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Sep 30, 2021
Capital City Bank Q3 2021 Earnings Report
Reported strong third quarter results with increased net income and improved credit quality.
Key Takeaways
Capital City Bank Group reported a net income of $10.1 million, or $0.60 per diluted share, for Q3 2021. Net interest income grew, and noninterest expense decreased due to lower pension settlement charges and a gain from the sale of a banking office. Credit quality improved, resulting in no loan loss provision for the quarter.
Net interest income grew by $1.7 million, driven by higher loan fees and a better earning asset mix.
Average loans, excluding PPP loans, increased by $35 million, and average investment securities increased by $218 million.
Strong credit quality metrics resulted in no loan loss provision for the quarter.
Noninterest expense decreased by $2.4 million due to lower pension settlement charges and a gain from the sale of a banking office.
Revenue by Segment
Forward Guidance
The Bank continues to focus on expansion efforts in markets in west Florida and the northern arc of Atlanta, identifying opportunities and executing on strategies that are believed to be sustainable and add long-term value for shareowners, while challenges still remain.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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