Capital City Bank Group, Inc. (CCBG) 10-Year Financial Performance & Capital Metrics

CCBG • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutCapital City Bank Group, Inc. operates as the financial holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services. It also provides commercial and residential real estate lending products, as well as fixed- and adjustable-rate residential mortgage loans; personal, automobile, boat/RV, and home equity loans; and credit card programs. In addition, the company offers institutional banking services, including customized checking and savings accounts, cash management systems, tax-exempt loans, lines of credit, and term loans to meet the needs of state and local governments, public schools and colleges, charities, membership, and not-for-profit associations. Further, it provides consumer banking services comprising checking accounts, savings programs, interactive/automated teller machines, debit/credit cards, night deposit services, safe deposit facilities, and online and mobile banking services. Additionally, the company provides asset management for individuals through agency, personal trust, IRA, and personal investment management accounts; and various retail securities products, such as the U.S. government bonds, tax-free municipal bonds, stocks, mutual funds, unit investment trusts, annuities, life insurance, and long-term health care. As of December 31, 2021, it operated through 57 banking offices and 86 ATMs/ITMs in Florida, Georgia, and Alabama. The company was founded in 1895 and is headquartered in Tallahassee, Florida.Show more

Net Interest Income $159M
Total Revenue $262M +6.7%
Net Income $53M +1.3%
Return on Equity 11.22% -9.4%
Net Interest Margin 3.67% -0.5%
Efficiency Ratio 59.84% -2.0%
ROA 1.23% +3.5%
Equity / Assets 11.45% +10.0%
Book Value per Share 29.19 +10.9%
Tangible BV/Share 23.72 -9.9%
Debt/Equity 0.17 -16.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Strong NIM of 3.7%
✓10 consecutive years of dividend growth
✓Well capitalized: 11.5% equity/assets
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.72%

