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Dec 31, 2023
Capital City Bank Q4 2023 Earnings Report
Reported net income attributable to common shareowners.
Key Takeaways
Capital City Bank Group, Inc. reported a net income attributable to common shareowners of $11.7 million, or $0.70 per diluted share, for Q4 2023, compared to $9.6 million, or $0.56 per diluted share, for Q4 2022. The increase was driven by strong loan growth and higher interest rates.
Tax-equivalent net interest income totaled $39.3 million.
Net interest margin increased four basis points to 4.07%.
Allowance coverage ratio increased from 1.08% to 1.10%.
Noninterest income increased $0.4 million, driven by higher mortgage banking revenues.
Revenue by Segment
Forward Guidance
Absent discrete items or new tax credit investments, we expect our annual effective tax rate to approximate 21-22% for 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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