The company expects modifications to deposit products will reduce fee revenues starting in Q3 2026.
Capital City Bank expects annual effective tax rate to be about 23.5% for 2026.
The company says it will focus on managing risk and executing opportunities in the second half of 2026.
Result drivers
Investment securities income - Higher income from new investment purchases at higher rates and increased balances drove net interest income growth.
Mortgage and card fee growth - Noninterest income rose due to higher mortgage banking revenues from increased production volume and higher bank card fees from greater card volume.
Higher noninterest expenses - Noninterest expense increased, mainly due to higher other expense and occupancy expense.
Key details and analyst coverage
Metric
Actual
Q2 EPS
$0.95
Q2 net income
$16.28 mln
Q2 net interest income
$44.2 mln
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the banks peer group is "buy."
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