Capital City Bank's 1Q Profit Tumbles 91 Percent
Net interest income, the difference between how much it costs a bank to borrow money and how much it receives from lending, fell to $31.1 million during the quarter, from $38.7 million during the year-ago period.
Non-interest income, money derived from fees and other charges, also fell. It declined 21 percent to $14 million during the first quarter from $17.8 million during the same quarter last year.
Shares of Capital City Bank tumbled $1.85, or 12.3 percent, to $13.12 in afternoon trading as the financial sector and broader market both declined as well.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV