Capital City Bank Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2017
January 23, 2018 at 05:30 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, 2017. For the quarter, the company reported interest and fees on loans of $19,513,000 against $18,671,000 a year ago. Total interest income was $22,627,000 against $20,832,000 a year ago. Operating profit was $6,663,000 against $4,813,000 a year ago. Net income was $3,000 against $3,296,000 a year ago. Diluted net income was $0.00 against $0.20 a year ago. Core earnings totaled $4,036,000, or $0.24 per diluted share. Core earnings ROA was 0.57% and core earnings ROE was 5.56%. 2017. ROE was 0.00% against 0.48% a year ago. ROA was 0.00 % against 4.70 % a year ago.
For the year, the company reported interest and fees on loans of $75,717,000 against $72,867,000 a year ago. Total interest income was $86,930,000 against $81,154,000 a year ago. Operating profit was $23,066,000 against $17,613,000 a year ago. Net income was $10,863 against $11,746,000 a year ago. Diluted net income was $0.64 against $0.69 a year ago. Core earnings totaled $14,896,000, or $0.88 per diluted share. Tangible book value per diluted share (non-GAAP) A/C as at December 31, 2017 was $11.69 against $11.23 as at December 31, 2016. ROA was 0.39% and ROE was 3.83%. Core earnings ROA was 0.53% and core earnings ROE was 5.26% for the full year 2017, compared to 0.43% and 4.22%, respectively, for the same period in 2016. ROE was 0.39% against 0.43% a year ago. ROA was 3.83% against 4.22% a year ago. Book value per diluted share as at December 31, 2017 was $16.66 against 16.23 as at December 31, 2016.
For the quarter, the company reported net charge-offs of $858,000 against $777,000 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, 2017; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2017