NASDAQ$CCBG

Capital City Bank Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported net income of $7.4 million, with diluted earnings per share of $0.44.

Capital City Bank Group reported a net income of $7.4 million for Q2 2021, a decrease compared to both the previous quarter and the same quarter last year. The results included a $2.0 million partial pension settlement charge. Despite challenges, the bank saw net interest income growth and strong loan growth, while credit quality metrics remained strong.

  • Net interest income grew 6% sequentially, driven by strong loan growth and higher SBA PPP fees.
  • Period-end loan balances (net of SBA PPP balances) grew by $74 million, or 4.0% sequentially.
  • Strong credit quality metrics and a net loan loss recovery drove a negative credit loss provision of $0.6 million.
  • Average deposit balances grew $148 million, or 4.6% sequentially, reflecting additional stimulus inflows and strong core deposit growth.

Headline financials

Total Revenue

$52.5M

Previous: $55.7M-5.8%
EPS (adj)

$0.54

Previous: $0.55-1.8%
Return on Average Assets

0.8%

Previous: 1.1%-31.8%
Return on Average Equity

9.1%

Previous: 11.0%-18.0%
Net Interest Margin

2.9%

Previous: 3.4%-15.2%
Efficiency Ratio

80.2%

Previous: 67.0%+19.7%
Equity to Assets

8.4%

No prior period
Capital Expenditures

-$3.22M

Previous: -$6.84M+53.0%
Free Cash Flow

$4.21M

Previous: $2.3M+82.8%
Net Income

$7.43M

Previous: $9.15M-18.8%
Operating Income

$43.2M

Previous: $43.4M-0.4%
Gross Profit

$51.9M

Previous: $53.7M-3.3%
Cash & Equivalents

$78.9M

Previous: $75.2M+5.0%
Total Assets

$4.01B

Previous: $3.5B+14.6%
Stock-Based Comp

$219K

Previous: $77K+184.4%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$52.5M

Q2 2021-5.8%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Capital City Bank · $11.5M total across 3 segments · Q2 2021

  • Deposit Fees
    $4.24M+12.8%
  • Bank Card Fees
    $4M+27.2%
  • Wealth Management Fees
    $3.27M+28.2%

Forward guidance

The company is closely monitoring conditions, including the rising case count of COVID-19 in some of its communities, and will adjust its return to work date for all associates as necessary depending on changing conditions.

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 2021

Historical avgQ2 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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