Capital City Bank Gr Up 0.03% To $32.01 After Earnings Miss

Capital City Bank Group, Inc. (CCBG) reported less than expected earnings this morning for Q2 2022.

Capital City Bank Gr's earnings came in at an EPS of $0.51 per share, 4% lower than estimates for an EPS of $0.53 per share. The firm's earnings are up 16% since reporting $0.44 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $53.2 million. That is an increase of 1.49% in revenues from the year-ago report and is 2.87% higher than consensus estimates set at $51.8 million.

The stock is up 0.03% to $32.01 after the report.

Capital City Bank Gr's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Capital City Bank Gr a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 66. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Capital City Bank Group Inc is a United States-based group engaged in Banking services, Trust and asset management services, and Brokerage services. It offers retail and commercial banking business in the form of traditional deposit and credit services, asset management, trust, mortgage banking, merchant services, bank cards, data processing, and securities brokerage services among others through its banking offices in Florida, Georgia, and Alabama.