TALLAHASSEE, Fla. (AP) — Capital City Bank Group (CCBG) on Tuesday reported fourth-quarter profit of $7.7 million.
The Tallahassee, Florida-based bank said it had earnings of 46 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The bank holding company posted revenue of $56.7 million in the period. Its revenue net of interest expense was $55.5 million, which topped Street forecasts.
For the year, the company reported profit of $31.6 million, or $1.88 per share. Revenue was reported as $212.5 million.
Capital City Bank shares have dropped 1.5% since the beginning of the year. The stock has declined 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCBG at https://www.zacks.com/ap/CCBG
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