Capital City Bank Group, Inc. reports recurring developments for a regional banking company that provides banking and wealth management services. Its updates center on quarterly and annual earnings, net interest income, net interest margin, loan and deposit balances, credit quality, mortgage revenue, wealth management fees, noninterest expense and tangible book value.
The company’s news also includes common-stock dividend actions and retail banking leadership or operational updates. Its banking offices serve Florida, Georgia and Alabama, and its service mix includes traditional deposit and credit services, trust and asset management, mortgage banking, merchant services, bank cards, data processing and securities brokerage services.
Summary not available.
Capital City Bank Group (NASDAQ: CCBG) reported a net income of $10.4 million ($0.62 per share) for Q3 2020, up from $9.1 million in Q2 2020 and $8.5 million in Q3 2019. Year-to-date net income reached $23.8 million ($1.42 per share), an increase from $22.2 million in the same period of 2019. Highlights include a return on assets of 1.17% and a return on equity of 12.16%. The company benefited from strong performance in its mortgage banking segment and increased noninterest income, despite a lower net interest income due to reduced interest rates. Loan quality remains stable with no significant problem loan migration.
Capital City Bank Group, Inc. (NASDAQ: CCBG) announced a quarterly cash dividend of $0.14 per share, translating to an annualized rate of $0.56 per share. This dividend, yielding 2.75%, is payable on September 28, 2020, to shareholders of record as of September 14, 2020. With approximately $3.5 billion in assets, Capital City Bank provides a comprehensive range of banking services across Florida, Georgia, and Alabama, supported by 57 banking offices and 85 ATMs.
Capital City Bank Group (NASDAQ: CCBG) reported a net income of $9.1 million ($0.55 per diluted share) for Q2 2020, up from $4.3 million ($0.25) in Q1 2020. Year-to-date net income stands at $13.4 million ($0.80), slightly down from $13.8 million ($0.82) in the same period last year. Key highlights include a return on assets (ROA) of 1.10%, loan growth of $190 million due to the Paycheck Protection Program, and a significant contribution of $0.20 per share from Capital City Home Loans. Noninterest income rose to $30.2 million, driven by mortgage banking fees.
The Board of Directors of Capital City Bank Group declared a quarterly cash dividend of $.14 per share, with an annualized rate of $.56. This dividend, yielding 3.04% based on a stock price of $18.40 on May 20, 2020, will be paid on June 22, 2020 to shareholders of record as of June 8, 2020. Capital City Bank Group, headquartered in Florida, manages approximately $3.1 billion in assets and offers a wide range of banking services across 57 locations in Florida, Georgia, and Alabama.