Annual Income Statements for Capital City Bank Group
This table shows Capital City Bank Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Capital City Bank Group
This table shows Capital City Bank Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
9.64 |
9.71 |
14 |
14 |
13 |
12 |
13 |
14 |
13 |
13 |
Consolidated Net Income / (Loss) |
|
9.61 |
8.71 |
14 |
14 |
12 |
11 |
12 |
14 |
13 |
13 |
Net Income / (Loss) Continuing Operations |
|
9.57 |
8.61 |
14 |
14 |
12 |
11 |
12 |
14 |
13 |
13 |
Total Pre-Tax Income |
|
12 |
11 |
17 |
18 |
15 |
14 |
15 |
17 |
16 |
17 |
Total Revenue |
|
52 |
53 |
58 |
60 |
56 |
56 |
56 |
59 |
60 |
60 |
Net Interest Income / (Expense) |
|
33 |
38 |
40 |
40 |
39 |
39 |
38 |
39 |
40 |
41 |
Total Interest Income |
|
35 |
41 |
44 |
45 |
46 |
46 |
47 |
49 |
49 |
50 |
Loans and Leases Interest Income |
|
28 |
32 |
35 |
38 |
39 |
40 |
41 |
41 |
42 |
41 |
Investment Securities Interest Income |
|
4.37 |
4.85 |
4.92 |
4.82 |
4.56 |
4.39 |
4.24 |
4.00 |
4.16 |
4.69 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
3.23 |
4.46 |
4.11 |
2.78 |
1.85 |
1.39 |
1.89 |
3.62 |
3.51 |
3.60 |
Total Interest Expense |
|
2.04 |
3.12 |
3.53 |
5.07 |
6.47 |
7.01 |
8.47 |
9.50 |
9.12 |
8.64 |
Deposits Interest Expense |
|
1.05 |
1.90 |
2.49 |
4.01 |
5.21 |
5.87 |
7.59 |
8.58 |
8.22 |
7.77 |
Short-Term Borrowings Interest Expense |
|
0.54 |
0.69 |
0.46 |
0.45 |
0.63 |
0.51 |
0.24 |
0.29 |
0.27 |
0.28 |
Long-Term Debt Interest Expense |
|
0.45 |
0.53 |
0.58 |
0.61 |
0.63 |
0.63 |
0.63 |
0.63 |
0.62 |
0.59 |
Total Non-Interest Income |
|
19 |
15 |
18 |
20 |
17 |
17 |
18 |
20 |
20 |
19 |
Other Service Charges |
|
19 |
15 |
18 |
7.13 |
17 |
30 |
18 |
20 |
1.64 |
37 |
Provision for Credit Losses |
|
2.15 |
3.62 |
3.10 |
2.20 |
2.39 |
2.03 |
0.92 |
1.20 |
1.21 |
0.70 |
Total Non-Interest Expense |
|
38 |
39 |
38 |
40 |
39 |
40 |
40 |
40 |
43 |
42 |
Salaries and Employee Benefits |
|
23 |
23 |
24 |
23 |
23 |
24 |
24 |
24 |
26 |
26 |
Net Occupancy & Equipment Expense |
|
6.15 |
6.25 |
6.76 |
6.82 |
6.98 |
7.10 |
6.99 |
7.00 |
7.10 |
6.89 |
Other Operating Expenses |
|
8.58 |
9.98 |
7.39 |
10 |
9.12 |
9.04 |
8.77 |
9.04 |
10 |
8.78 |
Income Tax Expense |
|
2.49 |
1.90 |
3.71 |
3.42 |
3.00 |
2.91 |
3.54 |
3.19 |
2.98 |
4.22 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-0.04 |
-1.00 |
-0.04 |
0.03 |
-1.15 |
-0.28 |
-0.73 |
-0.11 |
-0.50 |
0.07 |
Basic Earnings per Share |
|
$0.57 |
$0.56 |
$0.81 |
$0.83 |
$0.75 |
$0.69 |
$0.74 |
$0.84 |
$0.77 |
$0.77 |
Weighted Average Basic Shares Outstanding |
|
16.96M |
16.95M |
17.02M |
17.00M |
16.99M |
16.99M |
16.95M |
16.93M |
16.94M |
16.94M |
Diluted Earnings per Share |
|
$0.57 |
$0.56 |
$0.80 |
$0.83 |
$0.74 |
$0.70 |
$0.74 |
$0.83 |
$0.77 |
$0.78 |
Weighted Average Diluted Shares Outstanding |
|
17.00M |
16.99M |
17.05M |
17.04M |
17.03M |
17.02M |
16.97M |
16.96M |
16.98M |
16.97M |
Weighted Average Basic & Diluted Shares Outstanding |
|
16.96M |
17.02M |
17.02M |
16.99M |
16.96M |
16.94M |
16.94M |
16.94M |
16.94M |
17.05M |
Annual Cash Flow Statements for Capital City Bank Group
This table details how cash moves in and out of Capital City Bank Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-435 |
-289 |
80 |
Net Cash From Operating Activities |
93 |
55 |
64 |
Net Cash From Continuing Operating Activities |
93 |
55 |
64 |
Net Income / (Loss) Continuing Operations |
33 |
52 |
53 |
Consolidated Net Income / (Loss) |
33 |
52 |
53 |
Provision For Loan Losses |
7.49 |
9.71 |
4.03 |
Depreciation Expense |
7.60 |
7.92 |
7.67 |
Amortization Expense |
7.93 |
4.38 |
4.35 |
Non-Cash Adjustments to Reconcile Net Income |
40 |
-14 |
-4.49 |
Changes in Operating Assets and Liabilities, net |
-3.67 |
-5.96 |
-0.91 |
Net Cash From Investing Activities |
-766 |
-69 |
68 |
Net Cash From Continuing Investing Activities |
-766 |
-69 |
68 |
Purchase of Property, Leasehold Improvements and Equipment |
-6.32 |
-7.05 |
-8.69 |
Purchase of Investment Securities |
-1,007 |
-253 |
