Capital City Bank Group (CCBG) Q1 2026 earnings summary

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, reflecting 15% sequential earnings growth driven by strong deposit trends, disciplined credit performance, and expense control.

• 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.

• Maintains a stable, resilient, and profitable franchise with a focus on relationship banking and community engagement.

• Recognized for exceptional service and workplace culture, with multiple national and regional accolades.

Financial highlights

• Tax-equivalent net interest income was $42.9 million in Q1 2026, 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, with increases in deposit and mortgage banking fees offset by lower wealth management fees.

• Noninterest expense was $41.4 million, down 3.5% sequentially, up 6.9% year-over-year, mainly due to compensation and other real estate expense changes.

• Tangible book value per diluted share increased to $27.51, up $0.48 (1.8%) sequentially.

• Dividend per share increased 12.5% year-over-year to $0.27.

Outlook and guidance

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

• 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.

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

• Positioned for growth in high-growth Florida and Georgia markets, leveraging scalable platforms and local expertise.