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

Rhea-AI Summary

Capital City Bank Group (NASDAQ: CCBG) reported net income attributable to common shareowners of $13.7M (Q4 2025) or $0.80 diluted EPS and $61.6M for full-year 2025 ($3.60 diluted EPS) versus $52.9M in 2024. Tax-equivalent net interest income was $43.4M in Q4 and $171.8M for 2025; net interest margin rose to 4.28% for 2025 (+20 bps YoY). Tangible book value per share increased 14.3% for 2025 and the dividend was raised 13.6%. Loans declined ~4.0% year-over-year while average deposits grew ~1.5%. Allowance for credit losses represented 1.22% of loans; provision for credit losses was $5.3M for 2025.

Positive

• Full-year net income of $61.6M
• Tangible book value per share increased 14.3% in 2025
• Net interest margin improved 20 bps to 4.28% YoY
• Average deposits increased 1.5% for 2025

Negative

• Loans HFI declined 4.0% year-over-year (Dec 31, 2025)
• Provision for credit losses rose to $5.3M in 2025
• Q4 noninterest income fell 10.0% vs Q3 2025

News Market Reaction – CCBG

-5.11%

13 alerts

-5.11% News Effect

-6.7% Trough in 24 hr 45 min

-$39M Valuation Impact

$718M Market Cap

0.8x Rel. Volume

On the day this news was published, CCBG declined 5.11%, reflecting a notable negative market reaction. Argus tracked a trough of -6.7% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $39M from the company's valuation, bringing the market cap to $718M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 net income: $13.7 million Q4 2025 EPS: $0.80 per diluted share 2025 net income: $61.6 million +5 more

8 metrics

Q4 2025 net income $13.7 million Net income attributable to common shareowners, Q4 2025

Q4 2025 EPS $0.80 per diluted share Versus $0.93 in Q3 2025 and $0.77 in Q4 2024

2025 net income $61.6 million Full-year 2025 net income vs $52.9 million in 2024

2025 EPS $3.60 per diluted share Full-year 2025 vs $3.12 per diluted share in 2024

Q4 2025 net interest income $43.4 million Tax-equivalent net interest income, Q4 2025

2025 net interest income $171.8 million Tax-equivalent net interest income 2025 vs $159.2 million in 2024

Net interest margin 2025 4.28% Full-year 2025 NIM, up 20 bps over 2024

Allowance coverage ratio 1.22% Allowance for credit losses as % of loans HFI at Dec 31, 2025

Market Reality Check

Price: $42.99 Vol: Volume 84,448 is 1.33x th...

normal vol

$42.99 Last Close

Volume Volume 84,448 is 1.33x the 20-day average of 63,369, indicating elevated trading interest ahead of the release. normal

Technical Shares at $44.64 trade 4.68% below the 52-week high of $46.83 and remain above the 200-day MA at $40.54.

Peers on Argus

CCBG gained 0.74% while peers were mixed: EQBK and NBBK up modestly, GSBC, CCNE,...

CCBG gained 0.74% while peers were mixed: EQBK and NBBK up modestly, GSBC, CCNE, and HBT down, suggesting a stock-specific reaction rather than a sector-wide move.

Previous Earnings Reports

5 past events · Latest: Oct 21 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Oct 21	Q3 2025 earnings	Positive	-2.0%	Q3 2025 EPS growth, higher margin and noninterest income, stable credit quality.
Jul 22	Q2 2025 earnings	Negative	-3.0%	Q2 2025 EPS down versus Q1 despite higher net interest income and margin.
Apr 21	Q1 2025 earnings	Positive	+3.7%	Q1 2025 strong EPS, margin gains, deposit growth and noninterest income growth.
Jan 28	Q4 2024 earnings	Neutral	-0.8%	Q4 2024 flat EPS versus Q3, modest full-year earnings growth and solid credit.
Oct 22	Q3 2024 earnings	Positive	+1.9%	Q3 2024 higher net interest income, wider margin and tangible book growth.

Pattern Detected

Earnings releases often led to meaningful moves, with mixed direction: some strong positive reactions to solid quarters, but several instances where shares fell despite constructive fundamentals.

Recent Company History

Over the past five earnings cycles, CCBG reported steady profitability growth, with net income generally rising and net interest margin improving. Events on Jan 28, 2025, Apr 21, 2025, Jul 22, 2025, Oct 21, 2025, and Oct 22, 2024 show consistent focus on margin expansion, credit quality, and tangible book value growth. Today’s Q4 2025 and full-year 2025 report continues that theme with higher full-year earnings and tangible book value gains.

Historical Comparison

+2.3% avg move · In the last five earnings releases, CCBG’s stock moved an average of 2.28% within a day, with both u...

earnings

+2.3%

Average Historical Move earnings

In the last five earnings releases, CCBG’s stock moved an average of 2.28% within a day, with both upward and downward reactions to quarterly results.

Earnings events from late 2024 through 2025 show rising net income, expanding net interest margin, resilient credit quality, and steady tangible book value growth, setting the backdrop for the Q4 and full-year 2025 figures.

Market Pulse Summary

The stock moved -5.1% in the session following this news. A negative reaction despite higher full-ye...

Analysis

The stock moved -5.1% in the session following this news. A negative reaction despite higher full-year earnings and margin could fit CCBG’s history of mixed post-earnings moves, which have averaged 2.28% in either direction. The market may focus on declining loan balances and rising nonperforming assets even as credit metrics and tangible book value improve. Past patterns show that constructive fundamentals have not always translated into immediate price strength.

Key Terms

net interest margin, basis points, allowance for credit losses, net loan charge-offs, +4 more

8 terms

net interest margin financial

"Net interest margin decreased by 8 basis points to 4.26%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

basis points financial

"Net interest margin decreased by 8 basis points to 4.26%"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

allowance for credit losses financial

"Activity within the components of the provision (loans held for investment (“HFI”) and unfunded loan commitments)"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

net loan charge-offs financial

"net loan charge-offs were 18 basis points (annualized) of average loans"

The amount banks and lenders remove from their balance sheets when loans are deemed uncollectible, after subtracting any later recoveries from previously written-off loans. It measures the net loss from borrowers who fail to repay their debts during a reporting period. Investors use it to judge a lender’s credit quality and potential future profits; rising net charge-offs are like a store repeatedly finding unpaid tabs it can’t collect, shrinking earnings and capital cushions.

nonperforming assets financial

"Nonperforming assets (nonaccrual loans and other real estate) totaled $10.6 million"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

federal home loan bank financial

"through various sources including various federal funds purchased lines, Federal Home Loan Bank borrowings"

A Federal Home Loan Bank is one of a group of regional cooperative banks that provide low-cost loans and short-term cash to local banks and credit unions so those institutions can lend for mortgages, community projects and other housing needs. Think of it as a shared emergency fund and wholesale lender for lenders; its actions affect how easily banks can extend credit, which influences mortgage availability, bank stability and related bond markets that investors watch.

federal reserve discount window financial

"Federal Home Loan Bank borrowings, the Federal Reserve Discount Window, and brokered deposits"

A Federal Reserve discount window is a short-term lending facility where banks can borrow cash directly from the central bank by offering safe assets as collateral, acting as an emergency backstop when they face temporary shortfalls. Investors watch its use because rising borrowing from the window can signal stress in the banking system and tighter lending conditions, which can affect credit availability, interest rates and overall market confidence—like a safety net that reveals when someone is running low on cash.

dividend reinvestment plan financial

"which include shares previously acquired through the company’s dividend reinvestment and associate stock purchase plans"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

AI-generated analysis. Not financial advice.

