TALLAHASSEE, Fla., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ:CCBG) announced today that its Board of Directors approved a new stock repurchase program on January 25, 2024. Under the newly approved stock repurchase program, the company is authorized to repurchase up to 750,000 shares of its common stock over the next five years, from time to time, in the open market or through private transactions, as market conditions warrant. However, the new stock repurchase program does not ...

Capital City Bank (CCBG) reported $56.33 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 4.7%. EPS of $0.70 for the same period compares to $0.68 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $56.5 million, representing a surprise of -0.30%. The company delivered an EPS surprise of -5.41%, with the consensus EPS estimate being $0.74.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

TALLAHASSEE, Fla., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ:CCBG) today reported net income attributable to common shareowners of $11.7 million, or $0.70 per diluted share, for the fourth quarter of 2023 compared to $12.7 million, or $0.74 per diluted share, for the third quarter of 2023, and $9.6 million, or $0.56 per diluted share, for the fourth quarter of 2022. For the full year of 2023, net income attributable to common shareowners totaled $52.3 million, or $3.07 per dilu ...

Shareholders' Equity and Capital Ratios - Shareholders' equity increased to $419.7 million in Q3 2023, up from $412.4 million in Q2 2023, reflecting a growth of 0.3%[124] - The total risk-based capital ratio was 16.30% at September 30, 2023, compared to 15.68% at June 30, 2023[130] - Shareowners' equity rose to $419.7 million at September 30, 2023, up from $412.4 million at June 30, 2023, and $387.3 million at December 31, 2022, driven by net income of $40.5 million for the first nine months of 2023[147] - Total risk-based capital ratio improved to 16.30% at September 30, 2023, compared to 15.68% at June 30, 2023, and 15.30% at December 31, 2022[147] - Common equity tier 1 capital ratio was 13.26% at September 30, 2023, compared to 12.73% at June 30, 2023, and 12.38% at December 31, 2022[147] - Tangible common equity ratio was 8.08% at September 30, 2023, compared to 7.43% at June 30, 2023, and 6.65% at December 31, 2022[147] Income and Expenses - Net interest income (FTE) for Q3 2023 was $39.367 million, a decrease from $40.224 million in Q2 2023[131] - Noninterest income for Q3 2023 was $16.728 million, down from $19.967 million in Q2 2023[131] - Noninterest expense for Q3 2023 totaled $39.1 million, a decrease of $1.2 million from $40.3 million in Q2 2023[128] - Net income attributable to common shareholders for Q3 2023 was $12.655 million, compared to $14.174 million in Q2 2023[131] - Income tax expense for Q3 2023 was $3.0 million with an effective rate of 20.7%, compared to $3.4 million (19.4%) in Q2 2023 and $2.5 million (20.7%) in Q3 2022[139] - Noninterest income for Q3 2023 totaled $16.7 million, down from $20.0 million in Q2 2023 and $18.5 million in Q3 2022, with a total of $54.5 million for the first nine months of 2023 compared to $59.9 million in the same period of 2022[134] - Total noninterest expense for Q3 2023 was $39.1 million, compared to $40.3 million in Q2 2023 and $37.7 million in Q3 2022, with a total of $117.1 million for the first nine months of 2023 compared to $112.4 million in the same period of 2022[137] Loans and Assets - Average loans held for investment (HFI) rose by $15.0 million, or 0.6%, to $2.646 