Capital City Bank Group · NASDAQ:CCBG
Capital City Bank — Q1 2024 Earnings Presentation
21 slides from Capital City Bank's earnings presentation, Apr 29, 2024
Slide 1: Investor Presentation First Quarter 2024
INVESTOR PRESENTATION FIRST QUARTER 2024 Corporate Headquarters, Tallahassee, FI DAQ: CCBG 2 Capital Ci q ) Bank craas
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements, including statements about future results. These statements are based on current plans and expectations that are subject to uncertainties and risks that could cause Capital City Bank Group, Inc.’s future results to dif
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 Founded $4.3 Billion | Total Assets $2.7 Billion | Loans Held for Investment $3.7 Billion | Total Deposits 88% in Florida, 7.7% market share
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 SHAREHOLD History of shareholder value growth. HIGHLIGHTS - 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 Avg. Annual Growth of ~28% DILUTED EPS vs P
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 ~ $28K, Tenure ~ 13 Years * Diversified Deposit Mix of 50/50 Consumer/Business — 37% Noninterest Bearing DEPOSIT-DRIVEN ¢ Wide Range of Consumer and Commercial Product Soluti
Slide 7: Deposit Franchise
DEPOSIT FRANCHISE HIGHLIGHTS AVERAGE DEPOSIT Deposit Portfolio Highlights PORTFOLIO COMPOSITION AVERAGE DEPOSIT TREND" - CAGR® of ~ 8.10% DDA, Soe ~ 8.21% MMA/SAV/NOW it me - 96% Core Deposit” to Total Deposit - 38% Noninterest Bearing Balance” 3,670 Deposit Beta History INT BEARING TOTAL RATECYCLE
Slide 8: Positioned for Growth
POSITIONED FOR GROWTI POSITIONED IN ATTRACTIVE MARKETS Significant population, business and wealth migration continue make Florida and Georgia attractive markets. FLORIDA National Ranking: © #3 Population (22.7 million)” * Population growth rate twice the national avg.2) * © #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 MARKET CHAMPIONS Significant Migration & Population Growth * — Northwest Florida-based wsr OE * — Climate appeal, moving from large, metro real estate developer owns
Slide 10: 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 9th largest metro in the U.S. * Gwinnett County population 995,170 | Ranks #2 largest in Georgia * — Cob
Slide 11: Legacy Markets
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” $1,736,881" $549,417 $281,742" hd SE Market Share 18.4% 8.6% 47% woe og Market Share Rank = for Deposit” #! #5 #6 8
Slide 12: Strategic Technology Investments
POSITIONED FOR GROWTH STRATEGIC TECHNOLOGY INVESTMENTS Investing in and implementing digital, scalable platforms to enhance client service, propel growth and fortify bank security. Create Exceptional Client and Associate Experiences e¢ Expand ITM locations * Broaden digital business lending ¢ Enhanc
Slide 13: Generate Loan Growth
GENERATE LOAN GROWTH PERIOD END LOANS HFI GROWTH BY SEGMENT ($ In Millions /% Growth) $3,000 ;~ | $2,657,147 $2,683,512 $2,705,181 $2,733,918 $2,731,172 $2,500 2500 $2,000 2000 $1,500 1300 $1,000 1000 $500 $500 1Q23 2Q23 3Q23 4Q23 1Q24 @ Commercial Loans $236,263 | $227,219 $221,704 $225,190 $218,29
Slide 14: Diversified Revenues
DIVERSIFIED REVENUES HIGHLIGHTS - Wealth AUM of $2.6 Billion - 5-Year CAGR of ~12% - Scalable Mortgage Banking Operation - Strong Deposit Related Fees - Diversified Loan Portfolio INTEREST INCOME” 1% Direct Funds Sold ’° Consumer Indirect Auto 8% Construction. R/E oo 9% Investment Securities 10% 25%
Slide 15: Fortress Balance Sheet
FORTRESS BALANCE SHEET CAPITAL HIGHLIGHTS - YoY Growth of 11% in TBV/Share and 18% in TCE Ratio - $175M in Excess Regulatory Capital (Above Well-Capitalized) - Adjusted TCE Ratio of 7.99% if HTM Securities Loss was Recognized in AOC] REGULATORY CAPITAL 500 [~ 400 | 300 | 200 100 0 1023 Tier 1 Capita
Slide 16: Credit Quality
CREDIT QUALITY HIGHLIGHTS - Proven strong underwriting and risk management - 5 year avg. annual credit losses of 13 basis points - ACL coverage 1.07% of loans NON-PERFORMING LOANS CLASSIFIED LOANS ACL ACTIVITY” (% of Loans HF) (% of Total Loans HF) $30M. $25M (— $25M. $20M $20M $15M. $15M $10M $10M.
Slide 17: 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 18: Supplemental Information
SUPPLEMENTAL INFORMATION U9 Bank Group 20
Slide 19: Performance Highlights
PERFORMANCE HIGHLIGHTS FI RST Q UA RT ER 2024 INCOME STATEMENT 1924 4023 1923 Interest Income 46,820 46,184 43,926 Interest Expense 8,465 7,013 3,526 HIGHLIGHTS - 1Q24 VS 4Q23 Net Interest Income 38,355 39,171 40,400 Earnings and Profitability Provision for Credit Losses 920 2,025 3,099 - $12.6 mill
Slide 20: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES NON-GAAP FINANCIAL MEASURES T! (ALS (THOUSANDS) 2020 2021 2022 2023 1Q24 Shareowners’ Equity (GAAP) $320,837 $383,166 $387,281 $440,625 $448,314 Less: Goodwill (GAAP) $89,095 $93,253 $93,093 $92,933 $92,893 Tangible Shareowners’ Equity (non-GAAP) 231,742 289,913 294,188 3
Slide 21: Capital City Bank Group Contact
2% Capital Ci q ) Bank cron Corporate Headquarters 217 North Monroe Street Tallahassee, FL 32301 www.ccbg.com
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