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.
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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.
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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.