NASDAQ$CCBG

Capital City Bank Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported net income of $9.5 million, or $0.56 per diluted share, for the first quarter of 2021.

Capital City Bank Group reported a strong first quarter with net income of $9.5 million, driven by rising consumer spending, improving credit quality, and increased loan activity. The bank experienced solid growth in commercial real estate and residential loans, as well as strong performance in wealth management, mortgage, and debit/credit card services.

  • Return on assets of 1.01% and return on equity of 11.81%.
  • Credit quality metrics remained stable and reduced COVID-19 exposure drove a negative credit loss provision of $1.0 million.
  • Period-end loan balances grew by $51 million, or 2.6% sequentially, with SBA PPP Round 2 originations totaling $65 million.
  • Average deposit balances grew $173 million, or 5.7% sequentially, reflecting stimulus inflows and strong core deposit growth.

Headline financials

Total Revenue

$54.3M

Previous: $41.3M+31.7%
EPS (adj)

$0.56

Previous: $0.25+124.0%
Return on Average Assets

1.0%

Previous: 0.6%+77.2%
Return on Average Equity

11.8%

Previous: 5.2%+127.1%
Net Interest Margin

2.9%

Previous: 3.8%-24.6%
Efficiency Ratio

74.4%

Previous: 74.9%-0.7%
Equity to Assets

8.3%

Previous: 10.6%-22.4%
Allowance as % of Non-Performing Loans

410.8%

Previous: 432.6%-5.0%
Capital Expenditures

-$1.59M

Previous: -$4.77M+66.6%
Free Cash Flow

$7.91M

Previous: -$486K+1728.4%
Net Income

$9.51M

Previous: $4.29M+121.7%
Operating Income

$44.5M

Previous: $28.1M+58.5%
Gross Profit

$53.3M

Previous: $36.3M+47.1%
Cash & Equivalents

$74M

Previous: $72.7M+1.8%
Total Assets

$3.93B

Previous: $3.09B+27.3%
Stock-Based Comp

$219K

Previous: $291K-24.7%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$54.3M

Q1 2021+31.7%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Capital City Bank · $12.7M total across 4 segments · Q1 2021

  • Deposit Fees
    $4.27M-14.8%
  • Bank Card Fees
    $3.62M+18.6%
  • Wealth Management Fees
    $3.09M+18.7%
  • Other Noninterest Income
    $1.72M-3.1%

Forward guidance

Forward-looking statements are based on current plans and expectations that are subject to uncertainties and risks, including the impact of the COVID-19 pandemic, legislative or regulatory changes, fluctuations in interest rates, and technological changes.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+2.3%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+8.8%

Q4 2023

Best reaction

-10.8%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-1.5%-0.8%
Q4 2025-5.0%-6.5%-2.8%
Q3 2025-1.8%+0.9%-2.4%
Q2 2025-1.5%-2.9%+3.9%
Q1 2025+3.7%+5.7%+11.5%
Q4 2024-0.8%-0.5%-2.2%
Q3 2024+2.9%+0.3%+12.0%
Q2 2024+4.0%+9.1%-0.4%
Q1 2024+0.3%-0.3%+2.3%
Q4 2023+8.8%+10.3%-1.2%
Q3 2023-8.3%-4.9%-7.7%
Q2 2023-0.5%-4.3%-9.3%
Q1 2023+4.1%+7.4%+5.2%
Q4 2022-1.2%-0.1%+6.7%
Q3 2022+2.1%+3.3%+4.4%
Q2 2022+2.3%+1.2%+5.3%
Q1 2022+4.0%+3.1%+6.8%
Q4 2021+0.3%+0.7%-0.3%
Q3 2021-0.8%-0.4%+6.7%
Q2 2021+1.0%+1.8%-5.2%
Q1 2021-0.7%-0.8%+3.4%
Q4 2020-10.8%-7.8%+5.1%
Q3 2020-0.6%-1.2%+14.1%
Q2 2020+2.9%+6.9%+7.7%
Q1 2020+6.3%+21.1%+6.2%
Q4 2019+0.6%+4.6%-6.0%
Q3 2019+1.4%+2.0%+2.3%
Q2 2019+5.1%+3.9%+0.0%
Q1 2019-3.2%-2.8%+0.1%
Q4 2018+0.6%+0.4%+3.3%
Q3 2018+0.8%+4.3%+10.7%
Q2 2018-3.0%-5.9%-2.3%
Q1 2018-3.8%-5.2%-7.6%
Q4 2017-0.8%-0.2%+1.5%
Q3 2017-0.9%+5.4%-1.6%
Q2 2017+6.8%+7.0%+2.6%
Q1 2017+0.5%-1.3%-10.2%
Q4 2016+6.4%+6.2%+10.3%
Q3 2016-1.0%-2.5%+25.8%
Q2 2016-2.5%-2.3%-5.3%
Q1 2016+2.8%
Q4 2015+3.0%
Q3 2015-1.4%
Q2 2015+2.5%
Q1 2015-4.8%
Q4 2014-0.6%
Q3 2014+5.1%
Q2 2014+0.4%
Q1 2014+0.8%
Q4 2013+4.7%
Q3 2013+0.3%
Q2 2013+0.1%
Q1 2013+1.0%
Q4 2012-3.4%
Q3 2012+0.5%
Q2 2012-1.0%
Q1 2011-7.3%
Q1 2012+3.2%
Q4 2009+0.8%
Q4 2010+0.8%
Q3 2010-3.3%
Q3 2011-3.3%
Q2 2011+3.5%
Q2 2010+3.5%
Q1 2010-0.2%

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