πŸ”’ CCBG: Q1 2025 + FSU Health | CityClips #396

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Happy Stats! Our ever-so-creative editor, Julia, had an on-set ADHD moment and swapped today’s Thurs. issue with last week’s Thurs. issue. But, did you even notice? We think didn’t think so. πŸ˜… That’s why we love evergreen content. Here's the real 396th edition. Check out earnings reported by Capital City Bank Group for the first quarter. Meanwhile, despite recent drama among city officials, TMH and FSU, construction of FSU Health Hospital at Panama City Beach will soon begin. Let’s explore these latest developments and send positive vibes your way. πŸ“ˆβš•οΈ

Quick Summary

In our (actual) 396th edition, here’s the scoop:

  • Growth: CCBG Q1 2025 Earnings

  • Healthcare: FSU Health

  • TLH Weekend Events

GROWTH

CCBG Q1

Image Source: CCBG

✨ Capital City Bank Group, Inc. Reports Q1 2025 Earnings Snapshots. | CCBG

  • Capital City Bank Group, Inc. (CCBG) reported net income attributable to common shareowners of $16.9M, or $0.99 per diluted share, for the Q1 of 2025 compared to $13.1M, or $0.77 per diluted share, for the Q4 of 2024, and $12.6M, or $0.74 per diluted share, for the Q1 of 2024.

  • Chairman, President, and CEO William G. Smith, Jr. expressed satisfaction with the quarter's performance, highlighting strong core fundamentals, revenue growth, and improved credit quality metrics.

  • Fun Fact: Forbes has recognized Capital City Bank for the first time on its esteemed 2025 World's Best Banks list. 🀩 | IG Post


Q1 2025 Highlights:


πŸ’° Financial Performance

  • Revenue: Tax-equivalent net interest income increased to $41.6M, compared to $41.2M in Q4 2024 and $38.4M in Q1 2024.

  • Noninterest Income: Rose by $1.1M (6.1%), driven by a $0.7M increase in mortgage banking revenues and a $0.5M rise in wealth management fees.​


🏦 Operational Highlights

  • Net Interest Margin: Improved to 4.22%, reflecting a 1 basis point increase in earning asset yield and a 4 basis point decrease in total deposit cost to 0.82%.

  • Credit Quality: Net loan charge-offs were 0.09% of average loans (annualized), with an allowance coverage ratio of 1.12%.

  • Noninterest Expense: Decreased by $3.1M (7.4%), primarily due to gains from the sale of banking facilities, including the operations center building.​


πŸ“ˆ Balance Sheet & Capital

  • Loans: Average loan balances decreased by $11.5M (0.4%), while end-of-period balances increased by $9.2M (0.4%).

  • Deposits: Average deposits grew by $65.1M (1.8%), with end-of-period deposits increasing by $111.9M (3.0%), largely due to seasonal public fund balances.

  • Tangible Book Value: Per diluted share increased by $0.94 (4.0%).​

HEALTHCARE

FSU + TMH AT PCB

Image Source: FSU News

πŸ—οΈπŸ₯ FSU Health Hospital Coming to Panama City Beach. | FSU News

  • Florida State University (FSU) has announced plans to construct a state-of-the-art medical facility in Panama City Beach, aimed at enhancing healthcare access and innovation in Northwest Florida. Pending approval by the State of Florida, the project is set to serve residents of Bay and Walton counties.​

  • FSU will partner with Tallahassee Memorial HealthCare (TMH) to lease and operate the new hospital, ensuring long-term quality and alignment with community needs.

  • The hospital will be located on 16.5 acres of land donated by The St. Joe Company, at 1002 North Arnold Rd. at the intersection of Hwy. 79 and Philip Griffitts Senior Pkwy.​ The first phase will include up to 180 beds and provide a range of services, including emergency care, general surgery, diagnostic imaging, and specialized treatments like cardiac care, neurology, and orthopedics.

  • An Academic Clinical Collaboration Agreement will support clinical research and medical education, enhancing FSU's graduate medical programs and fostering the development of healthcare professionals in the region.

  • The hospital aims to address the growing healthcare needs of the community, support local physicians, and prioritize exceptional patient care. Construction is set to begin soon, with an expected opening in 2028, reinforcing FSU’s commitment to advancing healthcare in North Florida.

TLH EVENTS

HOG ROAST

Image Source: Tallahassee Harley-Davidson via Facebook

Entertainment / Things To Do

Thursday, May 15

  • Spring Fling 2025: Take Flight in the Garden by Big Bend Hospice | Thursday, May 15 | 6 PM | Tallahassee Nurseries | $150 Tickets


Saturday to Sunday, May 17 to 18

  • Tallahassee Home Show | Saturday to Sunday, May 17 to 18 | 10 AM | Donald L. Tucker Civic Center | Ad Free w/ Online / $10 at the Door Register Learn More

Saturday, May 24

  • Featured Event: 3rd Annual Hog Roast by Tallahassee Harley-Davidson | Saturday, May 24 | 11 AM | 1745 Capital Cir NW | Learn More

Thursday, May 29

  • Wim Tapley & The Cannons by 926 Bar & Grill | Thursday, May 29 | 8 PM | 926 W Tharpe St. | $12 to $15 Tickets Learn More

Saturday, June 7

  • 3rd Annual Dads & Strollers by Capital Area Healthy Start Coalition and Kenyatta Colvin | Saturday, June 7 | 10 AM | Cascades Park | Register Learn More

  • Mayday Parade | Saturday, June 7 | 7 PM | The Moon | $40 Tickets Learn More

Sunday, June 8

  • 20th Annual Tomato Festival by Red Hills Small Farm Alliance | Sunday, June 8 | 1 PM | Cascades Park | Learn More


Sports

[ Tallahassee Soccer Club; Venue: Gene Cox Stadium, 601 Paul Russell Rd.]

  • Battle Lions Vs. AFC Mobile by Tallahassee Soccer Club and Visit Tallahassee | Sunday, June 1 | 7 PM | $10 Tickets Learn More

  • Battle Lions Vs. Valdosta FC by Tallahassee Soccer Club and Visit Tallahassee | Saturday, June 7 | 7 PM | $10 Tickets Learn More

  • 850 Cup Final - Battle Lions Vs. Pensacola FC by Tallahassee Soccer Club and Visit Tallahassee | Wednesday, June 11 | 7 PM | $10 Tickets Learn More

Monday, June 2

  • Pickle Pad x Stretch Zone by The Pickle Pad - Tallahassee | Monday, June 2 | 8 AM | 1925 N. Monroe St. Suite 109 | Free Learn More

Thursday, June 12

  • 14th Annual Golf Tournament 2025 by Florida High Football Touchdown Club | Thursday, June 12 | 8 AM | Southwood Golf Club, 3750 Grove Park Dr. | Register Learn More

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