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 ...

Group 1 - Colony Bankcorp reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and up from $0.31 per share a year ago, representing an earnings surprise of 22.22% [1] - The company posted revenues of $30.78 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.55%, compared to $28.18 million in the same quarter last year [2] - Colony Bankcorp has surpassed consensus EPS estimates three times over the last four quarters, while it has topped consensus revenue estimates only once in the same period [2] Group 2 - The stock has underperformed the market, losing about 0.7% since the beginning of the year, while the S&P 500 has gained 2.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $29.32 million, and for the current fiscal year, it is $1.57 on revenues of $120.52 million [7] - The Zacks Industry Rank for Banks - Southeast is currently in the top 24% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income for Q4 2024 increased to $7.4 million, or $0.42 per diluted share, compared to $5.6 million, or $0.32 per diluted share, in Q3 2024[6] - Net income for Q4 2024 was $7,432,000, compared to $5,629,000 in Q3 2024, reflecting a 32.0% increase[24] - Operating net income for Q4 2024 was $7,756,000, up from $6,205,000 in Q3 2024, a 24.97% increase[24] - Net income for Q4 2024 reached $7,432,000, representing a significant increase of 32.5% from $5,629,000 in Q3 2024[26] - Net income for Q4 2024 reached $7,432,000, representing a 32.7% increase compared to $5,598,000 in Q4 2023[36] - Earnings per share (EPS) for Q4 2024 was $0.42, up from $0.32 in Q4 2023, marking a 31.3% increase[36] Income and Revenue - Noninterest income for Q4 2024 totaled $10.3 million, a 10.79% increase from the same period in 2023[10] - Operating noninterest income for Q4 2024 was $10,710,000, up from $10,536,000 in Q3 2024, representing a 1.64% increase[24] - Total income for Q4 2024 reached $30,781,000, compared to $28,623,000 in Q3 2024, marking a 7.53% increase[25] - Total noninterest income for the twelve months ended December 31, 2024, was $39,375,000, a 10.3% increase from $35,634,000 in 2023[36] - Noninterest income for the fourth quarter of 2024 was $10,309,000, compared to $9,305,000 in the fourth quarter of 2023, reflecting an increase of 10.77%[34] Assets and Deposits - Total assets increased to $3.11 billion at December 31, 2024, up by $44.7 million from September 30, 2024[10] - Total assets grew to $3,108,762,000 in Q4 2024, compared to $3,038,947,000 in Q3 2024, marking an increase of 2.3%[27] - Total assets as of December 31, 2024, were $3,109,782,000, up from $3,053,422,000 in Q4 2023, reflecting a growth of 1.8%[38] - Total deposits rose to $2.57 billion at December 31, 2024, an increase of $43.0 million from $2.52 billion at September 30, 2024[10] - Total deposits for Q4 2024 reached $2,567,943, an increase of 1.7% from Q3 2024's $2,524,970[39] - Total deposits rose to $2,567,943,000 in 2024, compared to $2,544,790,000 in 2023, marking an increase of 0.91%[35] Loans and Credit Quality - Total loans, excluding loans held for sale, were $1.84 billion at December 31, 2024, a decrease of $43.1 million, or 2.28%, from the prior quarter[6] - Total loans decreased to $1,842,980 in Q4 2024 from $1,886,037 in Q3 2024, representing a decline of 2.3%[41] - Core loans for Q4 2024 amounted to $1,720,444, a decrease of 2.2% compared to $1,759,600 in Q3 2024[41] - The provision for credit losses was $650,000 in Q4 2024, down from $750,000 in Q3 2024[6] - The provision for credit losses in the fourth quarter of 2024 was $650,000, a decrease from $1,500,000 in the fourth quarter of 2023, indicating improved credit quality[34] - Total nonperforming loans (NPLs) decreased to $10,812,000 in Q4 2024 from $12,259,000 in Q3 2024, a reduction of 11.8%[27] Efficiency and Profitability - Operating return on average assets improved to 0.99% in Q4 2024 from 0.81% in Q3 2024[24] - Return on average assets increased to 0.95% in Q4 2024, up from 0.74% in Q3 2024, showing enhanced profitability[26] - The efficiency ratio improved to 69.11% in Q4 2024, compared to 72.79% in Q3 2024, indicating better cost management[26] - Operating efficiency ratio decreased to 67.80% in Q4 2024 from 70.27% in Q3 2024, indicating improved cost management[25] Dividends - The company declared a quarterly cash dividend of $0.1150 per share, to be paid on February 19, 2025[4] - Cash dividends declared per share remained stable at $0.1125 for Q4 2024, consistent with Q3 2024[26] - The company declared dividends of $0.1125 per share for Q4 2024, compared to $0.1100 per share in Q4 2023[36]

