Loading...
•
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.
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 or new tax credit investments, we expect our annual effective tax rate to approximate 21-22% for 2024.