Capital City Bank Q3 net income rises, margin improves

Capital City Bank

20/10/2026 12:09

Overview
U.S. regional bank's Q3 net income and EPS rose slightly from prior quarter and year ago
Net interest income and margin improved, driven by higher investment securities income and lower deposit costs
Noninterest income declined due to lower mortgage banking revenues and deposit fees

Outlook
Company expects 2026 annual effective tax rate to be 23-24%

Result Drivers
INVESTMENT SECURITIES INCOME - Higher income from investment securities and loan interest income, along with lower deposit interest expense, drove net interest income growth
MORTGAGE BANKING REVENUES - Decline in mortgage banking revenues due to lower production volume contributed to lower noninterest income
CREDIT QUALITY - Improved credit quality and lower net loan charge-offs reduced provision expense for credit losses

Company press release: ID:nGNX55Y8j8

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.99
 
Q3 Net Income
 
$16.94 mln
 
Q3 Net Interest Income
 
$45.10 mln
 

Analyst Coverage
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."
Wall Street's median 12-month price target for Capital City Bank Group Inc is $49.50, about 1.8% above its October 19 closing price of $48.63
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Oct 20 - Peoples Bancorp Q3 net income and EPS rise
Oct 20 - Commerce Bancshares Q3 EPS beats, helped by loan growth
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality

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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.)