Group 1: Stock Recommendations - Peoples Financial Services Corp. (PFIS) has seen a 27.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Premier, Inc. (PINC) has experienced a 5.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Colony Bankcorp, Inc. (CBAN) has had a 3.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] Group 2: Dividend Yields - Peoples Financial Services Corp. (PFIS) offers a dividend yield of 4.5%, significantly higher than the industry average of 2.4% [2] - Premier, Inc. (PINC) has a dividend yield of 3.9%, compared to the industry average of 0.0% [3] - Colony Bankcorp, Inc. (CBAN) provides a dividend yield of 2.6%, slightly above the industry average of 2.3% [4]

Group 1: Powell Industries, Inc. (POWL) - Powell Industries is a custom-engineered solutions provider with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for Powell's current year earnings increased by 13% over the last 60 days [1] - Powell's shares gained 50.4% over the last three months, outperforming the S&P 500's increase of 6.2% [1] - The company has a Momentum Score of A [1] Group 2: Donegal Group Inc. (DGICA) - Donegal Group is an insurance holding company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Donegal's current year earnings increased by 100% over the last 60 days [2] - Donegal Group's shares gained 8.7% over the last three months, compared to the S&P 500's increase of 6.2% [2] - The company possesses a Momentum Score of A [2] Group 3: Colony Bankcorp, Inc. (CBAN) - Colony Bankcorp is a bank holding company for Colony Bank with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Colony Bankcorp's current year earnings increased by 3.8% over the last 60 days [3] - Colony Bankcorp's shares gained 18.9% over the last three months, outperforming the S&P 500's increase of 6.2% [3] - The company has a Momentum Score of A [3]

