CAPITAL CITY BANK GROUP Business Summary

Capital City Bank Group Inc (CCBG) operates as a financial holding company that generates revenue primarily through net interest income from its loan portfolio and a diverse stream of noninterest income. Its business model is anchored by two core segments: Banking Services, which provides traditional commercial and retail credit and deposit products, and Wealth Management Services, encompassing asset management, trust, and securities brokerage. Additionally, the company maintains a significant presence in mortgage banking through its subsidiary, Capital City Home Loans. CCBG distinguishes itself in the regional banking sector by maintaining a high-density footprint across Florida, Georgia, and Alabama, balancing stable rural market shares with strategic expansion into high-growth metropolitan areas. It competes directly with regional peers such as First Busey Corporation, CNB Financial Corporation, and Enterprise Financial Services Corp, positioning itself as a community-focused, high-touch alternative to larger national institutions while leveraging a robust $4.4 billion asset base. Founded in 1895 by George Washington Saxon, the company is defined by a four-generation leadership legacy under the Smith family. The current executive team is led by Chairman and CEO William G. Smith Jr., an FSU alumnus who has steered the group since 1995 and is recognized among Florida’s most influential business leaders. In a landmark 2025 leadership transition, Thomas A. Barron was elevated to President of the Group and Chairman of the Bank, while Bethany H. Corum was appointed as the first female President of Capital City Bank, overseeing its 60+ banking offices. The financial leadership is managed by Executive VP and CFO Jep Larkin, a veteran of the firm since 1986. The board is notable for its deep institutional knowledge and significant insider alignment, with the Smith family maintaining a substantial ownership stake of approximately 17%, ensuring a long-term, stability-oriented governance model that appeals to both retail and institutional investors.