Capital City Bank Group, Inc. Reports Third Quarter 2025 Results

Core Viewpoint - Capital City Bank Group, Inc. reported strong financial results for the third quarter of 2025, with net income of $16.0 million, reflecting growth in net interest income and noninterest income, alongside an increase in tangible book value per share [1][2]. Income Statement - Net income attributable to common shareowners for Q3 2025 was $16.0 million, or $0.93 per diluted share, compared to $15.0 million, or $0.88 per diluted share in Q2 2025, and $13.1 million, or $0.77 per diluted share in Q3 2024 [1][32]. - Noninterest income for Q3 2025 totaled $22.3 million, an increase of $2.3 million, or 11.6%, from Q2 2025, driven by higher other income, mortgage banking revenues, and deposit fees [7][8]. Balance Sheet - Average earning assets for Q3 2025 were $3.982 billion, a decrease of $50.5 million, or 1.3%, from Q2 2025, but an increase of $59.6 million, or 1.5%, from Q4 2024 [15]. - Total deposits at September 30, 2025, were $3.615 billion, a decrease of $89.9 million, or 2.4%, from June 30, 2025, primarily due to a decline in public fund deposits [21]. Net Interest Income/Net Interest Margin - Tax-equivalent net interest income for Q3 2025 was $43.6 million, up from $43.2 million in Q2 2025 and $40.3 million in Q3 2024 [3][11]. - The net interest margin for Q3 2025 was 4.34%, an increase of four basis points from Q2 2025 and 22 basis points from Q3 2024 [5][11]. Provision for Credit Losses - The provision for credit losses was $1.9 million for Q3 2025, compared to $0.6 million in Q2 2025 and $1.2 million in Q3 2024 [6][11]. Credit Quality - Nonperforming assets totaled $10.0 million at September 30, 2025, compared to $6.6 million at June 30, 2025, and $6.7 million at December 31, 2024 [19]. - The allowance for credit losses for loans held for investment was $30.2 million at September 30, 2025, representing 1.17% of loans held for investment [18][33]. Capital Adequacy - Shareowners' equity was $540.6 million at September 30, 2025, an increase from $526.4 million at June 30, 2025, and $495.3 million at December 31, 2024 [25][26]. - The total risk-based capital ratio was 20.59% at September 30, 2025, compared to 19.60% at June 30, 2025 [26][33].