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Dec 31, 2024
Capital City Bank Q4 2024 Earnings Report
Net income attributable to common shareowners remained stable, net interest margin increased, and noninterest expense decreased.
Key Takeaways
Capital City Bank Group, Inc. reported net income attributable to common shareowners of $13.1 million, or $0.77 per diluted share, for the fourth quarter of 2024, which is the same as the previous quarter but an increase compared to the fourth quarter of 2023. Tax-equivalent net interest income totaled $41.2 million and net interest margin increased to 4.17%.
Net income attributable to common shareowners was $13.1 million, or $0.77 per diluted share.
Tax-equivalent net interest income totaled $41.2 million.
Net interest margin increased 5 basis points to 4.17%.
Noninterest expense decreased $1.1 million, or 2.7%.
Capital City Bank
Capital City Bank
Forward Guidance
Capital City Bank Group expects their annual effective tax rate to approximate 24% for 2025, absent discrete items or new tax credit investments.