Capital City Bank (CCBG) AI Stock Analysis

• Market Cap: $713.02M
• Dividend Yield: 2.33%
• Average Volume (3M): 57.93K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.58
• Revenue Growth: 9.43%
• EPS Growth: 17.64%
• Country: US
• Employees: 940
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.80
• Shares Outstanding: 17,152,262
• 10 Day Avg. Volume: 79,339
• 30 Day Avg. Volume: 57,934
• PEG Ratio: 0.77
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 2.60
• P/FCF Ratio: 9.08
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 2.66
• Enterprise Value/Gross Profit: 3.05
• Enterprise Value/Ebitda: 8.30
• 1Y Price Target: $45.00
• Price Target Upside: 6.81% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 3.46
• Revenue Forecast (FY): $262.80M

• Rating: 73 Outperform
• Price Target: $48.00 ▲(13.93% Upside)
• Action: Reiterated Date: 03/04/26
• Date: Action: Reiterated 03/04/26

The score is driven primarily by solid financial performance (improving margins, conservative leverage, and strong recent free cash flow), supported by reasonable valuation (low P/E and a ~2.3% yield). Technicals are neutral-to-mildly mixed (slightly negative MACD with otherwise mid-range momentum), which tempers the overall rating.

Positive Factors

Conservative leverage

A low and improved debt-to-equity (~0.17 in 2025 from ~0.40 in 2020) indicates durable balance-sheet resilience. This conservatism provides regulatory and liquidity buffers, supports lending flexibility and capital returns, and reduces refinancing risk across economic cycles.

Improving profitability

Material margin improvement (net margin ~22%, EBIT margin ~30% in 2025) reflects sustainable operating efficiency and pricing power across retail, commercial and wealth lines. Higher margins strengthen earnings durability and provide a cushion against credit stress or margin compression.

Strong recent cash generation

A large jump in free cash flow (FCF up ~119.5%) and FCF representing ~91% of net income demonstrates improved cash conversion. Reliable cash generation enhances capital allocation options for lending, dividends, or targeted investments and supports long-term financial flexibility.

Negative Factors

Uneven revenue growth

Revenue growth has been inconsistent—declines in 2021–2022 followed by modest re-acceleration (2025 +2.1% vs. 2024). This uneven top-line trajectory suggests sensitivity to macro or rate cycles and complicates multi-year planning for sustainable organic expansion.

Historical cash-flow volatility

Despite recent FCF strength, historical swings (negative OCF/FCF in 2020 and sharp FCF decline in 2023) point to cash-conversion volatility. Such variability can stress capital allocation during downturns and raises execution risk for steady dividend or growth programs.

Moderate, inconsistent ROE

Returns on equity are modest and not consistently improving (11.7% in 2023, 10.7% in 2024, 11.1% in 2025). This middling, uneven ROE suggests limited secular uplift in profitability and may constrain long-term shareholder return potential versus higher‑return peers.

Capital City Bank Business Overview & Revenue Model

Company Description

Capital City Bank Group, Inc. operates as the financial holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services. It also provides commercial and residential real estate lending products, as well as fixed- and adjustable-rate residential mortgage loans; personal, automobile, boat/RV, and home equity loans; and credit card programs. In addition, the company offers institutional banking services, including customized checking and savings accounts, cash management systems, tax-exempt loans, lines of credit, and term loans to meet the needs of state and local governments, public schools and colleges, charities, membership, and not-for-profit associations. Further, it provides consumer banking services comprising checking accounts, savings programs, interactive/automated teller machines, debit/credit cards, night deposit services, safe deposit facilities, and online and mobile banking services. Additionally, the company provides asset management for individuals through agency, personal trust, IRA, and personal investment management accounts; and various retail securities products, such as the U.S. government bonds, tax-free municipal bonds, stocks, mutual funds, unit investment trusts, annuities, life insurance, and long-term health care. As of December 31, 2021, it operated through 57 banking offices and 86 ATMs/ITMs in Florida, Georgia, and Alabama. The company was founded in 1895 and is headquartered in Tallahassee, Florida.

How the Company Makes Money

Capital City Bank generates revenue through a diversified model primarily driven by interest income and non-interest income. Key revenue streams include interest earned from loans and mortgages, which constitute a significant portion of the bank's earnings, as well as interest income from securities and investments. Additionally, CCBG earns non-interest income through service fees on accounts, transaction fees, wealth management and investment advisory services, and commissions from insurance products. The bank also engages in partnerships with local businesses and organizations to provide tailored financial solutions, further enhancing its revenue potential. Overall, CCBG's financial performance is bolstered by its focus on customer service and community engagement, leading to a loyal client base and consistent deposit growth.

