Capital City Bank Group Reports Net Income of $14.9 Million for Q1 2023
Q1 2023 Revenue Reaches $43.9 Million for Capital City Bank Group
By USInMinutes
Published - Jul 25, 2023, 04:42 PM ET
Last Updated - Jul 25, 2023, 04:42 PM EDT
Capital City Bank Group, Inc.(CCBC) has released its consolidated fina ncial statements for the first quarter of 2023, revealing a notable performance in both net income and revenue. The financial report, which remains unaudited, showcases the company's solid position in the market despite prevailing economic challenges. Let's dive into the key financial data and highlights from the report.
CAPITAL CITY BANK GROUP, INC. CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)
As of March 31, 2023, Capital City Bank Group's total assets amounted to $4.41 billion, slightly lower compared to $4.53 billion as of December 31, 2022. The decline can primarily be attributed to decreases in cash and cash equivalents, investment securities, and loans held for investment.