TALLAHASSEE, Fla., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners of $13.7 million, or $0.80 per diluted share, for the fourth quarter of 2025 compared to $16.0 million, or $0.93 per diluted share, for the third quarter of 2025, and $13.1 million, or $0.77 per diluted share for the fourth quarter of 2024.

For 2025, net income attributable to common shareowners totaled $61.6 million, or $3.60 per diluted share, compared to net income of $52.9 million, or $3.12 per diluted share, for 2024.

QUARTER HIGHLIGHTS (4^th Quarter 2025 versus 3^rd Quarter 2025)

Income Statement

• Tax-equivalent net interest income totaled $43.4 million compared to $43.6 million for the prior quarter
  • Net interest margin decreased by 8 basis points to 4.26% (decrease in earning asset yield of 4 basis points and increase in cost of funds of 4 basis points)
• Stable credit quality metrics and credit loss provision – net loan charge-offs were 18 basis points (annualized) of average loans – allowance coverage ratio was 1.22% at December 31, 2025
• Noninterest income decreased $2.2 million, or 10.0%, due to lower other income of $0.8 million (third quarter gain from sale of insurance subsidiary), mortgage revenues of $0.6 million, and wealth management fees of $0.6 million
• Noninterest expense was comparable to the third quarter of 2025 and reflected higher performance-based pay that was significantly offset by a pension plan settlement gain of $1.5 million
  
  

Balance Sheet

• Loan balances decreased $38.1 million, or 1.5% (average), and decreased $35.9 million, or 1.4% (end of period)
• Deposit balances increased $35.2 million, or 1.0% (average), and increased $47.4 million, or 1.3% (end of period) due to the normal seasonal inflow of public fund balances
• Tangible book value per diluted share (non-GAAP financial measure) increased by $0.65, or 2.5%
  
  

FULL YEAR 2025 HIGHLIGHTS

Income Statement

• Tax-equivalent net interest income totaled $171.8 million compared to $159.2 million for 2024
  • Net interest margin increased by 20 basis points to 4.28% (increase in earning asset yield of 10 basis points and decrease in cost of funds of 10 basis points)
• Credit quality metrics remained strong throughout the year – allowance coverage ratio increased to 1.22% in 2025 compared to 1.10% in 2024 – net loan charge-offs were 14 basis points of average loans for 2025 compared to 21 basis points for 2024
• Noninterest income increased by $6.4 million, or 8.4%, due to higher mortgage banking revenues of $2.6 million, wealth management fees of $1.6 million, other income of $1.5 million, and deposit fees of $0.7 million
• Noninterest expense increased $1.7 million, or 1.0%, primarily due to higher compensation expense (primarily performance-based pay and health care cost) partially offset by lower pension expense and higher gains from sale of banking facilities
  
  

Balance Sheet

• Loan balances decreased $83.6 million, or 3.1% (average), and decreased $105.4 million, or 4.0% (end of period)
• Average deposit balances increased $53.9 million, or 1.5% driven by strong core deposit growth
• Tangible book value per diluted share (non-GAAP financial measure) increased by $3.38, or 14.3%
  
  

“2025 was an exceptional year for Capital City Bank,” said William G. Smith, Jr., Capital City Bank Group Chairman and CEO. “Another record year of earnings generated strong shareholder returns, highlighted by a 14.3% increase in tangible book value per share and a 13.6% increase in the dividend. Our results were driven by our long-time commitment to the fundamentals – core deposits, disciplined credit management and healthy liquidity and capital. I want to congratulate and thank our associates for their outstanding results and unwavering commitment to our clients and communities. I look forward to another successful year in 2026.”

Discussion of Operating Results

Net Interest Income/Net Interest Margin

Tax-equivalent net interest income for the fourth quarter of 2025 totaled $43.4 million compared to $43.6 million for the third quarter of 2025 and $41.2 million for the fourth quarter of 2024. Compared to the third quarter of 2025, the decrease was due to a $0.7 million decrease in loan income and a $0.5 million increase in interest expense, partially offset by a $0.6 million increase in investment securities income and a $0.4 million increase in overnight funds income. Compared to the fourth quarter of 2024, the increase was due to a $3.1 million increase in investment securities income, a $0.8 million increase in overnight funds income, and a $0.3 million decrease in interest expense, partially offset by a decrease of $1.8 million in loan income.

For 2025, tax-equivalent net interest income totaled $171.8 million compared to $159.2 million for 2024 with the increase attributable to a $10.3 million increase in investment securities income, a $3.1 million increase in overnight funds income, and a $2.6 million decrease in deposit interest expense, partially offset by a $3.5 million decrease in loan income. New investment purchases at higher yields drove the increase in investment securities income. Higher average deposit balances contributed to the increase in overnight funds income. The decrease in deposit interest expense reflected the decrease in our deposit rates throughout 2025. The decrease in loan income was due to lower loan balances that were partially offset by favorable rate repricing.

Our net interest margin for the fourth quarter of 2025 was 4.26%, a decrease of 8 basis points from the third quarter of 2025 and an increase of 9 basis points over the fourth quarter of 2024. Compared to the third quarter of 2025, the decrease in the margin reflected a lower yield on earning assets due to an unfavorable shift in mix and lower interest rates. For 2025, our net interest margin of 4.28% reflected a 20 basis point increase over 2024. The improvement in the net interest margin compared to both prior year periods was primarily due to a higher yield for investment securities driven by new purchases at higher yields, favorable loan repricing, and lower deposit cost. For the fourth quarter of 2025, our cost of funds was 82 basis points, an increase of 4 basis points over the third quarter of 2025 and a 6 basis point decrease from the fourth quarter of 2024. Our cost of deposits (including noninterest bearing accounts) was 82 basis points, 80 basis points, and 86 basis points, respectively, for the same periods.

