---
schema_version: "secwatch.filing_event.v1"
accession: "0000711669-22-000084"
form_type: "8-K"
ticker: "CBAN"
cik: "0000711669"
company_name: "COLONY BANKCORP INC"
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:54:27.123104+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Colony Bankcorp Q1 net income $5.3M ($0.34 EPS); declares $0.1075 dividend; $3M cost savings initiative

## Summary
- Net income of $5.3M ($0.34 diluted EPS) vs $4.2M ($0.30) in Q4 2021 and $4.9M ($0.52) in Q1 2021.
- Operating net income of $5.8M ($0.37 diluted EPS) adjusted for acquisition costs.
- Declared quarterly cash dividend $0.1075/share; payable May 20, 2022 to May 6 record holders.
- Cost initiative to save $3.0M/year starting late Q3 2022; plan to cut 24 jobs and close two branches.
- CFO Tracie Youngblood leaving; Andy Borrmann appointed CFO; $59.3M net from Feb public offering.

## SEC filing metadata
- accession: 0000711669-22-000084
- form_type: 8-K
- ticker: CBAN
- cik: 0000711669
- company_name: COLONY BANKCORP INC
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711669/000071166922000084/0000711669-22-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711669/000071166922000084/cban-20220421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000711669-22-000084
- JSON: https://secwatch.observer/filing/0000711669-22-000084.json
- Plain text: https://secwatch.observer/filing/0000711669-22-000084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.