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) news hub provides investors with centralized access to official press releases, financial disclosures, and market-moving updates from this regional banking leader. Track the Florida-based financial holding company's strategic developments through verified announcements spanning earnings results, regulatory filings, leadership changes, and community initiatives.
This resource consolidates CCBG's financial communications including quarterly earnings calls, SEC filings like 10-K/10-Q reports, and operational updates about its retail/commercial banking services across the Southeast. Users gain efficient access to:
• Quarterly financial performance
• Regulatory compliance updates
• Strategic partnership announcements
• Leadership and board changes
Bookmark this page for streamlined monitoring of CCBG's evolving market position, capital management strategies, and community banking initiatives in Florida, Georgia, and Alabama. Always cross-reference announcements with official SEC filings for complete context.
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.
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