Colony Bankcorp Q1 net income $5.3M ($0.30 EPS); dividend raised to $0.1125/share

COLONY BANKCORP INC

2024-Q1 EPS reported $0.30

Net income $5.3M, down 5.4% QoQ from $5.6M, but up 6% YoY from $5.0M.
Adjusted EPS $0.33, up from $0.31 prior quarter and prior year quarter.
Net interest margin narrowed to 2.69% from 3.08% a year ago; loans decreased $24.5M to $1.86B.
Board declared quarterly dividend of $0.1125/share, payable May 22 to record May 8.
SBSL pre-tax profit improved to $1.1M; mortgage production $50.1M.

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 first quarter ended March 31, 2024 results: net income $5.3 million, EPS $0.30 per diluted share.

Period: the first quarter ended March 31, 2024
Net income: $5.3 million
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

Net income decreased to $5.3 million, or $0.30 per diluted share, for the first quarter of 2024, compared to $5.6 million, or $0.32 per diluted share, for the fourth quarter of 2023, but increased from the first quarter of 2023 net income of $5.0 million, or $0.29 per diluted share.

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Source: SEC EDGAR

accession 0000711669-24-000058

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