NASDAQ$CCBG

Capital City Bank Group Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong third quarter results driven by diversified revenue and a strong balance sheet.

Capital City Bank Group, Inc. reported a strong third quarter with a net income of $10.4 million, or $0.62 per diluted share, which is an increase of 12.7% over the second quarter. The results were driven by diversified revenue, a strong balance sheet, and the contribution of Capital City Home Loans.

  • Return on assets improved to 1.17% and return on equity to 12.16%
  • 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 ($0.23 per share)
  • Credit quality remains strong with no significant problem loan migration

Headline financials

Total Revenue

$60.1M

Previous: $40.1M+49.8%
EPS (adj)

$0.62

Previous: $0.50+24.0%
Return on Average Assets

1.2%

No prior period
Return on Average Equity

12.2%

No prior period
Net Interest Margin

3.1%

No prior period
Efficiency Ratio

67.0%

No prior period
Capital Expenditures

-$7.84M

Previous: -$3.35M-133.9%
Free Cash Flow

$2.56M

Previous: $5.13M-50.2%
Net Income

$10.4M

Previous: $8.48M+22.6%
Operating Income

$46.7M

Previous: $28.5M+63.7%
Gross Profit

$58.8M

Previous: $40.1M+46.6%
Cash & Equivalents

$76.5M

Previous: $61.2M+25.1%
Total Assets

$3.59B

Previous: $2.93B+22.2%
Stock-Based Comp

$242K

Previous: $249K-2.8%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$60.1M

Q3 2020+49.8%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Capital City Bank · $35M total across 5 segments · Q3 2020

  • Mortgage Banking Revenues
    $23M
  • Deposit Fees
    $4.32M
  • Bank Card Fees
    $3.39M
  • Wealth Management Fees
    $2.81M
  • Other Noninterest Income
    $1.47M

Forward guidance

The company hopes to continue to experience economic improvement during the fourth quarter and into 2021.

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 Q3 2020

Historical avgQ3 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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