-162 |
Sale and/or Maturity of Investments |
247 |
191 |
239 |
Net Cash From Financing Activities |
238 |
-275 |
-52 |
Net Cash From Continuing Financing Activities |
238 |
-275 |
-52 |
Net Change in Deposits |
226 |
-237 |
-30 |
Issuance of Debt |
22 |
-21 |
-6.44 |
Issuance of Common Equity |
1.30 |
0.94 |
1.50 |
Repayment of Debt |
-0.25 |
-0.20 |
-0.12 |
Repurchase of Common Equity |
0.00 |
-3.71 |
-2.33 |
Payment of Dividends |
-11 |
-13 |
-15 |
Cash Interest Paid |
6.59 |
22 |
35 |
Cash Income Taxes Paid |
7.47 |
9.12 |
6.14 |
Quarterly Cash Flow Statements for Capital City Bank Group
This table details how cash moves in and out of Capital City Bank Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-124 |
30 |
-213 |
-19 |
-201 |
145 |
-7.38 |
43 |
-2.77 |
47 |
Net Cash From Operating Activities |
|
5.69 |
18 |
21 |
4.23 |
25 |
4.59 |
15 |
25 |
13 |
11 |
Net Cash From Continuing Operating Activities |
|
6.36 |
18 |
21 |
4.23 |
25 |
4.59 |
15 |
25 |
13 |
11 |
Net Income / (Loss) Continuing Operations |
|
9.61 |
9.61 |
14 |
14 |
13 |
12 |
13 |
14 |
13 |
13 |
Consolidated Net Income / (Loss) |
|
9.61 |
9.61 |
14 |
14 |
13 |
12 |
13 |
14 |
13 |
13 |
Provision For Loan Losses |
|
2.15 |
3.62 |
3.10 |
2.20 |
2.39 |
2.03 |
0.92 |
1.20 |
1.21 |
0.70 |
Depreciation Expense |
|
1.89 |
1.91 |
1.97 |
1.96 |
1.99 |
2.00 |
2.05 |
2.00 |
1.75 |
1.87 |
Amortization Expense |
|
1.61 |
1.19 |
1.11 |
1.09 |
1.14 |
1.05 |
1.01 |
0.92 |
1.33 |
1.10 |
Non-Cash Adjustments to Reconcile Net Income |
|
3.10 |
8.84 |
-6.21 |
-14 |
5.90 |
0.58 |
-1.19 |
2.39 |
-8.86 |
3.16 |
Changes in Operating Assets and Liabilities, net |
|
-12 |
-7.35 |
6.95 |
-1.39 |
1.25 |
-13 |
-0.70 |
3.95 |
4.53 |
-8.69 |
Net Cash From Investing Activities |
|
-113 |
-170 |
-84 |
-8.37 |
35 |
-11 |
34 |
73 |
6.48 |
-45 |
Net Cash From Continuing Investing Activities |
|
-113 |
-170 |
-84 |
-8.37 |
35 |
-11 |
34 |
73 |
6.47 |
-45 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.69 |
-2.31 |
-1.89 |
-1.97 |
-1.61 |
-1.59 |
-2.24 |
-1.96 |
-2.24 |
-2.25 |
Purchase of Investment Securities |
|
-30 |
-418 |
-130 |
124 |
-200 |
-47 |
-9.51 |
24 |
-65 |
-111 |
Sale and/or Maturity of Investments |
|
-83 |
251 |
48 |
-131 |
237 |
37 |
46 |
51 |
73 |
68 |
Net Cash From Financing Activities |
|
-17 |
182 |
-149 |
-15 |
-262 |
151 |
-56 |
-55 |
-22 |
81 |
Net Cash From Continuing Financing Activities |
|
-17 |
182 |
-149 |
-15 |
-262 |
151 |
-56 |
-55 |
-22 |
81 |
Net Change in Deposits |
|
-27 |
180 |
-115 |
-35 |
-248 |
161 |
-47 |
-46 |
-29 |
93 |
Issuance of Debt |
|
18 |
4.52 |
0.00 |
-0.10 |
-15 |
-6.21 |
0.00 |
0.69 |
1.71 |
-8.85 |
Issuance of Common Equity |
|
0.08 |
0.72 |
0.16 |
0.32 |
0.08 |
0.38 |
0.17 |
0.36 |
0.10 |
0.87 |
Repayment of Debt |
|
-4.83 |
-0.05 |
-30 |
24 |
6.12 |
-0.20 |
-3.51 |
-6.07 |
9.57 |
-0.12 |
Payment of Dividends |
|
-2.88 |
-2.88 |
-3.06 |
-3.06 |
-3.40 |
-3.39 |
-3.56 |
-3.56 |
-3.90 |
-3.90 |
Cash Interest Paid |
|
1.97 |
3.00 |
3.72 |
5.00 |
6.31 |
6.75 |
7.88 |
9.28 |
8.99 |
8.87 |
Cash Income Taxes Paid |
|
2.65 |
1.06 |
7.47 |
-3.61 |
3.54 |
1.72 |
0.00 |
3.01 |
2.74 |
0.40 |
Annual Balance Sheets for Capital City Bank Group
This table presents Capital City Bank Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
4,519 |
4,304 |
4,325 |
Cash and Due from Banks |
72 |
83 |
71 |
Federal Funds Sold |
529 |
229 |
321 |
Trading Account Securities |
1,074 |
966 |
973 |
Loans and Leases, Net of Allowance |
2,523 |
-30 |
-29 |
Allowance for Loan and Lease Losses |
25 |
30 |
29 |
Loans Held for Sale |
27 |
28 |
29 |
Premises and Equipment, Net |
82 |
81 |
82 |
Intangible Assets |
93 |
93 |
93 |
Other Assets |
120 |
2,824 |
2,757 |
Total Liabilities & Shareholders' Equity |
4,519 |
4,304 |
4,325 |
Total Liabilities |
4,123 |
3,856 |
3,830 |
Non-Interest Bearing Deposits |
1,654 |
1,378 |
1,306 |
Interest Bearing Deposits |
2,286 |
2,324 |
2,366 |
Short-Term Debt |
57 |
35 |
28 |
Long-Term Debt |
53 |
53 |
54 |
