Capital City Bank: Earnings Outlook Is Rosy, But The Valuation Isn't Attractive Enough

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  Posted by Two Blokes Jun 10 - Filed in Stock - 7 views
  
  Capital City Bank Group's deposit growth beat my expectations in 1Q. Deposits will likely continue to grow on the back of Florida and Georgia's economies. Deposit growth will likely outpace loan growth. Resultantly, the asset mix will shift. The shift in asset mix and last year's rate cuts will pressurize the net interest margin.