5
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest
publicly traded financial holding companies headquartered
in Florida and has approximately $4.4 billion in assets.
We provide
a full range of banking services, including traditional deposit
and credit services, mortgage banking, asset management, trust, merchant
services, bankcards,
securities brokerage services and
financial advisory services, including the sale of life insurance, risk management
and asset protection services.
Our bank
subsidiary, Capital City Bank,
was founded in 1895 and now has 62 banking offices and 99 ATM
s/ITMs in Florida, Georgia and
Alabama.
For more information about Capital City Bank Group, Inc., visit www.ccbg.com
.
FORWARD
-LOOKING STATEMENTS
Forward-looking statements in this Press Release 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,” “estimate,” “expect,” “intend,” “plan,” “target,” “vision,”
“goal,” and similar expressions are intended to identify
forward-looking statements. The following factors, among others, could cause our actual
results to differ: our ability to successfully
manage credit risk, interest rate risk, liquidity risk, and other risks inherent
to our industry; legislative or regulatory changes; adverse
developments in the financial services industry generally,
such as the recent bank failures and any related impacts on depositor
behavior; the effects of changes in the level of checking or
savings account deposits and the competition for deposits on our funding
costs, net interest margin and ability to replace maturing deposits and
advances, as necessary; the effects of actions taken
by
governmental agencies to stabilize the financial system and the effectiveness
of such actions; changes in monetary and fiscal policies
of the U.S. Government; inflation, interest rate, market and monetary fluctuations;
the effects of security breaches and computer
viruses that may affect our computer systems or fraud related
to debit card products; the accuracy of our financial statement
estimates and assumptions, including the estimates used for our
allowance for credit losses, deferred tax asset valuation and pension
plan; changes in our liquidity position; changes in accounting principles, policies,
practices or guidelines; the frequency and
magnitude of foreclosure of our loans; the effects of our
lack of a diversified loan portfolio, including the risks of loan segments,
geographic and industry concentrations; the strength of the United
States economy in general and the strength of the local economies
in which we conduct operations; our ability to declare and pay dividends,
the payment of which is subject to our capital
requirements; changes in the securities and real estate markets; structural changes
in the markets for origination, sale and servicing
of residential mortgages; uncertainty in the pricing of residential mortgage
loans that we sell, as well as competition for the mortgage
servicing rights related to these loans and related interest rate risk or price risk resulting
from retaining mortgage servicing rights and
the potential effects of higher interest rates on our loan origination
volumes; the effect of corporate restructuring, acquisitions
or
dispositions, including the actual restructuring and other related charges
and the failure to achieve the expected gains, revenue
growth or expense savings from such corporate restructuring, acquisitions
or dispositions; the effects of natural disasters, harsh
weather conditions (including hurricanes), widespread health emergencies
(including pandemics, such as the COVID-19 pandemic),
military conflict, terrorism, civil unrest or other geopolitical events; our
ability to comply with the extensive laws and regulations to
which we are subject, including the laws for each jurisdiction where we operate;
the willingness of clients to accept third-party
products and services rather than our products and services and vice versa; increased
competition and its effect on pricing;
technological changes; the outcomes of litigation or regulatory proceedings;
negative publicity and the impact on our reputation;
changes in consumer spending and saving habits; growth and profitability
of our noninterest income; the limited trading activity of
our common stock; the concentration of ownership of our common
stock; anti-takeover provisions under federal and state law as
well as our Articles of Incorporation and our Bylaws; other risks described from
time to time in our filings with the Securities and
Exchange Commission; and our ability to manage the risks involved in
the foregoing.
Additional factors can be found in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2022, and our
other filings with the SEC, which are available at the
SEC’s internet site (http://www.sec.gov).
Forward-looking statements in this Press Release speak only as of the date of the Press
Release, and we assume no obligation to update forward-looking statements
or the reasons why actual results could differ.