Business
Capital City Bank Group, Inc. Reports Third Quarter 2025 Results
TALLAHASSEE, Fla., Oct. 21, 2025 (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., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners of $16.0 million, or $0.93 per diluted share, for the third quarter of 2025 compared to $15.0 million, or $0.88 per diluted share, for the second quarter of 2025, and $13.1 million, or $0.77 per diluted share, for the third quarter of 2024. QUARTER HIGHLIGHTS (3rd Quarter 2025 versus 2nd Quarter 2025) Income Statement Tax-equivalent net interest income totaled $43.6 million compared to $43.2 million for the second quarter of 2025 Net interest margin increased four-basis points to 4.34% due to a four-basis point decline in cost of funds to 78 basis points Provision for credit losses increased by $1.3 million to $1.9 million for the third quarter of 2025 - net loan charge-offs were 18-basis points (annualized) of average loans – allowance coverage ratio increased to 1.17% at September 30, 2025Noninterest income increased by $2.3 million, or 11.6%, due to a $1.2 million increase in other income which included a $0.7 million gain from the sale of our insurance subsidiary, and higher mortgage banking revenues of $0.6 million and deposit fees of $0.6 million Noninterest expense increased by $0.4 million, or 0.9%, due to an increase in other miscellaneous expenses Balance Sheet Loan balances decreased by $46.4 million, or 1.7% (average), and decreased by $49.5 million, or 1.9% (end of period)Deposit balances decreased by $68.4 million, or 1.9% (average), and decreased by $89.9 million, or 2.4% (end of period) due to the seasonal decrease in our public fund balances Noninterest bearing deposits averaged 36.4% of total deposits for the third quarter of 2025 and 36.3% for the year Tangible book value per diluted share (non-GAAP financial measure) increased by $1.01, or 4.0% “We are pleased to share another strong report for the third quarter of 2025, highlighted by an above-peer ROA of 1.47% and ROE of 11.67%,” said William G. Smith, Jr., Capital City Bank Group Chairman and CEO. “Revenue growth driven by continued net interest margin expansion and higher noninterest income drove the improvement and resulted in a 4% increase in tangible book value per share. We are in a position of strength and look forward to finishing the year strong and continued momentum in 2026.” Discussion of ...