Capital City Bank Group · NASDAQ:CCBG
Capital City Bank — Investor Presentation (November 2024)
24 slides from Capital City Bank's investor presentation, Nov 5, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION THI Lh NASDAQ: CCBG Bank Group
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
o Optianta ‘Augusta heen Ss mr 8 og Montgomery Seyanoat) GEORGIA ALABAMA ° BOX o = 65 fackisiima 000 OMS Bie ‘ Panama Cy ° ° RAPP syn 3 Beach Deposit-centric onal franchise strategically ° located in established rural and high-growth FLORIDA markets of Florida and Georgia. en Bahic Group BY THE NUMB
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 i
Slide 5: Delivering Shareholder Value
DELIVERING SHAREHOLDER VALUE History of shareholder value growth. HIGHLIGHTS ~ TBV/Share Growth of 14% (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 20
Slide 6: Delivering Shareholder Value: Returns vs Peers
DELIVERING SHAREHOLDER VALUE Strong returns compared to our peers and stock indices. COMPARISON OF TOTAL RETURNS” 60 50 40 30 20 10 ° 10 -20 -30 -40 “50 DEC21 MAR22 JUN 22 SEP22 DEC22 MAR23 JUN23 SEP23 DEC23 MAR24 JUN24 SEP24 —cces — ABA NASDAG Community Bank index ~~ S&P 500 Index —— SPDR S&P Regio
Slide 7: Why Capital City Bank Group?
WHY CAPITAL CITY BANK GROUP? Well-positioned to continue strong performance. DEPOSIT-DRIVEN CULTURE POSITIONED FOR GROWTH REVENUE DIVERSIFICATION FORTRESS BALANCE SHEET® Granular and Tenured Client Base ~ Avg. Balance ~ $30K, Tenure ~ 13 Years Diversified Deposit Mix of 50/50 Consumer/Business ~ 37%
Slide 8: Deposit Franchise
DEPOSIT FRANCHISE HIGHLIGHTS AVERAGE DEPOSIT Deposit Portfolio Highlights PORTFOLIO COMPOSITION ANNUAL AVERAGE DEPOSIT TREND* = CAGR® of ~ 8.22% DDA, ee 3,763 ~8.29% MMA/SAV/NOW - 37% Noninterest Bearing Balance” 3670 3,596 1,065 DEPOSIT BETA HISTORY IneBearng Tota atecycte Denese Dupes 40.20031040.
Slide 9: Positioned for Growth: Attractive Markets
POSITIONED FOR GROWTH 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 milion)” + Population growth rate twice the national ava. + #1Netincome Migration® + $
Slide 10: Positioned for Growth: Expanded Market Emerald Coast
POSITIONED FOR GROWTH 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
Slide 11: Positioned for Growth: Expanded Market Northern Arc
POSITIONED FOR GROWTH EXPANDED MARKET — NORTHERN ARC Well-positioned to leverage favorable population and business growth. INFLUENCERS Significant Migration & Population Growth Atlanta is the Sth largest metro in the U.S. Gwinnett County population 995,170" | Ranks #2 largest in Georgia Cobb County
Slide 12: Positioned for Growth: Legacy Markets
POSITIONED FOR GROWTH LEGACY MARKETS CCBG's strong foothold in Legacy Markets in Florida and Georgia offers continued growth opportunities. TALLAHASSEE GAINESVILLE _SUNCOAST MSA MSA (MARKET?) § Total Deposits” $1,608,492" ssai9sa $289,388" 53 BE morketstare® 9% aoe 528 3 3) Nbvercsnare man a ® ‘6 2
Slide 13: Strategic Technology Investments
POSITIONED FOR GROWTH STRATEGIC TECHNOLOGY INVESTMENTS Investing in and implementing digital, scalable platforms to enhance client service, propel growth and fortify bank security. Create Exceptional Client and Associate Experiences Expand ITM locations Enhanced self- service tools for digital banki