billion in Q3 2023 compared to Q2 2023[129] - Total assets decreased to $4,218,855,000 from $4,357,678,000 year-over-year, representing a decline of approximately 3.2%[148] - Loans held for investment increased to $2,672,653,000, up from $2,264,075,000, reflecting a growth of approximately 18.0%[148] - Average total deposits decreased by $122.7 million, or 3.3%, to $3.597 billion in Q3 2023 compared to Q2 2023[130] - Total deposits decreased to $3,596,816,000 from $3,769,864,000 year-over-year, a decline of about 4.6%[148] - Nonperforming assets decreased to $4.7 million at September 30, 2023, from $6.6 million at June 30, 2023[130] Interest and Margins - Net interest margin for Q3 2023 was 4.03%, down 3 basis points from Q2 2023, but up 71 basis points from Q3 2022[132] - Tax-equivalent net interest income for Q3 2023 was $39.4 million, a decrease from $40.2 million in Q2 2023 but an increase from $33.5 million in Q3 2022[132] - The interest rate spread improved to 3.54% compared to 3.14% in the previous year[148] Credit Losses and Provisions - Provision for credit losses increased to $2.4 million in Q3 2023 from $2.2 million in both Q2 2023 and Q3 2022, with a total of $7.7 million for the first nine months of 2023 compared to $3.9 million in the same period of 2022[133] - The allowance for credit losses increased to $(29,172,000) from $(21,509,000) year-over-year, indicating a rise in provisions for potential loan losses[148] - The allowance for credit losses is adjusted by a credit loss provision and reduced by charge-offs, reflecting management's estimates based on historical loan default and loss experience[141] Operational Changes and Future Outlook - The company is implementing remediation efforts to address identified material weaknesses in internal controls over financial reporting[150] - Capital expenditures are expected to be approximately $8.0 million over the next 12 months, primarily for new office construction, remodeling, and technology purchases[146] - The company maintained a liquidity source through its investment portfolio, with options to pledge securities or sell selected securities as needed[146] - Average net overnight funds position decreased to $136.6 million in Q3 2023 from $218.9 million in Q2 2023 and $469.4 million in Q4 2022, reflecting growth in average loans and lower average deposit balances[146] - Average short-term borrowings increased to $49.7 million in Q3 2023 compared to $35.7 million in Q2 2023 and $50.8 million in Q4 2022, primarily due to an increase in short-term repurchase agreements[147] Investment Portfolio - At September 30, 2023, 33.6% of the investment portfolio was classified as Available-for-Sale (AFS) and 65.2% as Held-to-Maturity (HTM)[140] - The economic value of equity (EVE) was favorable in all rising rate environments as of September 30, 2023, with EVE ratios exceeding the policy minimum of 5.0%[144] - The net pension liability reflected in other comprehensive loss was $4.6 million at September 30, 2023, compared to $4.7 million at June 30, 2023[147]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 CAPITAL CITY BANK GROUP, INC. QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED JUNE 30, 2023 TABLE OF CONTENTS PART I – Financial Information Page Item 1. Consolidated Financial Statements (Unaudited) Consolidated Statements of Financial Condition – June 30, 2023 and December 31, 2022 4 Consolidated Statements of Income – Three and Six Months Ended June 30, 2023 and 2022 5 Consolidated Statements of Comprehensive Income (Loss) – Three ...

