earnings
confidence high
sentiment positive
materiality 0.65
Colony Bankcorp Q3 2021 net income $5.6M ($0.45 EPS); operating EPS $0.57; declares $0.1025 dividend
COLONY BANKCORP INC
2021-Q3 EPS reported
$1.39
- Net income $5.6M ($0.45 diluted EPS); operating net income $7.1M ($0.57 diluted EPS) vs $3.1M ($0.33) YoY.
- Quarterly cash dividend of $0.1025 per share declared, payable Nov 17, 2021 to holders of record Nov 3.
- Provision for loan losses decreased 86% YoY to $150K; net interest margin rose 14 bps to 3.48%.
- Total assets $2.5B (+42.8% YoY); deposits $2.20B (+55.0%), driven by SouthCrest acquisition.
- Mortgage production $89.4M; SBSL closed $26.1M in SBA loans; nonperforming assets 0.52% of total assets.