Capital City Bk Stock Price, News & Analysis

Capital City Bank Group reported a net income of $15.0 million or $0.88 per diluted share for Q1 2023, up from $11.7 million in Q4 2022 and $8.5 million in Q1 2022. Highlights include a 6% increase in net interest income and a 5.9% rise in average loans, with a net interest margin increase of 28 basis points to 4.04%. Noninterest income increased $1.3 million primarily due to higher mortgage banking revenues. Noninterest expenses decreased by 4.3% to $40.5 million, benefiting from the absence of pension settlement charges. The tangible book value per share grew by 5.7% to $18.50. However, average deposits declined by 2.9% compared to the previous quarter.

The Board of Directors of Capital City Bank Group has declared a quarterly cash dividend of $0.18 per share on its common stock, translating to an annualized yield of 2.12%. This dividend is payable on March 20, 2023 to shareholders of record as of March 6, 2023. The declaration reflects the bank's commitment to returning value to its investors. Capital City Bank Group, headquartered in Florida, manages approximately $4.5 billion in assets and offers comprehensive financial services across the southeastern U.S.

Capital City Bank celebrated the grand opening of its new office located at 11275 U.S. Highway 98 E., Inlet Beach, FL on February 2, 2023. The event featured a ribbon cutting ceremony along with open-house tours and refreshments. Key executives included CEO Bill Smith and other senior leaders from Capital City Bank and The St. Joe Company. Capital City Bank Group, with approximately $4.5 billion in assets, provides a range of banking services and operates 58 offices across Florida, Georgia, and Alabama.

Capital City Bank Group (NASDAQ: CCBG) reported a net income of $11.7 million for Q4 2022, up from $11.3 million in Q3 2022 and $6.4 million in Q4 2021. Full year 2022 net income reached $40.1 million, marking a 20% increase from $33.4 million in 2021. Strong growth in net interest income of 14% and loan growth of $179 million (7.6%) contributed to this. However, noninterest income decreased by 8.5%, primarily due to lower mortgage banking revenues. A pension settlement charge of $1.8 million impacted noninterest expenses. The bank’s tangible book value per share increased by 7.2%, while credit quality metrics remained strong amidst economic uncertainties.

The Board of Directors of Capital City Bank Group (NASDAQ: CCBG) announced a quarterly cash dividend of $.17 per share, reflecting an annualized rate of $.68. The dividend is set to be paid on December 19, 2022, for shareholders of record as of December 5, 2022. This results in an annualized dividend yield of 1.94%, based on a stock price of $34.97 as of November 16, 2022.

Capital City Bank Group boasts approximately $4.4 billion in assets and offers a comprehensive suite of banking services across Florida, Georgia, and Alabama.

Capital City Bank Group reported a net income of $11.3 million, or $0.67 per diluted share, for Q3 2022, an increase from $8.7 million in Q2 2022. Year-to-date income reached $28.5 million, up from $27.0 million in 2021. Key highlights include an 18% growth in net interest income, a net interest margin increase to 3.31%, and a solid loan growth of 6.0%. However, noninterest income decreased by 7.9% due to lower mortgage revenues. The company's credit quality remains robust with only minor increases in provisions for credit losses.

Capital City Bank Group, Inc. (NASDAQ: CCBG) announced that Jep Larkin will become the new Executive Vice President and Chief Financial Officer effective January 1, 2023, succeeding long-time CFO J. Kimbrough Davis, who is retiring after 41 years with the company. Larkin, with 36 years at Capital City, is currently the Senior Vice President and Controller. He has extensive experience in various leadership roles and is well-regarded within the organization. His appointment is expected to ensure continuity and strengthen leadership as the company navigates future challenges.

The Board of Directors of Capital City Bank Group (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.17 per share, marking a 6.25% increase from the previous dividend of $0.16. This brings the annualized dividend to $0.68 per share, equating to an annualized yield of 2.03% based on the stock's closing price of $33.56 on August 24, 2022. The dividend is payable on September 26 to shareholders on record as of September 12, 2022.