Other Long-Term Liabilities |
74 |
66 |
76 |
Redeemable Noncontrolling Interest |
8.76 |
7.41 |
0.00 |
Total Equity & Noncontrolling Interests |
387 |
441 |
495 |
Total Preferred & Common Equity |
387 |
441 |
495 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
387 |
441 |
495 |
Common Stock |
38 |
36 |
38 |
Retained Earnings |
387 |
426 |
464 |
Accumulated Other Comprehensive Income / (Loss) |
-37 |
-22 |
-6.49 |
Quarterly Balance Sheets for Capital City Bank Group
This table presents Capital City Bank Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
4,333 |
4,402 |
4,391 |
4,138 |
4,260 |
4,226 |
4,225 |
Cash and Due from Banks |
|
73 |
85 |
84 |
72 |
74 |
75 |
83 |
Federal Funds Sold |
|
498 |
303 |
285 |
95 |
231 |
273 |
262 |
Trading Account Securities |
|
1,094 |
1,057 |
1,029 |
970 |
1,868 |
1,793 |
1,809 |
Loans and Leases, Net of Allowance |
|
2,324 |
2,630 |
2,655 |
2,676 |
-29 |
-29 |
-30 |
Allowance for Loan and Lease Losses |
|
23 |
27 |
28 |
29 |
29 |
29 |
30 |
Loans Held for Sale |
|
50 |
28 |
45 |
34 |
25 |
24 |
31 |
Premises and Equipment, Net |
|
82 |
82 |
82 |
82 |
81 |
81 |
82 |
Intangible Assets |
|
93 |
93 |
93 |
93 |
93 |
93 |
93 |
Other Assets |
|
119 |
123 |
118 |
116 |
2,822 |
2,783 |
2,770 |
Total Liabilities & Shareholders' Equity |
|
4,333 |
4,402 |
4,391 |
4,138 |
4,260 |
4,226 |
4,225 |
Total Liabilities |
|
3,950 |
3,990 |
3,970 |
3,711 |
3,805 |
3,758 |
3,742 |
Non-Interest Bearing Deposits |
|
1,737 |
1,601 |
1,520 |
1,472 |
1,362 |
1,344 |
1,331 |
Interest Bearing Deposits |
|
2,022 |
2,223 |
2,269 |
2,068 |
2,293 |
2,265 |
2,248 |
Short-Term Debt |
|
52 |
27 |
51 |
42 |
32 |
26 |
37 |
Long-Term Debt |
|
53 |
53 |
53 |
53 |
53 |
54 |
54 |
Other Long-Term Liabilities |
|
85 |
86 |
77 |
76 |
65 |
70 |
72 |
Redeemable Noncontrolling Interest |
|
9.75 |
8.72 |
8.75 |
7.60 |
6.59 |
6.48 |
6.82 |
Total Equity & Noncontrolling Interests |
|
373 |
403 |
412 |
420 |
448 |
461 |
476 |
Total Preferred & Common Equity |
|
373 |
403 |
412 |
420 |
448 |
461 |
476 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
373 |
403 |
412 |
420 |
448 |
461 |
476 |
Common Stock |
|
36 |
38 |
37 |
36 |
35 |
36 |
36 |
Retained Earnings |
|
385 |
398 |
409 |
418 |
435 |
446 |
454 |
Accumulated Other Comprehensive Income / (Loss) |
|
-48 |
-32 |
-33 |
-35 |
-22 |
-21 |
-14 |
Annual Metrics And Ratios for Capital City Bank Group
This table displays calculated financial ratios and metrics derived from Capital City Bank Group's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
-4.85% |
15.18% |
1.87% |
EBITDA Growth |
-20.54% |
34.55% |
1.88% |
EBIT Growth |
-16.94% |
55.47% |
2.67% |
NOPAT Growth |
-16.00% |
52.72% |
1.62% |
Net Income Growth |
-15.66% |
52.10% |
1.62% |
EPS Growth |
-0.51% |
55.84% |
1.63% |
Operating Cash Flow Growth |
-24.13% |
-40.90% |
16.05% |
Free Cash Flow Firm Growth |
-70.41% |
98.84% |
-46.69% |
Invested Capital Growth |
4.76% |
5.99% |
7.59% |
Revenue Q/Q Growth |
2.04% |
1.29% |
1.53% |
EBITDA Q/Q Growth |
-0.35% |
5.21% |
3.98% |
EBIT Q/Q Growth |
3.37% |
6.38% |
4.85% |
NOPAT Q/Q Growth |
4.65% |
5.88% |
3.46% |
Net Income Q/Q Growth |
4.95% |
5.65% |
3.24% |
EPS Q/Q Growth |
10.06% |
4.78% |
2.63% |
Operating Cash Flow Q/Q Growth |
-16.40% |
-19.45% |
11.68% |
Free Cash Flow Firm Q/Q Growth |
-15.69% |
42.42% |
622.59% |
Invested Capital Q/Q Growth |
3.60% |
2.74% |
0.53% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
28.27% |
33.03% |
33.03% |
EBIT Margin |
20.52% |
27.69% |
27.91% |
Profit (Net Income) Margin |
16.69% |
22.04% |
21.98% |
Tax Burden Percent |
81.34% |
79.58% |
78.76% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
18.98% |
20.42% |
21.24% |
Return on Invested Capital (ROIC) |
6.73% |
9.75% |
9.27% |
ROIC Less NNEP Spread (ROIC-NNEP) |
6.86% |
9.75% |
9.27% |
Return on Net Nonoperating Assets (RNNOA) |
1.72% |
2.29% |
1.68% |
Return on Equity (ROE) |
8.45% |
12.04% |
10.95% |
Cash Return on Invested Capital (CROIC) |
2.08% |
3.93% |
1.96% |
