Colony Bankcorp Inc’s (NYSE: NYSE: CBAN ) earnings for the last two quarters have exceeded my expectations given in my last report on the company. I’m now expecting the company to report an EPS of $1.59 for 2025, up from myAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (ot ...

Financial Performance - The company reported net income of $6.6 million, or $0.38 per diluted share, for Q1 2025, compared to net income of $5.3 million, or $0.30 per diluted share, for Q1 2024, reflecting an increase of 24.53% in net income[210]. - Noninterest income for Q1 2025 was $9.0 million, a decrease of $443,000, or 4.67%, from Q1 2024, primarily due to declines in service charges and gains on sales of loans[214]. - Total noninterest income decreased to $9.044 million for the three months ended March 31, 2025, down 4.7% from $9.487 million in 2024[236]. - Mortgage fee income increased by 26.4% to $1.579 million for the three months ended March 31, 2025, compared to $1.249 million in 2024[236]. - The effective tax rate for the three months ended March 31, 2025 was 20.1%, a decrease from 20.9% for the same period in 2024[252]. Asset and Liability Management - As of March 31, 2025, the company had total consolidated assets of $3.2 billion, total loans of $1.9 billion, total deposits of $2.6 billion, and stockholders' equity of $286.9 million[210]. - Total assets increased to $3.2 billion as of March 31, 2025, up from $3.1 billion at December 31, 2024[253]. - Total loans outstanding increased to $1.92 billion at March 31, 2025, a rise of $78.3 million or 4.25% from $1.84 billion at December 31, 2024[254]. - Total deposits increased by $54.6 million to $2.622 billion at March 31, 2025, compared to $2.568 billion at December 31, 2024, with noninterest-bearing deposits comprising 17.2% of total deposits[275]. - Cash and cash equivalents decreased to $221.2 million at March 31, 2025, from $231.0 million at December 31, 2024, primarily due to increases in loans[284]. Interest Income and Expense - Net interest income on a tax-equivalent basis increased to $21.1 million for Q1 2025, up from $18.8 million in Q1 2024, representing a growth of 12.23%[211]. - Fully taxable equivalent net interest income increased to $21.1 million in Q1 2025 from $18.8 million in Q1 2024, reflecting a growth of 12.83%[225]. - The net interest margin improved to 2.93% in Q1 2025 from 2.69% in Q1 2024, primarily due to increases in loan and deposit rates[225]. - Income on interest-earning assets increased by $2.2 million to $35.7 million for Q1 2025 compared to the same period in 2024[211]. - Expense on interest-bearing liabilities decreased by $83,000 to $14.6 million for Q1 2025 compared to Q1 2024[211]. Credit Losses and Nonperforming Assets - Provision for credit losses for Q1 2025 was $1.5 million, compared to $1.0 million in Q1 2024, indicating a 50% increase in provisions[212]. - Nonperforming assets were $13.0 million, or 0.41% of total assets, as of March 31, 2025, compared to $11.3 million, or 0.36% of total assets, at December 31, 2024[212]. - The allowance for credit losses on loans was $20.0 million, or 1.04% of total loans, as of March 31, 2025, compared to $19.0 million, or 1.03% of total loans, at December 31, 2024[212]. - The Company reported an increase in net charge-offs to $606,000 for the three months ended March 31, 2025, compared to $664,000 for the same period in 2024, with a net charge-off to average loans ratio of 0.13%[267]. - Nonaccrual loans as a percentage of total loans increased to 0.65% at March 31, 2025, from 0.58% at December 31, 2024[272]. Regulatory Capital and Liquidity - The Company and the Bank exceeded all regulatory capital requirements and were considered "well-capitalized" as of March 31, 2025, and December 31, 2024[289]. - Common equity tier 1 capital (CET1) ratio was 12.62% as of March 31, 2025, compared to 13.08% as of December 31, 2024[291]. - Tier 1 risk-based capital ratio decreased from 14.26% on December 31, 2024, to 13.75% on March 31, 2025[291]. - Total risk-based capital ratio declined from 17.10% as of December 31, 2024, to 16.52% as of March 31, 2025[291]. - The leverage ratio was 9.43% as of March 31, 2025, slightly down from 9.50% as of December 31, 2024[291]. Interest Rate Risk Management - A 200 basis point increase in interest rates would result in a 5.59% increase in net interest income as of March 31, 2025[295]. - A 100 basis point decrease in interest rates would lead to a decrease of 1.16% in net interest income as of March 31, 2025[295]. - The Company operates under an Asset Liability Management Policy to manage interest rate risk, approved by the Asset/Liability Management Committee[293]. - The Company continues to monitor interest rate risk and implement strategies to achieve its risk objectives[293]. - There were no material changes to market risk disclosures during the period covered by the report[296].

Colony Bankcorp, Inc. (NYSE:CBAN) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Brantley Collins – Communications Manager Heath Fountain – Chief Executive Officer Derek Shelnutt – Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Colony Bank First Quarter 2025 Conference Call. At this time all lines are in listen-only mode. Following the presentation, we will conduct a question-a ...

