Capital City Bk Stock Price, News & Analysis

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.

The Board of Directors of Capital City Bank Group declared a quarterly cash dividend of $0.16 per share, translating to an annualized rate of $0.64 per share. This dividend will be payable on March 21, 2022, to shareholders of record as of March 7, 2022. The annualized dividend yield stands at 2.30%, based on a closing stock price of $27.86 on February 23, 2022. Capital City Bank Group, with approximately $4.3 billion in assets, offers a comprehensive range of banking services across Florida, Georgia, and Alabama.

Capital City Bank Group (NASDAQ: CCBG) reported a net income of $6.4 million ($0.38 per diluted share) for Q4 2021, down from $10.1 million in Q3 2021 and $7.7 million in Q4 2020. For the full year, net income increased to $33.4 million ($1.98 per diluted share) from $31.6 million in 2020. Highlights include a 1.9% rise in operating revenues, average loans up by $8 million, and a $101 million increase in average deposits. However, noninterest income dropped to $24.7 million in Q4, and noninterest expense rose by 1.3%. Strong credit quality metrics showed no loan loss provision and an allowance coverage ratio of 1.12%.

Capital City Bank Group has appointed four new members to its Board of Directors: Will Butler, Kimberly Crowell, Bonnie Davenport, and Ash Williams. Each brings extensive experience from diverse fields including real estate, franchising, architecture, and investment management. Chairman William G. Smith Jr. expressed confidence that their varied expertise will enhance the board's effectiveness. CCBG, with approximately $4 billion in assets, provides a range of financial services across Florida, Georgia, and Alabama.

On November 18, 2021, Capital City Bank Group, Inc. (NASDAQ: CCBG) announced a quarterly cash dividend of $0.16 per share, resulting in an annualized rate of $0.64. The dividend is payable on December 20, 2021, to shareholders on record as of December 6, 2021, yielding an annualized rate of 2.31% based on a closing stock price of $27.69 as of November 17. Capital City Bank Group, headquartered in Florida, has around $4.0 billion in assets and provides a variety of banking services across Florida, Georgia, and Alabama.

Capital City Bank Group (CCBG) reported net income of $10.1 million, or $0.60 per diluted share, for Q3 2021, up from $7.4 million in Q2 2021. Year-to-date net income for 2021 reached $27.0 million, an increase from $23.8 million in 2020. Net interest income rose by 6.5% to $27.7 million, driven by higher loan fees, particularly from SBA PPP loans. The return on average assets was 0.99%, up from 0.75% in Q2 2021. Noninterest expense decreased by $2.4 million due to lower pension settlement charges. The company indicated strong credit quality with no loan loss provisions recorded.