Capital City Bank Group Inc 2025年度报告

ANNUAL SHAREOWNERS’MEETING APRIL 21, 2026 | 10 A.M. E.T. ABOUT CAPITAL CITY BANK GROUP, INC. Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largestpublicly traded financial holding companies headquartered in Florida andhas approximately $4.4 billion in assets. We provide a full range of bankingservices, including traditional deposit and credit services, mortgagebanking, asset management, trust, merchant services, bankcards andsecurities brokerage services. Our bank subsidiary, Capital City Bank, wasfounded in 1895 and now has 62 banking offices and 108 ATMs/ITMs inFlorida, Georgia and Alabama.www.ccbg.com. DEARSHAREOWNERS 2025 was an exceptional year for Capital Cityas we delivered record performance andcreated meaningful value for our shareowners.Throughout the year, we remained true to therelationship banking model that has definedus for generations and to the disciplinedfundamentals that drive consistent, reliableresults. commitment to the communities we serve andthe strategic leadership enhancements madeduring the year. BALANCED GROWTH THROUGHDISCIPLINED EXECUTION Our long-standing commitment to thefundamentals — strong core deposits,disciplined credit management, and prudentliquidity and capital stewardship — continued todrive balanced growth in 2025. Capital City stands in a position of strength. Itis with great pride that I reflect on our progressand with confidence that I look ahead. In comparison to 2024, average depositbalances grew by 1.5%, reflecting our bankers’focus on new client acquisition and deepeningexisting relationships. Credit quality remainedstrong, supported by disciplined underwritingand active portfolio management, and westrengthened our credit loss reserves to 1.22%of total loans. REFLECTING ON THE YEAR This was a milestone year for Capital City. Weachieved record financial results and successfullyexecuted several planned strategic initiatives.Compared to 2024, earnings grew by 16%,reflecting contributions across the organizationand disciplined execution by our teams. Tangiblebook value per share increased 14%, and ourboard demonstrated confidence in ourperformance by increasing the dividend by 14%. Cover photography by Ryan Gamma Photography. Photography by Colin Hackley PhotographyOur liquidity and capital positions remainrobust. The tangible capital ratio improved to10.8% at year-end, and regulatory capital levelscompare favorably to peers. These strengthsprovide flexibility to support future growth andstrategic opportunities. I am proud of the financial outcomes andthe value created for our shareowners. I amequally encouraged by our continuedinvestments in client- and associate-focusedinitiatives, our associates’ unwavering Throughout the year, we advanced initiativesdesigned to deepen household engagement and expand client relationships. By thoughtfullycross-solving and aligning our services to clientneeds, we continue to strengthen our role as atrusted financial partner. Combined with our servicephilosophy centered on exceeding expectations,this relationship-first approach drives loyalty andperformance across our lines of business. I remain actively engaged as chairman and chiefexecutive officer of Capital City Bank Group,focused on corporate strategy, governance andguiding long-term financial performance. Theseleadership enhancements reflect thoughtfulsuccession planning and reinforce our commitmentto stability and continuity. We also saw encouraging growth and return oninvestment in key expansion markets, including theEmerald Coast of Florida and the Northern Arc ofAtlanta, Georgia. The opening of our banking officeon West Bay Parkway in Panama City Beach inJanuary 2025 marked our third expansion in thatmarket since 2020 and reflects continued progressin our strategic market expansion. LOOKING AHEAD As we enter 2026, our priorities are clear:disciplined growth, sustained profitability andstrategic initiatives that create long-term shareownervalue. Our diversified revenue streams, strong creditdiscipline and prudent capital management positionus for continued success. For more than 130 years, Capital City hasnavigated economic cycles and industry change.What has endured is our commitment torelationships. We earn trust by understanding ourclients, supporting their goals and consistentlydoing what is right for them. In an increasinglycompetitive and commoditized industry, this valueproposition remains our most meaningfuldifferentiator and the foundation of our success. OUR PEOPLE AND COMMUNITY COMMITMENT Our strength is rooted in our people and thecommunities we serve. We remain deeplycommitted to supporting hardworking families,small businesses and local institutions that rely on usas a trusted financial partner. Our associates proudly represent the Star,contributing thousands of volunteer hours each yearto nonprofit and community-based organizations.Their dedication reinforces our culture and purpose.In addition, we provide financial supp