Capital City Bk Stock Price, News & Analysis

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.

On July 26, 2022, Capital City Bank Group reported a second quarter net income of $8.7 million, or $0.51 per diluted share, up from $8.5 million in Q1 2022 and $7.4 million in Q2 2021. For the first half of 2022, net income reached $17.2 million, reflecting a slight increase from $16.9 million in 2021. Key highlights include a 14.7% growth in net interest income, driven by strong loan growth and higher rates, despite a 3.5% decline in noninterest income due to lower insurance commission revenues. Total assets increased to $3.974 billion, with period-end loan balances up by 11.5%.

The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.16 per share, reflecting an annualized rate of $0.64. This translates to an annualized dividend yield of 2.41%, based on the closing stock price of $26.52 on May 25, 2022. The dividend is payable on June 20, 2022, to shareholders of record as of June 6, 2022. Capital City Bank Group holds approximately $4.3 billion in assets and provides a wide range of banking and financial services across Florida, Georgia, and Alabama.

On April 25, 2022, Capital City Bank Group (NASDAQ: CCBG) reported a net income of $8.5 million for Q1 2022, equating to $0.50 per diluted share, up from $6.4 million ($0.38) in Q4 2021 but down from $9.5 million ($0.56) in Q1 2021. Loan balances rose by $54 million (2.8%), and noninterest income increased by 4.6%, due to growth in wealth management fees. Noninterest expenses decreased by $1.0 million (2.4%). The company maintained strong credit quality without any credit loss provisions, positioning itself to navigate economic challenges amid rising inflation and tightening monetary policies.