Capital City Bank Group Third Quarter 2024 Earnings: Beats Expectations

Capital City Bank Group (NASDAQ:CCBG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$58.5m (up 9.1% from 3Q 2023).
• Net income: US$13.1m (up 3.7% from 3Q 2023).
• Profit margin: 22% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.77 (up from US$0.74 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Capital City Bank Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Capital City Bank Group has 1 warning sign we think you should be aware of.

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