Operating Return on Assets (OROA) |
0.94% |
1.45% |
1.52% |
Return on Assets (ROA) |
0.76% |
1.15% |
1.20% |
Return on Common Equity (ROCE) |
8.23% |
11.81% |
10.86% |
Return on Equity Simple (ROE_SIMPLE) |
8.63% |
11.53% |
10.43% |
Net Operating Profit after Tax (NOPAT) |
33 |
51 |
52 |
NOPAT Margin |
16.62% |
22.04% |
21.98% |
Net Nonoperating Expense Percent (NNEP) |
-0.14% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
57.99% |
52.67% |
54.79% |
Operating Expenses to Revenue |
75.74% |
68.09% |
70.37% |
Earnings before Interest and Taxes (EBIT) |
41 |
64 |
66 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
57 |
76 |
78 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.34 |
1.09 |
1.25 |
Price to Tangible Book Value (P/TBV) |
1.77 |
1.39 |
1.53 |
Price to Revenue (P/Rev) |
2.59 |
2.09 |
2.63 |
Price to Earnings (P/E) |
15.48 |
9.23 |
11.66 |
Dividend Yield |
2.16% |
2.67% |
2.42% |
Earnings Yield |
6.46% |
10.84% |
8.58% |
Enterprise Value to Invested Capital (EV/IC) |
0.07 |
0.50 |
0.53 |
Enterprise Value to Revenue (EV/Rev) |
0.19 |
1.15 |
1.31 |
Enterprise Value to EBITDA (EV/EBITDA) |
0.66 |
3.49 |
3.96 |
Enterprise Value to EBIT (EV/EBIT) |
0.92 |
4.17 |
4.68 |
Enterprise Value to NOPAT (EV/NOPAT) |
1.13 |
5.23 |
5.95 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
0.41 |
4.86 |
4.83 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
3.65 |
12.99 |
28.12 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.28 |
0.20 |
0.17 |
Long-Term Debt to Equity |
0.13 |
0.12 |
0.11 |
Financial Leverage |
0.25 |
0.24 |
0.18 |
Leverage Ratio |
11.10 |
10.45 |
9.15 |
Compound Leverage Factor |
11.10 |
10.45 |
9.15 |
Debt to Total Capital |
21.77% |
16.50% |
14.20% |
Short-Term Debt to Total Capital |
11.22% |
6.59% |
4.90% |
Long-Term Debt to Total Capital |
10.55% |
9.92% |
9.30% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
1.73% |
1.38% |
0.00% |
Common Equity to Total Capital |
76.50% |
82.12% |
85.80% |
Debt to EBITDA |
1.95 |
1.16 |
1.06 |
Net Debt to EBITDA |
-8.66 |
-2.93 |
-3.99 |
Long-Term Debt to EBITDA |
0.94 |
0.70 |
0.69 |
Debt to NOPAT |
3.31 |
1.74 |
1.59 |
Net Debt to NOPAT |
-14.74 |
-4.40 |
-6.00 |
Long-Term Debt to NOPAT |
1.60 |
1.05 |
1.04 |
Noncontrolling Interest Sharing Ratio |
2.59% |
1.92% |
0.79% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
10 |
20 |
11 |
Operating Cash Flow to CapEx |
1,466.18% |
777.49% |
731.73% |
Free Cash Flow to Firm to Interest Expense |
1.50 |
0.93 |
0.31 |
Operating Cash Flow to Interest Expense |
13.46 |
2.48 |
1.78 |
Operating Cash Flow Less CapEx to Interest Expense |
12.54 |
2.16 |
1.54 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.05 |
0.05 |
0.05 |
Fixed Asset Turnover |
2.42 |
2.82 |
2.88 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
506 |
537 |
577 |
Invested Capital Turnover |
0.40 |
0.44 |
0.42 |
Increase / (Decrease) in Invested Capital |
23 |
30 |
41 |
Enterprise Value (EV) |
38 |
266 |
307 |
Market Capitalization |
519 |
482 |
617 |
Book Value per Share |
$22.83 |
$25.98 |
$29.23 |
Tangible Book Value per Share |
$17.34 |
$20.50 |
$23.76 |
Total Capital |
506 |
537 |
577 |
Total Debt |
110 |
89 |
82 |
Total Long-Term Debt |
53 |
53 |
54 |
Net Debt |
-490 |
-224 |
-310 |
Capital Expenditures (CapEx) |
6.32 |
7.05 |
8.69 |
Net Nonoperating Expense (NNE) |
-0.14 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
110 |
89 |
82 |
Total Depreciation and Amortization (D&A) |
16 |
12 |
12 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$2.37 |
$0.00 |
$3.12 |
Adjusted Weighted Average Basic Shares Outstanding |
16.95M |
0.00 |
16.94M |
Adjusted Diluted Earnings per Share |
$2.36 |
$0.00 |
$3.12 |
Adjusted Weighted Average Diluted Shares Outstanding |
16.99M |
0.00 |
16.97M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
17.02M |
0.00 |
17.05M |
Normalized Net Operating Profit after Tax (NOPAT) |
33 |
51 |
52 |
Normalized NOPAT Margin |
16.62% |
22.04% |
21.98% |
Pre Tax Income Margin |
20.52% |
