Capital City Bank Group(CCBG) - 2025 Q4 - Annual Results

Financial Performance - Net income attributable to common shareholders for Q4 2025 was $13.7 million, or $0.80 per diluted share, down from $16.0 million, or $0.93 per diluted share in Q3 2025[2]. - For the full year 2025, net income attributable to common shareholders totaled $61.6 million, or $3.60 per diluted share, compared to $52.9 million, or $3.12 per diluted share in 2024, representing a 16.5% increase[3]. - Net income attributable to common shareholders for Q4 2025 was $13,705,000, a decrease of 14.1% from Q3 2025 ($15,950,000) but an increase of 4.7% from Q4 2024 ($13,090,000)[38]. - Basic net income per share for 2025 was $3.61, an increase from $3.12 in 2024[42]. Income and Revenue - Tax-equivalent net interest income for Q4 2025 was $43.4 million, slightly down from $43.6 million in Q3 2025, while for the full year 2025, it totaled $171.8 million, an increase of 7.9% from $159.2 million in 2024[4][7]. - Total interest income for 2025 reached $204.387 million, an increase of 4.2% compared to $194.657 million in 2024[42]. - Noninterest income for Q4 2025 was $20.1 million, a decrease of $2.2 million, or 10.0%, from Q3 2025, while for the full year, it totaled $82.4 million, an increase of 8.4% from $76.0 million in 2024[11][12]. - Noninterest income totaled $82.355 million for 2025, a 8.4% increase from $75.976 million in 2024[42]. Asset and Liability Management - Total assets increased to $4,385,765,000 in Q4 2025 from $4,323,774,000 in Q3 2025, reflecting a growth of 1.4%[40]. - Total liabilities stood at $3,810,936 thousand, with total interest-bearing liabilities at $2,429,150 thousand and an interest expense of $8,355 thousand[44]. - Average total deposits were $3.648 billion for Q4 2025, up $35.2 million or 1.0% from Q3 2025, and up $47.1 million or 1.3% from Q4 2024[22]. - Total deposits at December 31, 2025, were $3.662 billion, an increase of $47.4 million or 1.3% from September 30, 2025, but a decrease of $9.7 million or 0.3% from December 31, 2024[23]. Credit Quality - The allowance for credit losses for loans HFI was $31.0 million at December 31, 2025, compared to $30.2 million at September 30, 2025, and $29.3 million at December 31, 2024[20]. - Nonperforming assets totaled $10.6 million at December 31, 2025, representing 0.24% of total assets, an increase from 0.15% a year earlier[21]. - The provision for credit losses for the fourth quarter of 2025 was $1.984 million, up from $1.550 million in the third quarter[43]. - The allowance for credit losses (ACL) for held for investment loans increased to $31.001 million, or 1.22% of loans HFI, compared to 1.10% in the previous year[43]. Capital and Equity - Shareowners' equity increased to $552.9 million at December 31, 2025, from $540.6 million at September 30, 2025, and $495.3 million at December 31, 2024[28]. - The total risk-based capital ratio was 21.45% at December 31, 2025, up from 20.59% at September 30, 2025, and 18.64% at December 31, 2024[29]. - The tangible common equity ratio was 10.79% at December 31, 2025, compared to 10.66% at September 30, 2025, and 9.51% at December 31, 2024[29]. - The company reported a total equity of $556,100 thousand, an increase from $542,216 thousand in Q3 2025[44]. Efficiency and Performance Ratios - The efficiency ratio improved to 67.50% in Q4 2025 from 69.74% in Q4 2024, indicating better cost management[38]. - Return on average assets (annualized) for Q4 2025 was 1.25%, down from 1.47% in Q3 2025 and up from 1.22% in Q4 2024[38]. - Tier 1 capital ratio increased to 20.20% in Q4 2025 from 19.33% in Q3 2025, demonstrating enhanced capital strength[38]. Market Activity - Average daily trading volume increased to 54,533 shares in Q4 2025 from 42,187 shares in Q3 2025, showing increased market activity[38]. - Book value per diluted share rose to $32.23 in Q4 2025 from $31.59 in Q3 2025, reflecting an increase in shareholder equity[40].