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Capital City Bank Q1 Earnings Beat Estimates

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Capital City Bank (NASDAQ: CCBG) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this bank holding company would post earnings of $0.74 per share when it actually produced earnings of $0.70, delivering a surprise of -5.41%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Capital City Bank, which belongs to the Zacks Banks – Southeast industry, posted revenues of $56.45 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $62.64 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Capital City Bank shares have …

Full story available on Benzinga.com

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