Capital City Bank Group Posts 99c 3Q EPS, Up From 95c in Q2
CCBG sits 28% above its 52-week low of $38.27.
Summary
Capital City Bank Group reported third-quarter EPS of 99 cents, up from 95 cents in the second quarter, with net income of $16.9 million. That extends a modest sequential earnings trend for the small-cap bank, whose Q2 net income was $16.3 million on a 4.35% net interest margin. The quarter included interest income of $45.1 million, noninterest income of $19.4 million and a $100,000 provision benefit for credit losses. The key question remains whether the classified-loan jump flagged in the Q2 10-Q ($15.3 million increase) continued to build; watch the full 10-Q for nonperforming loan figures.
At the time of this announcement, CCBG was trading at $48.80 on NASDAQ in the Finance sector, with a market capitalization of approximately $832.2M. The 52-week trading range was $38.27 to $53.60. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.