NASDAQ$CCBG

Capital City Bank Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Capital City Bank reported a strong fourth quarter and solid full year performance.

Capital City Bank Group, Inc. reported net income of $8.6 million, or $0.51 per diluted share for Q4 2019, compared to $8.5 million, or $0.50 per diluted share for Q3 2019, and $8.5 million, or $0.50 per diluted share for Q4 2018. For the full year 2019, net income totaled $30.8 million, or $1.83 per diluted share, compared to net income of $26.2 million, or $1.54 per diluted share for 2018.

  • Operating revenues held firm despite third and fourth quarter Fed rate reductions, highlighting revenue diversification and core deposit franchise.
  • Average loans increased $9 million, or 0.5% sequentially.
  • Loan loss provision decreased $1.0 million sequentially.
  • Entered into a definitive agreement to acquire 51% ownership in Brand Mortgage, LLC

Headline financials

Total Revenue

$40.1M

Previous: $37.6M+6.6%
EPS (adj)

$0.51

Previous: $0.50+2.0%
Return on Average Assets

1.1%

No prior period
Return on Average Equity

10.4%

No prior period
Net Interest Margin

3.9%

No prior period
Noninterest Income as % of Operating Revenue

34.5%

No prior period
Efficiency Ratio

72.5%

No prior period
Tier 1 Capital Ratio

17.2%

No prior period
Total Capital Ratio

17.9%

No prior period
Leverage Ratio

11.3%

No prior period
Common Equity Tier 1 Ratio

14.5%

No prior period
Tangible Common Equity Ratio

8.1%

No prior period
Equity to Assets

10.6%

No prior period
Allowance as % of Non-Performing Loans

311.0%

No prior period
Allowance as a % of Loans HFI

0.8%

No prior period
Net Charge-Offs as % of Average Loans HFI

0.1%

No prior period
Nonperforming Assets as % of Loans HFI and OREO

0.3%

No prior period
Nonperforming Assets as % of Total Assets

0.2%

No prior period
Capital Expenditures

$407K

Previous: -$1.31M+131.0%
Free Cash Flow

$9.35M

Previous: $14.5M-35.4%
Net Income

$8.57M

Previous: $8.46M+1.3%
Operating Income

$11.1M

No prior period
Cash & Equivalents

$378M

Previous: $62M+510.0%
Total Assets

$3.09B

Previous: $2.96B+4.4%
Stock-Based Comp

$435K

Previous: $443K-1.8%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$40.1M

Q4 2019+6.6%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Capital City Bank · $13.8M total across 5 segments · Q4 2019

  • Deposit Fees
    $4.98M
  • Bank Card Fees
    $3.13M
  • Wealth Management Fees
    $2.76M
  • Mortgage Banking Revenues
    $1.54M
  • Other Noninterest Income
    $1.41M

Forward guidance

Forward-looking statements in this press release are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially.

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 Q4 2019

Historical avgQ4 2019

+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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