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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.
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
Capital City Bank Group did not provide specific forward guidance in the earnings report.