Capital City Bank Group, Inc. reported net income attributable to common shareowners of $16.9 million, or $0.99 per diluted share, for the first quarter of 2025. This represents a significant increase from $13.1 million, or $0.77 per diluted share, in the fourth quarter of 2024, and $12.6 million, or $0.74 per diluted share, in the first quarter of 2024.
First quarter earnings included a $0.17 per diluted share gain from the sale of the company's operations center building. Tax-equivalent net interest income for the quarter totaled $41.6 million, and the net interest margin expanded to 4.22%, an increase of five basis points over the prior quarter.
Noninterest income increased by $1.1 million, or 6.1%, over the fourth quarter of 2024, driven by a $0.7 million increase in mortgage banking revenues and a $0.5 million increase in wealth management fees. Noninterest expense decreased by $3.1 million, or 7.4%, primarily due to higher gains from the sale of banking facilities. Nonperforming assets decreased to $4.4 million at March 31, 2025, from $6.7 million at December 31, 2024.
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