Capital City Bank Shares Rise After 1Q Earnings Beat

Dow Jones
2025/04/21
 

By Chris Wack

 

Capital City Bank Group shares were 5% higher at $36.02, after the company reported first-quarter earnings that beat analysts' expectations.

The regional bank, headquartered in Florida, reported quarterly earnings of $16.9 million, or 99 cents a share, compared with $12.6 million, or 74 cents a share, in the same quarter last year.

Analysts polled by FactSet were looking for earnings of $12.6 million, or 74 cents a share.

The company said its first-quarter earnings included a 17-cent-a-share gain from the sale of its operations center building.

Tax-equivalent net interest income for the quarter totaled $41.6 million, compared with $38.4 million for the first quarter of 2024. The increase was driven by higher investment securities interest due to new investment purchases at higher yields, in addition to lower deposit interest expense, partially offset by lower loan interest due to lower average loan balances and interest rates.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

April 21, 2025 10:13 ET (14:13 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10