secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2022-10-21T23:59:59+00:00
Accession:  0000711669-22-000173
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp Q3 net income $5.3M ($0.30/diluted); declares $0.1075 dividend and $12M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000173/0000711669-22-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000173/cban-20221020.htm
  HTML page:      https://secwatch.observer/filing/0000711669-22-000173

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