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Jun 30, 2022
Capital City Bank Q2 2022 Earnings Report
Net income increased slightly, driven by strong loan growth and higher interest rates.
Key Takeaways
Capital City Bank Group reported a solid financial performance for Q2 2022, with net income attributable to common shareowners of $8.7 million, or $0.51 per diluted share. Strong loan growth and higher interest rates contributed to the positive results, with net interest income growing by 14.7%.
Net interest income grew 14.7% due to strong loan growth and higher interest rates.
Period end loan balances increased by $228.1 million, or 11.5%, with residential loan purchases from Capital City Home Loans (CCHL) contributing $132 million.
Provision for credit losses increased $1.5 million driven by strong loan growth, while overall credit quality remained strong.
Noninterest income decreased $0.9 million, or 3.5%, due to lower insurance commission revenues at Capital City Strategic Wealth (CCSW).
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.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
Capital City Bank Group faces macroeconomic uncertainty but believes it is well-positioned to navigate through the year and beyond. The asset-sensitive balance sheet and pension liability should respond well to rising rates, and expansion efforts are producing favorable results.