Our sustained momentum in the fourth quarter solidified our 2024 financial performance. Community Capital Bancshares’s earnings report is a testament to the strength of our core business model and our focus on enduring relationship banking. Our record results in 2024 reflect growth in net income and earnings per share, continued strength in capital, and a concentrated emphasis on excellence in execution. We’re pleased to present an overview of our financial performance for the fourth quarter and for the year. Financial Highlights: 

•Fully Diluted Book Value Per Share stood at $22.19 at quarter-end, an increase of 14.6% from 4Q23

•In 2024, Net Income increased 9.4%

•For the quarter, Net Income increased 34.6% compared to 4Q23

•Our Efficiency Ratio improved to 51.92% for 2024 compared to 53.13% for 2023

•in 4Q24, Net Revenue grew 11.8% compared to 4Q23. For the year, Net Revenue grew 4.7% in 2024compared to 2023 

•Non-Interest Expense increased 7.1% in 4Q24 compared to 4Q23. For the year, Non-Interest Expenseincreased 2.3% 

•Average Loans decreased 2.1% in 2024 from 2023

•Average Deposits increased 2.4% in 2024 from 2023

•Average Non-Interest-Bearing Demand Deposits were down 2.5% during that same period

•Asset Quality remained strong with a 1.47% Allowance for Losses on Loans and Leases as a Percent ofTotal Loans, and Non-Performing Assets as a % of Total Assets is 0.00% 

•Tier 1 Leverage Ratio was 11.20%

•Diluted Earnings Per Share increased to $3.46 in 2024 up from $3.18 in 2023

•Return on Average Assets for 2024 was 1.71%, up from 1.60% for 2023

•Return on Average Common Equity for 2024 was 16.86%, down from 17.55% for 2023

As we embark on 2025, growth is our imperative - expanding our reach, deepening our relationships, and driving core loan growth with the sound principles that are our hallmark. With the strength of our balance sheet, solid capital position, efficient operations, and deep, abiding relationships, we’re oriented in 2025 toward prudent growth. 

Envisioning 2025, we intend to capitalize on market opportunities consistent with our principles to deliver on our promise of serving as the gold standard of community banking.