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Jun 30, 2021
Capital City Bank Q2 2021 Earnings Report
Reported net income of $7.4 million, with diluted earnings per share of $0.44.
Key Takeaways
Capital City Bank Group reported a net income of $7.4 million for Q2 2021, a decrease compared to both the previous quarter and the same quarter last year. The results included a $2.0 million partial pension settlement charge. Despite challenges, the bank saw net interest income growth and strong loan growth, while credit quality metrics remained strong.
Net interest income grew 6% sequentially, driven by strong loan growth and higher SBA PPP fees.
Period-end loan balances (net of SBA PPP balances) grew by $74 million, or 4.0% sequentially.
Strong credit quality metrics and a net loan loss recovery drove a negative credit loss provision of $0.6 million.
Average deposit balances grew $148 million, or 4.6% sequentially, reflecting additional stimulus inflows and strong core deposit growth.
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.com Forward Guidance
The company is closely monitoring conditions, including the rising case count of COVID-19 in some of its communities, and will adjust its return to work date for all associates as necessary depending on changing conditions.