CAPITAL CITY BANK GROUP INC recently released its 10-Q report for the quarter ended June 30, 2026. The company is the financial holding company for Capital City Bank, with a banking footprint of 62 full-service offices and 107 ATMs/ITMs across Florida, Georgia, and Alabama, plus 27 mortgage offices through Capital City Home Loans in the Southeast. Its business spans deposit and credit services, mortgage banking, wealth and trust services, merchant services, bankcards, securities brokerage, and financial advisory products.
In Item 2, Management’s Discussion and Analysis, the company said second-quarter 2026 net income rose to $16.3 million, or $0.95 per diluted share, from $15.8 million, or $0.92, in the first quarter and $15.0 million, or $0.88, a year earlier. For the first six months of 2026, net income was $32.1 million, or $1.87 per diluted share, matching the per-share result from the same period of 2025. Tax-equivalent net interest income increased to $44.2 million in the second quarter from $42.9 million in the first quarter and $43.2 million in the second quarter of 2025, helped by higher investment securities income and lower deposit interest expense, partly offset by lower loan interest income and overnight funds income.
The provision for credit losses was $0.9 million in the second quarter, up from $0.7 million in the first quarter and $0.6 million a year earlier. The allowance for credit losses on loans held for investment was $31.0 million at June 30, 2026, equal to 1.24% of loans held for investment, compared with 1.23% at March 31 and 1.22% at year-end 2025. Nonperforming assets increased to $13.4 million at June 30 from $13.0 million at March 31 and $10.5 million at December 31, 2025, with nonperforming assets equal to 0.30% of total assets.
Noninterest income climbed to $20.6 million in the second quarter from $19.9 million in the first quarter and $20.0 million in the second quarter of 2025. The quarter-over-quarter increase came mainly from mortgage banking revenues, which rose $0.4 million, and bank card fees, which rose $0.2 million. Compared with the second quarter of 2025, the increase reflected higher other income of $0.7 million, mortgage banking revenues of $0.5 million, and deposit fees of $0.3 million, offset by a $1.0 million drop in wealth management fees.
Noninterest expense was $42.6 million in the second quarter, up from $41.4 million in the first quarter and essentially flat versus $42.5 million a year earlier. For the first half of 2026, noninterest expense totaled $84.0 million, up $2.8 million from the same period of 2025, driven by a $3.4 million increase in other expense and a $0.6 million increase in occupancy expense, partly offset by a $1.2 million decline in compensation expense. The company said the rise in other expense was mainly tied to a $4.2 million increase in ORE expense, reflecting lower gains from property sales after a large gain from the sale of its operations center building in the first quarter of 2025.
Average earning assets were $4.069 billion in the second quarter, down $21.0 million from the first quarter but up $32.9 million from the fourth quarter of 2025. Average loans held for investment fell to $2.506 billion from $2.538 billion in the first quarter and $2.569 billion in the fourth quarter of 2025. At June 30, 2026, loans held for investment were down $18.5 million from March 31 and $46.2 million from December 31, 2025. Today the company's shares have moved -0.66% to a price of $52.49. For the full picture, make sure to review CAPITAL CITY BANK GROUP INC's 10-Q report.
