Shares of Capital City Bank Group (CCBG) surged 7.43% in pre-market trading on Monday after the company reported first-quarter earnings that significantly exceeded analyst expectations.

The Tallahassee, Florida-based bank holding company announced earnings of $0.99 per share for Q1 2025, beating the analyst consensus estimate of $0.74 by 33.78%. This represents a substantial increase from $0.74 per share in the same period last year. The company's quarterly revenue also impressed, coming in at $61.45 million, surpassing the analyst estimate of $59.75 million by 2.85% and marking an 8.86% year-over-year growth.

Key highlights from the earnings report include net income attributable to common shareowners of $16.9 million and net interest income of $41.6 million. The company's net interest margin improved to 4.22%, up from 4.01% in the first quarter of 2024. Capital City Bank Group also reported strong deposit growth, with total deposits increasing by $129.1 million, or 3.5%, compared to the previous year. These robust financial results demonstrate the bank's solid performance and effective management strategies, likely contributing to investor enthusiasm and the significant pre-market stock price increase.