Business
Capital City Bank Group, Inc. Reports Fourth Quarter 2025 Results
TALLAHASSEE, Fla., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners
About this update from Capital City Bank Group
[{"type":"text","content":"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 (4th Quarter 2025 versus 3rd 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, 2025Noninterest 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 millionNoninterest 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 balancesTangible 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 char...