Capital City Bank Financial Statement Overview

Summary

Financials are solid overall: improving profitability and margins (net margin ~22% in 2025; EBIT margin ~30%), conservative leverage (debt-to-equity ~0.17), and strong recent cash generation (FCF up ~119.5% in 2025; FCF ~91% of net income). Offsetting factors are uneven revenue growth across years and historically volatile cash flow.

Income Statement

Revenue has expanded steadily from 2023 to 2025 (2025 up 2.1% vs. 2024), and profitability improved meaningfully over the period. Net margin rose to ~22.0% in 2025 from ~20.2% in 2024, alongside stronger operating profitability (2025 EBIT margin ~30.0% vs. ~25.0% in 2024). The main weakness is growth consistency: revenue declined in 2021–2022 before re-accelerating, suggesting earnings and revenue momentum can be rate-cycle sensitive.

Balance Sheet

Leverage appears conservative with debt-to-equity staying low and stable (~0.17 in 2025, improved from ~0.40 in 2020), and equity has grown over time, supporting balance-sheet resilience. Returns on equity are solid and improving (about 11.1% in 2025 vs. 10.7% in 2024), though not consistently rising each year (ROE was higher in 2023 at ~11.7%). Total assets have been broadly stable to slightly higher, which supports stability but also implies the growth profile is not asset-led.

Cash Flow

Cash generation is currently strong: operating cash flow and free cash flow increased in 2025 (FCF up ~119.5% vs. 2024), and free cash flow is closely aligned with earnings (FCF at ~91% of net income in 2025). However, cash flow has been volatile historically, including negative operating and free cash flow in 2020 and a sharp decline in free cash flow in 2023, indicating periodic swings in cash conversion that investors should monitor.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	279.31M	262.22M	245.69M	200.56M	207.33M
Gross Profit	243.30M	222.47M	213.90M	186.18M	205.39M
EBITDA	89.37M	73.40M	71.94M	48.83M	57.16M
Net Income	61.56M	52.91M	52.26M	33.41M	33.40M
Balance Sheet
Total Assets	4.39B	4.32B	4.30B	4.52B	4.26B
Cash, Cash Equivalents and Short-Term Investments	62.19M	496.46M	421.02M	485.41M	719.92M
Total Debt	93.35M	81.98M	88.54M	110.19M	88.33M
Total Liabilities	3.83B	3.83B	3.86B	4.12B	3.87B
Stockholders Equity	552.85M	495.32M	448.03M	396.04M	394.92M
Cash Flow
Free Cash Flow	80.03M	54.88M	47.74M	86.37M	116.98M
Operating Cash Flow	87.61M	63.57M	54.78M	92.69M	122.17M
Investing Cash Flow	64.41M	68.35M	-68.54M	-765.83M	-453.97M
Financing Cash Flow	-13.90M	-52.14M	-274.82M	238.43M	438.60M

Capital City Bank Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 42.13
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCBG, the sentiment is Neutral. The current price of 42.13 is below the 20-day moving average (MA) of 42.46, below the 50-day MA of 42.76, and above the 200-day MA of 41.06, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 46.51 is Neutral, neither overbought nor oversold. The STOCH value of 49.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CCBG.

Capital City Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCBG	73 Outperform	$713.02M	11.80	11.55%	2.33%	9.43%	17.64%
IBCP	70 Outperform	$670.98M	9.81	14.51%	3.09%	4.29%	10.56%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CAC	64 Neutral	$764.18M	11.21	9.49%	3.66%	24.08%	9.83%
GSBC	62 Neutral	$663.60M	9.89	11.33%	2.48%	0.67%	17.88%
EQBK	56 Neutral	$913.16M	37.40	3.37%	1.34%	6.45%	8.32%
HBNC	53 Neutral	$797.59M	8.03	-20.64%	3.50%	-78.64%	-913.67%

Capital City Bank Corporate Events

Capital City Bank Releases Q4 2025 Investor Presentation

Capital City Bank Group, Inc. has published its fourth quarter 2025 investor presentation on its website, making the materials available to shareholders and market participants as furnished information under securities disclosure rules. By distributing the presentation in this manner, the bank is providing additional transparency into its financial performance and strategic positioning for the quarter, without the materials being treated as formally filed for liability purposes under the Securities Exchange Act of 1934.

The most recent analyst rating on (CCBG) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Capital City Bank stock, see the CCBG Stock Forecast page.