27.69% |
27.91% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
5.96 |
2.89 |
1.84 |
NOPAT to Interest Expense |
4.83 |
2.30 |
1.45 |
EBIT Less CapEx to Interest Expense |
5.05 |
2.57 |
1.59 |
NOPAT Less CapEx to Interest Expense |
3.91 |
1.98 |
1.20 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
33.49% |
25.39% |
28.86% |
Augmented Payout Ratio |
33.49% |
32.69% |
33.37% |
Quarterly Metrics And Ratios for Capital City Bank Group
This table displays calculated financial ratios and metrics derived from Capital City Bank Group's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-4.30% |
8.12% |
26.97% |
22.43% |
7.89% |
5.50% |
-2.93% |
-2.04% |
6.63% |
6.28% |
EBITDA Growth |
|
-29.06% |
-1.45% |
48.20% |
51.66% |
13.43% |
27.71% |
-9.98% |
-2.54% |
5.84% |
17.06% |
EBIT Growth |
|
-17.07% |
14.58% |
87.96% |
90.49% |
20.31% |
36.44% |
-11.64% |
-2.22% |
7.49% |
21.16% |
NOPAT Growth |
|
-17.48% |
20.71% |
81.62% |
87.75% |
20.26% |
32.76% |
-13.52% |
-1.15% |
9.66% |
15.08% |
Net Income Growth |
|
-17.16% |
22.09% |
82.08% |
87.34% |
19.79% |
31.22% |
-13.74% |
-0.17% |
9.66% |
14.17% |
EPS Growth |
|
-5.00% |
47.37% |
95.12% |
93.02% |
29.82% |
25.00% |
-7.50% |
0.00% |
4.05% |
11.43% |
Operating Cash Flow Growth |
|
-83.25% |
-50.51% |
-0.95% |
-91.25% |
344.91% |
-74.24% |
-29.00% |
489.53% |
-49.67% |
144.86% |
Free Cash Flow Firm Growth |
|
-120.76% |
-719.45% |
-525.47% |
-344.45% |
-120.77% |
-31.63% |
-226.42% |
78.04% |
-78.12% |
-45.79% |
Invested Capital Growth |
|
4.18% |
4.76% |
5.30% |
10.62% |
6.88% |
5.99% |
9.75% |
4.19% |
9.96% |
7.59% |
Revenue Q/Q Growth |
|
5.75% |
2.85% |
8.93% |
3.35% |
-6.81% |
0.57% |
0.22% |
4.29% |
1.44% |
0.23% |
EBITDA Q/Q Growth |
|
14.12% |
-12.46% |
50.28% |
1.03% |
-14.65% |
-1.44% |
5.92% |
9.38% |
-7.31% |
9.01% |
EBIT Q/Q Growth |
|
30.38% |
-12.83% |
65.34% |
1.37% |
-17.66% |
-1.14% |
7.08% |
12.17% |
-9.48% |
11.43% |
NOPAT Q/Q Growth |
|
26.46% |
-9.97% |
58.74% |
3.88% |
-19.00% |
-0.61% |
3.40% |
18.74% |
-10.14% |
4.31% |
Net Income Q/Q Growth |
|
26.95% |
-9.30% |
57.36% |
3.39% |
-18.82% |
-0.64% |
3.44% |
19.66% |
-10.83% |
3.45% |
EPS Q/Q Growth |
|
32.56% |
-1.75% |
42.86% |
3.75% |
-10.84% |
-5.41% |
5.71% |
12.16% |
-7.23% |
1.30% |
Operating Cash Flow Q/Q Growth |
|
-88.22% |
212.89% |
15.79% |
-79.49% |
498.89% |
-81.88% |
1,709.56% |
70.25% |
-48.87% |
-11.85% |
Free Cash Flow Firm Q/Q Growth |
|
-22.91% |
-43.41% |
22.90% |
-227.07% |
38.95% |
14.50% |
-91.19% |
78.00% |
-395.17% |
30.02% |
Invested Capital Q/Q Growth |
|
2.93% |
3.60% |
-2.82% |
6.75% |
-0.55% |
2.74% |
0.63% |
1.33% |
4.96% |
0.53% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
29.96% |
25.50% |
35.18% |
34.39% |
31.50% |
30.87% |
32.63% |
34.22% |
31.27% |
34.00% |
EBIT Margin |
|
23.23% |
19.69% |
29.89% |
29.32% |
25.91% |
25.47% |
27.21% |
29.27% |
26.12% |
29.03% |
Profit (Net Income) Margin |
|
18.50% |
16.32% |
23.57% |
23.58% |
20.54% |
20.30% |
20.95% |
24.03% |
21.13% |
21.80% |
Tax Burden Percent |
|
79.64% |
82.86% |
78.86% |
80.43% |
79.30% |
79.69% |
76.98% |
82.12% |
80.89% |
75.10% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
20.67% |
18.07% |
21.34% |
19.39% |
20.70% |
20.28% |
23.02% |
18.51% |
19.11% |
24.28% |
Return on Invested Capital (ROIC) |
|
7.55% |
6.53% |
10.42% |
10.57% |
9.25% |
8.98% |
9.29% |
10.13% |
8.92% |
9.27% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
7.59% |
6.63% |
10.46% |
10.54% |
9.25% |
8.98% |
9.29% |
10.25% |
8.92% |
9.15% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.15% |
1.66% |
2.17% |
2.58% |
2.29% |
2.11% |
1.77% |
2.12% |
1.82% |
1.65% |
Return on Equity (ROE) |
|
9.70% |
8.19% |
12.59% |
13.15% |
11.54% |
11.09% |
11.06% |
12.24% |
10.74% |
10.93% |
Cash Return on Invested Capital (CROIC) |
|
2.55% |
2.08% |
3.06% |
-0.87% |
2.84% |
3.93% |
0.19% |
5.00% |
-0.38% |
1.96% |
Operating Return on Assets (OROA) |
|
1.09% |
0.90% |
1.46% |
1.50% |
1.39% |
1.33% |
1.44% |
1.55% |
1.44% |
