Capital City Bank Q3 net income rises, margin improves
CCBG•Capital City Bank reported Q3 net income of $16.94 million and EPS of $0.99, both slightly higher than the prior quarter and year-earlier period. Net interest income was $45.10 million as investment securities income rose and deposit costs fell; the company expects a 23%-24% effective tax rate in 2026.
1. Quarterly results
Capital City Bank reported Q3 net income of $16.94 million and EPS of $0.99, both slightly higher than the prior quarter and year-earlier period. Net interest income was $45.10 million, with higher investment securities and loan interest income and lower deposit interest expense driving growth; the net interest margin also improved.
2. Other income and outlook
Noninterest income declined as mortgage banking revenues fell on lower production volume and deposit fees decreased. Improved credit quality and lower net loan charge-offs reduced provision expense for credit losses. The company expects a 2026 annual effective tax rate of 23%-24%.
