Colony Bankcorp - CBAN STOCK NEWS

Colony Bankcorp (NYSE: CBAN) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 23, 2025, after market close. The company will host a conference call to discuss the results on Thursday, April 24, 2025, at 9:00 AM ET.

Investors can access the conference call by dialing 1-800-549-8228 with Conference ID: 68027. A replay will be available until May 1, 2025, at 1-888-660-6264 using passcode 68027#. Financial results and investor materials will be accessible on the company's website under the Investor Relations section.

Colony Bankcorp (NYSE: CBAN) has acquired The Ellerbee Agency, an Allstate appointed consumer property and casualty insurance agency. The acquisition expands Colony Insurance's footprint with two new office locations in Monroe, Georgia and Greensboro, Georgia.

The Ellerbee Agency, led by Sean Ellerbee who brings over two decades of experience, will be integrated into Colony Insurance, the Company's wholly-owned insurance subsidiary. The acquisition includes eleven experienced agents, with Sean Ellerbee joining Colony Insurance's leadership team to focus on sales and coaching efforts.

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.

Colony Bankcorp (NYSE: CBAN) announced that Edward P. Loomis, Jr. will retire from the Board of Directors of both the Company and Colony Bank, effective May 22, 2025. Loomis served as President and CEO from May 2012 until July 2018, during which he:

• Guided Colony through recession recovery
• Implemented new efficiencies
• Expanded into new markets

Prior to Colony, Loomis's banking career began in 1975 at Trust Company Bank in Atlanta as VP and Commercial Lender. He held executive roles at First Macon Bank & Trust, Atlantic Southern Bank, and served as interim President and CEO at Rivoli Bank and Trust in 2005. Board Chairman Mark H. Massee credited Loomis as a stabilizing force who ensured smooth succession planning.

Colony Bankcorp (NYSE: CBAN) has appointed Paul Joiner, III to its Board of Directors for both the Company and Colony Bank, effective March 1, 2025. Joiner, currently Vice President of Finance at SASCO Chemical Group, brings over 20 years of experience in finance, accounting, corporate leadership, and real estate investment.

A Certified Public Accountant with advanced degrees from the University of Georgia, Joiner has previously served as Chief Financial Officer at Thrush Aircraft and held various positions at regional accounting firm Mauldin & Jenkins. His expertise includes auditing, regulatory reporting, finance, and involvement in residential and commercial real estate investments.

The appointment aligns with Colony's strategy to strengthen its leadership team and drive continued growth. Chairman Mark H. Massee highlighted Joiner's professional excellence and alignment with company values, while CEO T. Heath Fountain emphasized his forward-thinking approach and financial expertise as valuable assets for building lasting value for stakeholders.

Colony Bankcorp (NYSE: CBAN) has announced its participation in the upcoming Janney 2025 CEO Forum, scheduled for January 29th and 30th. The company will be represented by Heath Fountain, Chief Executive Officer, and Derek Shelnutt, Chief Financial Officer. Investors and interested parties can access the presentation materials before the event through the Investor Relations section on Colony's official website at www.colony.bank.

Colony Bankcorp (NYSE: CBAN) reported strong Q4 2024 financial results with net income increasing to $7.4 million ($0.42 per diluted share), up from $5.6 million ($0.32 per diluted share) in Q3 2024. Operating net income rose to $7.8 million ($0.44 per diluted share).

Total deposits increased by $43.0 million to $2.57 billion, while total loans decreased by $43.1 million to $1.84 billion. The company's mortgage production reached $76.9 million with sales of $51.4 million. The Small Business Specialty Lending division closed $22.2 million in SBA loans and sold $30.0 million.

The Board declared a quarterly cash dividend increase to $0.1150 per share, payable February 19, 2025. The company maintained strong capital ratios, with preliminary tier one leverage ratio at 9.50% and total risk-based capital ratio at 17.10%.

Colony Bankcorp (NYSE: CBAN) has announced key executive promotions and organizational changes to strengthen its leadership team. Ed Canup, former Chief Revenue Officer, has been promoted to Chief Banking Officer, bringing over 40 years of banking experience to oversee Commercial and Retail Banking. Daniel Rentz, with 15+ years at Colony, becomes Chief Information Officer, managing operations, innovation, and technology. Laurie Senn, with 20+ years of banking experience, has been elevated to Chief Administrative Officer, overseeing payments, HR, marketing, and process improvement.

Additionally, President D Copeland will take on expanded responsibilities supporting operations and growth, allowing CEO Heath Fountain to focus more on strategy and long-term vision. These changes aim to strengthen Colony's position as a sustainable, high-performing independent bank.

Colony Bankcorp (NYSE: CBAN) has scheduled its fourth quarter 2024 earnings release for Wednesday, January 22, 2025, after market close. The company will host a conference call to discuss the results on Thursday, January 23, 2025, at 9:00 AM ET.

Investors can access the call by dialing 1-800-549-8228 with Conference ID 71885. A replay will be available until January 30, 2025, via 1-888-660-6264 using passcode 71885#. Financial results and investor materials will be posted on the company's website under the Investor Relations section.