Capital City Bank (CCBG) Tops Q1 Earnings and Revenue Estimates

Core Insights - Capital City Bank (CCBG) reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.75 per share, and showing an increase from $0.74 per share a year ago, representing a 32% earnings surprise [1] - The bank's revenues for the quarter ended March 2025 were $61.45 million, surpassing the Zacks Consensus Estimate by 2.94%, and up from $56.45 million year-over-year [2] - The stock has underperformed slightly, losing about 6.4% since the beginning of the year compared to the S&P 500's decline of 10.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.79, with expected revenues of $61.4 million, and for the current fiscal year, the EPS estimate is $3.14 on revenues of $245.9 million [7] - The estimate revisions trend for Capital City Bank is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Southeast industry, to which Capital City Bank belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]