Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)         January 26, 2006

                             NBC CAPITAL CORPORATION
             (Exact name of registrant as specified in its charter)

        Mississippi                 1-15773                      64-0694755     
(State or other jurisdiction      (Commission                  (IRS Employer
      of incorporation)           File Number)               Identification No.)

NBC Plaza, Starkville, Mississippi                                      39759
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code         (662) 343-1341

         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On January 26, 2006,  NBC Capital  Corporation  ("NBY")  issued a press  release
announcing financial  information for its fourth quarter and year ended December
31, 2005.  The press release is attached as Exhibit 99.1 to this Form 8-K and is
furnished to, but not filed with, the Commission.

Item 9.01 Financial Statements and Exhibits.

(d)     Exhibits.

        Exhibit Number          Description of Exhibit
        --------------          ----------------------
        99.1                    Press release issued January 26, 2006


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                NBC CAPITAL CORPORATION         

Date: January 26, 2006
                                     By: /s/ Richard T. Haston                  
                                         Richard T. Haston
                                         Executive Vice President,
                                         Chief Financial Officer and Treasurer

                                  EXHIBIT INDEX

Exhibit         Description
-------         -----------

99.1            Press Release dated January 26, 2006