Capital City Bank Group, Inc. Reports Second Quarter 2025 Results TALLAHASSEE, Fla. (July 22, 2025) – Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners of $15.0 million, or $0.88 per diluted share, for the second quarter of 2025 compared to $16.9 million, or $0.99 per diluted share, for the first quarter of 2025, and $14.2 million, or $0.83 per diluted share, for the second quarter of 2024. QUARTER HIGHLIGHTS (2 nd Quarter 2025 versus 1 st Quarter 2025 ...

Capital City Bank (CCBG) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.02%. A quarter ago, it was expected that this bank holding company would post earnings of $0.75 per share when it actually produced earnings of $0.99, delivering a surprise of +32%.Over the last four quarters, ...

TALLAHASSEE, Fla., July 11, 2025 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) announced today that it will release second quarter 2025 results on Tuesday, July 22, 2025, before the market opens. Upon release, investors may access a copy of the earnings results at the Company's Investor Relations website, investors.ccbg.com. About Capital City Bank Group, Inc. Capital City Bank Group, Inc. is one of the largest publicly traded financial holding companies headquartered in Florida and has a ...

William G. Smith III Appointed to Capital City Bank Board of Directors William G. Smith III, chief lending officer of Capital City Bank, becomes the fourth generation of Smiths to serve on the Capital City Bank Board of Directors. TALLAHASSEE, Fla., July 10, 2025 (GLOBE NEWSWIRE) -- Capital City Bank is pleased to announce William G. Smith III has joined its board of directors, continuing a family legacy spanning four generations. Smith, who is now in his 18th year of service with Capital City Bank, is ...

Investors might want to bet on Capital City Bank (CCBG) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual inv ...

Company Overview - Capital City Bank (CCBG) is headquartered in Tallahassee and operates in the Finance sector [3] - The stock has experienced a price change of 1.91% since the beginning of the year [3] Dividend Information - CCBG currently pays a dividend of $0.24 per share, resulting in a dividend yield of 2.57%, which is higher than the Banks - Southeast industry's yield of 2.38% and the S&P 500's yield of 1.6% [3] - The annualized dividend of $0.96 represents a 9.1% increase from the previous year [4] - Over the past five years, CCBG has increased its dividend five times, averaging an annual increase of 12% [4] - The current payout ratio is 28%, indicating that the company pays out 28% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $3.14 per share, reflecting a 0.64% increase from the previous year [5] Investment Considerations - CCBG is considered a compelling investment opportunity due to its strong dividend performance and a Zacks Rank of 3 (Hold) [7] - Income investors should be aware that high-yielding stocks may face challenges during periods of rising interest rates [7]

