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Jun 30, 2024
Capital City Bank Q2 2024 Earnings Report
Reported net income of $14.2 million and EPS of $0.83, driven by margin expansion and stable credit quality.
Key Takeaways
Capital City Bank Group reported a net income attributable to common shareowners of $14.2 million, or $0.83 per diluted share, for the second quarter of 2024. The results reflect margin expansion and stable credit quality.
Tax-equivalent net interest income totaled $39.3 million with net interest margin at 4.02%.
Net loan charge-offs were 18 basis points of average loans, and the allowance coverage ratio increased to 1.09%.
Noninterest income increased by $1.5 million, driven by higher mortgage banking revenues.
Tangible book value per diluted share increased by $0.72, or 3.4%.
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
Absent discrete items, the company expects its annual effective tax rate to approximate 20-21% for 2024.