NASDAQ$CCBG

Capital City Bank Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Net income increased slightly, driven by strong loan growth and higher interest rates.

Capital City Bank Group reported a solid financial performance for Q2 2022, with net income attributable to common shareowners of $8.7 million, or $0.51 per diluted share. Strong loan growth and higher interest rates contributed to the positive results, with net interest income growing by 14.7%.

  • Net interest income grew 14.7% due to strong loan growth and higher interest rates.
  • Period end loan balances increased by $228.1 million, or 11.5%, with residential loan purchases from Capital City Home Loans (CCHL) contributing $132 million.
  • Provision for credit losses increased $1.5 million driven by strong loan growth, while overall credit quality remained strong.
  • Noninterest income decreased $0.9 million, or 3.5%, due to lower insurance commission revenues at Capital City Strategic Wealth (CCSW).

Headline financials

Total Revenue

$53.2M

Previous: $52.5M+1.5%
EPS (adj)

$0.51

Previous: $0.54-5.6%
Return on Average Assets

0.8%

Previous: 0.8%+8.0%
Return on Average Equity

9.4%

Previous: 9.1%+3.4%
Net Interest Margin

2.9%

Previous: 2.9%-0.7%
Efficiency Ratio

76.0%

Previous: 80.2%-5.3%
Equity to Assets

8.5%

Previous: 8.4%+2.0%
Capital Expenditures

-$3.32M

Previous: -$3.22M-3.3%
Free Cash Flow

$5.39M

Previous: $4.21M+28.0%
Net Income

$8.71M

Previous: $7.43M+17.3%
Operating Income

$40.9M

Previous: $43.2M-5.3%
Gross Profit

$51.7M

Previous: $51.9M-0.4%
Cash & Equivalents

$91.2M

Previous: $78.9M+15.6%
Total Assets

$4.35B

Previous: $4.01B+8.5%
Stock-Based Comp

$244K

Previous: $219K+11.4%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$53.2M

Q2 2022+1.5%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Capital City Bank · $15.8M total across 4 segments · Q2 2022

  • Deposit Fees
    $5.45M+28.6%
  • Wealth Management Fees
    $4.4M+34.5%
  • Bank Card Fees
    $4.03M+0.9%
  • Other Noninterest Income
    $1.95M

Forward guidance

Capital City Bank Group faces macroeconomic uncertainty but believes it is well-positioned to navigate through the year and beyond. The asset-sensitive balance sheet and pension liability should respond well to rising rates, and expansion efforts are producing favorable results.

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 2022

Historical avgQ2 2022

+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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