Capital City Bank Q2 Earnings: Net Income Climbs to $16.3M, but Classified Loans Surge
CCBG sits 35% above its 52-week low of $38.
Summary
Capital City Bank Group posted Q2 2026 net income of $16.3 million ($0.95 per share), up from $15.8 million in Q1, fueled by higher net interest income and mortgage banking revenues. Classified loans surged to $29.8 million from $14.5 million, reflecting downgrades of four commercial real estate credits.
Key Events · Earnings and Guidance · CCBG
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Q2 Net Income Rises to $16.3M
Net income attributable to common shareowners reached $16.3 million, or $0.95 per diluted share, compared with $15.8 million ($0.92) in Q1 2026 and $15.0 million ($0.88) in Q2 2025.
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Net Interest Margin Expands 11 bps
The tax-equivalent net interest margin widened to 4.35% from 4.24% in Q1 2026, supported by higher investment securities yields and a 6-basis-point decline in the cost of funds to 0.75%.
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Classified Loans More Than Double
Classified loans jumped to $29.8 million at June 30, 2026, from $14.5 million at March 31, 2026, following the downgrade of four commercial real estate relationships totaling $16.8 million—comprising two private schools, a hotel, and a funeral home.
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Tangible Book Value Per Share Increases
Tangible book value per diluted share rose to $28.07, an increase of $0.56 (2.0%) from $27.51 in Q1 2026, bolstered by earnings and share repurchases.
Analysis · CCBG · Finance
Capital City Bank delivered solid Q2 2026 results, with net income rising 3% sequentially to $16.3 million and net interest margin expanding 11 basis points to 4.35%. However, classified loans more than doubled to $29.8 million, driven by downgrades of four commercial real estate relationships—a clear signal of emerging credit stress in the loan portfolio. While the bank maintained strong capital ratios and repurchased $2.6 million in shares, the sharp increase in problem loans demands close attention.
At the time of this filing, CCBG was trading at $51.13 on NASDAQ in the Finance sector, with a market capitalization of approximately $874.4M. The 52-week trading range was $38.00 to $52.10. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.