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Sep 30, 2024
Capital City Bank Q3 2024 Earnings Report
Net income of $13.1 million and EPS of $0.78 per diluted share were reported.
Key Takeaways
Capital City Bank Group reported a net income attributable to common shareowners of $13.1 million, or $0.78 per diluted share, for the third quarter of 2024. This compares to $14.2 million, or $0.83 per diluted share, for the second quarter of 2024, and $12.7 million, or $0.74 per diluted share, for the third quarter of 2023. The results were driven by margin expansion, stable credit, and core deposit growth.
Tax-equivalent net interest income totaled $40.3 million; Net interest margin increased 10 basis points to 4.12%.
Credit quality metrics were stable; allowance coverage ratio increased to 1.11% at September 30, 2024.
Noninterest income remained stable, decreasing $0.1 million, or 0.5%.
Noninterest expense increased $2.5 million, or 6.1%.
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
Management remains optimistic about the full year financial performance and beyond.