Colony Bankcorp Q1 net income $5.0M ($0.29 EPS), loans up 3.6% QoQ; dividend $0.11

COLONY BANKCORP INC

2023-Q1 EPS reported $0.29

Net income $5.0M ($0.29 diluted EPS); adjusted EPS $0.31; vs Q4 2022 $5.6M ($0.31) and Q1 2022 $5.3M ($0.34).
Total loans $1.80B, up $62.7M (3.61%) QoQ; deposits $2.52B, up $25.1M QoQ.
Declared quarterly cash dividend $0.11/share, payable May 24, record May 10.
Liquidity: ~$1.3B available sources; no overnight borrowings or Fed Term Funding used.
Provision for credit losses $900k; nonperforming assets $7.8M (up from $6.4M); reserve 0.92%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COLONY BANKCORP INC reported first quarter of 2023 results: net income $5.0 million, EPS $0.29 per diluted share.

Period: first quarter of 2023
Net income: $5.0 million
EPS: $0.29 per diluted share
Result: reported results

Exact text from the filing

Net income decreased to $5.0 million, or $0.29 per diluted share, for the first quarter of 2023

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COLONY BANKCORP INC filing history →

Source: SEC EDGAR

accession 0000711669-23-000073

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