Colony Bankcorp Q2 net income $5.3M ($0.30 EPS); dividend $0.11/share

COLONY BANKCORP INC

2023-Q2 EPS reported $0.59

Net income $5.3M, $0.30 diluted EPS; adjusted EPS $0.33, up from $0.29 Q1 2023 and $0.19 Q2 2022.
Net interest margin 2.77%, down 38 bps from 3.15% a year ago; NII tax-equivalent $19.3M flat YoY.
Total loans $1.84B (+2.17% QoQ); deposits $2.63B (+$111M QoQ); nonperforming assets $11.9M (up $4.1M).
Quarterly cash dividend $0.11/share declared, payable Aug 23, record Aug 9; 41,481 shares repurchased at avg $9.78.
Reduced workforce by 23 employees, saving $2.5M/year; provision for credit losses $200K, down from $900K prior quarter.

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 0.95

COLONY BANKCORP INC reported the second quarter ended June 30, 2023 results: net income increased to $5.3 million, or $0.30 per diluted share, EPS $0.30 per diluted share.

Period: the second quarter ended June 30, 2023
Net income: increased to $5.3 million, or $0.30 per diluted share
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

On July 26, 2023 , Colony Bankcorp, Inc. (the “Company”) issued a press release announcing its consolidated financial results for the second quarter ended June 30, 2023

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Source: SEC EDGAR

accession 0000711669-23-000114

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