Slide 14: Loan Portfolio
LOAN PORTFOLIO LOAN DIVERSIFICATION saree HIGHLIGHTS - Top 25 loan relationships 6% of total loans ~ Total loan portfolio avg. loan size $110,000 - In-house lending limit of $10 million ‘Commercial /E IMPROVED PROPERTY ‘CRE COMPOSITION COMPOSITION $707,418 $389,274 177% of Tier 1 Capital 98% of Tier
Slide 15: Generate Loan Growth
GENERATE LOAN GROWTH PERIOD END LOANS HFI ($ In Millions /% Growth) GROWTH BY SEGMENT ease $2,705181 $2733.18 $2721172 5.600.093. $7,603,096 $2,500 $2,000 $1,500 $1,000 $500 zors_| 4023 | 1024 | 2004 | 3028 @conmercaiteans | #271704 | $225,100 | 218298 | 4204900 | o4eas @ Construction R/E $197,526 $
Slide 16: Revenue Diversification
REVI DIVERSIFIED REVENUES UE DIVi ICATION HIGHLIGHTS - Wealth AUM of $2.95 Billion - 5-Year CAGR of ~10.71% - Scalable Mortgage Banking Operation - Strong Deposit-Related Fees - Diversified Loan Portfolio. INTEREST INCOME” FEE INCOME” $144.9 MILLION $57.2 MILLION 19S Direct ‘Consumer 9% Other 32.7%
Slide 17: Fortress Balance Sheet: Capital
FORTRESS B CAPITAL HIGHLIGHTS ~ YoY" Growth of 17.55% in TBV/Share and 14.95% in TCE Ratio - $201MM in Excess Regulatory Capital (Above Well-Capitalized) - Adjusted TCE Ratio of 8.97% if HTM Securities Loss was Recognized in AOC! REGULATORY CAPITAL TANGIBLE COMMON EQUITY $100 705 18991984)
Slide 18: Fortress Balance Sheet: Credit Quality
TRI CREDIT QUALITY NCE SHEE HIGHLIGHTS - Proven strong underwriting and risk management - 5year avg. annual credit losses of 11 basis points - ACL coverage 1.11% of loans NON-PERFORMING LOANS* CLASSIFIED LOANS* ACLACTIVITY*” (% of Loans HF) (%of Total Loans HFl) $8 029% on 34 uy 2020 2021 ‘inmatons
Slide 19: Interest Rate Risk Profile
E INTEREST RATE RISK PROFILE HIGHLIGHTS ~ 74% of Loan Portfolio is Variable or Adjustable - 42% of Loan Portfolio Reprices within One Year - 100% of Investment Portfolio Reprices < 3 years (2.17 Duration) LOAN REPRICING" - HFI LOANS LOAN RATE MIX x wo} £ 3 4 24 Months (stoic Gap - Contractual Cash F
Slide 20: Culture & Accolades
CULTURE & ACCOLADES (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
Slide 21: Supplemental Information
SUPPLEMENTAL INFORMATION
Slide 22: Third Quarter 2024 Highlights
THIRD QUARTER 2024 HIGHLIGHTS - 3Q24 VS 2Q24 Income Statement += Taxcequivalent net interest income totaled $40.3, million compared to $39.3 million for the prior quarter = Net interest margin increased 10 basis points to 4.12% (earning assetyield up 7 basis points and total deposit cost down 3 basi
Slide 23: Non-GAAP Financial Measures
NON-GAAP FINANC JAL MEASURES |OUSANDS) 2020 2021 2022 2023 3024 Shareowners’ Equity (GAAP) 320,837 383,166 387,281 440,625 476,499 Less: Goodwill (GAAP) 89,095, 93,253, 93,098 92,933, 92,813 Tangible Shareowners’ Equity (non-GAAP) 231,742 289,913 294,188 347,692 383,686 Total Assets (GAAP) 3,798,071
Slide 24: Capital City Bank Group
Capital Ci x) Bank oan Corporate Headquarters 217 North Monroe Street Tallahassee, FL 32301 www.ccbg.com
Capital City Bank Group — Investor Presentation (November 2024) on 6ix