Capital City Bk Stock Price, News & Analysis

Capital City Bank has promoted Lynne Jensen to Chief Technology Officer. In this role, Jensen will lead the bank's technology strategy, overseeing product development, cybersecurity, application architecture, AI platforms, infrastructure management, budgeting, and operational efficiency. With nearly three decades of experience in the technology sector, Jensen has been with Capital City Bank since 2004, most recently serving as IT network manager. Her promotion underscores the bank's commitment to technological advancement and expansion.

Jensen's prior experience includes roles at the Florida House of Representatives, PresGar Companies, iLIANT , and Medical Manager Health Systems/WebMD. She holds a Bachelor of Science in Information Technology from Colorado Technical University and is actively involved in animal welfare causes, volunteering with Born Free USA for the past eight years.

Capital City Bank has appointed Ashley Leggett as its new Chief People Officer. In this role, Leggett will oversee a newly formed talent division, encompassing Human Resources, Culture, and Learning and Development departments. Her primary focus will be on enhancing associate experiences throughout their tenure with the bank.

Leggett, a Tallahassee native and second-generation banker, brings 16 years of experience in various banking roles. She has served as the Human Resources senior operations manager for the past 18 months. Leggett's commitment to community service is evident through her involvement with numerous organizations and her receipt of the Julian V. Smith Community Involvement Award in 2024.

Bill Smith, Capital City Bank Group chairman, president and CEO, emphasized the importance of workplace culture, associate services, and development in delivering quality experiences for both internal and external stakeholders.

Capital City Bank has climbed to 19th place among Florida Trend's 'Best Companies To Work For In Florida' in the 'Large Companies' category, up from 24th last year. This marks the bank's 13th consecutive year on the list. The recognition highlights Capital City Bank's commitment to enhancing employee experience through initiatives focused on skill-building, career progression, and peer connections.

In addition to this accolade, Capital City Bank has received other notable recognitions:

• Ranked 15th out of 100 in Forbes' America's Best Banks list
• Consistently ranked among top employers in the financial industry by American Banker magazine
• Named in the 'Best Banks to Work For' feature for the 11th consecutive year

The 'Best Companies To Work For In Florida' program evaluates workplace policies, practices, and employee satisfaction, providing valuable insights for companies seeking to improve their work environments.

Capital City Bank Group (NASDAQ: CCBG) reported net income of $14.2 million, or $0.83 per diluted share, for Q2 2024. Key highlights include:

- Tax-equivalent net interest income increased to $39.3 million from $38.4 million in Q1 2024

- Net interest margin rose slightly to 4.02%

- Noninterest income grew by $1.5 million, or 8.3%, due to higher mortgage banking revenues

- Loan balances decreased slightly by 0.1% (average) and 1.5% (end of period)

- Deposit balances increased by 1.8% (average) but decreased 1.3% (end of period)

- Tangible book value per diluted share increased by 3.4%

The company maintained stable credit quality metrics and a well-controlled noninterest expense. The effective tax rate was reduced due to a new investment in a solar tax credit fund.

On May 30, 2024, Capital City Bank Group announced a quarterly cash dividend of $0.21 per share on its common stock, payable on June 24, 2024, to shareholders of record as of June 10, 2024. The annualized dividend amounts to $0.84 per share, yielding 3.14% based on a closing stock price of $26.74 on May 29, 2024.

Capital City Bank Group (CCBG) announced on May 24, 2024, that it received a notice from Nasdaq on May 21, 2024, regarding a deficiency due to the delayed filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. This delay means CCBG is not in compliance with Nasdaq Listing Rule 5250(c)(1). However, this notice has no immediate effect on the listing or trading of CCBG stock. The company has 60 days from the notice date to submit a compliance plan to Nasdaq and potentially up to 180 days to meet the requirements if the plan is accepted. CCBG aims to file the Form 10-Q within the prescribed timeline to avoid submitting a compliance plan.