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Mar 31, 2021
Capital City Bank Q1 2021 Earnings Report
Reported net income of $9.5 million, or $0.56 per diluted share, for the first quarter of 2021.
Key Takeaways
Capital City Bank Group reported a strong first quarter with net income of $9.5 million, driven by rising consumer spending, improving credit quality, and increased loan activity. The bank experienced solid growth in commercial real estate and residential loans, as well as strong performance in wealth management, mortgage, and debit/credit card services.
Return on assets of 1.01% and return on equity of 11.81%.
Credit quality metrics remained stable and reduced COVID-19 exposure drove a negative credit loss provision of $1.0 million.
Period-end loan balances grew by $51 million, or 2.6% sequentially, with SBA PPP Round 2 originations totaling $65 million.
Average deposit balances grew $173 million, or 5.7% sequentially, reflecting stimulus inflows and strong core deposit growth.
Revenue by Segment
Forward Guidance
Forward-looking statements are based on current plans and expectations that are subject to uncertainties and risks, including the impact of the COVID-19 pandemic, legislative or regulatory changes, fluctuations in interest rates, and technological changes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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