Provision for Credit Losses 

We recorded a provision expense for credit losses of $2.0 million for the fourth quarter of 2025 compared to $1.9 million for the third quarter of 2025 and $0.7 million for the fourth quarter of 2024. For 2025, we recorded a provision expense for credit losses of $5.3 million compared to $4.0 million in 2024. Activity within the components of the provision (loans held for investment (“HFI”) and unfunded loan commitments) for each reported period is provided in the table on page 14. We discuss the various factors that impacted our provision expense for Loans HFI in further detail below under the heading Allowance for Credit Losses.

Noninterest Income and Noninterest Expense

Noninterest income for the fourth quarter of 2025 totaled $20.1 million compared to $22.3 million for the third quarter of 2025 and $18.8 million for the fourth quarter of 2024. Compared to the third quarter of 2025, the $2.2 million, or 10.0%, decrease was primarily attributable to a $0.8 million decrease in other income, a $0.6 million decrease in mortgage banking revenues and a $0.6 million decrease in wealth management fees. The decline in other income reflected the $0.7 million gain from the sale of our insurance subsidiary in the third quarter of 2025. The decline in mortgage banking revenues was due to a lower gain on sale margin. The decrease in wealth management fees was attributable to lower retail brokerage fees. The $1.3 million, or 7.2%, increase over the fourth quarter of 2024 was primarily due to a $1.0 million increase in mortgage banking revenues which reflected higher production volume and gain on sale margin.

For 2025, noninterest income totaled $82.4 million compared to $76.0 million for 2024, attributable to increases in mortgage banking revenues of $2.6 million, wealth management fees of $1.6 million, other income of $1.5 million, and deposit fees of $0.7 million. Higher production volume and gain on sale margin drove the improvement in mortgage banking revenues. The increase in wealth management fees was due to higher trust fees and reflected a combination of new business, higher account valuations, and fee adjustments. The increase in other income reflected the aforementioned $0.7 million gain from the sale of our insurance subsidiary in 2025. Fee adjustments implemented in mid-2025 contributed to the increase in deposit fees and other income.

Noninterest expense for the fourth quarter of 2025 totaled $42.9 million comparable to the third quarter of 2025 and $41.8 million for the fourth quarter of 2024. Compared to the third quarter of 2025, a $2.3 million increase in compensation expense was offset by a $2.4 million decrease in other expense. The increase in compensation was driven by higher performance-based pay and the decrease in other expense was primarily attributable to a $1.5 million pension settlement gain and to a lesser extent lower professional fees and processing fees. Compared to the fourth quarter of 2024, the $1.1 million increase was primarily attributable to a $2.3 million increase in compensation expense partially offset by a $1.3 million decrease in other expense. The increase in compensation reflected higher performance-based pay and to a lesser extent higher health insurance cost. The decrease in other expense was primarily due to the aforementioned pension settlement gain of $1.5 million and a $0.8 million decrease in professional fees, partially offset by a $1.1 million increase in other real estate expense which reflected gains from the sale of banking facilities in the fourth quarter of 2024.

For 2025, noninterest expense totaled $167.0 million compared to $165.3 million for 2024 with the $1.7 million, or 1.0%, increase primarily due to a $6.5 million increase in compensation expense that was partially offset by a $4.7 million decrease in other expense. The increase in compensation was driven by higher performance-based pay and health insurance cost, and to a lesser extent an increase in 401k matching expense. The decrease in other expense was primarily due to a $3.4 million decrease in other real estate expense due to higher gains from the sale of banking facilities in 2025 and a $3.7 million decrease in pension expense (non-service component), partially offset by increases in processing expense of $1.2 million (outsource of core processing system) and charitable contribution expense of $0.9 million. The variance in pension expense included the aforementioned $1.5 million pension settlement gain that occurred in the fourth quarter of 2025.

Income Taxes

We realized income tax expense of $4.9 million (effective rate of 26.3%) for the fourth quarter of 2025 compared to $5.1 million (effective rate of 24.4%) for the third quarter of 2025 and $4.2 million (effective rate of 24.3%) for the fourth quarter of 2024. For 2025, we realized income tax expense of $20.2 million (effective rate of 24.7%) compared to $13.9 million (effective rate of 21.2%) for 2024. The increase in the effective tax rate for the fourth quarter of 2025 was attributable to a higher than projected Internal Revenue Code (“IRC”) Section 162(m) limitation related to current and future compensation. A lower level of tax benefit accrued from a solar tax credit equity fund drove the increase in our effective tax rate compared to 2024. Absent discrete items or new tax credit investments, we expect our annual effective tax rate to approximate 24% for 2026.

Discussion of Financial Condition

Earning Assets

Average earning assets totaled $4.036 billion for the fourth quarter of 2025, an increase of $54.4 million, or 1.4%, over the third quarter of 2025, and an increase of $114.0 million, or 2.9%, over the fourth quarter of 2024. Compared to the third quarter of 2025, the change in the earning asset mix reflected an $81.4 million increase in overnight funds sold and a $12.2 million increase in investment securities, partially offset by a $38.1 million decrease in loans HFI and a $1.0 million decrease in loans held for sale (“HFS”). Compared to the fourth quarter of 2024, the change in earning asset mix reflected a $139.3 million increase in overnight funds sold and a $90.8 million increase in investment securities, partially offset by a $109.3 million decrease in loans HFI and a $6.8 million decrease in loans HFS.

Average loans HFI decreased by $38.1 million, or 1.5%, from the third quarter of 2025 and decreased by $109.3 million, or 4.1%, from the fourth quarter of 2024. Compared to the third quarter of 2025, the decline was primarily attributable to decreases in commercial real estate loans of $15.9 million, residential real estate loans of $12.9 million, and consumer loans (primarily indirect auto) of $8.8 million. Compared to the fourth quarter of 2024, the decline was driven by decreases in construction loans of $61.2 million, consumer loans (primarily auto indirect loans) of $23.3 million, and commercial real estate loans of $22.7 million.

Loans HFI at December 31, 2025, decreased by $35.9 million, or 1.4%, from September 30, 2025, and decreased by $105.4 million, or 4.0%, from December 31, 2024. Compared to September 30, 2025, the decline was primarily due to decreases in commercial real estate loans of $16.6 million, residential real estate loans of $16.4 million, and construction loans of $9.8 million. Compared to December 31, 2024, the decline was driven by decreases in construction loans of $73.1 million, consumer loans (primarily indirect auto) of $17.2 million, and commercial real estate loans of $10.4 million.

