Business Description

Capital City Bank Group, Inc. (“CCBG”) is a financial holding company headquartered in Tallahassee, Florida. CCBG was incorporated under Florida law on December 13, 1982, to acquire five national banks and one state bank that all subsequently became part of CCBG’s bank subsidiary, Capital City Bank (“CCB” or the “Bank”). The Bank commenced operations in 1895. In this report, the terms “Company,” “we,” “us,” or “our” mean CCBG and all subsidiaries included in our consolidated financial statements. CCBG is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4. 4 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. The Bank has 62 banking offices and 108 ATMs/ITMs in Florida, Georgia, and Alabama. Through Capital City Home Loans, LLC (“CCHL”), we have 28 additional offices in the Southeast for our mortgage banking business. The majority of the revenue, approximately 81%, is derived from our Florida market areas while approximately 17% and 2% of the revenue is derived from our Georgia and other market areas, respectively. Below is a summary of our financial condition and results of operations for the past three fiscal years, which we believe is a sufficient period for understanding our general business development. Our financial condition and results of operations are more fully discussed in our Management’s Discussion and Analysis on page 45 and our consolidated financial statements on page 70. Dollars in millions Year Ended December 31, Assets Deposits Shareowners’ Equity Revenue (1) Net Income 2025 $4,385.8 $3,662.3 $552.9 $286.7 $61.6 2024 $4,324.9 $3,672.0 $495.3 $270.6 $52.9 2023 $4,304.5 $3,701.8 $440.6 $252.7 $52.3 (1) Revenue represents interest income plus noninterest income Dividends and management fees received from the Bank are CCBG’s primary source of income. Dividend payments by the Bank to CCBG depend on the capitalization, earnings and projected growth of the Bank, and are limited by various regulatory restrictions, including compliance with a minimum Common Equity Tier 1 Capital conservation buffer. See the section entitled “Regulatory Considerations” in this Item 1 and Note 17 in the Notes to Consolidated Financial Statements for a discussion of the restrictions. Item 6 contains other financial and statistical information about us. Subsidiaries of CCBG CCBG’s principal asset is the capital stock of CCB, our wholly owned banking subsidiary, which accounted for nearly 100% of consolidated assets and net income attributable to CCBG at December 31, 2025. CCBG previously maintained an insurance subsidiary, Capital City Strategic Wealth, LLC, which was sold in August 2025. CCB has three primary subsidiaries, Capital City Trust Company and Capital City Banc Investments, Inc. (or “Capital City Investments”) which are wholly owned, and CCHL which became wholly owned effective January 1, 2025. Operating Segment We have one reportable segment with two principal services: Banking Services and Wealth Management Services. Banking Services are operated at CCB, and Wealth Management Services are operated under two divisions (Capital City Trust Company and Capital City Investments). Revenues from these principal services for the year ended 2025 totaled approximately 92.8% and 7.2% of our total revenue, respectively. In 2024 and 2023, Banking Services (CCB) revenue was approximately 92.6% and 93.5% of our total revenue for each respective year. 6 Capital City Bank CCB is a Florida-chartered full-service bank engaged in the commercial and retail banking business. Significant services offered by CCB include: ● Business Banking – We provide banking services to corporations and other business clients. Credit products are available for a wide variety of general business purposes, including financing for commercial business properties, equipment, inventories and accounts receivable, as well as commercial leasing and letters of credit.…