5Y10.37%

3Y8.14%

TTM-

Profit (Net Income) CAGR

10Y19.04%

5Y11.43%

3Y16.58%

TTM13.76%

EPS CAGR

10Y19.4%

5Y11.26%

3Y16.37%

TTM13.67%

ROCE

10Y Avg8.1%

5Y Avg10.32%

3Y Avg10.21%

Latest11%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	76.35M	77.97M	82.98M	92.5M	103.34M	101.33M	102.86M	125.02M	158.99M	158.94M
NII Growth %	0.02%	0.02%	0.06%	0.11%	0.12%	-0.02%	0.02%	0.22%	0.27%	-0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	79.66M	81.15M	86.93M	99.39M	112.84M	106.2M	106.35M	131.35M	181.07M	194.66M
Interest Expense	3.31M	3.19M	3.95M	6.89M	9.49M	4.87M	3.49M	6.89M	22.08M	35.72M
Loan Loss Provision	1.59M	819K	2.21M	2.92M	2.03M	9.64M	-1.55M	7.49M	9.71M	4.03M
Non-Interest Income+	54.09M	47.21M	45.49M	45.59M	47.27M	105.33M	100.98M	69.21M	64.63M	67.56M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	133.75M	128.36M	132.42M	144.98M	160.11M	211.53M	207.33M	200.56M	245.69M	262.22M
Revenue Growth %	0.07%	-0.04%	0.03%	0.09%	0.1%	0.32%	-0.02%	-0.03%	0.23%	0.07%
Non-Interest Expense	115.27M	106.74M	103.19M	105.53M	107.83M	144.13M	155.94M	145.1M	150.04M	156.9M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	13.57M	17.61M	23.07M	29.64M	40.76M	52.88M	49.45M	41.08M	63.86M	65.57M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.24%	0.3%	0.31%	0.29%	0.37%	0.3%	-0.06%	-0.17%	0.55%	0.03%
Pretax Income+	13.57M	17.61M	23.07M	29.64M	40.76M	52.88M	49.45M	41.08M	63.86M	65.57M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.46M	5.87M	12.2M	3.42M	9.95M	10.23M	9.84M	7.8M	13.04M	13.92M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	9.12M	11.75M	10.86M	26.22M	30.81M	31.58M	33.4M	33.41M	52.26M	52.91M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.02%	0.29%	-0.08%	1.41%	0.17%	0.02%	0.06%	0%	0.56%	0.01%
Net Income (Continuing)	9.12M	11.75M	10.86M	26.22M	30.81M	42.65M	39.62M	33.28M	50.82M	51.64M
EPS (Diluted)+	0.53	0.69	0.64	1.54	1.83	1.88	1.98	1.97	3.07	3.12
EPS Growth %	0%	0.3%	-0.07%	1.41%	0.19%	0.03%	0.05%	-0.01%	0.56%	0.02%
EPS (Basic)	0.53	0.69	0.64	1.54	1.84	1.88	1.98	1.97	3.08	3.12
Diluted Shares Outstanding	17.32M	17.06M	17.01M	17.07M	16.83M	16.82M	16.89M	16.98M	17.02M	16.97M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	51.29M	48.27M	58.42M	62.03M	60.09M	67.92M	65.31M	72.11M	83.12M	70.54M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	2.13B	2.26B	2.34B	2.43B	2.47B	2.59B	2.96B	3.62B	3.7B	3.62B
Investments Growth %	0.1%	0.06%	0.04%	0.04%	0.02%	0.05%	0.14%	0.23%	0.02%	-0.02%
Long-Term Investments	1.68B	1.74B	1.86B	1.98B	2.07B	2.27B	2.3B	3.21B	3.36B	3.2B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	84.81M	84.81M	84.81M	84.81M	84.81M	89.09M	0	91.8M	0	91.8M
Intangible Assets	0	0	0	0	0	0	0	1.29M	0	973K
PP&E (Net)	98.82M	95.48M	91.7M	87.19M	84.54M	86.79M	83.41M	82.14M	81.27M	81.95M
Other Assets	434.07M	357.8M	321.27M	294.79M	384.84M	962.81M	1.06B	648.3M	348.6M	455.79M
Total Current Assets	502.32M	571M	539.33M	508.19M	463.69M	392.79M	719.92M	485.41M	421.02M	496.46M
Total Non-Current Assets	2.3B	2.27B	2.36B	2.45B	2.63B	3.41B	3.54B	4.03B	3.88B	3.83B
Total Assets+	2.8B	2.85B	2.9B	2.96B	3.09B	3.8B	4.26B	4.52B	4.3B	4.32B
Asset Growth %	0.06%	0.02%	0.02%	0.02%	0.04%	0.23%	0.12%	0.06%	-0.05%	0%
Return on Assets (ROA)	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	152.21M	80.52M	74.33M	75M	65.81M	135.6M	88.33M	110.19M	88.54M	81.98M
Net Debt	100.92M	32.25M	15.91M	12.96M	5.72M	67.68M	23.02M	38.08M	5.42M	11.44M
Long-Term Debt	91.15M	67.77M	66.85M	61.45M	59.4M	55.94M	53.77M	53.4M	53.2M	53.68M
Short-Term Debt	61.06M	12.75M	7.48M	13.54M	6.4M	79.65M	34.56M	56.79M	35.34M	28.3M
Other Liabilities	68.45M	77.23M	70.37M	49.74M	50.68M	102.08M	67.73M	73.67M	66.08M	75.65M
Total Current Liabilities	2.36B	2.43B	2.48B	2.55B	2.65B	3.3B	3.75B	4B	3.74B	3.7B
Total Non-Current Liabilities	159.6M	144.99M	137.23M	111.2M	110.08M	158.02M	121.51M	127.08M	119.28M	129.33M
Total Liabilities	2.52B	2.57B	2.61B	2.66B	2.76B	3.46B	3.87B	4.12B	3.86B	3.83B
Total Equity+	274.35M	275.17M	284.43M	302.59M	327.02M	342.84M	394.92M	396.04M	448.03M	495.32M
Equity Growth %	0.01%	0%	0.03%	0.06%	0.08%	0.05%	0.15%	0%	0.13%	0.11%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	0.04%	0.04%	0.09%	0.1%	0.09%	0.09%	0.08%	0.12%	0.11%
Book Value per Share	15.84	16.13	16.72	17.72	19.43	20.38	23.38	23.32	26.32	29.19
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	172K	168K	170K	167K	168K	168K	169K	170K	170K	170K
Additional Paid-in Capital	38.26M	34.19M	36.67M	31.06M	32.09M	32.28M	34.42M	37.33M	36.33M	37.68M
Retained Earnings	258.18M	267.04M	279.41M	300.18M	322.94M	332.53M	364.79M	387.01M	426.27M	463.95M
