Colony Bankcorp, Inc. Announces That KBRA Affirms the Company’s Ratings

Rhea-AI Summary

Colony Bankcorp (NYSE: CBAN) received affirmation of its credit ratings from Kroll Bond Rating Agency (KBRA) on March 27, 2025. The ratings include a BBB rating for senior unsecured debt, BBB- for subordinated debt, and K3 for short-term debt. KBRA maintained a Stable outlook for all long-term ratings, highlighting the company's strong deposit franchise, diverse revenue streams, and stable loan portfolio credit profile.

Positive

• Maintained BBB investment-grade rating for senior unsecured debt
• Stable outlook affirmed for all long-term ratings
• Strong deposit franchise acknowledged by KBRA
• Diversified revenue streams recognized
• Stable loan portfolio credit profile

Negative

• None.

FITZGERALD, Ga.--(BUSINESS WIRE)-- Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) announced today that the Company's ratings were affirmed by the Kroll Bond Rating Agency (KBRA) in its press release dated March 27, 2025. KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for the Company. KBRA indicated a Stable outlook for all long-term ratings and among its key credit considerations, cited favorable views of the Company’s durable deposit franchise, diversified revenue stream, and stability of the loan portfolio credit profile.

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia as well as in Birmingham, Alabama; Tallahassee, Florida; and the Florida Panhandle. Colony Bank offers a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony provides specialized solutions including mortgage lending, government guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony’s common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “CBAN.” For more information, please visit www.colony.bank. You can also follow the Company on social media.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250327813008/en/

For additional information, contact:

Derek Shelnutt

EVP & Chief Financial Officer

229-426-6000 ext. 6119

Source: Colony Bankcorp, Inc.

FAQ

What ratings did KBRA assign to Colony Bankcorp (CBAN) in March 2025?

KBRA affirmed BBB for senior unsecured debt, BBB- for subordinated debt, and K3 for short-term debt ratings with a Stable outlook.

What factors did KBRA cite as key credit considerations for Colony Bankcorp's ratings?

KBRA cited Colony's durable deposit franchise, diversified revenue stream, and stability of the loan portfolio credit profile.

What is the outlook for Colony Bankcorp's (CBAN) long-term ratings?

KBRA maintained a Stable outlook for all of Colony Bankcorp's long-term ratings.

When did KBRA announce its latest rating affirmation for Colony Bankcorp (CBAN)?

KBRA announced its rating affirmation for Colony Bankcorp on March 27, 2025.