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TALLAHASSEE - Capital City Bank announced Thursday that William G. Smith III has been appointed to its board of directors, continuing a family tradition that spans four generations. The appointment comes as the bank demonstrates strong financial performance, with InvestingPro data showing a 54.5% stock return over the past year and an impressive revenue growth of 6.6%.
Smith, who currently serves as the bank’s chief lending officer, has been with Capital City Bank for 18 years. In his current role, he is responsible for overseeing the bank’s lending strategies and operations.
"I have witnessed firsthand his growth, dedication and leadership," said Tom Barron, Capital City Bank Group president and chairman of the Capital City Bank Board of Directors, in a press release statement.
The appointment extends a family legacy that began in 1919 when William Henry Smith joined the board. His widow, Fanny Smith, was elected to the board in 1937 alongside her son, Godfrey Smith, who served the bank for 62 years. William G. Smith Jr., the current Capital City Bank Group Chairman and CEO, has been with the bank since 1978 and joined the board in 1995.
Smith III joined Capital City Bank in 2007 and has held various leadership positions. He served as market president for Leon County from 2020 to 2023 before being promoted to North Florida Region executive. In January 2025, he was appointed chief lending officer.
Capital City Bank Group (NASDAQ:CCBG) is a financial holding company headquartered in Florida with approximately $4.5 billion in assets. The bank operates 62 banking offices and 105 ATMs/ITMs across Florida, Georgia and Alabama.
In other recent news, Capital City Bank Group reported significant developments, including a notable leadership change and financial performance updates. The bank announced that Bethany Corum will become the first female president of Capital City Bank on July 1, 2025, succeeding Tom Barron. Barron will take on the roles of president of Capital City Bank Group and chairman of the bank’s board. Additionally, the bank held its 2025 Annual Meeting of Shareholders, where all incumbent directors were re-elected, and Forvis Mazars, LLP was ratified as the independent auditor for the fiscal year 2025.
Keefe, Bruyette & Woods analyst Wood Lay recently adjusted the price target for Capital City Bank Group to $43.00 from $44.00, maintaining an Outperform rating. This adjustment follows a strong first-quarter performance in 2025, highlighted by an improved pre-provision net revenue and a 5 basis point increase in the net interest margin to 4.22%. The bank’s return on assets for the first quarter was reported at 1.3%, with clean credit trends and a tangible common equity ratio of 9.6%. Lay also revised the earnings estimates for 2025 and 2026, raising them to $3.23 and $3.30 per share, respectively, due to better-than-expected net interest income. Despite these positive indicators, the price target was adjusted downward, reflecting a 13.0 times multiple of the projected 2026 earnings.
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