Capital City Bank names first female president

TALLAHASSEE - Capital City Bank Group (NASDAQ:CCBG), currently trading at $37.49 and considered undervalued according to InvestingPro analysis, has appointed Bethany Corum as the new president of Capital City Bank, marking a historic moment as she becomes the first female to hold the position in the bank’s 130-year history. Corum will assume her new role on July 1, 2025, succeeding Tom Barron, who has been named president of Capital City Bank Group and chairman of the bank’s board of directors, also effective July 1, 2025.

Corum brings extensive experience to her new position, having served as chief operating officer since 2015. Her responsibilities included overseeing commercial lending, retail market management, wealth management, and several operational departments. Her leadership has been recognized nationally, contributing to the bank’s reputation as an exceptional place to work.

Barron, with a 51-year tenure at Capital City Bank, including 30 years as president, has been instrumental in shaping the company’s legacy. His leadership has guided the bank through significant industry changes and growth phases. In his new roles, Barron will continue to be actively involved in the bank’s management and strategic growth.

William G. Smith Jr. remains as chairman and CEO of Capital City Bank Group, focusing on corporate strategy, governance, and the company’s financial performance. This leadership restructuring reflects a strategic move to diversify executive roles and strengthen management for future growth.

Corum’s career began with the Florida Bankers Association before joining Capital City Bank in 2006. Her community involvement is extensive, currently serving in leadership roles with several local organizations. Barron, an MBA graduate from Florida State University, has also been a prominent community figure, holding various board positions and demonstrating a commitment to local advocacy.

Capital City Bank Group, with approximately $4.5 billion in assets and a market capitalization of $639 million, operates 62 banking offices and 105 ATMs/ITMs across Florida, Georgia, and Alabama, offering a wide range of financial services. The bank has demonstrated strong financial health with a P/E ratio of 11.2 and has maintained dividend payments for 12 consecutive years, including a 14.3% dividend growth in the past year. InvestingPro subscribers can access additional insights, including 7 more exclusive ProTips about CCBG’s financial outlook and performance metrics.

This leadership transition is announced as part of a press release statement from Capital City Bank Group.

In other recent news, Capital City Bank Group announced the results of its 2025 Annual Meeting of Shareholders, where all incumbent director nominees were elected without opposition, and Forvis Mazars, LLP was ratified as the independent auditor for the fiscal year 2025. This development followed a strong first-quarter performance, as noted by Keefe, Bruyette & Woods analyst Wood Lay, who adjusted the bank’s stock price target to $43 from $44 while maintaining an Outperform rating. The bank’s net interest margin expanded to 4.22%, and fees increased due to positive trends in mortgage and wealth management services. Capital City Bank also reported a tangible common equity ratio of 9.6% and a return on assets of 1.3% for the first quarter. Analyst Lay revised the earnings estimates for 2025 and 2026 upwards, citing better-than-expected net interest income. The 2025 earnings forecast was increased to $3.23 per share, up from $3.05, and the 2026 estimate was raised to $3.30 per share from $3.20. Despite these positive indicators, the price target was lowered to reflect a multiple of the bank’s projected earnings and tangible book value. Lay expressed confidence in Capital City Bank’s business model amid the current macroeconomic uncertainties.

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