Welcome to our dedicated page for Capital City Bk news (Ticker: CCBG), a resource for investors and traders seeking the latest updates and insights on Capital City Bk stock.
Overview of Capital City Bank Group, Inc. (NASDAQ: CCBG)
Capital City Bank Group, Inc. (CCBG) is a prominent financial holding company headquartered in Florida, with a history dating back to 1895. Operating through its subsidiary, Capital City Bank, the company delivers a comprehensive suite of banking and financial services to individuals, businesses, and municipalities across Florida, Georgia, and Alabama. With a regional focus and a commitment to community banking, CCBG combines traditional banking services with diversified financial solutions to meet the evolving needs of its clients.
Core Business Areas
CCBG operates through several key business segments, offering a wide range of services that include:
- Retail and Commercial Banking: Traditional deposit and credit services tailored to individuals and businesses, including checking and savings accounts, loans, and lines of credit.
- Mortgage Banking: Comprehensive mortgage solutions for residential and commercial properties, catering to both first-time buyers and seasoned investors.
- Trust and Asset Management: Customized wealth management solutions, including trust administration, estate planning, and investment advisory services.
- Securities Brokerage: Access to financial markets through securities brokerage services, enabling clients to diversify their investment portfolios.
- Merchant Services: Payment processing solutions designed to support businesses of all sizes in managing transactions efficiently.
- Bank Cards and Data Processing: Credit and debit card services coupled with advanced data processing solutions to enhance operational efficiency.
Market Position and Regional Focus
Capital City Bank Group holds a strong position in the southeastern United States, with a network of approximately 60 banking offices and 71 ATMs strategically located across Florida, Georgia, and Alabama. This regional focus allows the company to build deep relationships with local communities while maintaining a competitive edge through personalized service and market-specific expertise.
Competitive Landscape
Operating within the highly competitive financial services industry, CCBG faces challenges from both regional banks and national financial institutions. Its differentiation lies in its long-standing history, regional expertise, and diversified revenue streams. By combining traditional banking with innovative financial solutions, CCBG positions itself as a trusted partner for its clients’ financial needs. The company’s emphasis on sound credit practices and stable credit quality further strengthens its reputation.
Key Strengths and Strategic Initiatives
CCBG’s operational strengths include a well-diversified revenue base, a focus on core deposit growth, and disciplined financial management. The company consistently invests in technology and infrastructure to enhance client experiences, including the addition of interactive teller machines and security upgrades. Furthermore, its commitment to soundness, profitability, and growth ensures long-term value creation for stakeholders.
Challenges and Risk Management
As with any financial institution, CCBG faces risks associated with interest rate fluctuations, regulatory compliance, and economic conditions. The company actively manages these risks through prudent credit practices, liquidity management, and adherence to regulatory standards. Its strong capital position and fortress balance sheet underscore its resilience in navigating industry challenges.
Commitment to Community and Sustainability
Capital City Bank Group is deeply rooted in the communities it serves, supporting local initiatives and fostering economic development. As an equal housing lender and equal opportunity employer, the company upholds principles of fairness and inclusivity. Its recognition as one of the best banks to work for highlights its dedication to creating a positive and supportive workplace culture.
Conclusion
Capital City Bank Group, Inc. (CCBG) exemplifies the principles of community banking while leveraging its diversified financial services to drive growth and profitability. With a rich history, regional focus, and commitment to innovation, CCBG remains well-positioned to meet the financial needs of its clients and create long-term value for its shareholders.
The Board of Directors of Capital City Bank Group (NASDAQ: CCBG) announced a quarterly cash dividend of $.17 per share, reflecting an annualized rate of $.68. The dividend is set to be paid on December 19, 2022, for shareholders of record as of December 5, 2022. This results in an annualized dividend yield of 1.94%, based on a stock price of $34.97 as of November 16, 2022.
Capital City Bank Group boasts approximately $4.4 billion in assets and offers a comprehensive suite of banking services across Florida, Georgia, and Alabama.