At March 31, 2023, we had the ability to generate $1.428 billion in additional liquidity through all of our available resources (this excludes $303.4 million in overnight funds sold). In addition to the primary borrowing outlets mentioned above, we also have the ability to generate liquidity by borrowing from the Federal Reserve Discount Window and through brokered deposits. We recognize the importance of maintaining liquidity and have developed a Contingent Liquidity Plan, which addresses various liquidity ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Capital City Bank Group, Inc. (Exact name of Registrant as specified in its charter) Title of Each Class Tradin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-13358 Capital City Bank Group, Inc. (Exact name of Registrant as specified in its charter) Florida 59-2273542 ...

Financial Performance - Total assets increased to $4,354,297 thousand as of June 30, 2022, compared to $4,263,849 thousand at December 31, 2021, reflecting a growth of approximately 2.1%[6] - Total deposits reached $3,786,258 thousand, a rise from $3,712,862 thousand, indicating a growth of approximately 2%[6] - Net income attributable to common shareholders was $8,713,000 for the three months ended June 2022, an increase of 17.3% from $7,427,000 in the same period of 2021[9] - Basic net income per share for the three months ended June 2022 was $0.51, compared to $0.44 for the same period in 2021, reflecting a 15.9% increase[8] - Net income attributable to common shareholders for the six months ended June 30, 2022, was $17,168,000, compared to $16,933,000 for the same period in 2021, representing an increase of 1.39%[13] - Net interest income remains a significant factor affecting profitability, driven by the difference between interest earned on assets and interest paid on liabilities[69] - Net Interest Income After Provision for Credit Losses was $26,791 million, up from $24,696 million year-over-year, representing an increase of 8.5%[74] - Net Income Attributable to CCBG reached $8,713 million, compared to $8,455 million in the previous year, reflecting a growth of 3.1%[74] Loans and Credit Quality - Loans held for investment rose to $2,213,653 thousand, up from $1,931,465 thousand, representing an increase of about 14.6%[6] - The total allowance for credit losses at the end of June 30, 2022, was $21,281 thousand, down from $22,175 thousand at the end of June 30, 2021[29] - The provision for credit losses was $1,542,000 for the three months ended June 30, 2022, compared to a negative provision of $(571,000) in the same period of 2021[8] - The net charge-offs for the six months ended June 30, 2022, amounted to $1,916 thousand, reflecting a decrease in the allowance for HFI loans due to the release of reserves for pandemic-related losses[29] - The company has established comprehensive lending policies and underwriting standards to manage credit risk effectively[35] - The total amount of loans categorized as "Substandard" in the Real Estate - Commercial Mortgage category was $11,446,000[38] - The allowance for credit losses represented 0.96% of HFI loans and provided coverage of 678% of nonperforming loans, compared to 1.05% and 761% respectively at March 31, 2022[95] Deposits and Liabilities - Total liabilities amounted to $3,972,539 thousand, up from $3,868,925 thousand, reflecting an increase of approximately 2.7%[6] - Noninterest bearing deposits increased to $1,724,671 thousand, compared to $1,668,912 thousand, marking a growth of about 3.3%[6] - The net increase in deposits for the six months ended June 30, 2022, was $73,396,000, while short-term borrowings increased by $4,784,000[13] - Average total deposits were $3.765 billion for Q2 2022, an increase of $51.3 million, or 1.4%, from Q1 2022[78] Investment and Securities - Investment securities available for sale totaled $601,405 thousand, down from $654,611 thousand, representing a decrease of approximately 8.1%[6] - The investment portfolio had an amortized cost of $643.7 million and a fair value of $601.4 million as of June 30, 2022, reflecting unrealized losses of $42.6 million[18] - The total unrealized gains on held-to-maturity securities amounted to $528.3 million as of June 30, 2022[21] - The company reported unrealized losses of $35,317 thousand on available-for-sale securities as of June 30, 2022, compared to $7,105 thousand at December 31, 2021, indicating a significant increase in unrealized losses[24] Shareholders' Equity - Shareholders' equity decreased to $371,675 thousand from $383,166 thousand, a decline of about 3%[6] - Tangible shareholders' equity (non-GAAP) for Q2 2022 was $278,502,000, compared to $278,932,000 in Q1 2022[70] - The company had a total accumulated other comprehensive loss of $(40,765) thousand as of June 30, 2022, compared to $(16,214) thousand at the beginning of the year[67] Noninterest Income and Expenses - Noninterest income totaled $24,903,000 for the three months ended June 2022, a decrease of 5.4% from $26,473,000 in the prior year[8] - Total noninterest expense decreased to $40,498,000 for the three months ended June 2022, down from $42,123,000 in the same period of 2021, representing a 3.9% reduction[8] - Noninterest income as a percentage of Operating Revenue was 46.78%, down from 51.11% year-over-year, a decrease of 4.33 percentage points[74] - Noninterest expense for Q2 2022 totaled $40.5 million, an increase from $39.2 million in Q1 2022[78] Capital and Liquidity - The company had the ability to generate $1.589 billion in additional liquidity through available resources, excluding $603 million in overnight funds sold[103] - The company maintained average short-term borrowings of $31.8 million in Q2 2022, compared to $32.4 million in Q1 2022 and $46.4 million in Q4 2021, due to lower warehouse borrowing needs[105] - The company expects its annual effective tax rate to approximate 20-21% in 2022[91] Economic and Market Conditions - The company is evaluating the impact of ASU 2022-02 on its consolidated financial statements, effective for fiscal years beginning after December 15, 2022[16] - The economic value of equity (EVE) was favorable in all rising rate environments and unfavorable in falling rate environments as of June 30, 2022[102] - The percentage change in net interest income for a 12-month shock at +400 bp was 19.3%, while at -100 bp it was -10.3%[100]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-13358 Capital City Bank Group, Inc. | --- | --- | --- | --- | --- | |--------------------------------------------- ...