Capital City Bk Stock Price, News & Analysis

Capital City Bank (NASDAQ:CCBG) has appointed William G. Smith III to its board of directors, marking the fourth generation of the Smith family to serve on the board since 1919. Smith, who has been with the bank for 18 years, currently serves as the Chief Lending Officer, responsible for the bank's lending strategies.

Smith's career at Capital City Bank began in 2007, progressing through various leadership roles including small business, commercial banking, and private banking. He served as market president for Leon County from 2020 to 2023, followed by his role as North Florida Region executive, before being appointed as Chief Lending Officer in January 2025.

Capital City Bank Group (NASDAQ: CCBG) announced significant leadership changes effective July 1, 2025. Bethany Corum, currently COO, will become the first female president of Capital City Bank in its 130-year history. Tom Barron, who served as president for 30 years, will transition to president of Capital City Bank Group and chairman of the Capital City Bank Board. William G. Smith Jr. will continue as Capital City Bank Group chairman and CEO. Corum, who joined in 2006, has overseen various departments including commercial lending, retail management, and operations as COO since 2015. Barron, with 51 years at the bank, was instrumental in forming Capital City Bank Group in 1984 and consolidating its brands in 1995. These appointments reflect the company's strategic effort to diversify executive leadership and strengthen management for future growth.

Capital City Bank Group (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.24 per share on its common stock. The dividend will be paid on June 23, 2025, to shareholders of record as of June 9, 2025. Based on the closing stock price of $38.06 on May 28, 2025, this quarterly dividend translates to an annualized rate of $0.96 per share, representing a dividend yield of 2.52%.

Capital City Bank Group (NASDAQ: CCBG) reported strong Q1 2025 results with net income of $16.9 million, or $0.99 per diluted share, up from $13.1 million ($0.77/share) in Q4 2024 and $12.6 million ($0.74/share) in Q1 2024.

Key highlights include: tax-equivalent net interest income of $41.6 million, net interest margin increase to 4.22%, improved credit quality with net loan charge-offs at nine basis points, and noninterest income growth of $1.1 million (6.1%). Deposit balances increased by $111.9 million (3.0%) while loan balances showed a modest increase of $9.2 million (0.4%).

The quarter benefited from a $0.17 per share gain from the sale of operations center building. The bank maintained strong capital ratios with total risk-based capital at 19.20% and common equity tier 1 capital at 16.08% as of March 31, 2025.

Capital City Bank Group (NASDAQ: CCBG) has scheduled the release of its first quarter 2025 financial results for Monday, April 21, 2025, before market opening. The earnings report will be made available to investors through the company's Investor Relations website at investors.ccbg.com.

Capital City Bank has inaugurated its new banking office at 8403 West Bay Parkway, Panama City Beach, at the entrance of the Latitude Margaritaville Watersound community on March 11, 2025. This marks the bank's fifth service location across Bay and Walton counties.

The new West Bay Office features advanced virtual teller technology, offering live banker assistance via video chat from 7 a.m. to 9 p.m. on weekdays and 9 a.m. to 3 p.m. on Saturdays. The location is equipped with a Smart ATM for 24/7 self-service banking, capable of processing up to 30 items per transaction.

Since establishing its first loan production office in Panama City Beach in March 2018, Capital City Bank has steadily expanded its presence in the region. The bank now operates multiple locations including Santa Rosa Beach, Breakfast Point community, Watersound Town Center in Inlet Beach, and Lynn Haven, providing comprehensive consumer and business banking, lending, trust and wealth management solutions.

Capital City Bank Group (NASDAQ: CCBG) has announced a quarterly dividend increase to $0.24 per share, representing a 4.35% rise from the previous quarter's $0.23. The dividend will be paid on March 24, 2025 to shareholders of record as of March 10, 2025.

Based on the February 26, 2025 closing price of $36.44, this new dividend translates to an annualized yield of 2.63% and an annualized rate of $0.96 per common share.

Capital City Bank has announced strategic leadership changes with the creation of a new executive role of chief banking officer. Ramsay Sims, previously serving as chief lending officer, has been promoted to this position to provide comprehensive oversight of the bank's lending and deposit functions, focusing on growth, efficiency, and operational cohesion.

Concurrently, William Smith has been promoted to chief lending officer, filling the vacancy left by Sims. Smith previously served as North Florida Region executive, overseeing operations across multiple counties in Florida and Georgia. The reorganization aims to streamline strategic direction and enhance management efficiency.

Sims joined Capital City Bank in 2010 and brings extensive experience from previous roles at Merrill Lynch, Banc of America Securities, and GE Capital. Smith, who joined in 2007, has expertise in small business, commercial real estate, special assets, and private banking.

Capital City Bank Group (NASDAQ: CCBG) reported Q4 2024 net income of $13.1 million ($0.77 per diluted share), matching Q3 2024 and up from $11.7 million ($0.70 per diluted share) in Q4 2023. Full-year 2024 net income reached $52.9 million ($3.12 per diluted share), compared to $52.3 million ($3.07 per diluted share) in 2023.

Q4 2024 highlights include a net interest margin increase to 4.17%, deposit growth of $92.9 million (2.6%), and a 4.6% increase in tangible book value per share. The bank maintained strong credit quality with an allowance coverage ratio of 1.10%. Full-year performance showed stable net interest income at $159.2 million, increased noninterest income of 6.1%, and higher noninterest expense of 5.3%.

The bank's balance sheet reflected a $31.5 million (1.2%) quarterly decrease in loans and increased liquidity with average net overnight funds of $298.3 million.