Welcome to our dedicated page for Capital City Bk news (Ticker: CCBG), a resource for investors and traders seeking the latest updates and insights on Capital City Bk stock.
Capital City Bank Group, Inc. (NASDAQ: CCBG) is a financial holding company in the commercial banking industry, with operations concentrated in Florida, Georgia and Alabama through its subsidiary Capital City Bank. This news page aggregates company-issued updates and market-moving announcements so readers can review how the bank communicates its financial performance, capital actions and corporate developments over time.
Recent news releases from Capital City Bank Group cover topics such as quarterly earnings results, dividend declarations and leadership appointments. The company reports net income attributable to common shareowners, trends in net interest income and net interest margin, provision for credit losses, noninterest income and noninterest expense. These earnings communications offer insight into loan and deposit balances, earning asset mix and allowance for credit losses, helping observers understand the bank’s operating profile.
Capital City Bank Group also uses news releases to announce quarterly cash dividends on its common stock, including the declared per-share amount and record and payment dates. Other announcements highlight appointments to senior roles, such as chief retail officer or chief lending officer, and describe responsibilities for managing retail sales, service and operations or lending strategies. In addition, the bank has shared recognition it has received from publications and industry groups for workplace culture and banking performance.
Investors and followers of CCBG can use this news stream to monitor scheduled earnings release dates, review detailed quarterly results and track changes in leadership or strategic focus as described by the company. Bookmarking this page provides a single location to review Capital City Bank Group’s official news flow and assess how its communications evolve across reporting periods.
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.
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