Allowance for Credit Losses

At December 31, 2025, the allowance for credit losses for loans HFI totaled $31.0 million compared to $30.2 million at September 30, 2025 and $29.3 million at December 31, 2024. Activity within the allowance is provided on Page 14. The increase in the allowance over both prior periods was primarily attributable to qualitative factor adjustments that were partially offset by lower loan balances. Net loan charge-offs were 18 basis points of average loans for the fourth quarter of 2025 comparable to the third quarter of 2025 and 25 basis points for the fourth quarter of 2024. For 2025, net loan charge-offs were 14 basis points compared to 21 basis points for 2024. At December 31, 2025, the allowance represented 1.22% of loans HFI compared to 1.17% at September 30, 2025, and 1.10% at December 31, 2024.

Credit Quality

Nonperforming assets (nonaccrual loans and other real estate) totaled $10.6 million at December 31, 2025, compared to $10.0 million at September 30, 2025, and $6.7 million at December 31, 2024. At December 31, 2025, nonperforming assets as a percentage of total assets was 0.24%, compared to 0.23% at September 30, 2025 and 0.15% at December 31, 2024. Nonaccrual loans totaled $8.7 million at December 31, 2025, a $0.5 million increase over September 30, 2025 and a $2.4 million increase over December 31, 2024. Classified loans totaled $14.3 million at December 31, 2025, a $12.2 million decrease from September 30, 2025, and a $5.6 million decrease from December 31, 2024.

Deposits

Average total deposits were $3.648 billion for the fourth quarter of 2025, an increase of $35.2 million, or 1.0%, over the third quarter of 2025 and an increase of $47.1 million, or 1.3%, over the fourth quarter of 2024. Compared to the third quarter of 2025, the increase was primarily attributable to higher public funds balances (primarily NOW accounts) due to the seasonal inflow of funds from municipal clients as they receive their tax receipts beginning in late November. The increase over the fourth quarter of 2024 was primarily due to growth in core deposit balances (primarily business NOW accounts).

At December 31, 2025, total deposits were $3.662 billion, an increase of $47.4 million, or 1.3%, over September 30 2025, and a decrease of $9.7 million, or 0.3%, from December 31, 2024. The decrease compared to September 30, 2025 reflected the aforementioned seasonal inflow of public funds partially offset by lower core deposit balances, primarily noninterest bearing and NOW business accounts. Public funds totaled $654.7 million at December 31, 2025, $497.9 million at September 30, 2025, and $660.9 million at December 31, 2024.

Liquidity

We maintained an average net overnight funds (i.e., deposits with banks plus FED funds sold less FED funds purchased) sold position of $437.5 million in the fourth quarter of 2025 compared to $356.2 million in the third quarter of 2025 and $298.3 million in the fourth quarter of 2024. Compared to the third quarter of 2025, the increase reflected growth in average public fund deposit balances and lower average loan balances. The increase over the fourth quarter of 2024 was primarily due to higher average core deposit balances and lower average loan balances, partially offset by higher average investment security balances.

At December 31, 2025, we had the ability to generate approximately $1.523 billion (excludes overnight funds position of $467.8 million) in additional liquidity through various sources including various federal funds purchased lines, Federal Home Loan Bank borrowings, the Federal Reserve Discount Window, and brokered deposits.

We also view our investment portfolio as a liquidity source, as we have the option to pledge securities in our portfolio as collateral for borrowings or deposits and/or to sell selected securities in our portfolio. Our portfolio consists of debt issued by the U.S. Treasury, U.S. governmental agencies, municipal governments, and corporate entities. At December 31, 2025, the weighted-average maturity and duration of our portfolio were 2.57 years and 2.12 years, respectively, and the available-for-sale portfolio had a net unrealized after-tax loss of $9.4 million.

Capital

Shareowners’ equity was $552.9 million at December 31, 2025, compared to $540.6 million at September 30, 2025, and $495.3 million at December 31, 2024. For the full year 2025, shareowners’ equity was positively impacted by net income attributable to shareowners of $61.6 million, a net $9.1 million decrease in the accumulated other comprehensive loss, the issuance of common stock of $3.5 million, and stock compensation accretion of $2.4 million. The net favorable change in accumulated other comprehensive loss reflected a $10.7 million decrease in the investment securities loss that was partially offset by a $1.3 million decrease in the fair value of the interest rate swap related to subordinated debt and a $0.3 million decrease in the pension plan loss from the year-end re-measurement of the plan. Shareowners’ equity was reduced by common stock dividends of $17.1 million ($1.00 per share) and net adjustments totaling $1.9 million related to transactions under our stock compensation plans.

At December 31, 2025, our total risk-based capital ratio was 21.45% compared to 20.59% at September 30, 2025, and 18.64% at December 31, 2024. Our common equity tier 1 capital ratio was 18.54%, 17.73%, and 15.54%, respectively, on these dates. Our leverage ratio was 11.77%, 11.64%, and 11.05%, respectively, on these dates. At December 31, 2025, all our regulatory capital ratios exceeded the thresholds to be designated as “well-capitalized” under the Basel III capital standards. Further, our tangible common equity ratio (non-GAAP financial measure) was 10.79% at December 31, 2025, compared to 10.66% and 9.51% at September 30, 2025, and December 31, 2024, respectively.

About Capital City Bank Group, Inc.

Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.4 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, and securities brokerage services. Our bank subsidiary, Capital City Bank, was founded in 1895 and has 62 banking offices and 108 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit https://www.ccbg.com/.

