Capital City Bank Group (CCBG) investor relations material

Executive summary

• Net income attributable to common shareowners was $15.8 million ($0.92 per diluted share) for Q1 2026, up from $13.7 million ($0.80) in Q4 2025, but down from $16.9 million ($0.99) in Q1 2025.

• Return on Assets was 1.45% and Return on Equity was 11.30% for Q1 2026, both higher than Q4 2025 but lower than Q1 2025.

• Earnings growth of 15% over the prior quarter was driven by strong deposit trends, disciplined credit performance, and expense control.

Financial highlights

• Tax-equivalent net interest income was $42.9 million, down from $43.4 million in Q4 2025, but up from $41.6 million in Q1 2025.

• Net interest margin was 4.24%, down 2 bps sequentially, up 2 bps year-over-year.

• Noninterest income was $19.9 million, down 0.8% sequentially, flat year-over-year.

• Noninterest expense was $41.4 million, down 3.5% sequentially, up 6.9% year-over-year.

• Provision for credit losses was $0.7 million, down from $2.0 million in Q4 2025 and $0.8 million in Q1 2025.

• Efficiency ratio improved to 65.89% from 67.50% in Q4 2025, but higher than 62.93% in Q1 2025.

Outlook and guidance

• Annual effective tax rate for 2026 is expected to approximate 24%, absent discrete items or new tax credit investments.

• Management remains focused on deepening client relationships, maintaining balance sheet strength, and executing consistently across economic cycles.