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Sep 30, 2022
Capital City Bank Q3 2022 Earnings Report
Net income increased due to loan growth and margin expansion.
Key Takeaways
Capital City Bank Group reported a net income attributable to common shareowners of $11.3 million, or $0.67 per diluted share, for Q3 2022, compared to $10.1 million, or $0.60 per diluted share, for Q3 2021. The increase was driven by loan growth and margin expansion.
Continued strong growth in net interest income of 18% - net interest margin percentage grew 44 bps to 3.31%.
Solid loan growth of 6.0% (end of period) and 8.6% (average).
Continued strong credit quality metrics – higher credit loss provision driven primarily by loan growth.
Noninterest expense decreased $0.7 million, or 1.7%, primarily due to lower mortgage and wealth commissions, partially offset by higher performance-based compensation.
Revenue by Segment
Forward Guidance
As we plan for 2023, we are focused on strategies that will further diversify and grow our revenue base, both product and geography, and improve our efficiency.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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