Capital City Bank Group (CCBG) investor relations material

Executive summary

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

• Return on average assets was 1.45% and return on average 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.

• Noninterest income was $19.9 million, stable year-over-year, with increases in deposit and mortgage banking fees offset by lower wealth management fees.

• Noninterest expense was $41.4 million, down from Q4 2025 but up from Q1 2025, mainly due to compensation and other real estate expense changes.

Financial highlights

• Net interest income (tax-equivalent) was $42.9 million, slightly down sequentially but up year-over-year.

• Net interest margin for Q1 2026 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.

Outlook and guidance

• Management expects annual effective tax rate to approximate 24% for 2026.

• Capital expenditures are projected at $10 million over the next 12 months, funded with existing resources.

• Liquidity remains strong, with $1.65 billion in additional liquidity available.

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