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 $.16 per share, marking a 6.7% increase from the previous quarter's $.15. This dividend results in an annualized rate of $.64 per share and will be payable on September 27 to shareholders on record as of September 13. The annualized dividend yield stands at 2.74% based on the closing stock price of $23.36 on August 25, 2021.

Capital City Bank Group (CCBG) reported a net income of $7.4 million ($0.44/share) for Q2 2021, down from $9.5 million ($0.56/share) in Q1 2021 and $9.1 million ($0.55/share) in Q2 2020. The results included a $2 million pension settlement charge, impacting earnings by $0.10/share. For H1 2021, net income reached $16.9 million ($1.00/share), up from $13.4 million ($0.80/share) in 2020. Loan balances grew by $74 million, with a negative credit loss provision of $0.6 million indicating solid credit quality. Average deposits rose by $148 million, reflecting economic recovery and stimulus inflows.

On May 27, 2021, Capital City Bank Group, Inc. (NASDAQ: CCBG) announced a quarterly cash dividend of $.15 per share, resulting in an annualized rate of $.60 per common share. This dividend, yielding 2.30% based on the May 26, 2021 closing stock price of $26.06, will be payable on June 21 to shareholders on record as of June 7, 2021. Capital City Bank Group operates with approximately $3.9 billion in assets, offering various banking services across Florida, Georgia, and Alabama.

Capital City Bank Group (NASDAQ: CCBG) announced the acquisition of Strategic Wealth Group's assets, finalizing on April 30, 2021. This strategic move aims to enhance its wealth management services through a new subsidiary, Capital City Strategic Wealth, LLC. The deal adds five wealth management offices across Georgia, boosting CCBG's service offerings in the Southeast. CEO William G. Smith emphasized the focus on expanding product offerings and revenue diversification. Financial terms remain undisclosed. The acquisition combines 152 years of industry experience between both firms.

Capital City Bank Group reported a strong first quarter of 2021, achieving a net income of $9.5 million, up from $4.3 million year-over-year. Earnings per diluted share rose to $0.56, reflecting a solid return on assets of 1.01% and return on equity of 11.81%. Loan balances increased by $51 million, driven by SBA PPP loans totaling $65 million. The bank experienced a negative credit loss provision of $1 million, indicating improved credit quality. However, net interest income fell to $24.6 million due to lower rates. Overall, the bank's performance signals a positive outlook amid economic recovery.

The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $.15 per share, producing an annualized rate of $.60. This dividend will be payable on March 22, 2021, to shareholders on record as of March 8, 2021. The annualized dividend yield stands at 2.31%, based on a closing stock price of $26.01 as of February 24, 2021. With approximately $3.8 billion in assets, Capital City Bank Group provides a full range of banking services across Florida, Georgia, and Alabama.

Capital City Bank Group (CCBG) reported a net income of $7.7 million, or $0.46 per diluted share, for Q4 2020, down from $10.4 million in Q3 2020. For the full year, net income rose to $31.6 million compared to $30.8 million in 2019. Key highlights include a 1.8% increase in operating revenues, a firm net interest income, and a 7% rise in other fee revenues. Loan balances were boosted by $190 million in SBA PPP loan originations. Credit quality remains solid, with 97% of pandemic-related extensions resuming payments, though a $6.6 million reserve build was noted for potential credit losses.

The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.15 per share, marking a 7.1% increase from the previous quarter's $0.14. This dividend yields an annualized rate of $0.60 per share and will be payable on December 21, 2020, to shareholders of record as of December 7, 2020. Based on the stock's closing price of $23.20 on November 18, 2020, this equates to an annualized dividend yield of 2.59%. The company has approximately $3.6 billion in assets and operates 57 banking offices across Florida, Georgia, and Alabama.