Capital City Bank reports Q2 EPS 83c, consensus 72c

At June 30, 2024, the company’s total risk-based capital ratio was 17.50% compared to 16.84% at March 31, 2024 and 16.57% at December 31, 2023. Our common equity tier 1 capital ratio was 14.44%, 13.82%, and 13.52%, respectively, on these dates. The company’s leverage ratio was 10.51%, 10.45%, and 10.30%, respectively, on these dates. Commenting on the company’s results, William Smith, Jr., Capital City Bank Group Chairman, President, and CEO, said, “I am pleased with the quarter and how the year is progressing. Our disciplined approach resulted in tangible book value growth of 3.4% for the quarter, driven by margin expansion and stable credit quality. We are poised for a successful year and remain focused on initiatives that drive sustained core profitability.”