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Colony Bankcorp Inc (NASDAQ: CBAN) is a prominent single bank holding company headquartered in Fitzgerald, Georgia, with an asset portfolio of $1.15 billion. The company operates twenty-nine branch locations across central and south Georgia, serving major cities such as Albany, Ashburn, Broxton, Centerville, Chester, Columbus, Cordele, Douglas, Eastman, Fitzgerald, Leesburg, Moultrie, Pitts, Quitman, Rochelle, Savannah, Soperton, Sylvester, Thomaston, Tifton, Valdosta, and Warner Robins.
Colony Bankcorp Inc offers a comprehensive suite of banking services tailored to meet the needs of both retail and commercial clients. The company’s core offerings encompass a broad range of loan products, including loans to small and medium-sized enterprises, residential and commercial construction loans, land development loans, commercial real estate loans, agri-business and production loans, and residential mortgage loans. Additionally, they provide consumer loans and a variety of deposit products, such as demand, savings, and time deposits.
The company operates through several key segments, including the Banking Division, the Retail Mortgage Division, and specialized small business lending. A significant portion of Colony Bankcorp’s revenue is generated from its Banking Division, which underscores its robust banking operations.
Recent achievements include strategic expansions and service enhancements to better serve their client base. For instance, the company has been actively engaging in partnerships to innovate and expand digital banking services, aimed at providing more convenience to their customers. Their customer-centric approach and commitment to community banking have helped them maintain a solid financial condition and foster trust among their clients.
For the latest updates on Colony Bankcorp Inc, including financial performance, recent events, and new developments, browse through the most recent news articles and press releases available on our website.
Colony Bankcorp, Inc. (NASDAQ: CBAN) will announce its first quarter 2023 financial results on April 27, 2023, after the market closes. A live conference call is scheduled for April 28, 2023, at 9:00 am EDT. Participants can join the conference by calling 1-833-470-1428 using access code 759681. The replay will be available until May 5, 2023. Colony Bankcorp, headquartered in Fitzgerald, Georgia, operates 36 locations across Georgia and Alabama, providing a range of banking services and consumer insurance products. More information will be available on their website.
Colony Bankcorp, Inc. (Nasdaq: CBAN) announced a quarterly cash dividend of $0.11 per share and reported a fourth-quarter net income of $5.6 million, up from $5.3 million in Q3 2022. Total loans increased by 9.49% to $1.74 billion, with SBA loans showing growth, totaling $75.1 million for the year. However, net interest margin decreased slightly as higher-cost borrowings funded loan growth. Noninterest income fell by 28.9%, primarily due to reduced mortgage fee income. Despite a slight rise in nonperforming assets to $6.4 million, overall asset quality remains stable. The Company is searching for a new CFO following recent executive changes.
Colony Bankcorp, Inc. (NASDAQ: CBAN) will release its fourth quarter 2022 financial results on January 26, 2023, after market close. A live conference call to discuss these results is scheduled for January 27, 2023, at 9:00 am EST. The call can be accessed by dialing 1-844-200-6205 and entering the access code 430149. A replay will be available until February 3, 2023. Financial results and investor presentations will be accessible on the Company's website.
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