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Dec 31, 2021
Capital City Bank Q4 2021 Earnings Report
Capital City Bank's earnings decreased due to lower SBA PPP loan income and a normalizing mortgage market, despite growth in fee-based businesses and pristine credit quality.
Key Takeaways
Capital City Bank Group reported a net income of $6.4 million, or $0.38 per diluted share, for Q4 2021, a decrease compared to the previous quarter and the same quarter of the prior year. The results were impacted by lower SBA PPP loan income and a normalizing mortgage market, although operating revenues excluding these items improved. Full year net income reached a record $33.4 million.
Net income for Q4 2021 was $6.4 million, or $0.38 per diluted share, compared to $7.7 million, or $0.46 per diluted share, for Q4 2020.
Operating revenues, excluding mortgage revenues and SBA PPP loan income, increased by 1.9%.
Noninterest expense increased by $0.5 million, primarily due to higher other real estate expense.
Average deposits grew by $101 million, driven by a seasonal increase in public fund inflows.
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.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
Capital City Bank Group anticipates an annual effective tax rate of approximately 19%-20% in 2022, absent discrete items.