Capital City Bank Q1 profit falls yr/yr, hurt by lower loan balances

Capital City Bank

20/04/2026 12:10

Overview

US regional bank's Q1 net income and EPS rose from prior quarter but fell yr/yr

Tax-equivalent net interest income dipped from Q4, reflecting lower loan balances and fewer calendar days

Company repurchased 63,088 shares of common stock during the quarter

Outlook

Company expects annual effective tax rate to approximate 24% for 2026

Result Drivers

LOWER LOAN BALANCES - Net interest income declined from Q4 due to lower average loan balances and fewer calendar days, partially offset by higher investment securities income

NONINTEREST INCOME MIX - Noninterest income fell slightly as lower wealth management and deposit fees were partly offset by a miscellaneous recovery

LOWER COMPENSATION EXPENSE - Noninterest expense decreased from Q4, mainly due to lower performance-based incentive pay

Company press release: ID:nGNX3ZdN5l

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.92
Q1 Net Income
$15.82 mln
Q1 Tax-equivalent Net Interest Income
$42.9 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 $45.00, about 3.9% below its April 17 closing price of $46.83

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)