Colony Bankcorp Q3 net income $5.8M ($0.33 EPS); declares $0.11 dividend

COLONY BANKCORP INC

2023-Q3 EPS reported $0.92

Net income $5.8M, $0.33 diluted EPS, up from $5.3M ($0.30) in Q2 2023 and Q3 2022.
Quarterly dividend $0.11/share declared; payable Nov 22, record Nov 8.
Net interest margin fell to 2.78% from 3.26% YoY; provision for credit losses rose to $1.0M.
Loans grew 1.42% QoQ to $1.86B; deposits dropped $35.9M to $2.59B; nonperforming assets decreased to $10.1M.
Management expects conservative loan growth; NIM flat to slightly down next 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 third quarter ended September 30, 2023 results: net income $5.8 million, EPS $0.33 per diluted share.

Period: third quarter ended September 30, 2023
Net income: $5.8 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

Colony Bankcorp, Inc. (the “Company”) issued a press release announcing its consolidated financial results for the third quarter ended September 30, 2023

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Source: SEC EDGAR

accession 0000711669-23-000154

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