1.58% |
Return on Assets (ROA) |
|
0.87% |
0.74% |
1.15% |
1.21% |
1.10% |
1.06% |
1.11% |
1.27% |
1.17% |
1.19% |
Return on Common Equity (ROCE) |
|
9.39% |
7.98% |
12.28% |
12.85% |
11.30% |
10.88% |
10.87% |
12.03% |
10.57% |
10.84% |
Return on Equity Simple (ROE_SIMPLE) |
|
8.53% |
0.00% |
9.82% |
11.20% |
11.46% |
0.00% |
10.92% |
10.61% |
10.50% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
9.57 |
8.61 |
14 |
14 |
12 |
11 |
12 |
14 |
13 |
13 |
NOPAT Margin |
|
18.43% |
16.13% |
23.51% |
23.63% |
20.54% |
20.30% |
20.95% |
23.85% |
21.13% |
21.99% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.04% |
-0.10% |
-0.04% |
0.03% |
0.00% |
0.00% |
0.00% |
-0.12% |
0.00% |
0.13% |
SG&A Expenses to Revenue |
|
56.09% |
54.85% |
52.08% |
50.34% |
53.53% |
54.89% |
55.62% |
53.34% |
55.08% |
55.13% |
Operating Expenses to Revenue |
|
72.62% |
73.54% |
64.78% |
67.03% |
69.82% |
70.94% |
71.16% |
68.69% |
71.87% |
69.80% |
Earnings before Interest and Taxes (EBIT) |
|
12 |
11 |
17 |
18 |
15 |
14 |
15 |
17 |
16 |
17 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
16 |
14 |
20 |
21 |
18 |
17 |
18 |
20 |
19 |
20 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.35 |
1.34 |
1.19 |
1.23 |
1.17 |
1.09 |
1.04 |
1.05 |
1.25 |
1.25 |
Price to Tangible Book Value (P/TBV) |
|
1.80 |
1.77 |
1.55 |
1.59 |
1.51 |
1.39 |
1.31 |
1.31 |
1.56 |
1.53 |
Price to Revenue (P/Rev) |
|
2.57 |
2.59 |
2.26 |
2.27 |
2.16 |
2.09 |
2.03 |
2.12 |
2.58 |
2.63 |
Price to Earnings (P/E) |
|
16.69 |
15.48 |
11.93 |
10.72 |
9.79 |
9.23 |
9.12 |
9.41 |
11.58 |
11.66 |
Dividend Yield |
|
2.19% |
2.16% |
2.40% |
2.35% |
2.52% |
2.67% |
2.87% |
2.88% |
2.41% |
2.42% |
Earnings Yield |
|
5.99% |
6.46% |
8.38% |
9.33% |
10.21% |
10.84% |
10.97% |
10.62% |
8.64% |
8.58% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.10 |
0.07 |
0.37 |
0.48 |
0.82 |
0.50 |
0.47 |
0.40 |
0.61 |
0.53 |
Enterprise Value to Revenue (EV/Rev) |
|
0.25 |
0.19 |
0.86 |
1.12 |
1.88 |
1.15 |
1.10 |
0.97 |
1.51 |
1.31 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.87 |
0.66 |
2.88 |
3.56 |
5.90 |
3.49 |
3.41 |
2.99 |
4.70 |
3.96 |
Enterprise Value to EBIT (EV/EBIT) |
|
1.24 |
0.92 |
3.70 |
4.35 |
7.12 |
4.17 |
4.08 |
3.58 |
5.60 |
4.68 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
1.55 |
1.13 |
4.62 |
5.43 |
8.90 |
5.23 |
5.16 |
4.51 |
7.02 |
5.95 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.45 |
0.41 |
1.97 |
5.18 |
6.28 |
4.86 |
5.18 |
3.17 |
6.16 |
4.83 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.04 |
3.65 |
12.42 |
0.00 |
29.71 |
12.99 |
253.62 |
8.21 |
0.00 |
28.12 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.28 |
0.28 |
0.19 |
0.25 |
0.22 |
0.20 |
0.19 |
0.17 |
0.19 |
0.17 |
Long-Term Debt to Equity |
|
0.14 |
0.13 |
0.13 |
0.13 |
0.12 |
0.12 |
0.12 |
0.12 |
0.11 |
0.11 |
Financial Leverage |
|
0.28 |
0.25 |
0.21 |
0.25 |
0.25 |
0.24 |
0.19 |
0.21 |
0.20 |
0.18 |
Leverage Ratio |
|
11.23 |
11.10 |
10.96 |
10.89 |
10.46 |
10.45 |
9.99 |
9.70 |
9.18 |
9.15 |
Compound Leverage Factor |
|
11.23 |
11.10 |
10.96 |
10.89 |
10.46 |
10.45 |
9.99 |
9.70 |
9.18 |
9.15 |
Debt to Total Capital |
|
21.64% |
21.77% |
16.26% |
19.80% |
18.18% |
16.50% |
15.75% |
14.56% |
15.84% |
14.20% |
Short-Term Debt to Total Capital |
|
10.70% |
11.22% |
5.41% |
9.65% |
7.98% |
6.59% |
5.91% |
4.71% |
6.49% |
4.90% |
Long-Term Debt to Total Capital |
|
10.94% |
10.55% |
10.84% |
10.15% |
10.20% |
9.92% |
9.84% |
9.85% |
9.35% |
9.30% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
2.00% |
1.73% |
1.77% |
1.67% |
1.46% |
1.38% |
1.22% |
1.18% |
1.19% |
0.00% |
Common Equity to Total Capital |
|
76.37% |
76.50% |
81.97% |
78.53% |
80.36% |
82.12% |
83.03% |
84.26% |
82.98% |
85.80% |
Debt to EBITDA |
|
1.86 |
1.95 |
1.26 |
1.48 |
1.31 |
1.16 |
1.15 |
1.08 |
1.22 |
1.06 |
Net Debt to EBITDA |
|
-8.18 |
-8.66 |
-4.87 |
-3.77 |
-1.00 |
-2.93 |
-2.96 |
-3.65 |
-3.41 |
-3.99 |
Long-Term Debt to EBITDA |
|
0.94 |
0.94 |
0.84 |
0.76 |
0.74 |