Accumulated OCI	-22.26M	-26.23M	-32.04M	-28.82M	-28.18M	-44.14M	-16.21M	-37.23M	-22.15M	-6.49M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	33.76M	22.62M	38.78M	34.63M	53.69M	-48.61M	122.17M	92.69M	54.78M	63.57M
Operating CF Growth %	0.34%	-0.33%	0.71%	-0.11%	0.55%	-1.91%	3.51%	-0.24%	-0.41%	0.16%
Net Income	9.12M	11.75M	10.86M	26.22M	30.81M	31.58M	33.4M	33.41M	52.26M	52.91M
Depreciation & Amortization	6.59M	6.97M	6.56M	6.45M	6.25M	7.23M	7.71M	7.76M	8.08M	7.83M
Deferred Taxes	3.85M	3.46M	7.58M	4.84M	1.23M	-53K	-4.16M	-3.87M	-483K	-1.03M
Other Non-Cash Items	8.91M	8.65M	15.75M	5.46M	5.09M	-90.37M	81.5M	53.67M	-906K	1.72M
Working Capital Changes	4.19M	-9.47M	-3.47M	-9.77M	8.74M	2.12M	2.87M	93K	-5.4M	339K
Cash from Investing+	-197.05M	-137.36M	-97.53M	-94.02M	-46.88M	-32.59M	-453.97M	-765.83M	-68.54M	68.35M
Purchase of Investments	-256.78M	-242.01M	-262.33M	-235.32M	-211.87M	-140.98M	-775.49M	-272.1M	-23.43M	-199.98M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	3.36M	2.66M	2.87M	0	0
Other Investing	-52.51M	-64.55M	-87.68M	-118.7M	-61.69M	-170.99M	66.59M	-630.54M	-178.07M	81.32M
Cash from Financing+	157.14M	31.88M	48.15M	49.95M	95.61M	631.33M	438.6M	238.43M	-274.82M	-52.14M
Dividends Paid	-2.24M	-2.89M	-4.07M	-5.46M	-8.05M	-9.57M	-10.46M	-11.19M	-12.9M	-14.91M
Share Repurchases	-5.98M	-6.31M	0	-8.03M	-1.8M	-2.04M	-1.03M	-1.3M	-3.71M	-2.33M
Stock Issued	0	0	0	0	0	0	1.03M	1.3M	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	662K	-1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	156.56M	110.28M	58.4M	62.78M	114.65M	573.15M	495.3M	226.46M	-236.56M	-28.34M
Net Change in Cash+	-6.15M	-82.86M	-10.61M	-9.44M	102.42M	550.13M	106.81M	-434.7M	-288.58M	79.79M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	385.06M	378.9M	296.05M	285.44M	276M	378.42M	928.55M	1.04B	600.65M	312.07M
Cash at End	378.9M	296.05M	285.44M	276M	378.42M	928.55M	1.04B	600.65M	312.07M	391.85M
Interest Paid	3.31M	3.19M	3.95M	6.88M	9.52M	4.84M	3.55M	6.59M	21.77M	35.02M
Income Taxes Paid	1.44M	330K	6.51M	157K	6.25M	9.17M	16.34M	7.47M	9.12M	6.14M
Free Cash Flow+	29.06M	18.17M	34.78M	33.17M	49.93M	-58.35M	116.98M	86.37M	47.74M	54.88M
FCF Growth %	0.45%	-0.37%	0.91%	-0.05%	0.51%	-2.17%	3%	-0.26%	-0.45%	0.15%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.33%	4.28%	3.88%	8.93%	9.79%	9.43%	9.05%	8.45%	12.38%	11.22%
Return on Assets (ROA)	0.34%	0.42%	0.38%	0.9%	1.02%	0.92%	0.83%	0.76%	1.18%	1.23%
Net Interest Margin	2.73%	2.74%	2.86%	3.13%	3.35%	2.67%	2.41%	2.77%	3.69%	3.67%
Efficiency Ratio	86.19%	83.16%	77.93%	72.78%	67.35%	68.14%	75.21%	72.35%	61.07%	59.84%
Equity / Assets	9.81%	9.67%	9.81%	10.23%	10.59%	9.03%	9.26%	8.76%	10.41%	11.45%
Book Value / Share	15.84	16.13	16.72	17.72	19.43	20.38	23.38	23.32	26.32	29.19
NII Growth	2.29%	2.11%	6.43%	11.47%	11.72%	-1.95%	1.51%	21.54%	27.17%	-0.03%
Dividend Payout	24.58%	24.6%	37.48%	20.81%	26.12%	30.3%	31.32%	33.49%	24.69%	28.17%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Deposit fees	20.09M	19.47M	17.8M	18.88M	22.12M	21.32M	21.35M
Deposit fees Growth	-	-3.09%	-8.59%	6.08%	17.15%	-3.60%	0.10%
Wealth management fees	-	-	-	-	18.06M	16.34M	19.11M
Wealth management fees Growth	-	-	-	-	-	-9.54%	16.99%
Bank card fees	11.38M	11.99M	13.04M	15.27M	15.4M	14.92M	14.71M
Bank card fees Growth	-	5.41%	8.75%	17.10%	0.83%	-3.14%	-1.41%
Mortgage Banking Revenues	-	-	63.34M	52.42M	30.62M	10.4M	14.34M
Mortgage Banking Revenues Growth	-	-	-	-17.24%	-41.59%	-66.04%	37.91%
Wealth managment fees	8.71M	10.48M	11.04M	13.69M	-	-	-
Wealth managment fees Growth	-	20.31%	5.30%	24.09%	-	-	-
Mortgage fees	4.74M	5.32M	-	-	-	-	-
Mortgage fees Growth	-	12.38%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Capital City Bank Group, Inc. (CCBG) has a price-to-earnings (P/E) ratio of 14.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Capital City Bank Group, Inc. (CCBG) grew revenue by 6.7% over the past year. This is steady growth.

Yes, Capital City Bank Group, Inc. (CCBG) is profitable, generating $58.1M in net income for fiscal year 2024 (20.2% net margin).

Dividend & Returns

Yes, Capital City Bank Group, Inc. (CCBG) pays a dividend with a yield of 1.97%. This makes it attractive for income-focused investors.

Capital City Bank Group, Inc. (CCBG) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.

Industry Metrics

Capital City Bank Group, Inc. (CCBG) has a net interest margin (NIM) of 3.7%. This indicates healthy earnings from lending activities.

Capital City Bank Group, Inc. (CCBG) has an efficiency ratio of 59.8%. This is reasonable for a bank.

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