Capital City Bank Group reported a net income of $11.3 million, or $0.67 per diluted share, for Q3 2022, an increase from $8.7 million in Q2 2022. Year-to-date income reached $28.5 million, up from $27.0 million in 2021. Key highlights include an 18% growth in net interest income, a net interest margin increase to 3.31%, and a solid loan growth of 6.0%. However, noninterest income decreased by 7.9% due to lower mortgage revenues. The company's credit quality remains robust with only minor increases in provisions for credit losses.
Capital City Bank Group, Inc. (NASDAQ: CCBG) announced that Jep Larkin will become the new Executive Vice President and Chief Financial Officer effective January 1, 2023, succeeding long-time CFO J. Kimbrough Davis, who is retiring after 41 years with the company. Larkin, with 36 years at Capital City, is currently the Senior Vice President and Controller. He has extensive experience in various leadership roles and is well-regarded within the organization. His appointment is expected to ensure continuity and strengthen leadership as the company navigates future challenges.
The Board of Directors of Capital City Bank Group (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.17 per share, marking a 6.25% increase from the previous dividend of $0.16. This brings the annualized dividend to $0.68 per share, equating to an annualized yield of 2.03% based on the stock's closing price of $33.56 on August 24, 2022. The dividend is payable on September 26 to shareholders on record as of September 12, 2022.
On July 26, 2022, Capital City Bank Group reported a second quarter net income of $8.7 million, or $0.51 per diluted share, up from $8.5 million in Q1 2022 and $7.4 million in Q2 2021. For the first half of 2022, net income reached $17.2 million, reflecting a slight increase from $16.9 million in 2021. Key highlights include a 14.7% growth in net interest income, driven by strong loan growth and higher rates, despite a 3.5% decline in noninterest income due to lower insurance commission revenues. Total assets increased to $3.974 billion, with period-end loan balances up by 11.5%.
The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.16 per share, reflecting an annualized rate of $0.64. This translates to an annualized dividend yield of 2.41%, based on the closing stock price of $26.52 on May 25, 2022. The dividend is payable on June 20, 2022, to shareholders of record as of June 6, 2022. Capital City Bank Group holds approximately $4.3 billion in assets and provides a wide range of banking and financial services across Florida, Georgia, and Alabama.
On April 25, 2022, Capital City Bank Group (NASDAQ: CCBG) reported a net income of $8.5 million for Q1 2022, equating to $0.50 per diluted share, up from $6.4 million ($0.38) in Q4 2021 but down from $9.5 million ($0.56) in Q1 2021. Loan balances rose by $54 million (2.8%), and noninterest income increased by 4.6%, due to growth in wealth management fees. Noninterest expenses decreased by $1.0 million (2.4%). The company maintained strong credit quality without any credit loss provisions, positioning itself to navigate economic challenges amid rising inflation and tightening monetary policies.
The Board of Directors of Capital City Bank Group declared a quarterly cash dividend of $0.16 per share, translating to an annualized rate of $0.64 per share. This dividend will be payable on March 21, 2022, to shareholders of record as of March 7, 2022. The annualized dividend yield stands at 2.30%, based on a closing stock price of $27.86 on February 23, 2022. Capital City Bank Group, with approximately $4.3 billion in assets, offers a comprehensive range of banking services across Florida, Georgia, and Alabama.
FAQ
What is the current stock price of Capital City Bk (CCBG)?
What is the market cap of Capital City Bk (CCBG)?
What services does Capital City Bank Group offer?
Where does Capital City Bank Group operate?
How does Capital City Bank Group generate revenue?
What makes Capital City Bank Group unique in the financial services industry?
What are the key risks faced by Capital City Bank Group?
Is Capital City Bank Group a publicly traded company?
What is the history of Capital City Bank Group?
How does Capital City Bank Group support its communities?
What is the company’s approach to risk management?
What is Capital City Bank Group’s market position?
