secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000711669-24-000116
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000116/0000711669-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000116/cban-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000711669-24-000116

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