2 2 0 5 E A R S Y INVESTOR PRESENTATION First Quarter 2025 CAUTIONARY STATEMENTS This presentation contains "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be contained in Colony Bankcorp, Inc's (the "Company") future filings with the Securities and Exchange Commission (the "SEC"), in press releases, and in oral ...

Colony Bankcorp (CBAN) Q1 2025 Earnings Call April 24, 2025 09:00 AM ET Company Participants Brantley Collins - Communication SpecialistHeath Fountain - CEODerek Shelnutt - Executive VP & CFO Operator Good morning, ladies and gentlemen, and welcome to the Colony Bank first quarter '20 '20 '5 conference call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call require immediate assistance, please dial 0. ...

Group 1: Earnings Performance - Colony Bankcorp reported quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share, but showing an increase from $0.33 per share a year ago, representing an earnings surprise of -5% [1] - The company posted revenues of $30 million for the quarter, missing the Zacks Consensus Estimate by 3.92%, compared to year-ago revenues of $28.14 million [2] - Over the last four quarters, Colony Bankcorp has surpassed consensus EPS estimates three times [2] Group 2: Stock Performance and Outlook - Colony Bankcorp shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $31.86 million, and for the current fiscal year, it is $1.71 on revenues of $128.12 million [7] - The Zacks Rank for Colony Bankcorp is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Banks - Southeast industry, to which Colony Bankcorp belongs, is currently in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]

Financial Performance - Net income for Q1 2025 was $6.6 million, or $0.38 per diluted share, compared to $7.4 million, or $0.42 per diluted share in Q4 2024, and $5.3 million, or $0.30 per diluted share in Q1 2024[7]. - Net income for Q1 2025 was $6,613,000, down 11.03% from $7,432,000 in Q4 2024[24]. - Net income for Q1 2025 was $6,613,000, compared to $5,333,000 in Q1 2024, reflecting an increase of 24.0%[29]. - Earnings per share for Q1 2025 were $0.38, up from $0.30 in Q1 2024, representing a growth of 26.7%[29]. - Earnings per share for Q1 2025 were $0.38, down from $0.42 in Q4 2024, reflecting a decrease of 9.5%[30]. - Operating net income for Q1 2025 was $6,613,000, up from $7,756,000 in Q4 2024[22]. Loan and Deposit Growth - Total loans reached $1.92 billion at March 31, 2025, an increase of $78.3 million, or 4.25%, from the previous quarter[7]. - Total deposits increased to $2.62 billion at March 31, 2025, up by $54.6 million from $2.57 billion at December 31, 2024[11]. - Total deposits increased to $2,622,531,000 in Q1 2025 from $2,567,943,000 at the end of 2024, a rise of 2.1%[28]. - Core loans for Q1 2025 reached $1,808,879,000, an increase of 5.1% from $1,720,444,000 in Q4 2024[33]. Income and Expense Analysis - Net interest income for Q1 2025 was $21.1 million, compared to $18.8 million for the same period in 2024, reflecting an increase in interest earning assets[11]. - Noninterest income totaled $9.0 million for Q1 2025, a decrease of $443,000, or 4.67%, compared to Q1 2024[11]. - Operating noninterest income for Q1 2025 was $9,044,000, a decrease from $10,710,000 in Q4 2024[22]. - Operating noninterest expense for Q1 2025 was $20,221,000, compared to $21,272,000 in Q4 2024[22]. - Total noninterest expenses for Q1 2025 were $20,221,000, slightly down from $20,397,000 in Q1 2024, a decrease of 0.9%[29]. Credit Quality and Loss Provisions - The provision for credit losses was $1.5 million in Q1 2025, compared to $650,000 in Q4 2024 and $1.0 million in Q1 2024[7]. - Nonperforming assets increased to $13.0 million at March 31, 2025, from $11.3 million at December 31, 2024[11]. - The credit loss reserve was $20.0 million, or 1.04% of total loans, at March 31, 2025, compared to $19.0 million, or 1.03% of total loans at December 31, 2024[11]. - Total nonperforming loans (NPLs) rose to $12,478,000 in Q1 2025, up 15.39% from $10,812,000 in Q4 2024[25]. - The provision for credit losses in Q1 2025 was $1,500,000, significantly higher than $650,000 in Q4 2024, indicating increased risk management measures[30]. Operational Efficiency - Efficiency ratio for Q1 2025 was 67.41%, an improvement from 67.80% in Q4 2024[23]. - Operating return on average assets for Q1 2025 was 0.85%, slightly down from 0.99% in Q4 2024[22]. - Operating net noninterest expense to average assets ratio for Q1 2025 was 1.44%, compared to 1.35% in Q4 2024[23]. - The efficiency ratio improved to 67.41% in Q1 2025 from 69.11% in Q4 2024, indicating better cost management[24]. Asset Growth - Total assets increased to $3,171,825,000 in Q1 2025 from $3,109,782,000 in Q4 2024, reflecting a growth of 1.93%[25]. - Total assets as of March 31, 2025, reached $3,171,825,000, up from $3,109,782,000 at the end of 2024, indicating a growth of 2.0%[28]. - Tangible book value per common share increased to $13.46 in Q1 2025 from $12.95 in Q4 2024[22]. Dividend Declaration - The company declared a quarterly cash dividend of $0.1150 per share, to be paid on May 21, 2025[4]. - Cash dividends declared per share increased to $0.1150 in Q1 2025 from $0.1125 in Q4 2024, reflecting a 2.22% increase[24]. Acquisition - Colony completed the acquisition of the Ellerbee Agency in April 2025, which is expected to enhance its insurance operations[6].

