Capital City Bank Group Posts Higher Q3 Profit as Revenue Slips 2.3%

Capital City Bank Group Inc. (CCBG) reported a rise in third-quarter profit on Tuesday, with net income of $16.94 million, or $0.99 per share, up from $15.95 million, or $0.93 per share, a year earlier. Revenue for the period fell 2.3% to $64.39 million from $65.88 million last year, underscoring a gap between bottom-line growth and top-line performance. The results reflect earnings expansion despite softer revenue, and the company highlighted the figures on a GAAP basis.