Capital City Bank ( (CCBG) ) has released its Q4 earnings. Here is a breakdown of the information Capital City Bank presented to its investors.
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Capital City Bank Group, Inc. is a publicly traded financial holding company based in Florida, providing a comprehensive range of banking services across Florida, Georgia, and Alabama through its 63 banking offices.
In its fourth quarter 2024 earnings report, Capital City Bank Group reported a stable financial performance with net income attributable to common shareholders at $13.1 million, consistent with the previous quarter and up from the same period last year. The full year 2024 net income was $52.9 million, slightly higher than the previous year.
The company’s key financial metrics for the fourth quarter included a slight increase in tax-equivalent net interest income to $41.2 million and a net interest margin improvement to 4.17%. Noninterest income saw a decline due to lower mortgage banking revenues, while noninterest expenses decreased by $1.1 million due to reduced other expenses. For the full year, Capital City Bank Group experienced a small decrease in net interest income but benefited from a rise in noninterest income driven by mortgage banking and wealth management fees.
Looking ahead, Capital City Bank Group is well-positioned with a strong balance sheet, diversified revenue streams, and growth in its markets. The management remains focused on maintaining sound financial health, profitability, and making strategic investments to deliver long-term value to shareholders.
