Colony Bankcorp Q4 2023 EPS $0.32, NIM narrows to 2.70%; declares $0.1125 dividend

COLONY BANKCORP INC

2023-FY EPS reported $1.24

Net income $5.6M ($0.32 diluted) vs $5.8M ($0.33) Q3 2023; operating EPS $0.31 vs $0.34 prior quarter.
Net interest margin 2.70% vs 3.23% Q4 2022; net interest income down to $19.1M from $21.5M YoY.
Total loans $1.88B (+0.99% QoQ); total deposits $2.54B (-$46.5M QoQ) but customer deposits up $8.6M.
Provision for credit losses $1.5M (vs $1.0M Q3); nonperforming assets $10.7M vs $10.1M; loan loss reserve 0.98%.
Quarterly dividend $0.1125/share payable Feb 21, 2024 to holders of record Feb 7, 2024.

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 the fourth quarter ended December 31, 2023 results: net income Net income decreased to $5.6 million, EPS $0.32 per diluted share.

Period: the fourth quarter ended December 31, 2023
Net income: Net income decreased to $5.6 million
EPS: $0.32 per diluted share
Result: reported results

Exact text from the filing

On January 24, 2024 , Colony Bankcorp, Inc. (the “Company”) issued a press release announcing its consolidated financial results for the fourth quarter ended December 31, 2023, as well as the announcement of a regular quarterly cash dividend.

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Source: SEC EDGAR

accession 0000711669-24-000009

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