---
schema_version: "secwatch.filing_event.v1"
accession: "0000711669-24-000009"
form_type: "8-K"
ticker: "CBAN"
cik: "0000711669"
company_name: "COLONY BANKCORP INC"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:34:20.559472+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000711669-24-000009
- form_type: 8-K
- ticker: CBAN
- cik: 0000711669
- company_name: COLONY BANKCORP INC
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711669/000071166924000009/0000711669-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711669/000071166924000009/cban-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000711669-24-000009
- JSON: https://secwatch.observer/filing/0000711669-24-000009.json
- Plain text: https://secwatch.observer/filing/0000711669-24-000009.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/711669/000071166924000009/0000711669-24-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.