0.70 |
0.72 |
0.73 |
0.72 |
0.69 |
Debt to NOPAT |
|
3.32 |
3.31 |
2.03 |
2.26 |
1.98 |
1.74 |
1.74 |
1.63 |
1.82 |
1.59 |
Net Debt to NOPAT |
|
-14.61 |
-14.74 |
-7.81 |
-5.75 |
-1.51 |
-4.40 |
-4.49 |
-5.50 |
-5.09 |
-6.00 |
Long-Term Debt to NOPAT |
|
1.68 |
1.60 |
1.35 |
1.16 |
1.11 |
1.05 |
1.09 |
1.10 |
1.08 |
1.04 |
Noncontrolling Interest Sharing Ratio |
|
3.22% |
2.59% |
2.42% |
2.35% |
2.14% |
1.92% |
1.77% |
1.71% |
1.58% |
0.79% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-10 |
-14 |
-11 |
-36 |
-22 |
-19 |
-36 |
-7.96 |
-39 |
-28 |
Operating Cash Flow to CapEx |
|
824.02% |
771.59% |
1,093.80% |
215.27% |
1,575.44% |
289.23% |
654.76% |
1,271.65% |
568.18% |
500.40% |
Free Cash Flow to Firm to Interest Expense |
|
-4.92 |
-4.60 |
-3.14 |
-7.15 |
-3.42 |
-2.70 |
-4.27 |
-0.84 |
-4.32 |
-3.19 |
Operating Cash Flow to Interest Expense |
|
2.80 |
5.71 |
5.85 |
0.83 |
3.91 |
0.65 |
1.73 |
2.63 |
1.40 |
1.30 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.46 |
4.97 |
5.32 |
0.45 |
3.67 |
0.43 |
1.47 |
2.42 |
1.15 |
1.04 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.06 |
0.05 |
Fixed Asset Turnover |
|
2.36 |
2.42 |
2.58 |
2.71 |
2.79 |
2.82 |
2.80 |
2.79 |
2.83 |
2.88 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
489 |
506 |
492 |
525 |
522 |
537 |
540 |
547 |
574 |
577 |
Invested Capital Turnover |
|
0.41 |
0.40 |
0.44 |
0.45 |
0.45 |
0.44 |
0.44 |
0.42 |
0.42 |
0.42 |
Increase / (Decrease) in Invested Capital |
|
20 |
23 |
25 |
50 |
34 |
30 |
48 |
22 |
52 |
41 |
Enterprise Value (EV) |
|
49 |
38 |
182 |
250 |
427 |
266 |
253 |
220 |
350 |
307 |
Market Capitalization |
|
504 |
519 |
481 |
506 |
492 |
482 |
466 |
482 |
598 |
617 |
Book Value per Share |
|
$22.00 |
$22.83 |
$23.70 |
$24.23 |
$24.70 |
$25.98 |
$26.46 |
$27.21 |
$28.13 |
$29.23 |
Tangible Book Value per Share |
|
$16.51 |
$17.34 |
$18.23 |
$18.76 |
$19.23 |
$20.50 |
$20.98 |
$21.73 |
$22.65 |
$23.76 |
Total Capital |
|
489 |
506 |
492 |
525 |
522 |
537 |
540 |
547 |
574 |
577 |
Total Debt |
|
106 |
110 |
80 |
104 |
95 |
89 |
85 |
80 |
91 |
82 |
Total Long-Term Debt |
|
53 |
53 |
53 |
53 |
53 |
53 |
53 |
54 |
54 |
54 |
Net Debt |
|
-465 |
-490 |
-308 |
-265 |
-73 |
-224 |
-220 |
-268 |
-254 |
-310 |
Capital Expenditures (CapEx) |
|
0.69 |
2.31 |
1.89 |
1.97 |
1.61 |
1.59 |
2.24 |
1.96 |
2.24 |
2.25 |
Net Nonoperating Expense (NNE) |
|
-0.04 |
-0.10 |
-0.04 |
0.03 |
0.00 |
0.00 |
0.00 |
-0.11 |
0.00 |
0.11 |
Net Nonoperating Obligations (NNO) |
|
106 |
110 |
80 |
104 |
95 |
89 |
85 |
80 |
91 |
82 |
Total Depreciation and Amortization (D&A) |
|
3.49 |
3.10 |
3.08 |
3.05 |
3.13 |
3.04 |
3.06 |
2.92 |
3.08 |
2.98 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.67 |
$0.56 |
$0.00 |
$0.00 |
$0.75 |
$0.69 |
$0.74 |
$0.84 |
$0.77 |
$0.77 |
Adjusted Weighted Average Basic Shares Outstanding |
|
16.96M |
16.95M |
0.00 |
0.00 |
16.99M |
16.99M |
16.95M |
16.93M |
16.94M |
16.94M |
Adjusted Diluted Earnings per Share |
|
$0.67 |
$0.56 |
$0.00 |
$0.00 |
$0.74 |
$0.70 |
$0.74 |
$0.83 |
$0.77 |
$0.78 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
17.00M |
16.99M |
0.00 |
0.00 |
17.03M |
17.02M |
16.97M |
16.96M |
16.98M |
16.97M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
16.96M |
17.02M |
0.00 |
0.00 |
16.96M |
16.94M |
16.94M |
16.94M |
16.94M |
17.05M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
9.57 |
8.61 |
14 |
14 |
12 |
11 |
12 |
14 |
13 |
13 |
Normalized NOPAT Margin |
|
18.43% |
16.13% |
23.51% |
23.63% |
20.54% |
20.30% |
20.95% |
23.85% |
21.13% |
21.99% |
Pre Tax Income Margin |
|
23.23% |
19.69% |
29.89% |
29.32% |
25.91% |
25.47% |
27.21% |
29.27% |
26.12% |
29.03% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.92 |
3.37 |
4.93 |
3.48 |
2.24 |
2.05 |
1.81 |
1.81 |
1.71 |
2.01 |
NOPAT to Interest Expense |
|
4.70 |
2.76 |
3.88 |
2.80 |
1.78 |
1.63 |
1.40 |
1.48 |
1.38 |
1.52 |
EBIT Less CapEx to Interest Expense |
|
5.58 |
2.63 |
4.40 |
3.09 |
1.99 |
1.82 |
1.55 |
1.61 |
1.46 |
1.75 |
NOPAT Less CapEx to Interest Expense |
|
4.36 |
2.02 |
3.34 |
2.42 |
1.53 |
1.40 |
1.13 |
1.27 |
1.14 |
1.26 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
34.58% |
33.49% |
29.15% |
25.73% |
25.78% |
25.39% |
27.37% |
28.41% |
28.77% |
28.86% |
Augmented Payout Ratio |
|
34.58% |
33.49% |
31.22% |
30.11% |
32.27% |
32.69% |
38.04% |
36.62% |
34.61% |
33.37% |
Key Financial Trends
Capital City Bank Group (CCBG) has experienced steady financial growth over the last four years, with several positive trends across its income statement, cash flow, and balance sheet.
Positive Highlights:
- Net Interest Income has generally trended upward from $33.4 million in Q3 2022 to over $41.1 million in Q4 2024, reflecting growth in loans and leases interest income.
- Consolidated Net Income increased from approximately $9.6 million in Q3 2022 to around $13.1 million in Q4 2024, indicating improved profitability.
- Total Revenue has risen from roughly $51.9 million in Q3 2022 to nearly $59.9 million in Q4 2024, driven by growth in both interest and non-interest income.
- Salaries and Employee Benefits expenses have increased moderately, supporting business growth but controlled relative to revenue expansion.
- Capital City Bank has maintained relatively stable interest expense levels despite growing interest income, improving net interest margins.
- The bank has consistently generated positive net cash from operating activities, with $11.2 million in Q4 2024, demonstrating operational cash flow strength.
- Deposit growth is strong, with a net increase of $92.9 million in Q4 2024, which supports liquidity and lending capacity.
- Basic and diluted earnings per share (EPS) rose from $0.57 in Q3 2022 to $0.77ā$0.78 in late 2024, indicating value creation for shareholders.
- Total common equity increased steadily to nearly $476.5 million by Q3 2024, indicating growth in shareholder capital and retained earnings.
- The bank has maintained dividend payments with stable or slightly increasing dividend per share, reflecting consistent cash return to investors.
Neutral Points:
- Provision for Credit Losses has fluctuated, peaking above $3 million in some quarters but remaining manageable relative to loans outstanding.
- Non-interest income has varied, with significant contributions from other service charges; these fluctuations require monitoring for sustainability.
- Capital expenditures on property and equipment have been consistent, typically around $2 million per quarter, indicating ongoing investment in infrastructure.
- Cash interest paid is substantial but aligned with the level of debt and deposits, important for interest expense management.
- Net cash from investing activities showed large outflows in the past but improved in more recent quarters, indicating a shift in investment strategy.
Areas of Caution / Negative Trends:
- Total non-interest expense has increased, recently trending near $41.7 million in Q4 2024, which may pressure margins if not controlled.
- The bank recorded an increasing net change in deposits with large swings quarter-to-quarter, suggesting volatility in funding sources.
- Repurchase of common equity and repayment of debt have resulted in significant cash outflows, reducing available liquidity.
- Allowance for loan and lease losses has grown over time, indicating rising credit risk which could lead to future losses.
- Accumulated other comprehensive income (loss) remains negative, impacting the overall equity outlook.
Overall, Capital City Bank Group shows consistent revenue and earnings growth, supported by strong interest income and operating cash flow. The company is investing steadily in its operations and returning value to shareholders through dividends. Investors should keep an eye on the rising non-interest expenses and credit loss provisions, as well as deposit volatility, to gauge the sustainability of this growth trajectory.
10/22/25 04:07 AM ETAI Generated. May Contain Errors.