secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000711669-24-000058
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000058/0000711669-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000058/cban-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000711669-24-000058

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