Capital City Bank Group, Inc. reported net income attributable to common shareowners of $13.1 million, or $0.78 per diluted share, for the third quarter of 2024. This compares to $14.2 million, or $0.83 per diluted share, for the second quarter of 2024, and $12.7 million, or $0.74 per diluted share, for the third quarter of 2023.
Tax-equivalent net interest income for the third quarter of 2024 totaled $40.3 million, an increase from $39.3 million in the third quarter of 2023. The company's net interest margin for the quarter was 4.17%, an increase of 10 basis points over the third quarter of 2023.
Noninterest income for the quarter was $19.5 million, while noninterest expense totaled $42.9 million. Nonperforming assets stood at $7.2 million, and classified loans were $25.5 million at September 30, 2024.
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