Capital City Bank Group · NASDAQ:CCBG
Capital City Bank — Q2 2024 Earnings Presentation
23 slides from Capital City Bank's earnings presentation, Jul 25, 2024
Slide 1: Investor Presentation Second Quarter 2024
INVESTOR PRESENTATION SECOND QUARTER 2024 Corporate Headquarters, Tallahassee, Fl 2 Capital Ci DAQ: CCBG ay Bank craas
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Forward-looking statements in this Presentation are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estima
Slide 3: By the Numbers
Deposit-centric franchise strategically located in established rural and high-growth markets of Florida and Georgia. ©) Seni Group BY THE NUMBERS’ 1895 | Year Bank Founded $4.2 Billion | Total Assets $2.7 Billion | Loans Held for Investment $3.6 Billion | Total Deposits 89% in Florida, 8.3% market s
Slide 4: About Us
ABOUT US More than 125 Years Operating as a Stable and Profitable Franchise. ¢ Headquartered in Tallahassee, Florida. ¢ 3rd largest publicly traded financial holding company headquartered in Florida. ¢ Seasoned leadership with experience in successfully navigating multiple business cycles and strong
Slide 5: Delivering Shareholder Value
DELIVERING SHAR History of shareholder value growth. HIGHLIGHTS - TBV/Share Growth of 12% (annualized) in 2024 - Record Year Earnings in 2023 - 5 Year Avg. Annual Growth of ~15% - TBV/Share Growth of 18.4% in 2023 - 5 Year Avg. Annual Growth of ~12% - Dividend/Share Growth of ~15% in 2023 - 5 Year A
Slide 6: Why Capital City Bank Group?
WHY CAPITAL CITY BANK GROUP? Well-positioned to continue strong performance. * Granular and Tenured Client Base — Avg. Balance ~ $30K, Tenure ~ 13 Years * Diversified Deposit Mix of 50/50 Consumer/Business — 37% Noninterest Bearing DEPOSIT-DRIVEN * Wide Range of Consumer and Commercial Product Solut
Slide 7: Deposit Portfolio Highlights
HIGHLIGHTS Deposit Portfolio Highlights - CAGR® of ~ 8.29% DDA, ~ 8.42% MMA/SAV/NOW FRANCHISE - 37% Noninterest Bearing Balance” AVERAGE DEPOSIT PORTFOLIO COMPOSITION Certificates of Deposit 4% W% Money Market Accounts DEPOSIT BETA HISTORY 15% Regul Savings Int Bearing Total units Rate Cycle Deposit
Slide 8: Positioned for Growth: Attractive Markets
POSITIONED FOR GROWTI POSITIONED IN ATTRACTIVE MARKETS Significant population, business and wealth migration continue to make Florida and Georgia attractive markets. FLORIDA National Ranking: © #3 Population (22.7 million)” * Population growth rate twice the national avg.) * #1 Net Income Migration®
Slide 9: Expanded Market - Emerald Coast
EXPANDED MARKET - EMERALD COAST Strategically positioned in high-growth, favorable-demographic Northwest Florida markets. INFLUENCERS Significant Migration & Population Growth . * — Climate appeal, moving from large, metro markets Strong Single-Family Homebuilding Permits * Walton County: 2,139 | Ba
Slide 10: Expanded Market - Northern Arc
EXPANDED MARKET —- NORTHERN ARC Well-positioned to leverage favorable population and business growth. INFLUENCERS MARKET CHAMPIONS Significant Migration & Population Growth . Atlanta is the 9th largest metro in the U.S. Gwinnett County population 995,170 | Ranks #2 largest in Georgia Cobb County pop
Slide 11: Positioned for Growth: Legacy Markets
POSITIONED FOR GROWTI LEGACY MARKETS CCBG's strong foothold in Legacy Markets in Florida and Georgia offers continued growth opportunities. TALLAHASSEE GAINESVILLE SUNCOAST MSA Total Deposits" $1,736,881* cS SE Market Share” 18.4% we Market Share Rank ” for Deposit” 8 Projected Population 2.9% > = G
Slide 12: Strategic Technology Investments
