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Capital City Bank's 1Q Profit Tumbles 91 Percent

Stock quotes in this article: CCBG , CTBK  

TALLAHASSEE, Fla. (AP) — Capital City Bank Group Inc. said Monday its first-quarter profit plummeted 91 percent due to a sharp rise in loan-loss provisions and a decline in interest income.

Net income for the quarter ended March 31 fell to $650,000, or 4 cents per share, from $7.3 million, or 42 cents per share, during the same quarter last year.

Analysts polled by Thomson Reuters, on average, forecast a loss of 3 cents per share for the quarter. ...

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