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.
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.
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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.