NASDAQ$CCBG

Capital City Bank Group Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Net income attributable to common shareowners remained stable, net interest margin increased, and noninterest expense decreased.

Capital City Bank Group, Inc. reported net income attributable to common shareowners of $13.1 million, or $0.77 per diluted share, for the fourth quarter of 2024, which is the same as the previous quarter but an increase compared to the fourth quarter of 2023. Tax-equivalent net interest income totaled $41.2 million and net interest margin increased to 4.17%.

  • Net income attributable to common shareowners was $13.1 million, or $0.77 per diluted share.
  • Tax-equivalent net interest income totaled $41.2 million.
  • Net interest margin increased 5 basis points to 4.17%.
  • Noninterest expense decreased $1.1 million, or 2.7%.

Headline financials

Total Revenue

$59.9M

Previous: $56.3M+6.3%
EPS (adj)

$0.77

Previous: $0.70+10.0%
Return on Average Assets

1.2%

No prior period
Return on Average Equity

10.6%

No prior period
Net Interest Margin

4.2%

Previous: 4.1%+2.5%
Noninterest Income as % of Operating Revenue

31.3%

No prior period
Efficiency Ratio

69.7%

Previous: 70.8%-1.5%
Tier 1 Capital Ratio

17.5%

No prior period
Total Capital Ratio

18.6%

No prior period
Leverage Ratio

11.1%

No prior period
Common Equity Tier 1 Ratio

15.5%

No prior period
Tangible Common Equity Ratio

9.5%

No prior period
Equity to Assets

11.4%

Previous: 10.2%+11.8%
Allowance as % of Non-Performing Loans

464.1%

No prior period
Allowance as a % of Loans HFI

1.1%

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

0.3%

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

0.3%

No prior period
Nonperforming Assets as % of Total Assets

0.1%

No prior period
Net Income

$13.2M

Previous: $11.4M+15.1%
Operating Income

$17.4M

Previous: $14.3M+21.2%

Revenue & EPS history

Capital City Bank · Revenue · Quarterly

$59.9M

Q4 2024+6.3%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Capital City Bank · $15.4M total across 4 segments · Q3 2023

  • Deposit Fees
    $5.46M-8.3%
  • Wealth Management Fees
    $3.98M+1.2%
  • Bank Card Fees
    $3.68M-4.6%
  • Other Noninterest Income
    $2.24M+7.9%

Forward guidance

Capital City Bank Group expects their annual effective tax rate to approximate 24% for 2025, absent discrete items or new tax credit investments.

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 2024

Historical avgQ4 2024

+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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