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Dec 31, 2022
Capital City Bank Q4 2022 Earnings Report
Capital City Bank Group's net income attributable to common shareowners increased to $11.7 million, or $0.68 per diluted share.
Key Takeaways
Capital City Bank Group, Inc. reported a solid fourth quarter with net income attributable to common shareowners of $11.7 million, or $0.68 per diluted share. The results were driven by strong growth in net interest income and loan growth, while noninterest income decreased due to lower mortgage banking revenues.
Net interest income increased by 14% with net interest margin growing 45 basis points to 3.76%.
Loan growth was strong at $179 million, or 7.6%.
Credit quality metrics remained strong, but the credit loss provision increased due to loan growth.
Noninterest income decreased by $1.9 million, or 8.5%, primarily due to lower mortgage banking revenues.
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
Absent discrete items, we expect our annual effective tax rate to approximate 21%-22% in 2023.