Shares of Capital City Bank Group (NASDAQ: CCBG) surged 7.43% in pre-market trading on Monday following the release of its impressive first-quarter 2025 financial results. The Tallahassee, Florida-based bank holding company significantly outperformed analyst expectations, demonstrating robust growth across key financial metrics.
Capital City Bank reported quarterly earnings of $0.99 per share, handily beating the analyst consensus estimate of $0.74 by 33.78%. This represents a substantial increase from the $0.74 per share earned in the same period last year. The company's quarterly revenue also impressed, coming in at $61.45 million and surpassing the analyst consensus estimate of $59.75 million by 2.85%. This marks an 8.86% increase over the $56.45 million in sales reported for the same quarter last year.
William G. Smith, Jr., Capital City Bank Group Chairman, President, and CEO, expressed satisfaction with the company's performance, stating, "I am pleased with our first quarter performance, which reflects strong core fundamentals and strategic execution driven by a 2.6% increase in revenues, solid growth in deposit balances, and improvement in credit quality metrics." The company's net income for the quarter stood at $16.9 million, up from $12.6 million in the first quarter of 2024. Additionally, the bank reported a net interest margin of 4.22%, an increase from 4.01% in the year-ago quarter, indicating improved profitability on its lending activities.
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