28% a year ago. Operating annualized return on average tangible equity was 10.72% against 12.96% a year ago. Book value per common share as on September 30, 2018 was $12.25 against $11.92 as on September 30, 2017. Tangible book value per share as on September 30, 2018 was $11.74 against $11.36 as on September 30, 2017. Total revenues were $14,761,000 against $14,215,000 a year ago.

For the nine months, total interest income was $44,880,000 against $38,390,000 a year ago. Net interest income was $33,976,000 against $31,345,000 a year ago. Income before income taxes was $12,065,000 against $1,550,000 a year ago. Net income was $10,363,000 against $1,409,000 a year ago. Diluted net income per common share was $0.79 against $0.11 a year ago. Non-GAAP operating net income was $11,009,000 against $1,409,000 a year ago. Non-GAAP operating diluted net income per share of common stock was $0.84 against $0.11 a year ago. Non-GAAP annualized return on average assets was 1.06% against 0.14% a year ago. Non-GAAP operating annualized return on average tangible equity was 10.09% against 1.39% a year ago. Total revenues were $43,048,000 against $39,516,000 a year ago.

The company expects tax rate to be between 21% to 23% for 2019.