Colony Bankcorp Q3 GAAP EPS $0.32; NIM 2.64%, NPAs jump to $12.5M

COLONY BANKCORP INC

2024-Q3 EPS reported $0.94

Q3 2024 GAAP net income $5.6M ($0.32 diluted EPS); operating net income $6.2M ($0.35 adjusted EPS).
Net interest margin 2.64% vs 2.78% YoY; noninterest income $10.1M, up 3.75% YoY.
Total loans $1.89B (+1.1% QoQ); total deposits $2.52B (+$64.7M QoQ).
Nonperforming assets $12.5M vs $7.3M Q2, increase of $5.2M.
Board declared $0.1125 quarterly dividend, payable Nov 20, record Nov 6.

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