Capital City Bank Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 29, 2019 at 07:09 pm IST
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Capital City Bank Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported interest and fees on loans of $22,431,000 against $19,513,000 a year ago. Total interest income was $26,370,000 against $22,627,000 a year ago. Net interest income was $24,348,000 compared to $21,489,000 a year ago. Operating profit was $10,624,000 against $6,663,000 a year ago. Net income was $8,458,000 against $3,000 a year ago. Basic net income per share was $0.50 compared to $0 a year ago.
For the year ended, the company reported interest and fees on loans of $84,117,000 against $75,717,000 a year ago. Total interest income was $99,395,000 against $86,930,000 a year ago. Net interest income was $92,504,000 compared to $82,982,000 a year ago. Operating profit was $29,645,000 against $23,066,000 a year ago. Net income was $26,224,000 against $10,863,000 a year ago. Basic net income per share was $1.54 compared to $0.64 a year ago.
For the quarter, the company reported net charge-offs of $466,000 against $858,000 a year ago.
Capital City Bank Group, Inc. is a financial holding company. The Company provides a full range of banking and banking-related services to individual and corporate clients through its wholly owned subsidiary, Capital City Bank (the Bank). The Company provides two principal services include Banking Services and Wealth Management Services. It provides a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. The Company offers its customers access to retail investment products through LPL Financial under, which retail investment products would be offered through LPL. The Bank has approximately 63 banking offices and 103 automated teller machines ATMs/ interactive teller machines (ITMs) in Florida, Georgia, and Alabama.
Capital City Bank Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018