Financial Performance and Capital Management - The Company completed a private placement of $39.5 million in subordinated notes with a fixed rate of 5.25% for the first five years, resetting quarterly thereafter[27]. - As of December 31, 2024, the Company had repurchased a total of 171,481 shares for $2,249,000, leaving $9,751,000 available for further repurchases under the stock buyback program[29]. - The Company surpassed the $3 billion asset threshold in 2023, which requires compliance with minimum regulatory capital levels[62]. - The Company is required to maintain a minimum Tier 1 risk-based capital ratio of 6.0% and a total risk-based capital ratio of 10.0% to be considered well-capitalized[60]. - As of December 31, 2024, the Company's and the Bank's regulatory capital ratios were above the applicable well-capitalized standards and met the then-applicable capital conservation buffer[63]. - The capital conservation buffer of 2.5% must be maintained above each minimum capital ratio requirement to allow for dividend payments and share buybacks[57]. - The Company must seek approval from the Georgia Department of Banking and Finance to pay dividends if certain capital ratios are not met[67]. Regulatory Compliance and Governance - The Company recognizes the importance of compliance with governmental and regulatory requirements, including the Dodd-Frank Act[40]. - The Company must comply with various corporate governance and financial reporting requirements under the Sarbanes-Oxley Act of 2002[49]. - The Dodd-Frank Act mandates that public companies provide shareholders with advisory votes on executive compensation at least every three years[52]. - The Company is subject to oversight by the SEC, FINRA, PCAOB, and various state securities regulators[53]. - The Federal Reserve has not yet revised the well-capitalized standard for bank holding companies to reflect higher capital requirements[60]. - The Company has undertaken efforts to ensure that incentive compensation plans do not encourage inappropriate risks, consistent with regulatory principles[51]. Banking Operations and Market Environment - The Bank operates through 34 offices across Georgia and has a corporate banking office in Birmingham, Alabama, and a loan production office in Tallahassee, Florida[26]. - The banking industry is highly competitive, with pressures from larger regional banks, smaller community banks, and nonbank financial institutions[30]. - The Company maintains correspondent relationships with several banks to facilitate business transactions in markets without a physical presence[32]. - The Company offers a variety of deposit products designed to meet the needs of individuals and businesses, focusing on expanding core deposits[25]. Employee and Talent Management - The Company had a total of 465 employees as of December 31, 2024, with 455 being full-time equivalent employees[34]. - The Company emphasizes talent acquisition, development, and retention as a strategic priority, focusing on inclusivity and professional development initiatives[35]. Risk Management and Credit Regulations - The Bank is required to notify regulators within 36 hours of a "computer-security incident" that qualifies as a "notification incident"[90]. - The CFPB's ATR/QM rule requires lenders to consider income, employment status, assets, payment amounts, and credit history before mortgage approval[91]. - Qualified mortgages must have a total debt-to-income ratio of less than or equal to 43%[91]. - The CFPB mandates that securitizers retain at least 5% of the credit risk for asset-backed securities unless exempted[91]. - The Bank is subject to the Equal Credit Opportunity Act and Fair Housing Act, prohibiting discrimination in credit transactions[92]. - The DOJ has intensified efforts to prosecute violations of the ECOA and FHA[92]. - New rules limit interest and charges on credit cards and debit card overdrafts[92]. - The Bank must provide disclosures to help the public assess its fulfillment of community housing needs[92]. - The Bank is prohibited from discriminatory practices when extending credit[92]. - The Bank must comply with new standards for error correction and information disclosure regarding mortgage servicing[91]. Market Risk and Interest Rate Sensitivity - The information on market risk and interest rate sensitivity is detailed in Item 7 of the report[328].

Financial Data and Key Metrics Changes - The company expressed satisfaction with the results achieved in the fourth quarter and highlighted progress towards performance goals throughout 2024 [6]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content. Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the provided content. Company Strategy and Development Direction and Industry Competition - The company emphasized its commitment to maintaining progress towards performance goals, indicating a strategic focus on operational efficiency and growth [6]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the accomplishments made during 2024 and the overall performance in the fourth quarter, suggesting a positive outlook for the future [6]. Other Important Information - The call included standard disclosures regarding forward-looking statements and the associated risks and uncertainties [3][4]. Q&A Session All Questions and Answers - No specific questions and answers from the Q&A session were provided in the available content.

2 5 2 0 E A R S Y INVESTOR PRESENTATION Fourth Quarter 2024 CAUTIONARY STATEMENTS This presentation contains "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be contained in Colony Bankcorp, Inc's (the "Company") future filings with the Securities and Exchange Commission (the "SEC"), in press releases, and in oral ...