Quarterly ResultMay 8, 2026, 11:07 AM
Colony Bankcorp Q1 Net Income +24% to $8.20M; EPS $0.39
AI Summary
Colony Bankcorp reported a significant increase in net income and net interest income for the first quarter of 2026. Net income rose 24.06% year-over-year to $8.20 million, with basic and diluted EPS reaching $0.39. The company also saw strong growth in its loan portfolio, while total assets and deposits experienced minor quarter-over-quarter adjustments. Dividends declared per share also increased.
Key Highlights
- Net income for Q1 2026 increased 24.06% to $8.20 million compared to Q1 2025.
- Basic and diluted earnings per share rose to $0.39 for Q1 2026 from $0.38 in Q1 2025.
- Net interest income grew 39.38% to $29.20 million for the three months ended March 31, 2026.
- Total loans, net, increased to $2.39 billion as of March 31, 2026, from $2.36 billion at December 31, 2025.
- Total deposits were $3.05 billion as of March 31, 2026, a slight decrease from $3.07 billion at December 31, 2025.
- Dividends declared per share increased to $0.1200 for Q1 2026 from $0.1150 in Q1 2025.
- Provision for credit losses increased to $1.75 million in Q1 2026 from $1.50 million in Q1 2025.