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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).
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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