Financial Performance - The company achieved net income of $5.6 million, or $0.32 per diluted share, for the three months ended September 30, 2024, compared to $5.8 million, or $0.33 per diluted share, for the same period in 2023[191]. - The increase in net income for the nine months ended September 30, 2024, was primarily due to increased net interest income and noninterest income from various service charges and gains[191]. - Net income for the third quarter of 2024 was $5.6 million, compared to $5.8 million for the same period in 2023[203]. Assets and Liabilities - As of September 30, 2024, the company reported total consolidated assets of $3.1 billion, total loans of $1.9 billion, total deposits of $2.5 billion, and stockholders' equity of $276.1 million[191]. - Total assets as of September 30, 2024, were $3,038,947, slightly down from $3,058,485 in the same period last year[211]. - The Company's total deposits experienced a minimal decline of 0.78% to $2.52 billion at September 30, 2024, compared to December 31, 2023[202]. Income and Expenses - Noninterest income for Q3 2024 was $10.1 million, an increase of $364,000, or 3.75%, from Q3 2023[195]. - For the three months ended September 30, 2024, noninterest expense was $20.8 million, a decrease of $46,000, or 0.22%, from the same period in 2023[196]. - Total noninterest expense for Q3 2024 was $20.8 million, a slight decrease of 0.2% from $20.9 million in Q3 2023, and for the nine months, it decreased by 3.0% to $61.6 million from $63.5 million[228]. Credit Losses and Nonperforming Assets - Provision for credit losses for the three months ended September 30, 2024, was $750,000, compared to $1.0 million for the same period in 2023[193]. - The allowance for credit losses on loans was $19.7 million, or 1.04% of total loans, at September 30, 2024, up from $18.4 million, or 0.98% of total loans, at December 31, 2023[194]. - Nonperforming assets were $12.5 million, or 0.41% of total assets, at September 30, 2024, compared to $10.7 million, or 0.35% of total assets, at December 31, 2023[194]. Interest Income and Margin - Net interest income on a tax equivalent basis decreased to $18.7 million for Q3 2024 from $19.8 million in Q3 2023, a decline of $1.1 million[192]. - The net interest margin for the third quarter of 2024 was 2.64%, down from 2.78% in the same period in 2023[207]. - For the nine months ended September 30, 2024, net interest income was $56,114, with a net interest margin of 2.67%[213]. Deposits and Liquidity - The Company's uninsured deposits represented 31.64% of total Bank deposits at September 30, 2024, compared to 30.22% at December 31, 2023[202]. - The estimated uninsured deposits increased to $809.2 million, or 31.64% of total deposits, compared to $777.8 million, or 30.22%, at December 31, 2023[258]. - Cash and cash equivalents increased to $144.9 million at September 30, 2024, from $83.3 million at December 31, 2023, a growth of 73.8%[265]. Capital Ratios - The Company maintained a CET1 risk-based capital ratio of 12.51% as of September 30, 2024, up from 11.66% at December 31, 2023[272]. - The leverage ratio improved to 9.51% as of September 30, 2024, compared to 9.17% at December 31, 2023[272].

Financial Data and Key Metrics Changes - Operating net income increased by $238,000 in Q3 2024, driven by higher net interest income and non-interest income [4][11] - Interest income rose by over $1.2 million due to loan growth and repricing of earning assets [11] - Net interest income saw its first quarter-over-quarter increase in the past year, despite a slight margin decline of 4 basis points [5][13] Business Line Data and Key Metrics Changes - All complementary lines of business were profitable in Q3, with a combined pretax net income increase of over 20% [4] - Non-interest income increased by approximately $417,000, primarily from mortgage-related fee revenue [13] - Small business specialty lending division net income rose to $1.5 million, an increase of $174,000 from the prior quarter [20] Market Data and Key Metrics Changes - Total deposits grew by approximately $64.7 million, with a mix shift towards money market and retail CDs [15] - Loan growth was around 4% on an annualized basis, totaling over $20 million for the quarter [6][14] - Non-performing loans increased, but the company remains confident in credit quality [7][14] Company Strategy and Development Direction - The company launched a new digital online banking platform to enhance customer experience and support growth [9] - Focus on efficiency and profitability remains a priority, with a target to keep operating net non-interest expense to average assets at 1.32% [8] - The company aims to return to historical growth rates of 8% to 12% over the next few years [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing reduced pressure on funding costs and stable credit quality [10] - The company expects modest margin expansion starting in Q4 2024 and into 2025 [5][13] - Management noted that the impact of Hurricane Helene was minimal on financial performance [3][4] Other Important Information - The company repurchased 35,000 shares at an average price of $15.05 and declared a quarterly cash dividend of $0.1125 per share [18] - The company sold approximately $7.6 million worth of securities at a loss, with plans for similar transactions to restructure the portfolio [17] Q&A Session Summary Question: Profitability outlook and core earnings for 2025 - Management indicated that annualizing current core earnings is reasonable, with expected improvements in non-interest income and margin [24] Question: Asset sales and future transactions - Management expects asset sales to be a one-time event rather than a recurring transaction, with potential for a larger transaction in the future [26] Question: Expected loan payoffs and project financing - Payoffs are expected from projects nearing completion that typically do not involve bank financing [28] Question: New loan origination yields - New loan origination yields for the quarter were reported at approximately 8.23%, down from previous peaks [32] Question: Fee income sustainability - Management expressed confidence in maintaining fee income levels around $10 million, despite challenges in the mortgage market [33]