FORWARD-LOOKING STATEMENTS

Forward-looking statements in this Press Release are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “vision,” “goal,” and similar expressions are intended to identify forward-looking statements. The following factors, among others, could cause our actual results to differ: the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board; inflation, interest rate, market and monetary fluctuations; local, regional, national, and international economic conditions and the impact they may have on us and our clients and our assessment of that impact; the costs and effects of legal and regulatory developments, the outcomes of legal proceedings or regulatory or other governmental inquiries, the results of regulatory examinations or reviews and the ability to obtain required regulatory approvals; the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities, and insurance) and their application with which we and our subsidiaries must comply; the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as other accounting standard setters; the accuracy of our financial statement estimates and assumptions; changes in the financial performance and/or condition of our borrowers; changes in the mix of loan geographies, sectors and types or the level of non-performing assets and charge-offs; changes in estimates of future credit loss reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; changes in our liquidity position; the timely development and acceptance of new products and services and perceived overall value of these products and services by users; changes in consumer spending, borrowing, and saving habits; greater than expected costs or difficulties related to the integration of new products and lines of business; technological changes, including the impact of generative artificial intelligence; the costs and effects of cyber incidents or other failures, interruptions, or security breaches of our systems or those of our customers or third-party providers; dispositions (including the impact from the sale of our insurance subsidiary); acquisitions and integration of acquired businesses; impairment of our goodwill or other intangible assets; changes in the reliability of our vendors, internal control systems, or information systems; our ability to increase market share and control expenses; our ability to attract and retain qualified employees; changes in our organization, compensation, and benefit plans; the soundness of other financial institutions; volatility and disruption in national and international financial and commodity markets; changes in the competitive environment in our markets and among banking organizations and other financial service providers; action or inaction by the federal government, including tariffs or trade wars (including potential resulting reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), government intervention in the U.S. financial system; policies related to credit card interest rates, and legislative, regulatory or supervisory actions related to so‑called “de‑banking,” including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices; the effects of natural disasters (including hurricanes), widespread health emergencies (including pandemics), military conflict, terrorism, civil unrest, climate change or other geopolitical events; our ability to declare and pay dividends; structural changes in the markets for origination, sale and servicing of residential mortgages; any inability to implement and maintain effective internal control over financial reporting and/or disclosure control; negative publicity and the impact on our reputation; and the limited trading activity and concentration of ownership of our common stock. Additional factors can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and our other filings with the SEC, which are available at the SEC’s internet site (https://www.sec.gov). Forward-looking statements in this Press Release speak only as of the date of the Press Release, and we assume no obligation to update forward-looking statements or the reasons why actual results could differ, except as may be required by law.

USE OF NON-GAAP FINANCIAL MEASURES
Unaudited

We present a tangible common equity ratio and a tangible book value per diluted share that removes the effect of goodwill and other intangibles resulting from merger and acquisition activity. We believe these measures are useful to investors because they allow investors to more easily compare our capital adequacy to other companies in the industry. Non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently.

The GAAP to non-GAAP reconciliations are provided below.

(Dollars in Thousands, except per share data)		Dec 31, 2025				Sep 30, 2025				Jun 30, 2025				Mar 31, 2025				Dec 31, 2024
Shareowners' Equity (GAAP)		$	552,851			$	540,635			$	526,423			$	512,575			$	495,317
Less: Goodwill and Other Intangibles (GAAP)			89,095				89,095				92,693				92,733				92,773
Tangible Shareowners' Equity (non-GAAP)	A		463,756				451,540				433,730				419,842				402,544
Total Assets (GAAP)			4,385,765				4,323,774				4,391,753				4,461,233				4,324,932
Less: Goodwill and Other Intangibles (GAAP)			89,095				89,095				92,693				92,733				92,773
Tangible Assets (non-GAAP)	B	$	4,296,670			$	4,234,679			$	4,299,060			$	4,368,500			$	4,232,159
Tangible Common Equity Ratio (non-GAAP)	A/B		10.79%				10.66%				10.09%				9.61%				9.51%
Actual Diluted Shares Outstanding (GAAP)	C		17,154,586				17,115,336				17,097,986				17,072,330				17,018,122
Tangible Book Value per Diluted Share (non-GAAP)	A/C	$	27.03			$	26.38			$	25.37			$	24.59			$	23.65

CAPITAL CITY BANK GROUP, INC.
EARNINGS HIGHLIGHTS
Unaudited
		Three Months Ended												Twelve Months Ended
(Dollars in thousands, except per share data)		Dec 31, 2025				Sep 30, 2025				Dec 31, 2024				Dec 31, 2025				Dec 31, 2024
EARNINGS
Net Income Attributable to Common Shareowners		$	13,705			$	15,950			$	13,090			$	61,557			$	52,915
Diluted Net Income Per Share		$	0.80			$	0.93			$	0.77			$	3.60			$	3.12
PERFORMANCE
Return on Average Assets (annualized)			1.25%				1.47%				1.22%				1.42%				1.25%
Return on Average Equity (annualized)			9.78				11.67				10.60				11.51				11.18
Net Interest Margin			4.26				4.34				4.17				4.28				4.08
Noninterest Income as % of Operating Revenue			31.68				33.89				31.34				32.42				32.34
Efficiency Ratio			67.50%				65.09%				69.74%				65.71%				70.30%
CAPITAL ADEQUACY
Tier 1 Capital			20.20%				19.33%				17.46%				20.20%				17.46%
Total Capital			21.45				20.59				18.64				21.45				18.64
Leverage			11.77				11.64				11.05				11.77				11.05
Common Equity Tier 1			18.54				17.73				15.54				18.54				15.54
Tangible Common Equity(1)			10.79				10.66				9.51				10.79				9.51
Equity to Assets			12.61%				12.50%				11.45%				12.61%				11.45%
ASSET QUALITY
Allowance as % of Non-Performing Loans			360.69%				368.54%				464.14%				360.69%				464.14%
Allowance as a % of Loans HFI			1.22				1.17				1.10				1.22				1.10
Net Charge-Offs as % of Average Loans HFI			0.18				0.18				0.25				0.14				0.21
Nonperforming Assets as % of Loans HFI and OREO			0.41				0.39				0.25				0.41				0.25
Nonperforming Assets as % of Total Assets			0.24%				0.23%				0.15%				0.24%				0.15%
STOCK PERFORMANCE
High		$	45.63			$	44.69			$	40.86			$	45.63			$	40.86
Low			38.27				38.00				33.00				32.38				25.45
Close		$	42.57			$	41.79			$	36.65			$	42.57			$	36.65
Average Daily Trading Volume			54,533				42,187				27,484				37,371				31,390
(1) Tangible common equity ratio is a non-GAAP financial measure. For additional information, including a reconciliation to GAAP, refer to Page 10.