STRATEGIC TECHNOLOGY INVESTMENTS Investing in and implementing digital, scalable platforms to enhance client service, propel growth and fortify bank security. Create Exceptional Deepen Client Improve Operational Client and Associate _ Relationships Efficiency through Continuous Experiences Channel O
Slide 13: Loan Portfolio
orcio $2,690,223 0 LOAN DIVERSIFICATION > Direct Consumer HIGHLIGHTS - Top 25 loan relationships 6% of total loans - Total loan portfolio avg. loan size $106,000 38% Residential R/E - In-house lending limit of $10 million 31% ‘Commercial R/E IMPROVED PROPERTY CONSTRUCTION & CRE COMPOSITION COMPOSITI
Slide 14: Generate Loan Growth
GENERATE LOAN GROWTH PERIOD END LOANS HFI GROWTH BY SEGMENT ($ In Millions /% Growth) $3,000 j- 3,000 [- $2,683,512 $2,705,181 $2,733,918 $2,731,172 $2,690,223 $2,500 +] 2,500 $2,000 | 2,000 $1,500 — S00 $1,000 |— 1,000 $500 (| 0 $500 2023 3023 4923 1024 2024 @commercialloans | $227,219 | $221704 |
Slide 15: Diversified Revenues
DIVERSIFIED REVENUES HIGHLIGHTS - Wealth AUM of $2.8 Billion - 5-Year CAGR of ~9.32% - Scalable Mortgage Banking Operation - Strong Deposit Related Fees - Diversified Loan Portfolio INTEREST INCOME” 1% Direct Consumer Indirect Auto Construction R/E 9% Investment Securities 25% ) 10% Commercial R/E H
Slide 16: Capital
CAPITAL HIGHLIGHTS - YoY” Growth of 15.63% in TBV/Share and 19.87% in TCE Ratio - $190M in Excess Regulatory Capital (Above Well-Capitalized) - Adjusted TCE Ratio of 8.38% if HTM Securities Loss was Recognized in AOCI REGULATORY CAPITAL 2023 3023 Tier 1 Capital Ratio, 14.56 isn RBCRatio 15.68 16.30
Slide 17: Credit Quality
CREDIT QUALITY HIGHLIGHTS - Proven strong underwriting and risk management - 5 year avg. annual credit losses of 11 basis points - ACL coverage 1.09% of loans NON-PERFORMING LOANS* CLASSIFIED LOANS* ACL ACTIVITY* (% of Loans HF) (% of Total Loans HF) $30 $25 $24 $20 $15 $18 $10 $12 $5 1K & oo 2020 2
Slide 18: Interest Rate Risk Profile
INTEREST RATE RISK PROFIL HIGHLIGHTS - 73% of Loan Portfolio is Variable or Adjustable - 43% of Loan Portfolio Reprices within One Year - 100% of Investment Portfolio Reprices < 3 years (2.16 Duration) LOAN REPRICING” - HFl LOANS 17% Overnight 27% 26% 36-60 Months 12 Months egse Adj ustab/., 16% 24
Slide 19: Culture & Accolades
CULTURE & ACCOLAD S Our culture distinguishes us from our competitors and is the driving force behind our continued success. Leadership is committed to a culture that values people alongside results. OUR BRAND PROMISE More than your bank. Your banker. OUR PURPOSE We empower our clients’ financial we
Slide 20: Supplemental Information
SUPPLEMENTAL INFORMATION U9 Bank Group 20
Slide 21: Performance Highlights
PERFORMANCE HIGHLIGHTS SECOND QUARTER 2024 INCOME STATEMENT 2024 1924 2023 Interest Income 48,766 46,820 45,205 Interest Expense 9,497 8,465 5,068 HIGHLIGHTS - 224 VS 1924 Net Interest Income 39,269 38,355 40,137 Income Statement Provision for Credit Losses 1,204 920 2197 - Tax-equivalent net intere
Slide 22: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES NON-GAAP FINANCIAL MEASURES T! (ALS (THOUSANDS) 2020 2021 2022 2023 2Q24 Shareowners’ Equity (GAAP) 320,837 383,166 387,281 440,625 460,999 Less: Goodwill (GAAP) 89,095 93,253 93,093 92,933 92,853 Tangible Shareowners’ Equity (non-GAAP) 231,742 289,913 294,188 347,692 368
Slide 23: Corporate Headquarters Contact
2% Capital Ci q ) Bank cron Corporate Headquarters 217 North Monroe Street Tallahassee, FL 32301 www.ccbg.com
Capital City Bank Group — Q2 2024 Earnings Presentation on 6ix