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Dec 31, 2020
Capital City Bank Q4 2020 Earnings Report
Net income decreased due to lower noninterest income and higher noninterest expense, partially offset by a slight decrease in net interest income.
Key Takeaways
Capital City Bank Group reported net income of $7.7 million, or $0.46 per diluted share, for Q4 2020, a decrease compared to Q3 2020 and Q4 2019. The decrease was primarily due to lower mortgage banking revenues and higher noninterest expenses. However, operating revenues (excluding mortgage fees) improved by 1.8%.
Operating revenues (excluding mortgage fees) improved 1.8% due to a 7% increase in other fee revenues.
Noninterest expense included $0.9 million related to real estate valuation adjustments and other expenses.
Period-end core loans (excluding SBA PPP) increased $20 million, or 1.1% sequentially.
Credit quality remained strong with no significant problem loan migration; 97% of loan balances for pandemic-related extensions have resumed payments.
Revenue by Segment
Forward Guidance
Capital City Bank Group did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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