CAPITAL CITY BANK GROUP, INC.
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
Unaudited
		2025																2024
(Dollars in thousands)		Fourth Quarter				Third Quarter				Second Quarter				First Quarter				Fourth Quarter
ASSETS
Cash and Due From Banks		$	62,189			$	68,397			$	78,485			$	78,521			$	70,543
Funds Sold and Interest Bearing Deposits			467,782				397,502				394,917				446,042				321,311
Total Cash and Cash Equivalents			529,971				465,899				473,402				524,563				391,854
Investment Securities Available for Sale			643,922				577,333				533,457				461,224				403,345
Investment Securities Held to Maturity			377,446				404,659				462,599				517,176				567,155
Other Equity Securities			2,069				2,145				3,242				2,315				2,399
Total Investment Securities			1,023,437				984,137				999,298				980,715				972,899
Loans Held for Sale ("HFS"):			21,695				24,204				19,181				21,441				28,672
Loans Held for Investment ("HFI"):
Commercial, Financial, & Agricultural			180,341				179,018				180,008				184,393				189,208
Real Estate – Construction			146,920				156,756				174,115				192,282				219,994
Real Estate – Commercial			768,731				785,290				802,504				806,942				779,095
Real Estate – Residential			1,020,942				1,037,324				1,046,368				1,040,594				1,028,498
Real Estate – Home Equity			240,897				234,111				228,201				225,987				220,064
Consumer			182,327				185,847				197,483				206,191				199,479
Other Loans			4,748				2,283				1,552				3,227				14,006
Overdrafts			1,212				1,378				1,259				1,154				1,206
Total Loans Held for Investment			2,546,118				2,582,007				2,631,490				2,660,770				2,651,550
Allowance for Credit Losses			(31,001	)			(30,202	)			(29,862	)			(29,734	)			(29,251	)
Loans Held for Investment, Net			2,515,117				2,551,805				2,601,628				2,631,036				2,622,299
Premises and Equipment, Net			79,457				79,748				79,906				80,043				81,952
Goodwill and Other Intangibles			89,095				89,095				92,693				92,733				92,773
Other Real Estate Owned			1,936				1,831				132				132				367
Other Assets			125,057				127,055				125,513				130,570				134,116
Total Other Assets			295,545				297,729				298,244				303,478				309,208
Total Assets		$	4,385,765			$	4,323,774			$	4,391,753			$	4,461,233			$	4,324,932
LIABILITIES
Deposits:
Noninterest Bearing Deposits		$	1,251,886			$	1,303,786			$	1,332,080			$	1,363,739			$	1,306,254
NOW Accounts			1,322,114				1,222,861				1,284,137				1,292,654				1,285,281
Money Market Accounts			390,888				405,846				408,666				445,999				404,396
Savings Accounts			503,485				500,323				504,331				511,265				506,766
Certificates of Deposit			193,939				182,096				175,639				170,233				169,280
Total Deposits			3,662,312				3,614,912				3,704,853				3,783,890				3,671,977
Repurchase Agreements			22,018				25,629				21,800				22,799				26,240
Other Short-Term Borrowings			28,074				14,615				12,741				14,401				2,064
Subordinated Notes Payable			42,582				42,582				42,582				52,887				52,887
Other Long-Term Borrowings			680				680				680				794				794
Other Liabilities			77,248				84,721				82,674				73,887				75,653
Total Liabilities			3,832,914				3,783,139				3,865,330				3,948,658				3,829,615
SHAREOWNERS' EQUITY
Common Stock			171				171				171				171				170
Additional Paid-In Capital			41,650				40,067				39,527				38,576				37,684
Retained Earnings			508,443				499,176				487,665				476,715				463,949
Accumulated Other Comprehensive Income (Loss), Net of Tax			2,587				1,221				(940	)			(2,887	)			(6,486	)
Total Shareowners' Equity			552,851				540,635				526,423				512,575				495,317
Total Liabilities, Temporary Equity and Shareowners' Equity		$	4,385,765			$	4,323,774			$	4,391,753			$	4,461,233			$	4,324,932
OTHER BALANCE SHEET DATA
Earning Assets		$	4,059,032			$	3,987,850			$	4,044,886			$	4,108,969			$	3,974,431
Interest Bearing Liabilities			2,503,780				2,394,632				2,450,576				2,511,032				2,447,708
Book Value Per Diluted Share		$	32.23			$	31.59			$	30.79			$	30.02			$	29.11
Tangible Book Value Per Diluted Share(1)			27.03				26.38				25.37				24.59				23.65
Actual Basic Shares Outstanding			17,084				17,069				17,066				17,055				16,975
Actual Diluted Shares Outstanding			17,155				17,115				17,098				17,072				17,018
(1) Tangible book value per diluted share is a non-GAAP financial measure. For additional information, including a reconciliation to GAAP, refer to Page 10.

CAPITAL CITY BANK GROUP, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
Unaudited
		2025																2024				Twelve Months Ended December 31,
(Dollars in thousands, except per share data)		Fourth Quarter				Third Quarter				Second Quarter				First Quarter				Fourth Quarter				2025				2024
INTEREST INCOME
Loans, including Fees		$	39,565			$	40,279			$	40,872			$	40,478			$	41,453			$	161,194			$	164,933
Investment Securities			7,768				7,188				6,678				5,808				4,694				27,442				17,097
Federal Funds Sold and Interest Bearing Deposits			4,382				3,964				3,909				3,496				3,596				15,751				12,627
Total Interest Income			51,715				51,431				51,459				49,782				49,743				204,387				194,657
INTEREST EXPENSE
Deposits			7,544				7,265				7,405				7,383				7,766				29,597				32,162
Repurchase Agreements			134				158				156				164				199				612				838
Other Short-Term Borrowings			217				58				179				117				83				571				242
Subordinated Notes Payable			451				383				530				560				581				1,924				2,449
Other Long-Term Borrowings			9				10				5				11				11				35				28
Total Interest Expense			8,355				7,874				8,275				8,235				8,640				32,739				35,719
Net Interest Income			43,360				43,557				43,184				41,547				41,103				171,648				158,938
Provision for Credit Losses			1,995				1,881				620				768				701				5,264				4,031
Net Interest Income after Provision for Credit Losses			41,365				41,676				42,564				40,779				40,402				166,384				154,907
NONINTEREST INCOME
Deposit Fees			5,811				5,877				5,320				5,061				5,207				22,069				21,346
Bank Card Fees			3,684				3,733				3,774				3,514				3,697				14,705				14,707
Wealth Management Fees			4,525				5,173				5,206				5,763				5,222				20,667				19,113
Mortgage Banking Revenues			4,155				4,794				4,190				3,820				3,118				16,959				14,343
Other			1,928				2,754				1,524				1,749				1,516				7,955				6,467
Total Noninterest Income			20,103				22,331				20,014				19,907				18,760				82,355				75,976
NONINTEREST EXPENSE
Compensation			28,384				26,056				26,490				26,248				26,108				107,178				100,721
Occupancy, Net			7,052				7,037				7,071				6,793				6,893				27,953				27,982
Other			7,431				9,823				8,977				5,660				8,781				31,891				36,612
Total Noninterest Expense			42,867				42,916				42,538				38,701				41,782				167,022				165,315
OPERATING PROFIT			18,601				21,091				20,040				21,985				17,380				81,717				65,568
Income Tax Expense			4,896				5,141				4,996				5,127				4,219				20,160				13,924
Net Income			13,705				15,950				15,044				16,858				13,161				61,557				51,644
Pre-Tax (Income) Loss Attributable to Noncontrolling Interest			–				–				–				–				(71	)			–				1,271
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS		$	13,705			$	15,950			$	15,044			$	16,858			$	13,090			$	61,557			$	52,915
PER COMMON SHARE
Basic Net Income		$	0.80			$	0.93			$	0.88			$	0.99			$	0.77			$	3.61			$	3.12
Diluted Net Income			0.80				0.93				0.88				0.99				0.77				3.60				3.12
Cash Dividend		$	0.26			$	0.26			$	0.24			$	0.24			$	0.23			$	1.00			$	0.88
AVERAGE SHARES
Basic			17,070				17,068				17,056				17,027				16,946				17,055				16,943
Diluted			17,140				17,114				17,088				17,044				16,990				17,102				16,969

