Overview

• Florida-based bank's Q4 net income rose yr/yr but fell from Q3

• Q4 net interest income slightly decreased from Q3

• Company's Q4 noninterest income decreased by 10% from Q3

Outlook

• Capital City Bank expects annual effective tax rate to approximate 24% for 2026

• Company anticipates continued strong shareholder returns in 2026

Result Drivers

• NET INTEREST INCOME - Decline in loan income and increase in interest expense led to a slight decrease in net interest income compared to Q3

• NONINTEREST INCOME - Decreased by 10% from Q3 due to lower other income, mortgage revenues, and wealth management fees

• DEPOSIT BALANCES - Increased due to seasonal inflows of public funds

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Capital City Bank Group Inc is $47.00, about 5.3% above its January 26 closing price of $44.64

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX4WqgMj

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)