NASDAQ$CCBG

Capital City Bank Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Net income increased and earnings were reported as expected.

Capital City Bank Group, Inc. reported net income of $9.1 million, or $0.55 per diluted share for the second quarter of 2020, which is an increase compared to the first quarter of 2020 and the second quarter of 2019. The results were positively impacted by Capital City Home Loans and pandemic related stimulus programs.

  • Return on assets improved to 1.10% and efficiency ratio to 67%.
  • Diversified revenue and strong balance sheet continue to buffer impact of pandemic and lower interest rates.
  • Strong performance by Capital City Home Loans (“CCHL”) contributed significantly ($0.20/share)
  • Pandemic related stimulus programs contributed $190 million in loan growth and deposit balances totaling $243 million

Headline financials

Total Revenue

$55.7M

Previous: $38.8M+43.6%
EPS (adj)

$0.55

Previous: $0.44+25.0%
Return on Average Assets

1.1%

No prior period
Return on Average Equity

11.0%

No prior period
Net Interest Margin

3.4%

No prior period
Efficiency Ratio

67.0%

No prior period
Capital Expenditures

-$6.84M

Previous: -$2M-241.8%
Free Cash Flow

$2.3M

Previous: $5.32M-56.7%
Net Income

$9.15M

Previous: $7.33M+24.9%
Operating Income

$43.4M

Previous: $28.4M+52.7%
Gross Profit

$53.7M

Previous: $38.8M+38.4%
Cash & Equivalents

$75.2M

Previous: $53.7M+39.9%
Total Assets

$3.5B

Previous: $3.02B+16.0%
Stock-Based Comp

$77K

Previous: $386K-80.1%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$55.7M

Q2 2020+43.6%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Capital City Bank · $30.2M total across 5 segments · Q2 2020

  • Mortgage Banking Revenues
    $17.8M
  • Deposit Fees
    $3.76M
  • Bank Card Fees
    $3.14M
  • Other Noninterest Income
    $2.93M
  • Wealth Management Fees
    $2.55M

Forward guidance

The second half of 2020 will remain challenging but is hopeful it will bring improvement.

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 Q2 2020

Historical avgQ2 2020

+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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