earnings
confidence high
sentiment neutral
materiality 0.65
Colony Bankcorp Q3 net income $5.3M ($0.30/diluted); declares $0.1075 dividend and $12M buyback
COLONY BANKCORP INC
2022-Q3 EPS reported
$0.82
- Net income $5.3M ($0.30 diluted EPS) vs Q2 $3.4M ($0.19); operating EPS $0.30 stable sequentially.
- Total loans $1.59B, +9.21% QoQ; provision for loan losses $1.3M vs $1.1M in Q2.
- Board authorized $12M stock buyback program (~5% of shares) through end of 2023.
- Quarterly dividend $0.1075/share, payable Nov 18, 2022 to holders of record Nov 4.
- Nonperforming assets $5.5M; net charge-offs 0.05% of avg loans.