secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000711669-24-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000009/0000711669-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000009/cban-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000711669-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer