secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000711669-23-000154
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166923000154/0000711669-23-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166923000154/cban-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000711669-23-000154

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