AI Earnings Predictions for Capital City Bank Group (CCBG)

EX-99.1

2 ex991.htm

EXHIBIT 99.1

ex991

Capital City Bank Group,

Inc.

Reports Third Quarter

2026

Results

TALLAHASSEE,

Fla. (October 20,

2026) – Capital

City Bank Group,

Inc. (NASDAQ: CCBG) today

reported net income

attributable

to common

shareowners of

$16.9

million, or $0.99

per diluted share, for the

third quarter of

2026 compared

to $16.3

million, or $0.95

per diluted share, for the

second quarter

of 2026, and

$16.0 million, or $0.93 per diluted

share, for the

third quarter

of 2025.

Return on Assets was

1.53% and

Return on Equity

was 11.67%

for the third quarter

of 2026

compared

to 1.48% and

11.38%,

respectively,

for the second

quarter of

2026, and

1.47% and

11.67%, respectively

,

for the third quarter

of 2025.

QUARTER HIGHLIGHTS

(3

rd

Quarter 2026

versus 2

nd

Quarter 2026)

Income Statement

●

Tax-equivalent net interest income totaled $45.1 million compared to $44.2 million for the

prior quarter and reflected one

additional calendar day in the third quarter

-

Net interest margin increased 7 basis points to 4.42% (earning asset yield

increased 4 basis points to 5.15% and cost of

funds decreased 2 basis points to 73 basis points)

●

Credit loss provision

decreased $1.0 million -

net loan charge-offs

of 8 basis points

(annualized) of average loans

- allowance

coverage ratio decreased two basis points to 1.22% at September 30, 2026

●

Noninterest income decreased $1.2 million, or 5.9%, driven by lower mortgage banking revenues and deposit

fees

●

Noninterest

expense decreased

$0.3 million, or

0.8%, primarily due to

lower compensation

expense of $0.2

million

Balance Sheet

●

Loan balances

decreased $10.3

million, or 0.4%

(average), and decreased

$10.1 million,

or 0.4% (end of period)

●

Improved credit

quality - total nonperforming

assets of $9.7 million

(22 basis points

of total assets)

at September

30, 2026, a

$3.7 million

decrease from

the prior quarter

●

Deposit balances

decreased $31.2

million, or 0.9%

(average), and decreased

$54.4 million,

or 1.5% (end of period)

due to

the normal seasonal decrease in our public fund balances

●

Investment security

loss AFS and HTM

of 3.2% (after-tax)

of book value

– total security

portfolio

duration

of 2.6 years

●

Tangible

book value

per diluted

share (non-GAAP financial

measure) increased

$0.19, or 0.7%, and

reflected

the negative

impact of higher

bond interest

rates on our quarter-end

AFS fair value

AOCI adjustment

“The third quarter

delivered strong earnings and

solid momentum

across our Company,”

said William G. Smith, Jr., Chairman

and

Chief Executive Officer.

“Continued

net interest margin expansion

and improved

credit quality contributed

meaningfully to

our third

quarter results. We

remain well positioned

to build on this momentum

and finish the

year strong.”

2

Discussion of

Operating Results

Net Interest Income/Net

Interest Margin

Tax

-equivalent net

interest income for the

third quarter of

2026 totaled

$45.1 million, compared

to $44.2 million for the

second

quarter of 2026, and

$43.6 million for the third quarter

of 2025. Compared

to the second

quarter of

2026, the increase

was primarily

attributable

to higher income from

investment

securities and loan

interest income,

in addition to lower deposit

interest expense,

partially offset

by lower overnight funds

income due to

lower average balances.

The increase in investment

securities income

reflected new investment

purchases at

higher rates and

higher balances as

we deploy additional

liquidity into the investment

security

portfolio. The decrease

in deposit interest expense

was primarily driven

by lower average balances

on seasonal public funds accounts

and lower rates on

time deposits. One additional

calendar

day also

contributed to

the increase over

the second quarter

of 2026.

The

increase over the

third quarter of

2025 was also

driven by the same

aforementioned

factors.

For the first nine

months of 2026, tax

-equivalent net interest income

totaled $132.2

million compared

to $128.4 million for the

same

period of 2025

.

The increase was primarily

attributable

to higher investment

securities income and

lower deposit interest expense,

partially offset

by lower loan interest income

and overnight

funds income.

New investment purchases

at higher yields and higher

balances

drove the increase

in investment securities income.

The decrease in deposit

interest expense

was primarily attributable

to

lower rates across

several product

lines. Lower average loan

balances

contributed to

the decrease

in loan interest income,

while the

decrease in overnight funds

income reflected

the deployment

of more liquidity into the

investment

portfolio as well as a lower

average overnight

funds rate.

Our net interest margin

for the third quarter

of 2026

was 4.42%, an

increase of seven

basis p

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