Loading...
•
Jun 30, 2020
Capital City Bank Q2 2020 Earnings Report
Net income increased and earnings were reported as expected.
Key Takeaways
Capital City Bank Group, Inc. reported net income of $9.1 million, or $0.55 per diluted share for the second quarter of 2020, which is an increase compared to the first quarter of 2020 and the second quarter of 2019. The results were positively impacted by Capital City Home Loans and pandemic related stimulus programs.
Return on assets improved to 1.10% and efficiency ratio to 67%.
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 ($0.20/share)
Pandemic related stimulus programs contributed $190 million in loan growth and deposit balances totaling $243 million
Capital City Bank
Capital City Bank
Capital City Bank Revenue by Segment
Revenue by Segment
Deposit Fees Revenue
CapyFin.comBank Card Fees Revenue
CapyFin.comWealth Management Fees Revenue
CapyFin.comMortgage Banking Revenues Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
The second half of 2020 will remain challenging but is hopeful it will bring improvement.