Financial Performance - Net income attributable to common shareholders for Q1 2025 was $16.9 million, or $0.99 per diluted share, compared to $13.1 million, or $0.77 per diluted share in Q4 2024, and $12.6 million, or $0.74 per diluted share in Q1 2024[142]. - Noninterest income for Q1 2025 was $19.9 million, compared to $18.8 million in Q4 2024 and $18.1 million in Q1 2024[141]. - Noninterest income for Q1 2025 totaled $19.9 million, a 6.1% increase from Q4 2024 and a 10.0% increase from Q1 2024, primarily due to increases in mortgage banking revenues and wealth management fees[158]. - Noninterest expense for Q1 2025 was $38.7 million, a decrease of 7.4% from Q4 2024 and 3.7% from Q1 2024[168]. - The operating efficiency ratio improved to 62.93% in Q1 2025 from 69.74% in Q4 2024 and 71.06% in Q1 2024[174]. Income and Revenue - Net interest income for Q1 2025 was $41.5 million, an increase from $39.3 million in Q4 2024 and $38.4 million in Q1 2024[141]. - Tax-equivalent net interest income for Q1 2025 was $41.6 million, up from $41.2 million in Q4 2024 and $38.4 million in Q1 2024, driven by higher investment securities interest and lower deposit interest expense[155]. - Net interest margin for Q1 2025 increased to 4.22%, up five basis points from Q4 2024 and 21 basis points from Q1 2024, reflecting a higher yield in the investment portfolio and lower cost of deposits[156]. - Wealth management fees totaled $5.8 million for Q1 2025, a 10.4% increase from Q4 2024 and a 23.1% increase from Q1 2024[165]. - Mortgage banking revenues reached $3.8 million in Q1 2025, up 22.5% from Q4 2024 and 32.7% from Q1 2024[166]. Assets and Liabilities - Total assets as of Q1 2025 were $4.46 billion, up from $4.32 billion in Q4 2024[140]. - Average total deposits for Q1 2025 were $3.665 billion, an increase of $65.1 million, or 1.8%, from Q4 2024 and $89.0 million, or 2.5%, from Q1 2024[150]. - Total deposits reached $3.784 billion at March 31, 2025, an increase of $111.9 million or 3.0% from December 31, 2024[190]. - Total liabilities increased to $3,821,632 thousand, up from $3,761,763 thousand at December 31, 2024, indicating a rise in the company's obligations[222]. Capital and Equity - Tangible common equity ratio for Q1 2025 was 9.61%, an increase from 9.51% in Q4 2024[140]. - Shareowners' equity increased to $512.6 million at March 31, 2025, from $495.3 million at December 31, 2024, and $448.3 million at March 31, 2024, positively impacted by net income of $16.9 million[213]. - Total risk-based capital ratio at March 31, 2025, was 19.20%, indicating the company was "well-capitalized" under Basel III standards[151]. - Total risk-based capital ratio was 19.20% at March 31, 2025, compared to 18.64% at December 31, 2024, and 16.84% at March 31, 2024, with all ratios exceeding "well-capitalized" thresholds under Basel III standards[214]. Credit Quality - Provision for credit losses in Q1 2025 was $768,000, compared to $701,000 in Q4 2024[141]. - Nonperforming assets as a percentage of total assets were 0.10% in Q1 2025, down from 0.15% in Q4 2024[141]. - Nonperforming assets decreased to $4.4 million at March 31, 2025, down from $6.7 million at December 31, 2024, and $6.8 million at March 31, 2024, representing 0.10% of total assets[149]. - The net loan charge-offs were nine basis points of average loans for Q1 2025, down from 25 basis points in Q4 2024[187]. Investments and Commitments - Average investments totaled $982.3 million, a 7.3% increase from Q4 2024 and a 3.1% increase from Q1 2024[177]. - At March 31, 2025, commitments to extend credit were $656.0 million, with $7.3 million in standby letters of credit, indicating ongoing financing support for clients[217]. - The company has issued two junior subordinated deferrable interest notes totaling $62.9 million, with interest payments adjusting quarterly based on three-month CME Term SOFR plus a margin[210]. Economic and Market Conditions - The economic value of equity was favorable in all rising rate environments, with an EVE ratio exceeding the policy minimum of 5.0% in each shock scenario[202]. - The net interest income at risk showed a positive impact in rising rate environments, with a 17.3% increase projected for a +400 bp shock over the next 12 months[199]. - The company continues to monitor its cost of deposits and deposit mix amid the current rate environment[192].

Financial Performance - Net income attributable to common shareowners for Q1 2025 was $16.9 million, or $0.99 per diluted share, up from $13.1 million, or $0.77 per diluted share in Q4 2024[1] - Net income attributable to common shareholders for the three months ended March 31, 2025, was $16.86 million, compared to $13.09 million for the previous quarter and $12.56 million for the same period last year[31] - The diluted net income per share rose to $0.99, up from $0.77 in the previous quarter and $0.74 a year ago[31] - Basic net income per share increased to $0.99 in Q1 2025, compared to $0.77 in Q4 2024, a rise of 28.57%[35] - The return on average assets (annualized) improved to 1.58% from 1.22% in the previous quarter and 1.21% a year ago[31] Income and Expenses - Tax-equivalent net interest income for Q1 2025 totaled $41.6 million, an increase of $0.4 million from Q4 2024, driven by higher investment securities interest and lower deposit interest expense[3] - Noninterest income increased by $1.1 million, or 6.1%, in Q1 2025, primarily due to a rise in mortgage banking revenues and wealth management fees[7] - Noninterest expense decreased by $3.1 million, or 7.4%, in Q1 2025, mainly due to a reduction in other expenses related to the sale of banking facilities[8] - Total noninterest expense decreased to $38,701 thousand in Q1 2025 from $41,782 thousand in Q4 2024, a reduction of 7.4%[35] Assets and Deposits - Average total deposits for Q1 2025 were $3.665 billion, an increase of $65.1 million, or 1.8%, from Q4 2024[16] - Total deposits at March 31, 2025, were $3.784 billion, an increase of $111.9 million, or 3.0%, from December 31, 2024[17] - Total assets increased to approximately $4.46 billion as of March 31, 2025, from $4.32 billion at December 31, 2024[29] - Total assets increased to $4,461,233 thousand in Q1 2025, up from $4,324,932 thousand in Q4 2024, representing a growth of 3.15%[33] - Total deposits rose to $3,783,890 thousand in Q1 2025, compared to $3,671,977 thousand in Q4 2024, marking an increase of 3.04%[33] Credit Quality - The allowance for credit losses for loans held for investment totaled $29.7 million at March 31, 2025, reflecting higher loan balances and loss rates[14] - Nonperforming assets totaled $4.4 million at March 31, 2025, a decrease from $6.7 million at December 31, 2024[15] - The allowance as a percentage of non-performing loans was 692.10%, significantly higher than 464.14% in the previous quarter and 431.46% a year ago[31] - Nonperforming loans as a percentage of loans held for investment decreased to 0.16% in Q1 2025 from 0.24% in Q4 2024[36] - Net charge-offs for Q1 2025 were $600,000, a significant decrease of 64.10% compared to $1,670,000 in Q4 2024[36] Capital Ratios - Shareowners' equity increased to $512.6 million at March 31, 2025, up from $495.3 million at December 31, 2024, driven by net income and other factors[21] - As of March 31, 2025, the total risk-based capital ratio was 19.20%, up from 18.64% at December 31, 2024, and 16.84% at March 31, 2024[23] - The common equity tier 1 capital ratio increased to 16.08% from 15.54% at December 31, 2024, and 13.82% at March 31, 2024[31] - The tangible common equity ratio (non-GAAP) was 9.61% as of March 31, 2025, compared to 9.51% at December 31, 2024, and 8.53% at March 31, 2024[29] Efficiency Metrics - The efficiency ratio improved to 62.93% from 69.74% in the previous quarter and 71.06% a year ago[31] - Net interest income after provision for credit losses reached $40,779 thousand in Q1 2025, compared to $40,402 thousand in Q4 2024, an increase of 0.93%[35]

