Colony Bankcorp Q2 net income $5.5M ($0.31 EPS); declares $0.1125 dividend

COLONY BANKCORP INC

2024-Q2 EPS reported $0.62

Net income of $5.5M ($0.31 diluted EPS) vs $5.3M ($0.30) in Q2 2023; adjusted EPS $0.34.
Quarterly cash dividend of $0.1125 per share payable Aug 21, 2024 to holders of record Aug 7.
Total loans $1.87B (+$6.6M QoQ); total deposits $2.46B (-$62.5M QoQ).
Provision for credit losses $650K vs $1.0M in Q1 2024; nonperforming assets $7.3M.
CEO Heath Fountain enters new 3-year employment agreement with base salary of $499,550.

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