---
schema_version: "secwatch.filing_event.v1"
accession: "0000711669-24-000058"
form_type: "8-K"
ticker: "CBAN"
cik: "0000711669"
company_name: "COLONY BANKCORP INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:19:37.990570+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000711669-24-000058
- form_type: 8-K
- ticker: CBAN
- cik: 0000711669
- company_name: COLONY BANKCORP INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711669/000071166924000058/0000711669-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711669/000071166924000058/cban-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000711669-24-000058
- JSON: https://secwatch.observer/filing/0000711669-24-000058.json
- Plain text: https://secwatch.observer/filing/0000711669-24-000058.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/711669/000071166924000058/0000711669-24-000058-index.htm

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