CAPITAL CITY BANK GROUP, INC.
ALLOWANCE FOR CREDIT LOSSES ("ACL")
AND CREDIT QUALITY
Unaudited
		2025																2024				Twelve Months Ended December 31,
(Dollars in thousands, except per share data)		Fourth Quarter				Third Quarter				Second Quarter				First Quarter				Fourth Quarter				2025				2024
ACL – HELD FOR INVESTMENT LOANS
Balance at Beginning of Period		$	30,202			$	29,862			$	29,734			$	29,251			$	29,836			$	29,251			$	29,941
Transfer from Other (Assets) Liabilities			–				–				–				–				–				–				(50	)
Provision for Credit Losses			1,984				1,550				718				1,083				1,085				5,335				5,025
Net Charge-Offs (Recoveries)			1,185				1,210				590				600				1,670				3,585				5,665
Balance at End of Period		$	31,001			$	30,202			$	29,862			$	29,734			$	29,251			$	31,001			$	29,251
As a % of Loans HFI			1.22%				1.17%				1.13%				1.12%				1.10%				1.22%				1.10%
As a % of Nonperforming Loans			360.69%				368.54%				463.01%				692.10%				464.14%				360.69%				464.14%
ACL – UNFUNDED COMMITMENTS
Balance at Beginning of Period			2,095			$	1,738			$	1,832			$	2,155			$	2,522			$	2,155			$	3,191
Provision for Credit Losses			12				357				(94	)			(323	)			(367	)			(48	)			(1,036	)
Balance at End of Period(1)			2,107				2,095				1,738				1,832				2,155				2,107				2,155
ACL – DEBT SECURITIES
Provision for Credit Losses		$	(1	)		$	(26	)		$	(4	)		$	8			$	(17	)		$	(23	)		$	42
CHARGE-OFFS
Commercial, Financial and Agricultural		$	167			$	373			$	74			$	168			$	499			$	782			$	1,512
Real Estate – Construction			–				–				–				–				47				–				47
Real Estate – Commercial			4				–				–				–				–				4				3
Real Estate – Residential			67				12				49				8				44				136				61
Real Estate – Home Equity			10				10				24				–				33				44				132
Consumer			925				954				914				865				1,307				3,658				5,233
Overdrafts			670				619				437				570				574				2,296				2,394
Total Charge-Offs		$	1,843			$	1,968			$	1,498			$	1,611			$	2,504			$	6,920			$	9,382
RECOVERIES
Commercial, Financial and Agricultural		$	44			$	95			$	117			$	75			$	103			$	331			$	379
Real Estate – Construction			–				–				–				–				3				–				3
Real Estate – Commercial			29				8				6				3				33				46				261
Real Estate – Residential			8				13				65				119				28				205				176
Real Estate – Home Equity			6				10				42				9				17				67				137
Consumer			246				369				456				481				352				1,552				1,480
Overdrafts			325				263				222				324				298				1,134				1,281
Total Recoveries		$	658			$	758			$	908			$	1,011			$	834			$	3,335			$	3,717
NET CHARGE-OFFS (RECOVERIES)		$	1,185			$	1,210			$	590			$	600			$	1,670			$	3,585			$	5,665
Net Charge-Offs as a % of Average Loans HFI(2)			0.18%				0.18%				0.09%				0.09%				0.25%				0.14%				0.21%
CREDIT QUALITY
Nonaccruing Loans		$	8,595			$	8,195			$	6,449			$	4,296			$	6,302
Other Real Estate Owned			1,936				1,831				132				132				367
Total Nonperforming Assets ("NPAs")		$	10,531			$	10,026			$	6,581			$	4,428			$	6,669
Past Due Loans 30-89 Days		$	7,017			$	5,468			$	4,523			$	3,735			$	4,311
Classified Loans			14,334				26,512				28,623				19,194				19,896
Nonperforming Loans as a % of Loans HFI			0.34%				0.32%				0.25%				0.16%				0.24%
NPAs as a % of Loans HFI and Other Real Estate			0.41%				0.39%				0.25%				0.17%				0.25%
NPAs as a % of Total Assets			0.24%				0.23%				0.15%				0.10%				0.15%
(1) Recorded in other liabilities
(2) Annualized

CAPITAL CITY BANK GROUP, INC.
AVERAGE BALANCE AND INTEREST RATES
Unaudited
		Fourth Quarter 2025								Third Quarter 2025								Second Quarter 2025								First Quarter 2025								Fourth Quarter 2024									December 2025 YTD								December 2024 YTD
(Dollars in thousands)		Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate				Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate
ASSETS:
Loans Held for Sale	$	24,261		$	374		6.11	%	$	25,276		$	425		6.68	%	$	22,668		$	475		8.40	%	$	24,726			490		8.04	%	$	31,047		$	976		7.89	%		$	24,234		$	1,764		7.28	%	$	27,306		$	2,776		6.72	%
Loans Held for Investment(1)		2,568,073			39,230		6.06			2,606,213			39,894		6.07			2,652,572			40,436		6.11			2,665,910			40,029		6.09			2,677,396			40,521		6.07				2,622,877			159,589		6.08			2,706,461			162,385		6.03
Investment Securities
Taxable Investment Securities		1,004,420			7,756		3.07			992,260			7,175		2.88			1,006,514			6,666		2.65			981,485			5,802		2.38			914,353			4,688		2.04				996,222			27,399		2.75			923,253			17,073		1.85
Tax-Exempt Investment Securities(1)		1,620			17		4.30			1,620			18		4.44			1,467			17		4.50			845			9		4.32			849			9		4.31				1,391			61		4.39			848			37		4.34
Total Investment Securities		1,006,040			7,773		3.08			993,880			7,193		2.88			1,007,981			6,683		2.65			982,330			5,811		2.38			915,202			4,697		2.04				997,613			27,460		2.75			924,101			17,110		1.85
Federal Funds Sold and Interest Bearing Deposits		437,536			4,382		3.97			356,161			3,964		4.42			348,787			3,909		4.49			320,948			3,496		4.42			298,255			3,596		4.80				366,151			15,751		4.30			239,712			12,627		5.27
Total Earning Assets		4,035,910		$	51,759		5.08	%		3,981,530		$	51,476		5.12	%		4,032,008		$	51,503		5.12	%		3,993,914		$	49,826		5.06	%		3,921,900		$	49,790		5.05	%			4,010,875		$	204,564		5.10	%		3,897,580		$	194,898		5.00	%
Cash and Due From Banks		67,291								65,085								65,761								73,467								73,992									67,876								73,881
Allowance for Credit Losses		(30,922	)							(30,342	)							(30,492	)							(30,008	)							(30,107	)								(30,443	)							(29,902	)
Other Assets		294,757								301,678								302,984								297,660								293,884									299,269								293,044
Total Assets	$	4,367,036							$	4,317,951							$	4,370,261							$	4,335,033							$	4,259,669								$	4,347,577							$	4,234,603
LIABILITIES:
Noninterest Bearing Deposits	$	1,303,266							$	1,314,560							$	1,342,304							$	1,317,425							$	1,323,556								$	1,319,336							$	1,336,601
NOW Accounts		1,235,961		$	4,055		1.30	%		1,198,124		$	3,782		1.25	%		1,225,697		$	3,750		1.23	%		1,249,955		$	3,854		1.25	%		1,182,073		$	3,826		1.29	%			1,227,316		$	15,441		1.26	%		1,183,962		$	16,835		1.42	%
Money Market Accounts		415,577			1,977		1.89			416,656			2,090		1.99			431,774			2,340		2.17			420,059			2,187		2.11			422,615			2,526		2.38				420,992			8,594		2.04			400,664			9,957		2.49
Savings Accounts		501,080			157		0.12			503,189			159		0.13			507,950			174		0.14			507,676			176		0.14			504,859			179		0.14				504,951			666		0.13			518,869			723		0.14
Time Deposits		191,626			1,355		2.80			179,802			1,234		2.72			172,982			1,141		2.65			170,367			1,166		2.78			167,321			1,235		2.94				178,756			4,896		2.74			157,342			4,647		2.95
Total Interest Bearing Deposits		2,344,244			7,544		1.28			2,297,771			7,265		1.25			2,338,403			7,405		1.27			2,348,057			7,383		1.28			2,276,868			7,766		1.36				2,332,015			29,597		1.27			2,260,837			32,162		1.42
Total Deposits		3,647,510			7,544		0.82			3,612,331			7,265		0.80			3,680,707			7,405		0.81			3,665,482			7,383		0.82			3,600,424			7,766		0.86				3,651,351			29,597		0.81			3,597,438			32,162		0.89
Repurchase Agreements		20,690			134		2.57			21,966			158		2.86			22,557			156		2.78			29,821			164		2.23			28,018			199		2.82				23,728			612		2.58			26,970			838		3.11
Other Short-Term Borrowings		20,954			217		4.09			12,753			58		1.82			10,503			179		6.82			7,437			117		6.39			6,510			83		5.06				12,949			571		4.40			4,882			242		4.94
Subordinated Notes Payable		42,582			451		4.15			42,582			383		3.52			51,981			530		4.03			52,887			560		4.23			52,887			581		4.30				47,466			1,924		4.00			52,887			2,449		4.56
Other Long-Term Borrowings		680			9		5.55			681			10		5.55			792			5		2.41			794			11		5.68			794			11		5.57				736			35		4.74			534			28		5.31
Total Interest Bearing Liabilities		2,429,150		$	8,355		1.36	%		2,375,753		$	7,874		1.32	%		2,424,236		$	8,275		1.37	%		2,438,996		$	8,235		1.37	%		2,365,077		$	8,640		1.45	%			2,416,894		$	32,739		1.35	%		2,346,110		$	35,719		1.52	%
Other Liabilities		78,520								85,422								76,138								65,211								73,130									76,385								71,964
Total Liabilities		3,810,936								3,775,735								3,842,678								3,821,632								3,761,763									3,812,615								3,754,675
Temporary Equity		–								–								–								–								6,763									–								6,712
SHAREOWNERS' EQUITY:		556,100								542,216								527,583								513,401								491,143									534,962								473,216
Total Liabilities, Temporary Equity and Shareowners' Equity	$	4,367,036							$	4,317,951							$	4,370,261							$	4,335,033							$	4,259,669								$	4,347,577							$	4,234,603
Interest Rate Spread				$	43,404		3.72	%				$	43,602		3.81	%				$	43,228		3.75	%				$	41,591		3.69	%				$	41,150		3.59	%					$	171,825		3.74	%				$	159,179		3.47	%
Interest Income and Rate Earned(1)					51,759		5.08						51,476		5.12						51,503		5.12						49,826		5.06						49,790		5.05							204,564		5.10						194,898		5.00
Interest Expense and Rate Paid(2)					8,355		0.82						7,874		0.78						8,275		0.82						8,235		0.84						8,640		0.88							32,739		0.82						35,719		0.92
Net Interest Margin				$	43,404		4.26	%				$	43,602		4.34	%				$	43,228		4.30	%				$	41,591		4.22	%				$	41,150		4.17	%					$	171,825		4.28	%				$	159,179		4.08	%
(1) Interest and average rates are calculated on a tax-equivalent basis using a 21% Federal tax rate.
(2) Ratecalculated based on average earning assets.

For Information Contact:
Jep Larkin
Executive Vice President and Chief Financial Officer
850.402.8450

FAQ

What were Capital City Bank Group (CCBG) Q4 2025 earnings and EPS?

Q4 2025 net income attributable to common shareowners was $13.7M, or $0.80 diluted EPS.

How did Capital City Bank Group's full-year 2025 results compare to 2024 (CCBG)?

Full-year 2025 net income was $61.6M ($3.60 diluted EPS) versus $52.9M ($3.12) in 2024.

What was CCBG's net interest margin and tax-equivalent net interest income in 2025?

Net interest margin was 4.28% for 2025 and tax-equivalent net interest income totaled $171.8M.

Did Capital City Bank Group's tangible book value change in 2025 (CCBG)?

Yes; tangible book value per diluted share increased by 14.3% for 2025.

How did CCBG's loan and deposit balances change through 2025 year-end?

Loans HFI decreased about 4.0% from Dec 31, 2024 to Dec 31, 2025; average deposits rose about 1.5% in 2025.

What credit metrics did Capital City Bank Group report at Dec 31, 2025 (CCBG)?

Allowance for credit losses was 1.22% of loans HFI and nonperforming assets were $10.6M at Dec 31, 2025.