NASDAQ$CCBG

Capital City Bank Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net income increased due to loan growth and margin expansion.

Capital City Bank Group reported a net income attributable to common shareowners of $11.3 million, or $0.67 per diluted share, for Q3 2022, compared to $10.1 million, or $0.60 per diluted share, for Q3 2021. The increase was driven by loan growth and margin expansion.

  • Continued strong growth in net interest income of 18% - net interest margin percentage grew 44 bps to 3.31%.
  • Solid loan growth of 6.0% (end of period) and 8.6% (average).
  • Continued strong credit quality metrics – higher credit loss provision driven primarily by loan growth.
  • Noninterest expense decreased $0.7 million, or 1.7%, primarily due to lower mortgage and wealth commissions, partially offset by higher performance-based compensation.

Headline financials

Total Revenue

$56.3M

Previous: $54.2M+3.7%
EPS (adj)

$0.67

Previous: $0.60+11.7%
Net Interest Margin

3.3%

Previous: 3.0%+11.1%
Efficiency Ratio

70.7%

Previous: 73.1%-3.3%
Equity to Assets

8.6%

Previous: 8.6%-0.1%
Capital Expenditures

-$4.01M

Previous: -$4.59M+12.6%
Free Cash Flow

$7.3M

Previous: $5.5M+32.7%
Net Income

$11.3M

Previous: $10.1M+12.1%
Operating Income

$40.6M

Previous: $42.1M-3.5%
Gross Profit

$54.2M

Previous: $54.2M-0.2%
Cash & Equivalents

$72.7M

Previous: $73.1M-0.6%
Total Assets

$4.33B

Previous: $4.05B+7.0%
Stock-Based Comp

$415K

Previous: $219K+89.5%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$56.3M

Q3 2022+3.7%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Capital City Bank · $15.8M total across 4 segments · Q3 2022

  • Deposit Fees
    $5.95M+17.2%
  • Wealth Management Fees
    $3.94M+8.7%
  • Bank Card Fees
    $3.86M+2.0%
  • Other Noninterest Income
    $2.07M+14.8%

Forward guidance

As we plan for 2023, we are focused on strategies that will further diversify and grow our revenue base, both product and geography, and improve our efficiency.

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 2022

Historical avgQ3 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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