Colony Bank(US:CBAN)2025-10-23 13:00Financial Performance - Colony Bankcorp reported net income of $5.82 million, with adjusted earnings per share of $0.47 for the third quarter of 2025[22] - The company's net interest margin expanded for the fourth consecutive quarter, reaching 3.17%[23] - The operating return on average assets improved to 1.06%, and the operating return on average equity was 11.03%[23] - Tangible book value per common share increased to $14.20[23] Growth and Expansion - Loans increased by $43.5 million, representing an annualized growth rate of 9%[23] - Total deposits increased by $28.1 million[23] - The company expects to return to an 8-12% organic growth run rate by the end of 2025[38] Mergers and Acquisitions - Colony Bankcorp is set to merge with TC Bancshares, Inc, with pro forma assets reaching $3.8 billion[44] - The implied aggregate transaction value is $86.1 million, or $21.73 per TC Bancshares common share[44] - The acquisition is estimated to result in FY2026 and FY2027 EPS accretion of approximately 8.5% and 11.9%, respectively[44] Liquidity and Capital - Total liquidity sources as of September 30, 2025, amounted to $1.3034 billion[58]