Core Viewpoint - Capital City Bank Group, Inc. reported a strong financial performance for the first quarter of 2025, with net income of $16.9 million, reflecting growth in revenues, deposit balances, and credit quality metrics compared to previous quarters [1][2]. Income Statement - Net income attributable to common shareowners for Q1 2025 was $16.9 million, or $0.99 per diluted share, compared to $13.1 million ($0.77 per diluted share) in Q4 2024 and $12.6 million ($0.74 per diluted share) in Q1 2024 [1][28]. - Noninterest income increased by $1.1 million, or 6.1%, to $19.9 million in Q1 2025, driven by higher mortgage banking revenues and wealth management fees [6][10]. - Noninterest expense decreased by $3.1 million, or 7.4%, to $38.7 million in Q1 2025, primarily due to a reduction in other expenses [7][10]. Balance Sheet - Average earning assets totaled $3.994 billion in Q1 2025, an increase of $72 million, or 1.8%, from Q4 2024 [9]. - Total deposits were $3.784 billion at March 31, 2025, reflecting an increase of $111.9 million, or 3.0%, from December 31, 2024 [16][30]. - Loans held for investment (HFI) decreased by $11.5 million, or 0.4%, from Q4 2024, with notable declines in construction and commercial loans [11][12]. Credit Quality - The allowance for credit losses for loans HFI was $29.7 million at March 31, 2025, compared to $29.3 million at December 31, 2024 [13]. - Nonperforming assets totaled $4.4 million at March 31, 2025, down from $6.7 million at December 31, 2024 [14]. - Net loan charge-offs were 0.09% of average loans for Q1 2025, a decrease from 0.25% in Q4 2024 [10][28]. Capital Adequacy - Shareowners' equity increased to $512.6 million at March 31, 2025, compared to $495.3 million at December 31, 2024 [20]. - The total risk-based capital ratio was 19.20% at March 31, 2025, up from 18.64% at December 31, 2024 [21]. - The tangible common equity ratio was 9.61% at March 31, 2025, compared to 9.51% at December 31, 2024 [21][29].

Group 1 - Capital City Bank Group, Inc. will release its first quarter 2025 results on April 21, 2025, before the market opens [1] - Investors can access the earnings results on the Company's Investor Relations website [1] - Capital City Bank Group, Inc. is one of the largest publicly traded financial holding companies in Florida with approximately $4.5 billion in assets [2] Group 2 - The company offers a full range of banking services including traditional deposit and credit services, mortgage banking, asset management, and financial advisory services [2] - Capital City Bank, the bank subsidiary, was founded in 1895 and operates 62 banking offices and 105 ATMs/ITMs across Florida, Georgia, and Alabama [2] - For further inquiries, the Executive Vice President and Chief Financial Officer, Jep Larkin, can be contacted at 850.402.8450 [3]