Capital City Bank (CCBG) AI Stock Analysis

• Market Cap: $685.65M
• Dividend Yield: 2.33%
• Average Volume (3M): 57.93K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.56
• 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: 17,068,825
• 10 Day Avg. Volume: 79,339
• 30 Day Avg. Volume: 57,934
• PEG Ratio: 9.04
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 2.37
• P/FCF Ratio: 11.31
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 2.93
• Enterprise Value/Gross Profit: 3.38
• Enterprise Value/Ebitda: 9.09
• 1Y Price Target: $45.00
• Price Target Upside: 12.02% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $47.00 ▲(17.00% Upside)

The score is driven primarily by solid financial performance (strong profitability, conservative leverage, and healthy ROE) and supportive valuation (P/E ~12.4 with a ~2.36% dividend). These positives are tempered by softer near-term technicals (below 20/50-day averages with subdued RSI/Stoch) and slower recent growth/flat assets.

Positive Factors

High Profitability & Margins

Sustained high gross and net margins indicate efficient cost management and strong core lending economics. Durable profitability supports internal funding for loan growth, capital accumulation and dividend increases, reducing reliance on external financing over the medium term.

Strong Capital & Low Leverage

A low debt-to-equity ratio and stable equity base provide resilience to credit stress and regulatory shocks. Prudently managed leverage preserves capital flexibility for lending, strategic investments or shareholder returns and lowers insolvency risk during downturns.

Improving Cash Generation

Growing free cash flow and a strong FCF-to-net income ratio enhance the bank's ability to self-fund operations, pay dividends and invest in franchise initiatives. Improved cash generation reduces dependence on wholesale funding and supports longer-term liquidity stability.

Negative Factors

Weak Cash Conversion

A low operating cash flow relative to reported net income signals weaker cash conversion and potential reliance on accruals. Over time this can constrain funding for loans, capital distributions and reserves, requiring management focus to sustain cash-backed earnings growth.

Revenue Concentration in Interest Income

Heavy dependence on interest income makes earnings and margins sensitive to interest rate cycles, loan demand and credit conditions. Without broader fee diversification, the bank faces greater cyclicality and margin pressure when rates or loan growth weaken.

Regional Concentration Risk

Concentrated geographic footprint ties asset quality and deposit stability to regional economic performance. Adverse local economic shocks, regulatory changes or natural events could disproportionately affect credit losses and funding, limiting diversification benefits.

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

Strong underlying fundamentals: solid TTM profitability (net margin ~22%, EBIT margin ~29%) and a conservatively levered balance sheet (debt-to-equity ~0.15) with healthy ROE (~11.5%). Offsets include slower recent revenue growth (~1.75% TTM), flat assets (~$4.3B), and some historical/metric inconsistency in cash-flow coverage despite positive, growing TTM free cash flow (~$79M).

Income Statement

TTM (Trailing-Twelve-Months) results show solid profitability with a net margin of ~22% and improved operating profitability versus 2024 (EBIT margin ~29% vs ~25%). Revenue growth accelerated to ~1.75% in TTM after modest growth in 2024 (~6.7%) and strong growth in 2023 (~22.5%), pointing to a slower—but still positive—top-line trajectory recently. Overall earnings power is consistent and improving, though revenue growth is not strong for a regional bank and appears to be decelerating versus prior years.

Balance Sheet

Leverage looks conservative for the period shown, with debt-to-equity improving to ~0.15 in TTM (from ~0.17 in 2024 and ~0.28 in 2022), alongside rising equity ($541M TTM vs $495M in 2024). Returns on equity are healthy and stable (TTM ~11.5%, broadly in the 10%–12% range in recent years), indicating decent profitability relative to capital. A key watch item is that total assets have stayed roughly flat around ~$4.3B, suggesting limited balance-sheet growth despite improving leverage.

Cash Flow

Cash generation is generally supportive: TTM free cash flow is positive at ~$79M with strong growth versus 2024 (~13.3%), and free cash flow is well-covered by earnings (free cash flow running at ~0.89x of net income in TTM, similar to prior years). However, cash flow has been volatile historically (notably negative operating and free cash flow in 2020), and the provided operating cash flow coverage ratio is inconsistent across periods (including 0.0 in TTM), which adds some uncertainty around cash conversion consistency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	273.61M	262.22M	245.69M	200.56M	207.33M	211.53M
Gross Profit	236.62M	222.47M	213.90M	186.18M	205.39M	197.01M
EBITDA	88.06M	73.40M	71.94M	48.83M	57.16M	60.11M
Net Income	60.94M	52.91M	52.26M	33.41M	33.40M	31.58M
Balance Sheet
Total Assets	4.32B	4.32B	4.30B	4.52B	4.26B	3.80B
Cash, Cash Equivalents and Short-Term Investments	500.12M	496.46M	421.02M	485.41M	719.92M	392.79M
Total Debt	83.51M	81.98M	88.54M	110.19M	88.33M	135.60M
Total Liabilities	3.78B	3.83B	3.86B	4.12B	3.87B	3.46B
Stockholders Equity	540.63M	495.32M	448.03M	396.04M	394.92M	342.84M
Cash Flow
Free Cash Flow	79.08M	54.88M	47.74M	86.37M	116.98M	-58.35M
Operating Cash Flow	87.29M	63.57M	54.78M	92.69M	122.17M	-48.61M
Investing Cash Flow	19.84M	68.35M	-68.54M	-765.83M	-453.97M	-32.59M
Financing Cash Flow	13.56M	-52.14M	-274.82M	238.43M	438.60M	631.33M

Capital City Bank Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 40.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 40.17 is below the 20-day moving average (MA) of 43.43, below the 50-day MA of 42.83, and below the 200-day MA of 40.25, indicating a bearish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 34.35 is Neutral, neither overbought nor oversold. The STOCH value of 23.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CCBG.

Capital City Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IBCP	79 Outperform	$706.01M	10.43	14.51%	3.09%	4.29%	10.56%
CAC	75 Outperform	$772.84M	11.89	9.49%	3.66%	24.08%	9.83%
CCBG	73 Outperform	$685.65M	11.16	11.90%	2.33%	9.43%	17.64%
GSBC	69 Neutral	$665.65M	9.61	11.18%	2.48%	0.67%	17.88%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
EQBK	63 Neutral	$862.06M	36.74	2.90%	1.34%	6.45%	8.32%
HBNC	57 Neutral	$883.50M	-5.55	-26.60%	3.50%	-78.64%	-913.67%

Capital City Bank Corporate Events

Capital City Bank Releases Q3 2025 Investor Presentation

Capital City Bank Group, Inc. has released its third quarter 2025 Investor Presentation on its website. The presentation materials, provided as Exhibit 99.1, are intended for informational purposes and are not filed under the Securities Exchange Act of 1934.

The most recent analyst rating on (CCBG) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Capital City Bank stock, see the CCBG Stock Forecast page.